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voda 20 juni 2022 07:47

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Mr Zekelman’s Atlas Tube Got Steel supply Contract for Border Wall

Strategic Research Institute
Published on :
20 Jun, 2022, 6:35 am

The Globe & Mail reported that a company controlled by a Canadian steel billionaire Mr Barry Zekelman, involved in illegal donations to former US President Mr Donald Trump campaign group, received at least USD 58-million in contracts to help build the former president’s wall along the US border with Mexico. Mr Zekelman’s corporate empire and family, including his wife and brother, also made at least USD 2.6-million in contributions to American politicians and political campaigns over decades. On one occasion, Mr Zekelman personally wrote a cheque to an American senator.

A Globe and Mail review of US government campaign finance databases and contracting documents has shed new light on the political involvement of Mr Zekelman and his US businesses. That involvement, the review revealed, goes well beyond the Trump donations that landed him in hot water with American regulators earlier this spring. According to federal government records, Zekelman owned company Atlas Tube received two contracts to supply steel for the border wall in Arizona, The first contract dated 23 September 2019 was for USD 52.6 million & the second dated 14 January 2020 was worth USD 5.9 million. In both cases, Atlas supplied steel tubing and other materials to Southwest Valley Constructors Co, which was in charge of building a section of the wall south of Tucson.

In April, the US Federal Election Commission fined Wheatland Tube, a Zekelman-controlled company, for giving USD 1.75-million to Super PAC America First Action. The FEC found that these donations were illegal because Mr Zekelman helped orchestrate them. Under American law, foreign nationals who do not hold US citizenship or a green card are prohibited from making or participating in political contributions.

Mr Zekelman backed Mr Trump’s protectionist trade policies, including the president’s imposition of steel tariffs on Canada. He lobbied Mr Trump to slap import quotas on other countries, which would disadvantage Mr Zekelman’s non-US competitors.

voda 20 juni 2022 07:48

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Outokumpu Divests Plate Services in Castelleone Italy to Mariotti

Strategic Research Institute
Published on :
20 Jun, 2022, 6:37 am

Outokumpu’s plate services in service center in Castelleone in Italy are to be taken over by one of biggest customers in Italy Mariotti stainless steel group. All plate services and operations in Castelleone, machines and stock transfer to Mariotti. Apart a few exceptions, also the existing contracts and sales orders are transferred to Mariotti. Coil service center in the same location continues its operations normally, and it is not impacted by this deal in any way. Outokumpu also continues to sale quarto plate to distributors and tube producers as before.

Mariotti has three stainless steel service centers in northern Italy, located in Pontevico in Brescia and Gravellona Toce in Verbania. Mariotti has been a very good customer and the cooperation continues with Outokumpu as a supplier and Castelleone service center as a part of our customer’s operations.

voda 20 juni 2022 07:48

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MoU signed for India Innovation Centre for Graphene R&D

Strategic Research Institute
Published on :
20 Jun, 2022, 6:41 am

The stage is set for the first graphene research and innovation centre in the country to become a reality as a Memorandum of Understanding has been signed by the implementation partners here in this regard. Digital University Kerala, Centre for Materials for Electronics Technologies & Tata Steel are the implementation partners of the innovative initiative. A translational research centre being established by the Government of India and Government of Kerala to drive research and innovation in the applications of graphene, the India Innovation Centre for Graphene will undertake research and development, product innovation and capacity building activities in the area of graphene and 2D materials ecosystem. The centre will function as an anchor point to promote startups and commercial research. Currently there are only very few graphene research centres globally

The centre will be located in the Integrated Startup Complex at KINFRA High Tech Park at Kalamassery in Kochi. The centre is being established with an overall outlay of INR 86.41 crore. Digital University Kerala will develop graphene transfer and applications while CMET will be involved in graphene synthesis and development required for these graphene based applications. With an investment of INR 7 crore, Tata Steel will be the key industrial partner in this initiative and the steel manufacturer will also provide business and technical support for developing the centre's profile.

