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voda 20 juli 2022 07:24

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Sidenor Acquires Mecanizados de Cremalleras de Dirección in Spain

Strategic Research Institute
Published on :
20 Jul, 2022, 6:20 am

Sidenor has acquired Mecanizados de Cremalleras de Dirección, a production company of auxiliary car components which is specialized in manufacturing blanks for vehicle steering components. With this operation, Sidenor seeks to grow in the market by offering a wider range of high added value products. The company thus intends to increase its presence for customers which consume steel for vehicle steering systems. This operation will allow Sidenor to jointly access the market, unify its position therein and offer products and complete alternatives in order to fulfill the needs of current and potential customers.

Mecanizados de Cremalleras de Dirección, a company located in Jundiz in Vitoria in Spain, has been present in the market for 25 years and is specialized in the transformation of steel bars for steering racks through various cutting and machining processes.

Basauri Bizkaia headquartered Spanish steel company Sidenor is leader in the European steel industry for the production of special steel long products. It is also an important supplier of cold finished products in the European market. The company has production centers in Basque Country, Cantabria and Catalonia as well as business delegations in Germany, France, Italy and the UK. The company has highly specialized facilities offering solutions for all industrial sectors requiring high quality steel services. Sidenor’s steel production capacity exceeds one million tonnes annually, primarily destined to the automobile, machinery, capital equipment, railway, energy, mining and petrochemical industries.

voda 20 juli 2022 07:24

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Borusan Mannesmann to Supply Steel Pipes for Lolland-Falster Gas

Strategic Research Institute
Published on :
20 Jul, 2022, 6:22 am

Turkey’s leading steel pipe producer Borusan Mannesmann has won the line pipe supply tender organized by Denmark-based companies Evida Service & Energinet Teknik og Anlaeg. The line pipes will be used to transport biogas to industrial plants located on the Danish islands of Lolland and Falster. The total cost of the tender is around EUR 13.5 million. The pipes will be shipped from the company’s facilities in Gemlik this year.

Danish gas distribution company Energinet had decided to broaden to all relevant entry and exit point in the Danish gas transmission system. Energinet and Evida have commenced a project investigating the possibilities to establish a green gas grid on Lolland-Falster contributing to the green transition. The Green Gas Lolland-Falster project will facilitate transport of gas from Zealand to the sugar factories in Lolland and Falster in Denmark.

Celebrating its 60th anniversary in 2018, Borusan Mannesmann is the first industrial venture of the Borusan Group, one of Turkey's leading powers. Having a global vision since the first day it was founded, the company merged its activities with Europe's leading steel and technology company Salzgitter Mannesmann in 1998. Today, Borusan Mannesmann continues its activities as a reliable global brand with more than 2000 employees and more than 4,000 product types . With its 7 facilities in 3 continents and high sales volume, it is among the leading manufacturers in Europe and the world in the steel pipe industry.

voda 20 juli 2022 07:25

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MMK Reports 10% YoY Dip in Steel Production in H1 of 2022

Strategic Research Institute
Published on :
20 Jul, 2022, 6:25 am

Russian steel maker Magnitogorsk Iron & Steel Works announced decrease in hot metal production by 17% YoY to 4.318 million tonne in January-June 2022 due to lengthy overhauls in blast furnace production and negative market conditions. The volume of steel production decreased by 9.5% YoY to 6.063 million tonnes compared to 6 months of last year due to a decrease in demand against the backdrop of the current unfavorable situation in the metal products market. Sales of steel products across MMK Group amounted to 5.246 million tonnes, down 16% YoY due to lengthy equipment overhauls at the beginning of the year, export market restrictions, as well as a significant slowdown in business activity in Russia and difficult market conditions in the second quarter. Share of sales of premium products for 6 months. 2022 at the same time amounted to 45%.

Average selling prices for Q2 of 2022 rose by 16% QoQ to USD 1,023 per tonne, reflecting a significant strengthening of the Russian rouble vs the US dollar. Yet, rouble prices for metal products fell by 10% on the back of a significant drop in demand in Russia. In HI of 2022, average selling prices grew by 13% YoY to USD 947 per tonne, driven by more favorable market conditions at the start of the year compared to 2021.

