Beursonline.nl

voda 11 juli 2022 08:21

0

RSPP Calls for Maximum Liberalization of Currency Regulation

Strategic Research Institute
Published on :
11 Jul, 2022, 6:41 am

Interfax Russia reported Russian Union of Industrialists & Entrepreneurs RSPP head Mr Alexander Shokhin said that Russian currency regulation needs to be liberalized as much as possible so as to support remaining exporters and companies should not be penalized for things like not repatriating foreign currency earnings on time. Mr Shokhin told Interfax “Right now, despite the essential elimination of mandatory sales of forex earnings, the repatriation requirement still exists and it needs to be urgently eliminated, of course. Problems arise foremost for sectors that were oriented toward exports and are now forced to dramatically reduce them, including steelmakers.”

Mr Shokhin said “These companies exported more than half of their products. And in the world, as we know, there is excess steel capacity, and as soon as we're removed from the market it could be forever, someone else will take this niche and it will be fairly difficult to return to these markets.”

He added “It is necessary to find new markets, including domestically. The very same steel products can also be used in Russian construction in large amounts. But, while the drop in exports, say, is 30 million tonnes, construction can absorb a maximum of 5 million tonnes. It's clear that these steel companies will still be pressed. And this means that we need to think about infrastructure projects that can absorb labor and provide orders for the very same steel products, construction materials and so on. In other words, we need new drivers of economic growth.”

voda 11 juli 2022 08:21

0

DGFT Tweaks SIMS Time Period for Steel Imports into India

Strategic Research Institute
Published on :
11 Jul, 2022, 6:43 am

India’s Director General Foreign Trade vide a notification on 8 Jul 2022 relaxed the time period, earlier required for registering deals in Steel Import Monitoring System. It said “The Steel Importing Monitoring System shall require importers to submit advance information in an online system for import of items and obtain an automatic Registration Number by paying registration fee of INR 1 per thousand subject to minimum of INR 500 and maximum of INR 1 lakh on CIF value. The importer can apply for registration not earlier than 60th day before the expected date of arrival of import consignment. The automatic Registration Number thus granted shall remain valid for a period of 75 days.”

The earlier clause was “The Steel Importing Monitoring System shall require importers to submit advance information in an online system for import of items and obtain an automatic Registration Number by paying registration fee of INR 1 per thousand subject to minimum of INR 500 and maximum of INR 1 lakh on CIF value. Importer can apply for registration not earlier than 60th day and not later than 15th day before the expected date of arrival of import consignment. The automatic Registration Number thus granted shall remain valid for a period of 75 days.”

voda 11 juli 2022 08:22

0

Mr Scindia Expects India’s Steel Production to double in 8 Years

Strategic Research Institute
Published on :
11 Jul, 2022, 6:46 am

Press Trust of India reported that stating that steel plays a major role in the country's economy, newly-appointed Union Steel Minister Mr Jyotiraditya Scindia on Friday said India's steel production will double from the current 120 million tonnes to 240 million tonnes in the next eight years. Mr Scindia told “In any country's economic development, steel makes an important contribution. Today India is the second largest producer of steel in the world with 120 million tonne production. I am confident that the target that we have set to double it to 240 million tonne in next eight years will be done.”

Mr Scindia also said “I have taken charge of the steel ministry yesterday only and I am not the one who starts lecturing without understanding the sector. I will take some time to understand the ministry and the sector. I don't believe in making comments but on solid work. So far, only 24 hours are over of my taking over the charge and I am not aware of everything. Give me some time, as you have given me when I became the civil aviation minister.”

Mr Scindia added “I will ensure that the production of steel in the country will enhance by taking medium and small industries along with the large units.”

voda 11 juli 2022 08:22

0

Danieli’s EAFs for Liberty Ostrava’s GREENSTEEL Transformation

Strategic Research Institute
Published on :
11 Jul, 2022, 6:49 am

LIBERTY has signed a contract with Danieli for the delivery of two state-of-the-art hybrid electric arc furnaces at the centre of Ostrava’s GREENSTEEL transformation plan. The CZK 8.6 billion (EUR 350 million) investments, which will be the largest investment in the steelworks for a generation, is a huge step forward in LIBERTY Ostrava’s plan to become carbon neutral by 2030. The new furnaces, the first of their kind in Europe, will have a combined capacity of 3.5 million tonnes per annum and will reduce the overall CO2 emissions of the Ostrava steelworks by more than 80% by 2027.