Graphene is often referred to as the wonder material for its extraordinary electrical and electronic properties. It is the thinnest and strongest material in the world ever known and has good chemical stability, high electrical conductivity and a large surface area while being transparent and lightweight. It is a 2D material, ie, it is a solid crystal with just single layer of atoms arranged in ordered patterns. The emerging 2D materials will have a wide range of commercial and industrial applications in biomedical, defense, electronics, energy, and sensors in the future, claims the institutes. As per latest researches, Graphene could replace indium and thereby bring down cost of OLED, organic light emitting diode, screens in smartphones.

voda 20 juni 2022 07:49

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Evraz Steel Regina Mill Layoffs 170 Workers on Weal Pipe Demand

Strategic Research Institute
Published on :
20 Jun, 2022, 6:44 am

Regina Leader Post reported that the union head at the Evraz steel mill in Regina says that roughly 250 to 300 employees have either been laid off or have received notices they will be out of a job because there’s a lack of work. United Steelworkers Local 5890 president Mr Mike Day said “The layoffs are primarily affecting workers who make large diameter pipe in the mill’s tubular division. The bulk of the workers being let go had only been on the job for four months after being recalled in January. It’s not good. We got some guys that have been laid off who are 12 to 15 year members. It’s hard to say when they’re coming back. It’s going to be tough; they’ve got to worry about their families and future, so it’s disheartening.”

Mr Day added “There aren’t enough Canadian oil and gas projects that Evraz can supply this steel for. There have also been few requests. Our large diameter metal really has no orders in the foreseeable future. We’re positive for the future in the next couple of years, but right now there’s nothing.”

An Evraz North America spokesperson said in an emailed statement the company has laid off 170 workers since May after deciding to idle the large diameter pipe operation. The spokesperson said while overall business is strong, the large diameter pipe market has been soft. The company has offered employment opportunities in Calgary for workers who were laid off in Regina. They said the large pipe diameter business is typically cyclical, adding the company is focusing on products for the hydrogen and carbon capture and storage market as it transitions to supporting cleaner energy projects.

In December 2020, the company notified the union they were laying off nearly 500 workers because of a bleak outlook on large pipe projects. The company then rehired about 400 people in January to fill an order, but then started issuing the layoff notices in May. The tubular division originally had roughly 600 members in 2019 and now only has about 150.

voda 20 juni 2022 07:49

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Indian Steel’s Captains Meet Finance Minister Ms Sitharaman

Strategic Research Institute
Published on :
20 Jun, 2022, 6:48 am

JSW Steel Chairman Mr Sajjan Jindal, Steel Authority of India Limited’s Chairperson Ms chairman Soma Mandal, Jindal Steel & Power Limited Chairman Mr Navin Jindal, AMNS India CEO Mr Dilip Omen, JSW Steel Deputy MD Mr Jayant Acharya & Rashtriya Ispat Nigam Limited CMD Mr Atul Bhat & others met India’s Finance Minister Ms Nirmala Sitharaman for the first time after the finance ministry imposed a 15% export duty on 90% of India’s finished steel exports, effectively halting fresh overseas sales.

While details of the meeting are not known, Ms Sitharaman tweeting that “Delegation of Indian Steel Association @steel_indian, including Shri @MPNaveenJindal Chairman JSPL, Shri @sajjanjindal Chairman JSW, Smt Soma Mondal Chairman @SAILsteel & other senior members of the industry, calls on Smt @nsitharaman.” indicates that changes in the export duty policy cannot be ruled out.

voda 20 juni 2022 07:50

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Russian Steel Makers Facing Rough Weather on Sanctions

Strategic Research Institute
Published on :
20 Jun, 2022, 6:51 am

Russia's biggest steel maker NLMK had told Interfax that Russia could cut steel exports 23% in 2022 & the biggest drop, 40%-50%, will be for roll. He told “The substantial decrease for rolled products is due to the fact that this type of metal product is already subject to restrictions in Europe, where most of it has been supplied. Redirecting rolled products to other markets is more difficult than redirecting semis due to other restrictions: duties, quotas and others. Slab exports might also decrease in H2 2022 due to a price correction in the iron ore and steel markets, which will lead to lower prices for slabs in China amid still-high logistics costs.”

Severstal’s Mr Alexei Mordashov told Interfax that the decline in production in the steel business is 25%-30%. He said “Our production volume in the timber business has dipped sharply, and we have noticeably dipped in steel. Output in the timber business has dropped 80%, whereas the decline in steel is somewhere around 25%-30%.”

Severstal CEO Mr Alexander Shevelev said at a session at St Petersburg International Economic Forum that the company's capacity is currently underutilized by about 20-25%. He said “That is, today we cannot attract orders and produce these products in an economically justified way, although Severstal, being a vertically integrated company, is among the top three global companies in terms of costs," he said. "But today, with the current exchange rate of the ruble, which is insanely strong, with sharply increased costs of logistics, freight, transshipment, delivery, we cannot sell to the seemingly friendly markets of the Southeast countries, the Pacific and so on. Economically it is simply not profitable.”

