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voda 21 februari 2022 07:17

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Ternium Finalizing Investment Plans for Expansion in Mexico

Strategic Research Institute
Published on :
21 Feb, 2022, 5:18 am

Ternium plans to spend around USD 1 billion on expanding its plant in northern Mexico. Ternium's CEO Mr Maximo Vedoya told analysts "The company is in the final stage of launching a new expansion initiative to complement all these capabilities we have in the Pesqueria facility.

The investment will go towards expanding a Mexican plant located near Monterrey known as Pesqueria, a facility dating back to 2013 which recently added a hot-rolling mill to serve the automotive, appliance and construction sectors. The expansion plan includes a second cold rolling mill, a third galvanizing mill, and several finishing lines.

voda 21 februari 2022 07:19

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ArcelorMittal to Increase Green Steel Sales Six Fold in 2022

Strategic Research Institute
Published on :
21 Feb, 2022, 5:30 am

While several steelmakers in Europe have started offering steel products with carbon reduction certificates, global trend setter ArcelorMittal, which sold 100,000 tonnes of such steel in 2021, expects such volumes to climb to 600,000 tonnes in 2022. ArcelorMittal CEO Mr Aditya Mittal during an investor call said told analysts "ArcelorMittal is looking to invest in renewable power capacity, offering large base load electricity purchasing commitments as part of a larger drive to expand further into direct reduction iron at multiple sites in Europe and Canada, with the potential to use green hydrogen and electrolysis. Demand across all segments shows customer appetite for green solutions. Clearly, we need to grow that product range, and we're doing that through the investments that we have.”

ArcelorMittal has launched several low emissions products under its XCarb brand, including certified emissions credits bundled steel and a range of renewable steel products. The certificates are based on an average 2.1 tonnes of carbon emissions representing Scope 1 and 2 emissions for flat steel products. The XCarb green steel certificates are independently verified and offered with ArcelorMittal's blast furnace-based steel, directly related to C02 savings from group investments in decarbonization technologies implemented across a number of European sites.

ArcelorMittal is adapting existing steel processes to increase use of scrap metal and enable gas injection to save on other fuels, such as carbon-based products. It targets completion of two smart carbon initiatives at its Gent, Belgium, site by the end of the year, under the Carbalyst and Torero projects, which capture C02 from the blast furnace and produces bioethanol. The company has plans for a 100,000 tonnes per year year DRI pilot plant in Hamburg using hydrogen exclusively.

Bijlage:

voda 21 februari 2022 07:19

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Outokumpu Inks PPA for Wind Power with Alpiq

Strategic Research Institute
Published on :
21 Feb, 2022, 5:23 am

Global stainless steel giant Outokumpu has signed a 10-year power supply agreement for renewable wind power with Swiss electricity producer Alpiq. The amount of contracted wind power energy corresponds to over 60% of Outokumpu’s electricity consumption at its production sites in Germany. According to the agreement, deliveries will begin in January 2023.

Increasing the share of low-carbon electricity is one of the most important methods for Outokumpu to achieve its ambitious climate targets. In total, the share of low-carbon electricity in Outokumpu's European operations is already over 80%. Earlier, Outokumpu has announced two other 10-year wind power agreements. Together these agreements support Outokumpu’s ambitious science-based climate targets which are aligned with keeping global warming below 1.5 degree Celsius. The updated targets were announced in December 2021 and support Outokumpu’s aim of being the industry leader in sustainability.

voda 21 februari 2022 07:20

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Tenaris Constructing Wind Farm in Argentina

Strategic Research Institute
Published on :
21 Feb, 2022, 5:25 am

Tenaris plans to invest USD 190 million for the construction of a wind farm located in Adolfo Gonzales Chaves in the province of Buenos Aires in Argentina. The wind park would supply close to 50% of Tenaris’s electricity requirements for its Siderca mill in Argentina, reducing CO2 emissions by 152,000 tonnes per year. Gonzales Chaves is a favorable location for wind electricity generation and has a projected utilization capacity factor of 58%. This includes 24 turbines with 4.2 MW installed power each generating a total of 509 GWh annual electricity productions. The wind farm is expected to become operational in the second half of 2023.