The two 200 tonne furnaces uses the innovative and patented Danieli QONE power electronics technology to control arc current and voltage for a more efficient and stable power delivery to the furnaces. This will allow the furnaces to be more flexible in the charge mix from large quantities of Hot Metal and Direct Reduced Iron and up to 100% scrap in the second phase of the project. In doing so the plant will reduce its reliance on imported coal and iron ore and provide even greater production flexibility. The new furnaces are expected to be operational in 2025 and will be able to melt 100% scrap in 2027 following the planned installation of a 400kV electricity line into the Ostrava steelworks.

At the same signing ceremony LIBERTY Ostrava signed a Declaration of Cooperation with CEZ ESCO, part of the CEZ group which is one of Europe’s largest energy companies. This partnership will identify and develop the renewable energy and hydrogen technologies required for Ostrava’s GREENSTEEL transformation.

LIBERTY Ostrava is an integrated steel business with an annual production capacity of approximately 3.6 million tonnes per annum serving construction, machinery and oil & gas industries. The company is a domestic leader in the manufacture of road barriers and tubes. In addition to the Czech market, it supplies its products to more than 40 countries around the world. Together with its subsidiaries in Ostrava, the company has 6,000 employees.

LIBERTY has also launched the tender process for similar hybrid electric arc furnaces for Ostrava’s sister plant LIBERTY Galati in Romania, as it too transforms to GREENSTEEL technologies and the group targets 10 million tonnes of GREENSTEEL capacity in Europe over the next five years.

voda 11 juli 2022 08:23

0

RINA Certifies Italian Steel Maker Arvedi as Net Zero Green Steel

Strategic Research Institute
Published on :
11 Jul, 2022, 6:51 am

Ruetir reported that Italian steel maker Arvedi stands out on the top of the world and crosses the finish line of first steel mill certified net zero emissions, or a zero net carbon dioxide emissions. The result is achieved 28 years before the target set by the European Commission. Arvedi got from Rina, third party accredited internationally for Testing, Inspection and Certification, the certificate of validation of the calculation model according to GHG Protocol A Corporate Accounting and Reporting Standard revised edition; Ghg Protocol Scope 2 Guidance EC Regulation 2066/2018 and subsequent amendments. This certificate allows Acciaieria Arvedi starting 1 September 2022 from supplying carbon steel produced in the Cremona and Trieste plants, at the same time issuing the certificate of net zero CO2 emissions, direct and indirect, scope 1 and purpose 2, for all types and processing of steel produced.

Arvedi steelworks has achieved this result thanks to an impressive Decarbonisation plan for the entire organization launched in 2018 against huge investments in plants, technology and Research & Development, which saw, among other initiatives, the industrial conversion of the hot area of the Trieste site, carried out in just two years with an investment of EUR 260 million.

The project ZERO IMPACT aims at eliminating the carbon footprint of the steel production by 2023. It is based on three pillars

1. Carbon Neutrality: Acciaieria Arvedi’s aim is to achieve carbon neutrality in 2023 and be the first carbon-free company in the world. This can be done by reducing direct emissions; by feeding the electric furnaces exclusively with power from renewable sources; by off-setting all the CO2 produced from the production and transport of materials, the whole cycle from supply to delivery.

2. Circular Economy: Acciaieria Arvedi’s production cycle is based on the electric arc furnace and is one of the most efficient examples of a circular economy. Steel is by far the world’s most recycled material: it can be recycled infinitely, without losing any of its original properties. The challenging goal for the next years is to reach a production based on more than 75% recycled materials by 2023.

3. Zero Waste: the main goal is to recover & recycle 99% of waste or processing residuals. This can be done by: using all slag in various fields of application; recovering of all spent refractories; re-using all ferrous by-products; recovering sludge from the water treatment plant, exploiting the energy and reusing them in the construction industry; implementing differentiated collection of all the types of packaging; recovering the pickling plant hydrochloric acid to be re-used in the same production cycle or for chemical industry.

voda 11 juli 2022 08:24

0

Tangshan to Become Centre of Hydrogen & Green Steel

Strategic Research Institute
Published on :
11 Jul, 2022, 6:53 am

China Dialogue reported that Tangshan city that produced 13% of China’s steel & 6% of the world’s output in 2021, announced on 29 June that it intends to turn itself into a hydrogen production hub for the Beijing-Tianjin-Hebei region. In its Tangshan Hydrogen Industry Development Plan, the city government set a target of building a CNY 5 billion industry for hydrogen technology development and downstream applications by 2023. To achieve that goal, it intends to attract three to five leading enterprises in the hydrogen industry to invest in Tangshan.