Media also reported that Russia may subsidies steel exports. Russian Deputy Minister of Industry & Trade Mr Viktor Evtukhov in his speech at the SPIEF said “We are revisiting the decision to subsidize the export of metallurgical products. Last year, there was no point in this: the products were exported, there were high prices, and our products flew off the wheels. Today there is a problem, so we will revisit this subsidy. Domestic demand for steel has fallen and the overly strong rouble clearly does not benefit steel exporters, so some products sometimes have to be delivered at zero margins and in some cases even at a loss.

Russia’s First Deputy Prime Minister Mr Andrei Belousov noted during the forum “Restricting exports from Russia in favor of the exchange rate would be a strategic mistake. The government, on the contrary, intends to expand the geography of export supplies in every possible way without harming the domestic market.”

However, Russian Finance Ministry is not ready to abandon the excise tax on steel, though the mechanism could possibly be fine-tuned. Russia’s Deputy Finance Minister Mr Alexei Sazanov told Interfax “This has been a long-term source of generating budget revenue; therefore, we are not ready to abandon this source in principle. Meanwhile, it is clear that the market situation has changed in recent months, with transportation costs having risen and the ruble having strengthened, which has had a certain effect. Accordingly, the price costs of metals companies have increased. Let us now look at the results of May-June in order to decide whether it is necessary to adjust the excise tax mechanism on steel in order to take into account the new economic realities.”

voda 20 juni 2022 08:18

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Rio Tinto Delivers Iron Ore from Gudai Darri Mine in Pilbara

Strategic Research Institute
Published on :
20 Jun, 2022, 6:30 am

World’s leading miner Rio Tinto has delivered first ore from the Gudai-Darri iron ore mine as the company brings online its first greenfield mine in the Pilbara in Western Australia in more than a decade. Gudai-Darri will help underpin future production of the company’s flagship Pilbara Blend product. The first autonomous AutoHaul trains loaded with ore from Gudai-Darri’s process plant have travelled the new 166 kilometers rail line that connects to Rio Tinto’s existing rail and port infrastructure. Production from the mine will continue to ramp up through the remainder of this year and is expected to reach full capacity during 2023.

Since ground was broken in April 2019, more than 14 million work hours have resulted in the movement of over 20 million cubic meters of earth, batching and placement of 35,000 cubic meters of concrete and the installation of 10,000 tonnes of steel.

With an expected life of more than 40 years and an annual capacity of 43 million tonnes, Gudai-Darri will underpin future production of Pilbara Blend ™ product. A feasibility study to support an expansion of this new hub is also progressing.

The mine’s commissioning and ramp-up is expected to increase Rio Tinto’s iron ore production volumes and improve product mix from the Pilbara in the second half of this year. Full year shipments guidance for 2022 remains at 320 to 335 million tonnes subject to risks around the ramp up of new mines, weather and management of cultural heritage.

The capital cost for the mine is estimated to be USD 3.1 billion. As disclosed in February, the company’s replacement projects in the Pilbara, including Gudai-Darri, were subject to potential capital increases of approximately 15% due to ongoing COVID 19 restrictions, including labour access and supply chain quality issues. Group capital expenditure guidance for 2022 is unchanged at around USD 8 billion.

voda 20 juni 2022 08:35

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Russia to subsidise steel exports amid sanctions: official
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Russian authorities will subsidise steel exports, Russian Deputy Minister of Industry and Trade Viktor Evtukhov said during his speech at the St. Petersburg International Economic Forum (SPIEF) on Friday.

“We are revisiting the decision to subsidise the export of metallurgical products,” Evtukhov said. “Last year, there was no point in this: the products were exported, there were high prices, and our products flew off the wheels. Today there is a problem, so we will revisit this subsidy.”

According to the official, another important measure is subsidising the import of critical raw materials.

In 2020, a mechanism was launched to support Russian industrial exports, with RUB 2 billion ($35 million) allocated from the budget to exporters for corporate programmes to improve competitiveness, which involved subsidising bank loans.

Evtukhov conceded domestic demand for steel has fallen, and the “overly strong rouble” clearly does not benefit steel exporters, so some products sometimes have to be delivered at zero margin, and in some cases even at a loss.