Obtaining energy from renewable sources is among the pillars of Tenaris’s 2030 plan to cut its emissions intensity. In February 2021, Tenaris announced its plan to reduce 30% of CO2 emitted per tonne of steel vs 2018 by 2030, achieved through the increased use of recycled steel scrap, boosting energy efficiency through investments and the use of renewable energy.

voda 21 februari 2022 08:21

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BHP Reports Strong Results for H1 of FY 2022

Strategic Research Institute
Published on :
21 Feb, 2022, 5:30 am

Australian iron ore mining giant BHP has announced strong result for H1 of FY 2022. BHP Chief Executive Officer Mr Mike Henry said “BHP had a strong first half. We achieved our third consecutive fatality free calendar year. We mitigated the impacts of COVID-19 and significant adverse weather events to turn in a solid operational performance, particularly from our flagship Western Australian Iron Ore business.We have made strong progress on the execution of our strategy. We unified the BHP corporate structure with strong support from shareholders, we announced and advanced the proposed merger of our petroleum business with Woodside, we progressed our divestments of certain coal assets and we announced the final investment decision for our Jansen Stage 1 potash project. We have also secured further growth options in future facing commodities. BHP is well positioned for the future. We are building on our strong foundations and capital discipline to reshape our business and grow long-term value for shareholders and other stakeholders."

Margin of 64%, higher realised prices, disciplined cost performance and near record production at Western Australia Iron Ore (WAIO)

Profit from operations of US$14.8 billion, up 50%. Underlying EBITDA01 of US$18.5 billion at a margin of 64% for continuing operations. Disciplined cost performance, with unit cost guidance reiterated (at guidance exchange rates) with the exception of Queensland Coal which has increased, reflecting lower expected volumes for the full year as a result of significant wet weather and labour constraints.

Attributable profit of US$9.4 billion and Underlying attributable profit01 of US$10.7 billion up 77% from the prior period for total operations.

voda 22 februari 2022 07:21

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OMK Improves Capabilities of Springs Testing Lab

Strategic Research Institute
Published on :
22 Feb, 2022, 4:51 am

Russian steel & pipe maker United Metallurgical Company OMKK has acquired a modern test bench for evaluating the reliability of spring products at its Chusovoy plant in the Perm Territory. OMK is the first Russian supplier of automotive components to be able to test the quality of springs in its own laboratory under conditions as close to real as possible. The test stand will significantly reduce the development time for promising types of products. The machine will carry out fatigue as well as dynamic testing of the springs and will simulate road conditions at a frequency of 1 Hz in a variety of ways: driving on the highway, off-road, combined conditions.

In particular, the new equipment makes it possible to carry out kinematic, static and dynamic tests of products with a biaxial load application. The second axle imitates the twisting of the springs in the horizontal direction, reproducing its behavior during acceleration and braking on vehicles. Thus, the test bench simulates the real movement of the car. Previously, Russian manufacturers of automotive components did not conduct such tests in their laboratories.

The stand will provide an opportunity to test spring products at the enterprise in accordance with the requirements of international automakers, in particular, Volvo. This will make it possible to increase the localization of springs at OMK's Chusovoy plant and expand the range of deliveries.

voda 22 februari 2022 07:22

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Port Kembla Blast Furnace 6 Reline Enters Feasibility Assessment

Strategic Research Institute
Published on :
22 Feb, 2022, 4:55 am

Australian steel maker BlueScope is now transitioning to a full feasibility assessment of a reline and upgrade of the currently mothballed No 6 Blast Furnace at Port Kembla in Australia. A relined 6BF will secure BlueScope’s domestic iron making needs from 2026. The blast furnace campaign life of up to 20 years aligns with BlueScope’s decarbonization strategy and 2050 net zero goals and provides a challenging but credible timeframe for the development, scaling and commercialization of new low emissions technologies.