The city envisions its massive steel industry as the primary source of hydrogen, with green hydrogen made using renewable energy complementing this. Newly installed solar power plants in the city with a capacity over 100 MW are required to be built with equipment for producing hydrogen too. Tangshan will also support local steelmakers to build steel production projects that use direct reduced iron with hydrogen, seen as an important approach in the industry’s attempts to decarbonize, and help transform the steel capital into a centre of green metallurgy.

Located to the east of Beijing in Hebei province, Tangshan plans to capitalize on a rising demand for hydrogen, propelled by the development of fuel cell vehicles in the region. A pilot programme approved by the central government last year plans to put at least 5,300 fuel cell cars on the streets of the Beijing-Tianjin-Hebei region. Tangshan pledges to have 700 running on its own roads by the end of 2023.

voda 11 juli 2022 08:35

0

Metso Outotec to Supply Equipment to South American Iron Ore Mine

Strategic Research Institute
Published on :
11 Jul, 2022, 6:30 am

Metso Outotec has been awarded a major contract for the delivery of sustainable crushing, screening, and grinding technologies to Greenfield iron ore project in South America. The concentrator plant has a targeted production of premium pellet feed. The total value of the order is approximately EUR 45 million. The comminution circuit flowsheet developed for the new concentrator plant in cooperation with Metso Outotec represents the most sustainable technology currently available. Conventional horizontal mills have been replaced with the combination of HRCe high pressure grinding rolls and Vertimill grinding mills to achieve the best energy-efficiency with the lowest operating and life cycle costs.

Metso Outotec’s scope of delivery consists of the engineering, manufacturing, and supply of SuperiorTM MKIII Primary Crusher, HP SeriesTM cone crushers, HRCe HPGR high pressure grinding rolls, vibrating feeders as well as banana, horizontal and dewatering screens and Vertimill grinding mills. In addition, Metso Outotec will provide installation and commissioning advisory services and wear and spare parts.

By utilizing this flowsheet, the plant is expected to save 25% of installed power compared to a conventional HPGR/ball mill circuit and over 40% compared to a conventional SABC circuit.

voda 11 juli 2022 08:36

0

Guinea Orders Rio Tinto to Halt Work on Simandou Iron Ore Mine

Strategic Research Institute
Published on :
11 Jul, 2022, 6:30 am

Guinea’s ruling junta, which took power in a coup in September, has become increasingly impatient with Rio Tinto and other companies involved in the Simandou project. Guinea’s Mines Minister Mr Moussa Magassouba recently wrote to Rio Tinto and China backed SMB Winning Consortium, directing them to stop all work related to Simandou. The letter from the nation’s military rulers said the companies have shown an unacceptable lack of willingness to agree on a joint venture for funding the project’s transport infrastructure.

In March, it halted construction works on the mine and forced Rio Tinto and the SMB-Winning Consortium to establish a framework for the project’s infrastructure including a 670-kilometre railway line and a port.

The government’s intervention adds to doubts surrounding the timeline for developing Simandou, which is considered the world’s biggest untapped resource of the steel-making ingredient iron ore.

Rio Tinto has a 45% stake in a consortium that owns two of Simandou’s iron ore tenements. The SMB-Winning Consortium, made up mostly of Chinese entities, owns the other two.

Simandou is among the world's largest undeveloped, rich deposits of iron ore--the main ingredient in steel and has the potential to reshape the global market, which has long been dominated by exports from Australia and Brazil.