“Restricting exports from Russia in favour of the exchange rate would be a strategic mistake,” Russia’s First Deputy Prime Minister Andrei Belousov noted during the forum. “The government, on the contrary, intends to expand the geography of export supplies in every possible way without harming the domestic market.”

Earlier during SPIEF, the chairman of the Bank of Russia, Elvira Nabiullina, said amid current conditions the value of exports should be re-evaluated, with production reoriented to the domestic market and the degree of product processing increased.

Last week, Russian steelmaker NLMK said that steel exports will fall further due to sanctions against the country following its invasion of Ukraine (see Kallanish passim). It expects exports of steel products from Russia to decline by 23% in 2022, with rolled products accounting for the bulk of the decline, at 40-45%.

More than 10,000 sanctions have been imposed against Russia, and it is already clear that steelmakers are losing sales markets, says the Russian Steel Association.

Svetoslav Abrossimov Bulgaria

voda 21 juni 2022 06:34

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Hoa Phat Supplying Steel Pipes for Construction Project in Vietnam

Strategic Research Institute
Published on :
21 Jun, 2022, 6:13 am

Vietnamese steel giant Hoa Phat’s has supplied steel pipe for a series of large projects and works across the country in the first five months of 2022. Hoa Phat’s steel pipe products is used for the works in the ultrasonic pipe system of bored piles, fire prevention and fighting pipes, water conduction, cable conduit, girder box pipes, truss support, purlin etc. Hoa Phat’s steel pipe has high quality, meets technical requirements, especially large-sized steel pipe product line to replace imported goods used in national key infrastructure projects such as bridges and culverts, airport. Its products meet international standards as well as all the strictest quality standards such as TCVN 3783: 1983, ASTM A500, ASTM A53, JIS G 3302:2010, BS 1387/1985, ISO 9001:2015 quality management system.

The typical projects and works in the North using Hoa Phat’s steel pipes include Lotte Mall Hanoi, Vinfast Hai Phong Factory; Dinh Vu Industrial Park; Hilton Hai Phong project; Wyndham Lynn Time Thanh Thuy project; Dragon Castle Apartment Building; Silic Jinko Solar Vietnam Silicon Plate Technology Project; Vinh Tan ecological urban area, Vinh city; Goertek Vina Bac Ninh Project, Yamato Electric Vietnam Factory etc.

In the Central region, Hoa Phat’s steel pipe is selected to be used at Malibu Hoi An, Vina Capital Eco-tourism Area, Da Nang Museum, Thaco Truong Hai, Quang Nam General Hospital, Vinpearl Hoi An, Ba Na Hill, Da Nang Hi-Tech Park.

A series of key public investment and large urban areas projects in the South also choose Hoa Phat’s steel pipe. The most prominent of which are the projects of Long Thanh International Airport (Dong Nai), Rach Mieu Bridge 2, Ben Luc - Long Thanh Expressway, Metro line No 1 Ho Chi Minh City Masteri District 9.

In addition, urban and resort projects also use a large amount of Hoa Phat’s steel pipe such as Astra City Binh Duong, Charm Resort Long Hai, Grand Manhattan District 1, West Gate Binh Chanh, Ho Tram Vung Tau, Sunbay Park Hotel & Resort Ninh Thuan etc.

voda 21 juni 2022 06:35

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MMK to Cut Emissions atOgneupor’s Refractory Shop

Strategic Research Institute
Published on :
21 Jun, 2022, 6:16 am

Russian steel maker MMK’s refractory maker Ogneupor’s fireclay products shop’s clay firing & fireclay grinding site is implementing modernization projects reduce emissions of suspended solids namely aluminum, iron and silicon into the air by 6.3 tonnes per year. The technical re-equipment includes the replacement of the physically and morally obsolete wet cleaning system with a dust collection efficiency of 85-90% for a dry cleaning system with bag filters with an efficiency of at least 97%, which corresponds to the best available technologies. Their commissioning is scheduled for November 2022.

The chosen direction of modernization of dust cleaning systems allows refractory workers to refuse from cleaning drains and sedimentation tanks and thus from pollution of water resources, and the introduction of modern equipment and filter materials with a high degree of purification improves the environmental situation at the enterprise. The filter not only captures dust, but also returns it back to the process.