The 6BF reline project scope is broader than a typical reline and the feasibility study will examine a comprehensive upgrade of the blast furnace facility and related infrastructure, including comprehensive technical and environmental upgrades. This includes improved environmental controls for water and air quality management and technologies that will be key enablers of medium to longer-term opportunities to reduce Port Kembla Steelworks’ greenhouse gas intensity. These opportunities are part of a broader suite of climate-related projects at Port Kembla that have the potential to reduce GHG emissions intensity by up to 20 per cent. Partnerships and collaborations with governments, technology vendors and industry bodies will be crucial to making sure we are ready to implement the best available technologies.

BlueScope now estimates the preliminary indicative cost for the reline and upgrade project at around AUD 1 billion, up from the initial indicative range of AUD 700-800 million. The increase is due to both a broadening of the scope, including environmental upgrades, and more refined costing of the required works. The estimate includes over AUD 100 million of measures directed at environmental efficiency improvements.

Detailed design and execution will be progressed across the next 12 months at a cost of approximately AUD 50 million. Capital expenditure is expected to peak in FY2024 and FY2025 with around 50 per cent of total spend during that period. BlueScope will also proceed to commit during FY2022 to around AUD 120 million of spending on long lead-time items, which are critical for the availability of 6BF iron making capability from 2026.

With the intention that 6BF replace the No. 5 Blast Furnace as the source of iron from 2026.

voda 22 februari 2022 07:25

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Saudi Steel Pipe Swings to Net Profit in 2021

Strategic Research Institute
Published on :
22 Feb, 2022, 4:58 am

Saudi Steel Pipe Company has reported a net profit of SAR 0.93 million (USD 247,843) for 2021 as compared to a net loss of SAR 34.48 million in 2020. The company posted SAR 373.5 million revenues in 2021, down 21.35% YoY from SAR 474.9 million in the 2020. Gross profit increased to SAR2 7.33 million in 2021 from SAR 19.14 million in FY 2020, mainly due to improvement in the industrial efficiency and reduction of production costs. Saudi Steel Pipe Company recorded a positive EBITDA of SAR 39.61 million in 2021

Saudi Steel Pipe Company is a manufacturer of welded steel pipe in Saudi Arabia since its inception in 1980. Tenaris Saudi Steel Pipes is supplier of electrically resistance welded steel pipes for the energy, industrial, and construction segments of the Middle East and North Africa. Its facilities are located in the Second Industrial City of Dammam, in addition to a commercial office in Riyadh, and a service and distribution network covering more than 20 countries. It has raised production capacity to more than 400,000 tonnes of welded OCTG, Line Pipe and pipes for construction and industrial applications in 1/2 to 20 inches diameters & external Coating FBE, 3LPE, 3LPP.

voda 22 februari 2022 07:25

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GMS Market Commentary on Ship Breaking in Week 07

Strategic Research Institute
Published on :
22 Feb, 2022, 5:02 am

World's leading cash buyer of ships for recycling GMS said that “Another promising week passed in the sub-continent markets this week, with resurgent Pakistani and Bangladeshi, in particular, markets putting down some show stopping numbers on available units. We have seen several Capes sold for HKC recycling in the mid USD 600s/LDT in recent weeks, especially as chartering rates in this sector have taken a bit of a dip. Tankers keep being introduced into the recycling markets and several deals have reportedly been concluded at levels in excess of USD 650/LT LDT in Bangladesh, as the Chattogram market heats up to some increasingly unprecedented levels. Steel prices remain firm across all sub-continent locations and even the Indian market has started to come back into the picture, such is the demand emanating from all markets at present. Finally, the Turkish market remains impeccably poised to place some record levels of their own, if only the dearth of tonnage wouldn’t have kept the market so exquisitely stranded.”

GMS said “Overall, given some of the numbers on show, it is indeed surprising that not more candidates are being introduced for a recycling sale. Yet, there is likely enough inkling in the wet sector to suggest a turn in sentiments, which may lead even more Owners to hold on to their tonnage for now.”

GMS added “With Chinese production set to ramp up again now that Chinese New Year holidays and the winter Olympics are over, perhaps there is scope for further improvements on price as well.”