Bijlage:

voda 12 juli 2022 06:38

0

Tenaris Showcases CCSU Solutions to Indonesian Pertamina

Strategic Research Institute
Published on :
12 Jul, 2022, 4:40 am

World’s leading seamless pipe maker Tenaris and Indonesian state owned oil & natural gas firm Pertamina recently hosted an innovation drilling technology talk, focusing on carbon capture & storage in Jakarta in Indonesia with participation of 270 officials of Pertamina. Pertamina, which is developing the implementation of CCS and CCSU as one of the company’s strategies to reduce carbon emissions in two oil and gas fields namely Gundih and Sukowati, aimed to acquire knowledge from Tenaris about choosing the proper material and technology as it is looking to find the proper materials and surface facilities that will allow us to optimize these CCS and CCUS projects.

Tenaris Energy Transition project director Mr Paolo Novelli underlined Tenaris’s commitment to decarbonize targeting the reduction of carbon emissions by 30% by 2030. As CCUS is key to achieving carbon neutrality. From this perspective, Tenaris is investing in developing and testing materials and premium connections suitable for the specific challenges of underground CO2 storage. Tenaris’s strategy to achieve its 2030 medium-term targets include increased use of steel scrap, investments in energy efficiency and use of clean energy.

At Tenaris’s R&D full scale lab in Argentina, TenarisHydril Blue Dopeless premium connection in martensitic stainless steel were tested under extreme low temperatures, demonstrating its capability to maintain gas sealability even under extra low temperatures, thus confirming Tenaris product portfolio is well equipped to take on the latest challenges associated with CCUS injection wells.

voda 12 juli 2022 06:38

0

US Steel Production Capacity Utilization Dips Below 80% in Week 27

Strategic Research Institute
Published on :
12 Jul, 2022, 4:41 am

American Iron & Steel Institute announced that in the week ending on 9 July 2022, US’s domestic raw steel production was 1.748 million net tons while the capability utilization rate was 79.3%. Production was 1.862 million net tons in the week ending 9 July 2021 while the capability utilization then was 84.4%. The current week production represents a 6.1% decrease from the same period in the previous year. Production for the week ending 9 July 2022 is down 1.1% from the previous week ending 2 July 2022 when production was 1.767 million net tons and the rate of capability utilization was 80.9%.

Southern: 725 KNT

Great Lakes: 577 KNT

Midwest: 209 KNT

North East: 164 KNT

Western: 73 KNT

Adjusted year-to-date production through 9 July 2022 was 47.616 million net tons at a capability utilization rate of 80.5%. That is down 2.3% from the 48.761 million net tons during the same period last year, when the capability utilization rate was 80.1%.

voda 12 juli 2022 06:39

0

Baowu’s Masteel Machinery to Supply Structures to Big River Steel

Strategic Research Institute
Published on :
12 Jul, 2022, 4:41 am

Chinese steel giant Baowu announced that the steel structure project for the continuous hot dip galvanizing line was signed by its steel technology subsidiary Masteel Heavy Machinery with US Steel’s Big River Steel. The contracted project includes two vertical multi-layer frame structures in the galvanizing line, furnace body steel structure and APC cooling tower steel structure. The main material of the structure is a hot-rolled H-beam, and all the columns and beams are connected with high-strength bolts.

Masteel Heavy Machinery has started fabricating the equipment’s. It will be the first time for Masteel Heavy Machinery to enter the US market with Masteel brand hot-rolled H-beams in the form of steel structure products, when completed.

voda 12 juli 2022 06:39

0

Nippon Steel Engg Hands Over Coke Dry Quenching Plant to JFE Steel

Strategic Research Institute
Published on :
12 Jul, 2022, 4:42 am

Nippon Steel Engineering has completed construction of one coke dry quenching plant with maximum coke throughput of 80 tonnes per hour at JFE Steel’s East Japan Works in Chiba in Japan and has handed over the plant to JFE which has been started up and is now under operation. The Plant is designed to be environmentally friendly by minimizing dust emissions during coke conveying and cooling process to make it suitable for an urban steelworks. The plant cools red hot coke of approximately 1,000 degree Celsius, which is carbonized in a coke oven using inert gas within the cooling chamber and recovers sensible heat of red hot coke as steam in the waste heat recovery boiler where previously the sensible heat was diffused. Electricity generated by CDQ is environmentally friendly and clean energy. In comparison with conventional wet quenching plants, it is superior in three ways

1. Less dust generation when cooling coke

2. Less CO2 emissions through power generation by steam

3. Higher quality coke suitable for use in blast furnaces.

Although the project was implemented under various restrictions due to the COVID-19 pandemic, Nippon Steel Engineering avoided progress delays by revising our supply chain and establishing a remote manufacturing management system, which ended-up in achieving a smooth startup of the CDQ plant ahead of schedule.