Ogneupor is a participant of the Clean Air federal project. The comprehensive plan of the project, designed for the period up to 2024 and aimed at improving the environmental situation and reducing emissions of pollutants into the atmospheric air, includes measures that Ogneupor implements at its production site, including in the fireclay products workshop.

voda 21 juni 2022 06:35

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Ternium Argentina Implements Terminal Tractor in Savio Plant

Strategic Research Institute
Published on :
21 Jun, 2022, 6:19 am

Latin American steel maker Ternium has introduced an automatic trailer system in supply chain system that facilitates the logistics to supplies tin & hot steel coils to Ramallo, Sidercrom and Serviacero III plants in Argentina. The project incorporates the use of a vehicle called Terminal Tractor, specifically designed to move semi-trailers from one place to another in the same logistic yard. The distinctive design of the Terminal Tractor includes, between its benefits, an automatic semi-trailer linkage system, which is operated from the booth; compacted distance between axes to move in smalls places; direct access for the driver to the linkage system, without the need of getting off the vehicle; and 360 degree visibility.

The Terminal Tractor will be assigned in a specific internal circuit in General Savio Plant, to perform the loading and transport of steel coils from different storages to a Transfer Yard, in which it is, realized the uncoupling of the loaded semi-trailer, so it can be coupled to an empty semi-trailer, and start another loading internal circuit. On the other hand, in a simultaneous way, a conventional truck, which realizes an external circuit between General Savio plant and Ramallo plant, then it goes to the mentioned Transfer Yard to perform the uncouple of its empty semi-trailer and couple the loaded semi-trailer to complete the restock process.

The Transfer Yard is in the interconnection area between the internal and external circuit previously mentioned. This space was a truck parking, which was recovered and adapted for this project. With this implementation, it is intended to optimize the current restock time in Ramallo plant, increasing a 20% the load per trip and, consequently, maximising the use of the fleet and improving the service competence

The project is supported by a Logistic Bot, a system that works across an instant messaging and QR reading application, implemented in all logistics processes. With this tool, it was defined the custom offices area in General Savio plant, strategic points with QR code reader to position trucks in the diverse process stages, instructions for drivers of where they should go, load indications for forklift and crane operators, coupling/uncoupling in the Transfer Yard and access and downloading in Ramallo plant. The driver operates in an independent way in the Transfer Yard. Across its collaborative function, the Logistic Bot allows the record of the semi-trailer coupling and uncoupling. Besides, it generates instructions for drivers about the next process stage. ll the involved equipment has the possibility of interconnecting with the support of the Logistic Bot across QR codes, WMS, RFID connected with the NAC Custom System to make more efficient this restock circuit.”

voda 21 juni 2022 06:36

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Emirates Steel Arkan to Showcase ES600 Rebar at Make in Emirates

Strategic Research Institute
Published on :
21 Jun, 2022, 6:22 am

UAE’s largest listed steel and building materials company Emirates Steel Arkan, has announced its participation in the “Make it in the Emirates” forum, where it will highlight its contribution to the country’s industrial output and showcase new products, including the recently introduced ES600 rebar. Emirates Steel Arkan Group CEO Mr Saeed Ghumran Al Remeithi said “The forum’s focus on future industries that rely on advanced technology, the fourth industrial revolution solutions and replacement technologies will allow us to showcase our innovative products, including ES600 rebar, a new lightweight and sustainable product that will set new standards in the construction industry.”

During the event, Emirates Steel Arkan will also shed light on its strategic plans, including potential development of a fully automated hot rolled coil project, which would be the first of its kind in the MENA region and would increase the company’s total production capacity to more than 5 million tonnes per year. The hot rolled coil project, if approved by the group’s board post comprehensive evaluation, would produce flat-based products, used in various industries, including automotive, electric steel, shipbuilding, gas cylinders, heavy metal structures, marine structures, machinery and its components, pipes, household appliances along with many other products.

The event will be held in Abu Dhabi from June 21-22, 2022, at ADNOC Business Center and is being hosted by the Ministry of Industry and Advanced Technology in conjunction with the Abu Dhabi Department of Economic Development and Abu Dhabi National Oil Company. The forum, which is the first of its kind in the UAE, will bring together more than 1,300 local and international investors as well as UAE industry leaders amid an expansion of opportunities at the supply and procurement chain level. The “Make it in the Emirates” forum will also provide investors, manufacturers and technology providers in sectors such as energy, telecommunications, aviation, healthcare, food and beverages, with long-term UAE investment opportunities.

voda 21 juni 2022 06:40

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Aciaierie d'Italia Invests in Advanced Training with RINA

Strategic Research Institute
Published on :
21 Jun, 2022, 6:28 am

Taranto based Italian steel giant Acciaierie d'Italia announced that an advanced training course for middle managers of Italian steel companies was held on 16 & 17 June at the Acciaierie d'Italia plant in Taranto, organized by RINA CSM and directed by Enrico Gibellieri. The aim of the course is to provide participants with the tools and methodologies to outline a complete picture of the steel industry at a national, European and global level. Acciaierie d'Italia through its Training Center has invested in 18 company managers to further contribute to the training of its resources.