GMS Pricing

India/Bangladesh/Pakistan – Week 07, stable

Dry Bulk – USD 580-620 per LDT

Tankers - USD 590-630 per LDT

Containers - USD 600-640 per LDT

voda 22 februari 2022 07:26

0

SAIL Bags AI World Awards in Steel Manufacturing

Strategic Research Institute
Published on :
22 Feb, 2022, 5:05 am

Steel Authority of India Limited has been recognized as AI Catalyst in Steel Manufacturing at AI World Awards 2022. Trinity Media-AI World hosted the AI World Awards 2022, which was held in virtual mode on 12 February 2022, and presented the award to SAIL IISCO Steel Plant’s Chief General Manager-in-Charge of Services Mr Sanjeev Kumar

AI World Awards is a platform in India that recognizes innovative AI solutions, AI designing, software, new product development, research, education, and services providers across all sectors and specializations.

voda 22 februari 2022 07:26

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BlueScope Reports Best Ever H1 Performance in 20 Years

Strategic Research Institute
Published on :
22 Feb, 2022, 5:08 am

Australian steel maker BlueScope reported H1 of FY2022 net profit after tax of AUD 1.64 billion, AUD1.31 billion increase over 1H FY2021. BlueScope Managing Director & CEO Mr Mark Vassella said “It is clearly the best half-year performance BlueScope has produced in its 20-year history as a listed company. Demand in key segments, especially in building and construction, has been strong, coupled with particularly robust margins driven by increased steel prices in Asia and the US.”

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1H FY2022 Headlines

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Reported NPAT: AUD 1.64 billion

Underlying NPAT: AUD 1.57 billion

Underlying EBIT: AUD 2.20 billion

Outlook for 2H FY2022 - Underlying EBIT in 2H FY2022 is expected to be in the range of AUD 1.20-1.35 billion, which would be second only to last half when looking back over BlueScope's 20-year listed history.

voda 22 februari 2022 07:27

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Jindal Stainless On boards NIFTEM for Promoting SS in Food Sector

Strategic Research Institute
Published on :
22 Feb, 2022, 5:11 am

India’s largest stainless steel producer Jindal Stainless has set up the Jindal Stainless Gallery at National Institute of Food Technology Entrepreneurship and Management, an apex institution under Ministry of Food Processing Industries. Jindal Stainless also signed MoU with the institute to work towards skill development, entrepreneurship, and academic cooperation, while highlighting the importance of stainless steel in the food processing industry.

This partnership will also see the rollout of a course on stainless steel in NIFTEM’s curriculum to promote technical studies on stainless steel usage in food processing sector, develop food testing vans, organize joint technical sessions for mutual benefits, etc. Apart from this, the Company will also train fabricators and welders to better equip them in stainless steel handling. Given NIFTEM’s academic and technical excellence, this collaboration will also be helpful in charting a roadmap to achieve BIS standards for stainless steel usage in the food industry.

Owing to inherent advantages like hygiene, strength, corrosion resistance, safety, and recyclability, stainless steel is a key material for food processing industry. Major applications like rice mill processing, dairy, bread and meat processing, etc. extensively use stainless steel equipment. There is still ample scope in India to amplify usage of this hygienic metal in the processing of edibles to ensure food safety. Moreover there are no reference standards available for the metal’s use to develop food processing equipment. Collaboration with an institute of national importance will certainly play an important role in educating professionals and for a better coordination with the government to frame sector-specific policies and regulations.

voda 22 februari 2022 07:27

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Builders Seek Government Intervention in Steel Prices in Malaysia

Strategic Research Institute
Published on :
22 Feb, 2022, 5:13 am

The Malaysian Reserve reported that MASTER Builders Association Malaysia has called for government’s intervention on the issue of rising steel prices, which result in higher building material costs. MBAM president Mr Tan Sri Sufri Mhd Zin said “We want stable prices for steel as there are no price fluctuation clauses in private contracts. However, there are no further deliberations on this issue planned at the moment. It is best that government authorities such as the Ministry of International Trade and Industry and Malaysian Competition Commission investigate and comment on the issue of rising steel prices.”