Nippon Steel operates CDQ businesses not only in Japan but also internationally, such as in China, South Korea, Taiwan, Vietnam & India etc. The completion of this construction brings the total number of CDQ delivered by our group to 154 plants. All of the CDQ supplied have achieved high rates of operation and highly efficient power generation, being complimented from customers in Japan and international markets for their technical advantages and reliability which is backed by extensive track records as aforesaid, and project management capabilities that enable us to ensure the startup of plants on schedule.

voda 12 juli 2022 06:40

0

ShipBreaking Quieter in Monsoon Season in Indian Subcontinent

Strategic Research Institute
Published on :
12 Jul, 2022, 4:43 am

World's leading cash buyer of ships for recycling GMS said that “As we enter the traditionally quieter monsoon season, it is of little surprise to see recycling markets remaining inert and quiet, with rains & flooding hampering production at yards in Chattogram and Alang laborers returning to their hometowns as recycling activities come to a seasonal crawl. This may have inadvertently triggered the recent leveling of sub-continent steel plate prices as steel output diminishes and plate prices stabilize or firm in reaction. Although vessel prices have cooled off by USD 100 per LDT in the sub-continent markets and about USD 250 per tonne in Turkey, global recycling sentiments remain in the doldrums given the rate of the recent declines. As such, there is no surprise to see minimal activity emanating from all markets at present, including the respective waterfronts that are displaying the shoddy state of current affairs.”

GMS said “Notwithstanding, global currency depreciations remain the primary source of heartburn for the ship-recycling communities, as the worrying declines on steel prices seem to have comparatively stabilized and we hope it should start to show some signs of positivity in the coming weeks.”

GMS added “Whilst there still remains a degree of caution and a prevailing nervousness to buy in local markets, there are unlikely to be firm or serious offers for Owners and Cash Buyers alike, and this is part of the reason why even the marginal few candidates have started to dry up of late. Of course, all freight sectors continue to be positively poised as most Owners are now passing drydock on their aging beauties, rather than scrapping their older tonnage even when recycling rates are at historically firm numbers.”

GMS Price Assessment - India/Bangladesh/Pakistan – Week 27 – Unchanged WoW

Dry Bulk – USD 570-600 per LDT

Tankers - USD 580-610 per LDT

Containers - USD 590-620 per LDT

voda 12 juli 2022 06:40

0

BaoSteel Develops High Strength CR Steel for Home Appliances

Strategic Research Institute
Published on :
12 Jul, 2022, 4:43 am

Chinese steel giant Baowu announced that after nearly half a year of testing & technical verification, a high-strength hot rolled steel substrate for home appliances BJDX02 has been developed by BaoSteel and its downstream metal material processing units. BaoSteel has started commercial production of BJDX02 and supplies. Some leading Chinese home appliance enterprises put forward new requirements for the strength and thickness of refrigerator side and back plate materials in 2021 end to reduce the thickness by at least 10% while increasing the strength by more than 10%. Baosteel's technical service team took the lead in organizing the project evaluation and carried out multi-rounds of optimization in material composition design and hot rolling process, with clients’ technical processing capability taken into account.

Through repeated trial production of sample parts, and with continuous adjustment of both the hot-rolling process in Baosteel and the processing technology of the clients, the final product quality has been stabilized, and the performance and surface quality fully met the requirements. At present, Baosteel BJDX02 high-strength steel for household appliances as well as its processing procedures by clients has been finalized, and can later be supplied stably in batches.

voda 12 juli 2022 06:41

0

JFE Steel Acquires EcoLeaf Mark for Tinplate Products

Strategic Research Institute
Published on :
12 Jul, 2022, 4:44 am

Japan’s second largest steel maker JFE Steel Corporation has acquired EcoLeaf from the Sustainable Management Promotion Organization in Japan for tinplates, JFE Universal Brite laminated steel sheet and tin-free steel. Data visualization enabled by EcoLeaf will increase the transparency of environmental impact of JFE products. JFE Steel’s tinplate, laminated steel sheets, tin-free steel sheets, including those for beverage and food cans, are essential materials that support everyday life in diverse settings. Moreover, they offer excellent recyclability of as high as 94% for steel cans, allowing their steel material to be reused over and over in other products. In addition, the per-unit environmental impact of steel in manufacturing is extremely lower than that of other materials and thus steel is an essential material for the realization of a sustainable society.