At the end of the course, each participant chose a topic dealt with in the master to explore current issues of the steel sector such as digitization, automation and robotization of the steel production cycle in the transition towards an increasingly marked decarbonization through use of DRI and electric furnaces, the application of the principles of Industry 4.0 and the control system for the management of slab heating furnaces in steel plate production.

Participants appreciated the company initiative because it represents an opportunity for the development of their skills and they feel involved in the transformations foreseen in the future as some of them, despite fifty years of age, had never participated in advanced training initiatives such as the one experienced in these months.

RINA is a private, multinational company headquartered in Genoa in Italy. It was founded in 1861 under the name Registro Italiano Navale, Italian Naval Register. Until 1999, RINA worked almost exclusively as a ship classification company, and has since included operations in the following sectors: Energy and Mobility, Marine, Certification, Industry and Real Estate and Infrastructure. The company has also expanded its services in the fields of testing, inspection and certification and engineering consultancy.

voda 21 juni 2022 06:40

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Ship Breaking Activity Entering Summer & Monsoon Lull

Strategic Research Institute
Published on :
21 Jun, 2022, 6:24 am

World's leading cash buyer of ships for recycling GMS said that “Following the recent drastic falls, which have seen almost USD 100/LDT wiped off prices, the ship recycling industry in the Indian sub-continent seems to be taking a bit of a pause, as End Buyers remain less than confident to offer any firm prices with certainty. Adding to the frustration is the minimal number of candidates currently available to work on, such is the bullish state of all freight sectors. Accordingly, we may see a prolonged summer & monsoon lull across all sub-continent recycling locations.”

GMS said “On the West end, Turkey is far worse off with its plummeting steel plate prices (both import and local) and a currency that has shaken the local market to a standstill, with no new arrivals or even news of fresh deals as local offerings are firmly below the USD 300/MT mark.”

GMS also said “As such, given the state of global currencies, which continue to depreciate alarmingly against the US Dollar, in addition to soaring inflation, it would not be surprising to see minimal or virtually NO deals concluded to End Buyers for the next few months. Indeed, even those vessels sold to Cash Buyers at recycling equivalent prices today are seeing previously unthinkable trading opportunities at fantastic levels and those older assets are now being passed through drydock, with firm chartering rates at present.”

GMS added “This is, inevitably and expectedly, leading to pent up demand for recycling units as most plots are increasingly turning dormant and are in dire need to acquire vessels in order to fulfill LC limits with banks. Local banks are also becoming tougher on granting fresh LCs, particularly for larger LDT vessels, and this is leading to End Buyers having to put up larger securities in order to obtain the necessary financing for new units.

GMS Price Assessment - India/Bangladesh/Pakistan – Week 24

Dry Bulk – USD 590-610 per LDT

Tankers - USD 600-620 per LDT

Containers - USD 610-630 per LDT

voda 21 juni 2022 06:41

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DIAPM Receives Multiple EoIs for Ferro Scrap Nigam Limited

Strategic Research Institute
Published on :
21 Jun, 2022, 6:35 am

The Department of Investment & Public Asset Management has received multiple expressions of interest for the strategic disinvestment of Ferro Scrap Nigam Limited. DIPAM secretary Mr Tuhin Kanta Pandey tweeted “Multiple expressions of interest received for strategic disinvestment of Ferro Scrap Nigam Ltd, a wholly owned subsidiary of MSTC Ltd.” on Monday.

The Cabinet Committee on Economic Affairs had accorded its ‘in-principle’ approval to disinvest entire equity shareholding held through MSTC in FSNL and transfer of management control in October 2016. DIPAM is overseeing the strategic disinvestment, while BDO India LLP has been roped in as the transaction advisor. The finance ministry had first invited bids on 31 March 2022 for offloading the government’s entire equity shareholding in FSNL through strategic sale along with transfer of management control. As per the last deadline revision, the last date for submitting bids for the company was 17 June. The shortlisted bidders will be intimated on July 8.