The cash cost of slab for Q1 2022 rose by 29% QoQ to USD 528 per tonne amid stronger Russian rouble and high commodity prices. In HI 2022, the cash cost of slab grew by 29% YoY to USD 469 per tonne amid a rally in key commodities driven by global market trends.

Therefore, the Company's profit margins came under significant pressure in Q2 2022 amid low demand in the Russian market, challenging export market conditions, falling rouble prices for metal products and continued high prices for key raw materials.

The production of coal concentrate increased by 5% to 1.765 million tonnes as compared to the previous year due to an increase in MMK's demand for grades of coking coal from third-party suppliers.

voda 20 juli 2022 07:26

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USW Local 2724 Achieves Wage Pact with Algoma Steel

Strategic Research Institute
Published on :
20 Jul, 2022, 6:27 am

Mr David Helwig reported in Soo Today that United Steelworkers Local 2724 has achieved a tentative agreement with Canadian steel maker Algoma Steel Inc. Local 2724 is the steelmaker's second-largest collective bargaining group, with 500 members representing salaried office and technical professionals, front-line supervisors, shift coordinators, planners and retirees. Special membership meetings are planned for 21 July 21 at Quattro Hotel to present the memorandum of agreement. Voting by ballot will take place immediately after those meetings. Further voting will take place at the Local 2724 office on 22 July 22 & 25 July.

On 6 July 6, USW Local 2724 members had voted 95.1% in favour of a strike mandate expressing solidarity with the local's bargaining team.

Algoma Steel's largest collective bargaining group is United Steelworkers Local 2251, representing more than 2,000 hourly employees. On 4 July, Local 2251's membership voted 99% for a strike authorization. Local 2251 has summoned its members to special membership meetings on 27 July 27. If Local 2251 has reached a memorandum of agreement by that time, members will vote on it. If there is no memorandum, Local 2251 will vote on whatever recommendation is made by its negotiating committee.

The collective agreements are due to expire 31 July

Algoma Steel is an integrated primary steel producer located on the St. Marys River in Sault Ste Marie in Ontario Canada. Its products are sold in Canada and the United States as well as overseas. Algoma Steel was founded in 1902 by Mr Francis Clergue, an American entrepreneur who had settled in Sault Ste Marie.

voda 20 juli 2022 07:28

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Yuan Gaining Popularity in Port Side Iron Ore Trade in China

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

ECNS reported that a growing number of overseas mines are carrying out yuan settlement for spot trades at Chinese ports, which is not only helpful for the wider application of the yuan in commodity settlement but also illustrates the importance of the Chinese market to global miners. Australian iron ore conglomerate BHP saw its first shipment of yuan-based spot trade iron ore dock at a port in East China's Shandong province on 10 July. The vessel Vittoria loaded with iron ore from a mine in Western Australia arrived at Rizhao Port, China's major iron ore trading port, two weeks after departing Port Hedland. This demonstrates BHP's long-term commitment to the Chinese market, the largest iron ore importer in the world, and to the flexibility of its iron ore sales to better align customer demand with supply chain capability and support liquid and transparent markets to ensure the sustainable development of the iron ore market.

In April 2020, BHP agreed to a 100 million yuan sale with Chinese steel giant Baosteel and pledged to continue sales in yuan.

Yuan settlement of iron ore purchases shows how global miners value the Chinese market as global mining companies including Australia's Rio Tinto, BHP Group, Fortescue Metals, as well as Brazil's Vale, have all conducted yuan-denominated transactions in China during the past few years. Brazilian mining giant Vale SA started regular yuan-denominated spot trading in 2017. Rio Tinto, the world's second-largest iron ore miner, started iron ore spot trading through Chinese ports in 2019. The port-side transactions are all settled in yuan, contributing to about 14 million tonnes of the company's sales to China in 2021.

Carrying out yuan settlement for spot trades at ports will also reduce the use of the greenback amid possible economic risks brought by huge exchange rate fluctuations to Chinese steel enterprises.

voda 20 juli 2022 07:29

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British Business Bank Drops Guarantees of Greensill Loans

Strategic Research Institute
Published on :
20 Jul, 2022, 6:36 am

The Guardian has reported that in the latest blow, the British Government has dropped guarantees made on GBP 400 million of loans from Greensill Capital to companies linked to the embattled metals tycoon Mr Sanjeev Gupta. The state-owned British Business Bank said that it has terminated guarantees backing Greensill’s loans to large businesses after investigating its lending practices.