Moving forward, JFE Steel intends to utilize EcoLeaf certification of its various products to promote global environmental conservation initiatives by customers as well as to strengthen transparent communications with customers.

EcoLeaf is a Type III environmental labeling system created in Japan for disclosing environmental information about products across all stages using life cycle assessment methodology. The system enables customers to quantitatively and objectively evaluate the environmental impact of products based on manufacturer data that has been confirmed fairly and reliably through third-party examinations and verifications. To support the EcoLeaf environmental labeling program, the Japan Iron and Steel Federation developed the Product Category Rule for calculating the environmental impact of products, for which it received authorization in August 2019. The PCR complies with the ISO 20915 and JIS Q 20915 standards, both of which account for recycling capacity when determining the quantitative environmental impact of steel products.

In May 2021, parent company JFE introduced its JFE Group Environmental Vision for 2050. As part of a broad-based initiative to achieve carbon neutrality by 2050, the group is actively expanding its initiatives to reduce CO2 emissions through more eco-friendly products. JFE Steel, in addition to reducing its own direct CO2 emissions, is committed to contributing to a more sustainable world by supplying high-quality, eco-friendly steel products.

voda 12 juli 2022 06:41

0

Mr Akhmetov to Seek Compensation from Russia for Damages

Strategic Research Institute
Published on :
12 Jul, 2022, 4:44 am

Interfax Ukraine reported that Ukrainian mining & steel group System Capital Management will demand compensation from Russia for assets destroyed due to military aggression in all possible international and national instances. System Capital Management founder Mr Rinat Akhmetov told German Tagesspiegel “We will unambiguously file claims against Russia in all international and national instances and we will demand proper compensation for all losses and lost business.”

System Capital Management enterprises are also trying to stop Russian theft of Ukrainian goods, in particular metallurgical products from Mariupol captured by Russian troops. Mr Akhmetov said “Right now, the Russian Federation is cynically loading Ukrainian steel on its ships in Mariupol. This is robbery and a blatant violation of international law.”

Ukraine’s richest oligarch & steel tycoon Mr Rinat Akhmetov had filed a lawsuit in June end against Russia in European Court of Human Rights citing grievous violations in Russia’s seizure of Ukrainian property and resources since the start of Moscow’s invasion in late February. MrAkhmetov’s System Capital Management group said that the lawsuit seeks relief for Russia’s blockading, looting, destruction and diversion of grain and metals. Mr Akhmetov had said “Russia’s crimes against Ukraine and our people are egregious, and those guilty of them must be held liable. Evil cannot go unpunished and those guilty of them must be held liable. These barbaric actions must be stopped, and Russia must pay in full. I believe in justice, and I am fighting for it. This lawsuit is one of the first international legal steps against Russia to stop their ongoing crimes, destruction of the Ukrainian economy and the plundering of Ukrainian assets.”

Kremlin spokesman Mr Dmitry Peskov had brushed off questions about Akhmetov’s lawsuit Monday, saying Russia had withdrawn from the court’s jurisdiction and would not recognize any of its rulings. He said “The answer here is completely obvious.”

The tycoon’s lawsuit comes after Ukraine’s justice department filed a separate suit at the same court last month seeking USD 80 billion in compensation from the Kremlin over the war.

A native of Ukraine’s eastern Donetsk region, one of the focal points of Russia’s ongoing invasion, Mr Akhmetov claims a number of steel manufacturing plants, coal mines and other businesses in eastern and southern Ukraine have been stolen by Russian forces since the start of its invasion in February. Metinvest has also reported serious damage to its assets, including the Azovstal steel factory in Mariupol, which was besieged by Russian forces in March and April as the city’s last Ukrainian forces sheltered there.