Bhilai Chhattisgarh based Ferro Scrap Nigam Limited, incorporated in 1979, is a Mini Ratna II, IMS-certified central public sector enterprise under the administrative control of the Ministry of Steel. The company is a specialized steel mill service provider engaged in processing steel mills slag for recovery of iron scrap and other metallics. It is presently working across nine steel plants in India. The company offers services for dig and haul of blast furnaces and steel melting shop slag at slag yards, processing of iron and steel skulls, mill rejects and maintenance scrap. The total manpower of the company as of November 1, 2021, was 1,451 with 590 regular employees on the company’s payroll and 861 outsourced employees. It made a profit of INR 23 crore in 2020-21.

voda 21 juni 2022 06:41

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Hoa Phat’s HR Production Dips 10% YoY in May on Sluggish Demand

Strategic Research Institute
Published on :
21 Jun, 2022, 6:31 am

Vietnamese steel giant Hoa Phat Group produced 780,000 tonnes of crude steel in May 2022, up 16 % YoY, while total sales of steel billet, construction steel and hot rolled coil reached 660,000 tonnes, up10% YoY. The output of construction steel alone reached 393,000 tonnes, up 21% YoY.

Construction steel export activity recorded positive results in May with 167,000 tonnes, more than 2 times higher than the same period last year, making an important contribution to the above output growth. In addition to finished steel, Hoa Phat Group also provided 63,000 tonnes of steel billets for domestic and foreign markets.

With hot rolled coil products, the output in May reached over 200,000 tonnes, down 10% YoY as the market for HRC downstream products such as steel pipes and galvanized steel is sluggish, leading to lower consumption of hot rolled coil materials compared to the same period last year and the previous month.

Hoa Phat Group’s steel pipe reached 51,000 tonnes, down 20% YoY.

In the first 5 months of 2022, Hoa Phat Group produced 3.6 million tonnes of crude steel, posting 10% YoY increase. Sales volume of steel billet, construction steel and HRC reached 3.4 million tonnes, up 5%YoY. Construction steel contributed 2 million tonnes, up 26% YoY, of which 631,000 tonnes were exported, more than 2 times higher than the same period last year. HRC recorded 1.2 million tonnes, up slightly year-on-year. In addition, Hoa Phat Group also provided over 300,000 tonnes of steel pipes & 152,000 tonnes of coated steel sheets for both domestic and foreign markets.

Currently, Hoa Phat Group has a crude steel capacity of 8.5 million tonnes a year, including 5.5 million tonnes of steel billet, construction steel and 3 million tonnes of HRC a year. Hoa Phat Group holds the No 1 market share in Vietnam for construction steel, steel pipes. The group is the only Vietnamese enterprise that can produce hot-rolled coils.

voda 21 juni 2022 06:42

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Tata Steel Has Stopped Buying PCR Coal from Russia

Strategic Research Institute
Published on :
21 Jun, 2022, 6:40 am

Reuters reported that a spokesman for Tata Steel has clarified that the deal to import coal from Russia was made before the company's announcement to cut business ties with Russia, without providing further details. He informed Reuters “There has been no other PCI Coal purchase by Tata Steel from Russia after the announcement.”

Reports have emerged that Tata Steel imported about 75,000 tonnes of PCI coal through Panamax Ostria from from Russia's Vanino port in the second half of May, out of which 42,000 tonnes were offloaded in a port in Paradip on May 18 and 32,500 tonnes in Haldia.

Tata Steel had said in April all its manufacturing sites in India, the UK and the Netherlands had sourced alternative supplies of raw materials to end its dependence on Russia as a conscious decision to stop doing business with Russia.

voda 21 juni 2022 06:42

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Rail Transit of Russian Steel to Kaliningrad via Lithuania Stops

Strategic Research Institute
Published on :
21 Jun, 2022, 6:38 am

Interfax Russia reported that the ban on the railway transit of steel & ferrous metal products between Russia proper and the Kaliningrad region via Lithuania is not a decision made by Vilnius but was part of the European Union's sanctions on Russia. Lithuanian Foreign Minister Mr Gabrielius Landsbergis said before a European Union ministerial meeting in Luxembourg “Firstly, these are not Lithuania's actions, these are European sanctions applied from 17 June. And the sanctions are currently applied by the railway company, which has informed its clients that the goods under the sanctions from 17 June, which are steel and other products manufactured of iron ore, won't be imported through Lithuania any longer. This is being done in consultations with the European Commission and in line with its decisions.”