According to the Malaysian Iron and Steel Industry Federation and the Malaysia Steel Association, steel bar prices rose in the first half of 2021, owing primarily to strong demand resulting from global economic recovery and hike in raw material prices, particularly scrap, iron ore and coking coal, due to supply tightness and global supply chain disruption. They said “Coupled with the Chinese government’s tight control over steel production and the removal of export rebates, the increasing raw material costs are reflected in rising steel prices. Rising energy prices, such as a 64% increase in natural gas tariff in 2021 in Malaysia, as well as a surge in international freight costs also contributed to the increase in imported material costs and steel prices. Hence, domestic steel bar manufacturers have no control over steel prices, given that the domestic steel prices are subject to the global supply and demand dynamics.”

Founded in 1954 by the late Mr Tan Sri Dato’ Low Yat, the Master Builders Association Malaysia plays an important role in the development and advancement of the construction industry. Dedicated towards promoting and developing the construction industry in Malaysia, MBAM has evolved into a cohesive umbrella organization.

voda 22 februari 2022 07:28

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US Opens Circumvention Probe on Steel Pipes made form Indian HR

Strategic Research Institute
Published on :
22 Feb, 2022, 5:17 am

In response to a request from Bull Moose Tube Company, Nucor Tubular Products Inc, Wheatland Tube Company and the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union, AFL-CIO, CLC, US Department of Commerce is initiating a country-wide circumvention inquiry to determine whether imports of welded carbon steel standard pipes and tubes, which are completed in Oman and United Arab Emirates from hot-rolled steel produced in India, are circumventing the antidumping duty order on pipe and tube from India.

The products covered by the Order include certain welded carbon steel standard pipes and tubes with an outside diameter of 0.375 inch or more but not over 16 inches. These products are commonly referred to in the industry as standard pipes and tubes. This merchandise is currently classifiable under HTS subheadings 7306.30.1000, 7306.30.5025, 7306.30.5032, 7306.30.5040, 7306.30.5055, 7306.30.5085, 7306.30.5090.

US Department of Commerce in a separate order announced final results of Sunset Reviews of Antidumping Duty Orders on Circular Welded Carbon-Quality Steel Pipe from Oman, Pakistan and United Arab Emirates on 18 February 2022. The Department of Commerce found that revocation of the antidumping duty orders on circular welded carbon-quality steel pipe from Oman, Pakistan and United Arab Emirates would likely lead to a continuation or recurrence of dumping and that the magnitude of the dumping margins likely to prevail would be weighted-average margins of up to

Oman - 7.36%

Pakistan - 11.80%

UAE - 6.43%

voda 22 februari 2022 07:29

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CERO Partners for Replacement of Old Vehicles of Daimler India

Strategic Research Institute
Published on :
22 Feb, 2022, 5:22 am

Daimler India Commercial Vehicles and auto scrap recycler CERO have announced a partnership. By partnering with BharatBenz, owners are able to swap their end-of-life commercial vehicles with brand new BharatBenz trucks with robust support and hassle-free service. The move will give Daimler customers the opportunity to replace their old fleet with new BSVI BharatBenz trucks that are manufactured locally in India with high standards of quality, safety, comfort and state of the art technology.

Mahindra Accelo, previously known as Mahindra Intertrade and PSU MSTC Ltd have joined hands and established Cero to achieve these goals. This is India’s maiden organized auto shredding venture and vehicle recycling unit. It recycles specialized steels and other non-ferrous metals that are present in automobiles. The first Cero plant is based out of Delhi NCR.

voda 22 februari 2022 07:29

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Severstal Increases CAPEX Plans for 2022 to USD 1.6 Billion

Strategic Research Institute
Published on :
22 Feb, 2022, 5:24 am

Russian steel maker Severstal has announced plans to invest USD 1.6 billion in 2022, focusing on the company's strategic priorities of superior customer experience, cost leadership and new opportunities. It is expected that the growth of capital investments by the end of 2022 will be approximately 38% compared to 2021 investments of USD 1.157 billion). Severstal's new capital investments program for 2022 include