The company said that more than 234,000 tonnes of steel manufactured by its Ilyich Steel and Azovstal factories had been in storage when Russia’s invasion of Ukraine began, of which about 28,000 tonnes were already loaded onto four ships in the port of Mariupol. The company told the Financial Times that 2,500 tons of that steel had been taken by a Russian-owned ship to the Russian city of Rostov-on-Don.

voda 12 juli 2022 06:42

0

Pennar Industries Bags Major Orders in All Verticals

Strategic Research Institute
Published on :
12 Jul, 2022, 4:45 am

India’s leading Hyderabad based engineering products & solutions company Pennar Group has bagged orders worth INR 688 crores across its various business verticals. These orders have been received during the months of April, May and June 2022 and are expected to be executed within the next two quarters.

The PEB vertical has received orders from Siemens, Annora Pharma, Zim Laboratories, S R Ashok & Associates VK Udyog Pvt Ltd, Anthe Pharma, Tycon Infra, Expon Polymers and TPL First Solar

The USA vertical Ascent Buildings has received orders from Summit Building Systems, T&D Concrete, 84 Lumber, Bear IC, Hale Construction. Woodland Construction, Wakestone Corporation, Crescent Structures

The ICD vertical has received orders from Yamaha, Emerson, Endurance, Haldex, Wabco, Tecumseh, SI Airspring, Kone, Fujitech, Schwing Stetter, INEL, Hydraulics, Elkhart, Kone, Sicor and Venus

The Railways vertical has received orders from Integral Coach Factory, TI India, Wabtec, Oriental, Metlord and IGR

The Tubes vertical has received orders from ALF Engineering, Thermax, IFB Automotive, Hindalco, Kirloskar Toyota, Patton International, Interoll India, RSB Transmissions, Forbes Vyncke, GI Auto, Mahindra Defence Systems, Scott Industries and COETZ Technologies, RSB Transmissions and Toyota Boshoku Automotive.

The Steel vertical has received orders from Saint Gobain, Thermax, L&T MTHL, Tata Walkway, VECV, IFB Industries, L G Balakrishnan, Bimetal Bearings, Johnson Lifts, Schaeffler India Limited and Tube Investments.

Pennar Industries’ state-of-the-art manufacturing facility near Hyderabad is a sprawling 29,000 square meters resource zone with a production capacity of 90,000 tonnes per annum. The plant is equipped with high precision CNC machines to fabricate and supply quality-replete steel buildings.

voda 12 juli 2022 06:44

0

Hot Skin Pass Mill Starts at ArcelorMittal Mexico’s HSM

Strategic Research Institute
Published on :
12 Jul, 2022, 4:45 am

ArcelorMittal Mexico has recently announces the start-up of the Hot Skin Pass Mill station, within the Hot Rolling Mill, which will contribute to improving the quality and flatness of hot-rolled steel strips. ArcelorMittal Mexico CTO Mr Jorge Nieto said “We are very happy to reach today an important step in the advancement of our new rolling mill, thanks to the latest generation technologies in terms of flatness control, our new HSM has a hot skin pass mill that allows us to guarantee our customers full compliance with the elongation tolerances of the sheet, with excellent flatness performance and high surface quality.”

Flatness defects are common in the hot rolling process and are mainly characterized by waves along the length of the sheet. This waviness is caused by differences in elongation across the width of the steel strip during rolling, a defect that can be corrected through a cold process within the hot skin pass mill. In this process, the steel strip is subjected to differential elongations across the width, mostly in the narrow regions and less in the wavy regions. The result is a high-quality laminate in order to satisfy the most demanding needs of consumers, mainly in industries such as the production of containers, containers, cabinets and panels.

It should be noted that one of the objectives of the new rolling mill is to produce a wide range of sheets with a final thickness of 25.4mm to a minimum of 1.2mm, required by the different industries of the Mexican market, as well as the production of high-quality steels in low carbon, ultra low carbon, high strength low alloy, API grades, etc.

Bijlage:

voda 12 juli 2022 06:45

0

Italy’s SACE Supports CSN for USD 375 Million Loan for Mining

Strategic Research Institute
Published on :
12 Jul, 2022, 4:46 am

Italian export credit agency SACE has guaranteed a loan of USD 375 million, granted by a pool of banks led by BNP Paribas, as Agent, Bookrunner, and Policyholder, and composed of Mandated Lead Arranger BNP Paribas, Crédit Agricole Corporate and Investment Bank, Natixis Corporate & Investment Banking through its New York Branch and Société Générale Milan Branch. The loan is in favour of Companhia Siderúrgica Nacional Mineracao SA, which is active in iron extraction, processing, and sales. Numerous Italian companies will be involved in increasing the production capacity of the CSN Group, the second-largest exporter of Brazilian iron ore, thanks to SACE’s Push Strategy.