The transit ban was announced back in mid-March as part of the fourth package of the EU sanctions. The EU sanctions adopted on March 15 imposed restrictions on Russian steel and other ferrous metal products under contracts concluded before 17 June and they cannot be transported across EU territory after that date. The same ban will take effect with regard to cement, alcohol, and some other products on 10 July, with regard to coal and other solid fossil fuels on August 10, and Russian oil on 5 December. Preliminary estimates show that the ban affects 40% to 50% of all transit cargo, including construction materials, cement, metals, and other important commodities

Land transit between the Kaliningrad region and other regions of Russia has not been stopped or blocked. Transit of passengers and cargo that are not under the EU sanctions is continuing. Lithuania has not imposed any unilateral, individual, or additional restrictions on this transit.

voda 21 juni 2022 06:50

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Mr Carlos Ortega Arias-Paz is New Chairman of Acerinox

Strategic Research Institute
Published on :
21 Jun, 2022, 6:44 am

Spanish stainless steel maker Acerinox’s board has appointed Mr Carlos Ortega Arias Paz as Non-Executive Chairman of Acerinox. Mr Ortega Arias-Paz, currently Managing Director of Corporación Financiera Alba and member of the Board of Acerinox as Proprietary Director, shall assume the position for a period of four years. He holds a Cum Laude Degree in Economics from Harvard University and a Master’s Degree in Business Administration from Harvard Business School. In 2017, he joined Corporación Financiera Alba as Director of Strategy, leading the company’s international strategy and collaborating on investments in Spain. In addition to being a member of the highest Governance Body of Acerinox, he is also member of the Board of Directors of Verisure, Piolin Bidco (Parques Reunidos), Rioja (Naturgy), Atlantic Aviation and is Chairman of the Harvard Club of Spain.

Mr Bernardo Velázquez Herreros was also reappointed as Chief Executive Officer for a period of four years, thus renewing the position he has held since 2010. Mr Velázquez is an industrial engineer from ICAI. During his long career within Acerinox, he has held various positions in the Group's subsidiaries and has been Strategy Director and Managing Director. He is also Chairman of North American Stainless. Furthermore, he is Chairman of Unesid and Vice-Chairman of World Stainless Association.

voda 21 juni 2022 07:01

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JFE Steel Moving Ahead with Testing C02-Utilization Technologies

Strategic Research Institute
Published on :
21 Jun, 2022, 6:51 am

Japan’s second largest steel maker JFE Steel Corporation announced that it is moving ahead with two R&D projects to develop technologies that will use CO2 in steelmaking processes that are expected to help the company eventually to become carbon neutral. One project is a partnership with the Research Institute of Innovative Technology for the Earth aimed at optimizing a system that uses CO2 for methanol synthesis. The other project is a partnership with Ehime University that is researching and developing C02-fixing technology based on fast, large-quantity carbonation of steel slag. As a result of continued progress with both projects, JFE Steel has now approved the construction of test facilities for making use of steelmaking byproducts, including steel slag and combustible gasses such as blast furnace gas. Facilities at its JFE Steel West Japan Works in Fukuyama Area and East Japan Works in Chiba Area will accelerate R&D initiatives aimed at significantly reducing CO2 emissions through more effective use of steelmaking byproducts.

System for Methanol Synthesis Using C02

1. Construction at the JFE Steel West Japan Works in Fukuyama Area will begin this year and the facilities will enter operation in 2023. Demonstration testing is to be completed within 2025.

2. R&D will focus on the commercial launch of a large-scale carbon capture and utilization) process for be incorporated in a to-be-decided steelmaking method, such one using carbon-recycling blast furnaces.

C02-fixing through Fast, Large-quantity Carbonation of Steel Slag

1. Construction at the JFE Steel East Japan Works in Chiba Area will begin in next year and the facilities will enter operation in 2024. Demonstration testing is to be completed within 2025.

2. R&D will focus on the fixation of CO2 generated by steelmaking processes, such as those involving carbon-recycling blast furnaces, and also by thermal power plants, to produce C02-fixed steel slag for use in road construction.

The facilities for both projects will be built in response to the New Energy and Industrial Technology Development Organization's public invitation to companies and organizations to participate in an umbrella project targeting the development of technologies for carbon recycling and next-generation thermal power generation and also for reducing C02 emissions and utilizing C02. NEDO will conduct interim assessments within this year and then formulate detailed plans for both projects in/after the fiscal year beginning in April 2023.

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