1. USD 878 million will be invested in development projects, including USD 336 million in projects that further improve environmental and climate performance

2. USD 356 million to maintain the company's existing facilities

3. USD 151 million capitalization of overburden

4. USD 137 million will be invested in IT and digital projects, including the completion of the SAP S/4 HANA project, automation of supply chain and manufacturing process operations, as well as a wide range of IT projects aimed at improving product quality

5. USD 78 million will be directed to the improvement of the industrial safety system, for example, the reconstruction of the fire safety system in sheet rolling shop No 2 in accordance with the best available technologies; also in ecology and environmental protection projects, such as: water purification, automatic monitoring of emissions into the atmosphere; installation of electrostatic precipitators in the production of sinter and steel

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Severstal Russian Steel

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Investments in the Severstal Russian Steel division in 2022 will amount to USD 1.123 billion: UD 675 million will be directed to development projects, USD 246 million to maintain the company's existing capacities, USD 131 million to IT projects, USD 59 million to environmental projects and HSE. The most important projects are: a project for the reconstruction of steelmaking facilities to achieve a capacity of 13 million tonnes per year, section mill 170, a 100 MW CHPP with an electric air blowing station, modernization of the crude benzene rectification department, technical re-equipment of a continuous hot-dip galvanizing unit, as well as preparatory work for overhaul of DP5.

------------------------

Severstal Resource

------------------------

Investments in 2022 will amount to USD 503 million, of which UD 203 million will be directed to the development of production. The key priority projects are the main stage of construction of the cycle-flow technology complex (at Karelsky Okatysh, the development of the Pechegubskoye deposit at Olkon, and the increase in the capacity of the Yakovlevsky GOK and Karelsky Okatysh.

voda 22 februari 2022 07:30

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RINL VSP Denies VUPPC Allegations on Curtailment of Production

Strategic Research Institute
Published on :
22 Feb, 2022, 5:27 am

The Hindu reported that the management of Rashtriya Ispat Nigam Limited has denied the allegations made by the representatives of the Visakha Ukku Parirakshana Porata Committee that it was deliberately reducing production. The Hindu report quoted a RINL press release as saying that “The views expressed are not portraying the prevailing steel market and business operation in the right perspective. On the contrary, in the current adverse situation, when there is an overall coal crisis both for domestic and international plants, RINL has optimized its plant operations and is performing at its best and setting new benchmarks in business operation.”

Visakha Ukku Parirakshana Porata Committee leaders had alleged that the production was stopped though there was tremendous demand for steel in the market.

In the calendar year 2021, RINL achieved more than 6 million tonnes of hot metal production for the first time and maintaining the same pace in 2021-22, it is on the way to achieve its best ever annual performance in hot metal, crude steel and saleable steel production. In fact, on its 40th Formation day on 18 February 2022, RINL’s Blast Furnace-1 has achieved its best-ever daily Hot Metal production of 8,019 tonnes.

voda 22 februari 2022 07:30

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Thyssenkrupp Steel Becomes a Member of ResponsibleSteel

Strategic Research Institute
Published on :
22 Feb, 2022, 5:31 am

German steel giant Thyssenkrupp Steel has become a member of ResponsibleSteel, a non-profit organization that uses a global standards and certification program to ensure that the steel used is responsibly sourced and manufactured at every stage. Thyssenkrupp Steel sees the commitment to the ResponsibleSteel Standard as another important building block in the sustainable transformation process.

Under the umbrella of ResponsibleSteel, companies from all areas of the steel value chain, civil society groups, associations and other organizations are working to increase the contribution of steel to a sustainable society. This includes, but is not limited to, the responsible sourcing of raw materials, production, use and recycling of steel. In addition to the commitment to a sustainable supply chain, ResponsibleSteel has developed a wide range of social and ecological criteria. These broaden the notion of sustainability to include issues such as health and safety, greenhouse gas emissions, water management and biodiversity, human and labor rights, and community relations.