The SACE office in São Paulo in Brazil facilitated the closure of the transaction since it had already been in contact with the CSN Group for more than 5 years and had already launched a collaborative relationship that permitted them, after the COVID-19 crisis, to choose the best solution both for their business and for Italian companies. In fact, over the last 6 years, the CSN Group has already signed commercial contracts relating to supplies with 19 Italian exporters including various SACE clients, such as Matec, Paul Wurth Italia, Leonardo, and Bedeschi.

The loan contributes to the development of CSN Group’s investment plan over the 2021-2025 five-year periods. This provides for the construction of a new production site in Congonhas City in the state of Minas Gerais, industrial expansion projects for existing production plants, and the implementation of technology to increase the recovery of scrap material, with the aim of increasing the value of Italian imports.

The CSN Group, active in the steel sector since 1941, has a production capacity of 5.6 million tonnes per year of raw steel. In 2015, it purchased Nacional Ores NAMISA, the Casa de Pedra mine and the Tecar port, which is combined with the Sepetiba Tecon port, for an integrated activity. In addition, energy self-sufficiency is ensured through investments in 3 power plants and by the direct and indirect equity investment of 35% in the MRS Logistica capital, a JV with other local iron and steel companies Gerdau, Usiminas and Vale. This JV manages a long-term railway concession valid until 2026, which connects the CSN steelworks to the iron mine of Casa de Pedra and to the private port terminal, enabling competitive transport costs and greater operating efficiency. Secondarily, it operates in the production of cement and in the logistics and packaging sectors.

voda 12 juli 2022 06:46

0

JSPL’s Jindal Steel Odisha Secures SBI Loan for Angul Project

Strategic Research Institute
Published on :
12 Jul, 2022, 4:47 am

India Business Law Journal reported that Jindal Steel & Power Limited’s subsidiary Jindal Steel Odisha has secured a loan from the State Bank of India for INR 157.27 billion (USD1.99 billion). The funds will be used to establish an integrated steel plant at Angul in Odisha with a capacity of 6 million tonnes per annum at an estimated project cost of INR 224.68 billion.

Gravitas Legal assisted Jindal Steel Odisha in reviewing and finalizing the financing and security documents required between the company and the SBI. Gravitas founder & partner Mr Tanuj Sud told India Business Law Journal “It was a bit of a roller-coaster ride with constant to and fro on critical terms but it was an absolutely enriching experience. Towards the end of the deal, everyone worked at breakneck speed to ensure a smooth closure despite the short time frame and evolving market conditions. Given the multitude of terms and conditions in view of the scope and size of the funding, reconciling various aspects and balancing the interests of the borrower while adhering to the law and terms representing the overall framework for this financing was particularly challenging but, most importantly, extremely interesting.”

Cyril Amarchand Mangladas & Co acted as the legal counsel to the SBI. Partner and co-head of banking and finance Amey Pathak, partner Yash Jain, along with principal associate Arkoday Roy, and associate Soumya Khurana were the members of the deal team.

Vertraagd	26 apr 2024 17:37
Koers	23,750
Verschil	+0,210 (+0,89%)
Hoog	24,080
Laag	23,700
Volume	2.295.626
Volume gemiddeld	2.493.843
Volume gisteren	2.802.569

23 apr	Mondiale staalproductie daalt toch weer
16 apr	Deutsche Bank haalt ArcelorMittal van...	1
12 apr	Video: cyclische aandelen bieden kansen
09 apr	World Steel Organisation ziet vraag n...
22 mrt	Mondiale staalproductie in de lift
12 mrt	ArcelorMittal neemt groot belang in V...
05 mrt	Beursblik: experts vinden koerswinst ...
23 feb	Mondiale staalproductie daalt opnieuw
08 feb	ING: ArcelorMittal doet het beter dan...
08 feb	Fors verlies voor ArcelorMittal

Arcelor Mittal « Terug naar discussie overzicht

Nieuws en info hier plaatsen (deel 4)

Meedoen aan de discussie?

Direct naar Forum

Detail

ArcelorMittal nieuws meer