Steel is also of enormous importance in the context of the energy transition: It is essential as a material for wind turbines or in power plant construction. Likewise, consistent lightweight construction as part of new quality and processing concepts in automotive engineering can sustainably reduce fuel consumption. Against this background, decarbonization of the steel industry, which causes around 7% of global CO2 emissions, is of particular importance. Thyssenkrupp Steel has therefore set itself the goal of reducing CO2 emissions by 30% by 2030 and of producing climate-neutrally by 2045 at the latest.

voda 22 februari 2022 07:31

0

Uniper to Supply Green Hydrogen to Salzgitter for SALCOS Project

Strategic Research Institute
Published on :
22 Feb, 2022, 5:35 am

Uniper and Salzgitter AG have signed a cooperation agreement with the aim of supplying the SALCOS project in Salzgitter for the production of climate-friendly steel with green hydrogen at competitive conditions from Uniper. The cooperation aims to supply hydrogen from Wilhelmshaven. Uniper is developing two projects for green hydrogen there: On the one hand, an import terminal for ammonia is planned, which will be able to convert the ammonia back into hydrogen. On the other hand, Uniper is planning a large electrolysis that will generate green hydrogen with an output of up to 1000 MW. For this purpose, a direct connection of offshore wind farms to be newly built in the North Sea is to be examined. The electrolysis and the entire downstream hydrogen infrastructure act like a shock absorber that stores the wind energy as hydrogen and makes it transportable when there is strong wind.

Uniper and Salzgitter AG will work together with other well-known partners to supply Salzgitter via the emerging German hydrogen pipeline network and to develop cavern storage facilities. Both companies are jointly driving the ambitious vision of decarbonizing German industry in support of climate goals and are contributing to their achievement with such concrete projects.

Uniper is an international energy company and a pioneer in the field of hydrogen. With around 35 gigawatts of installed capacity, Uniper is one of the largest power generators in the world. Uniper's core activities include both power generation in Europe and Russia and global energy trading, as well as a broad gas portfolio that makes Uniper one of the leading gas companies in Europe. Uniper is also a reliable partner for municipalities, municipal utilities and industrial companies when it comes to planning and implementing innovative CO 2-mitigating solutions on their way to decarbonizing their activities. Together with Fortum, Uniper is already actively building up its own electrolysis capacities, particularly in Germany, the Netherlands and the UK as well as in Sweden, Finland and Denmark.

voda 22 februari 2022 07:31

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Cleveland-Cliffs to Idle Indiana Harbor Blast Furnace 4

Strategic Research Institute
Published on :
22 Feb, 2022, 5:37 am

US steel maker Cleveland-Cliffs Inc announced that it will indefinitely idle its Indiana Harbor blast furnace 2. This action is a result of the successful implementation of operational improvements, particularly the addition of significant amounts of HBI to the burden of blast furnaces and the maximization of scrap usage in BOFs. The employees allocated to BF 4 will be reassigned to other positions within Indiana Harbor Works, as the number of available job openings at the Indiana Harbor complex exceeds the amount of jobs associated with BF 4. The Company will continue normal operations of the entire Indiana Harbor Works, including its two steel shops, the hot strip mill and all its finishing facilities, as well as the nearby Riverdale Works. With both Indiana Harbor blast furnaces 3 & 4 now indefinitely idled, going forward, all downstream operations including Riverdale Works will be supplied exclusively by the Company’s flagship high-productivity blast furnace 7.

The BF 4, which has a production capacity of 2.1 million net tons of hot metal per year, is expected to cease production within the next two months. This action will reduce the number of operational blast furnaces in Cliffs’ footprint from 8 to 7. The Company does not expect any change to full-year 2022 steel shipment volumes as a result of the indefinite idle of BF 4.

Cleveland-Cliffs is the largest flat-rolled steel producer in North America. Founded in 1847 as a mine operator, Cliffs also is the largest manufacturer of iron ore pellets in North America. The Company is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling, and tubing.

Vertraagd	31 mei 2024 17:35
Koers	24,160
Verschil	+0,250 (+1,05%)
Hoog	24,180
Laag	23,760
Volume	6.882.105
Volume gemiddeld	2.623.475
Volume gisteren	4.317.263

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