Greensill had lent GBP 400 million to companies owned by or linked to Mr Gupta in 2020 using the Coronavirus Large Business Interruption Loan Scheme, which benefited from an 80% government guarantee. Those guarantees were suspended by the British Business Bank last year while an investigation into Greensill’s compliance with the scheme was conducted. The Financial Times reported that the British Business Bank had written to the House of Commons’ public accounts committee to confirm that Mr Kwasi Kwarteng, the business secretary, had accepted its recommendation to terminate the guarantees permanently in April. The committee had said the loans to various Gupta-linked companies appeared to flagrantly contravened GBP 50 million cap on loans that Greensill could make to a single company.

The CLBILS loans are also being examined by the Serious Fraud Office, which last year launched an investigation into Gupta’s GFG and its financing arrangements with Greensill Capital.

voda 20 juli 2022 07:29

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China Mineral Resources Formed for Iron Ore Security

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

Bloomberg reported that China has created a state-backed iron ore company to oversee everything from huge mine investments in West Africa to buying the steelmaking material from global suppliers. China Mineral Resources was established on 19 July 2022 with a registered capital of CNY 20-billion (USD 3 billion). The company’s business scope covers activities including mining, ore processing and trading agent. The new entity will house outbound investments such as the Simandou iron ore project in Guinea, seen by China’s leaders as the best route to ease the steel industry’s reliance on Australian ore. It will also ideally become the sole channel for buying imported iron ore from third parties, most of which comes from either Australia or Brazil.

As per report “Former Chairperson of Aluminium Corporation of China Mr Yao Lin and Baowu’s Executive Vice-President Mr Guo Bin would lead the new group as Chairperson & General Manager.”

The establishment of the company marks China’s biggest effort yet to tackle what its officials have long argued is the excessive pricing power wielded by miners including BHP and Rio Tinto. China spent about USD 180 billion on iron ore imports in 2021.

Located in the southern Nzérékoré region of Guinea-Conakry, the Simandou mine holds the largest deposits of high-grade iron ore in the world of 2.2 billion tonnes with the potential of producing up to 150 million tonnes of iron-ore yearly. The development of Simandou iron ore in Guinea has repeatedly been delayed by legal disputes and government changes in the African nation. The reserve holds one of the world’s largest untapped reserves of iron ore and is divided into four blocks, with 1 and 2 controlled by the consortium backed by Chinese and Singaporean companies, while Rio Tinto and a joint venture between Chinalco & Baowu own blocks 3 and 4.

voda 20 juli 2022 07:31

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Nippon Steel Secures LNG Cargo at Record High Prices

Strategic Research Institute
Published on :
20 Jul, 2022, 6:45 am

Reuters reported that Japanese steel giant Nippon Steel has recently purchased a liquefied natural gas shipment at the highest price ever paid in the country amid growing fears of disruptions of LNG supplies from Russia. The report quoted sources as saying that Nippon Steel bought an LNG cargo for delivery in September at a price of USD 41 per million British thermal units, most likely supplied by a major trading house. The source said “Based on a standard Liquefied Natural Gas Carrier sized vessel, the cargo would cost USD 132-135 million depending on load tolerance.”

Competition to secure LNG cargoes has intensified since Russia's invasion of Ukraine. Europe is buying massive amounts of LNG, further increasing market tightness and elevating prices. Resource-poor Japan faces a historic energy security risk as tensions with Moscow intensify; heightening the threat of gas supply disruptions at a time when global supply is tight and spot prices are sky-high. Japan, a top LNG importer, relies mainly on long-term LNG contracts, which are usually much cheaper, but utilities have been forced into the spot market over the past few months to meet summer cooling demand amid above-average summer temperatures and concerns over Russian supply.

Russia has recently seized full control of the Sakhalin-2 gas and oil project in its far east, in which Shell & Japanese investors hold just under 50%.

Bijlage:

voda 20 juli 2022 07:35

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Steel Dynamics to Enter Aluminium with 650KT Rolling Mill

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

Fort Wayne Indiana headquartered steel maker Steel Dynamics Inc’s Board of Directors has authorized the company to construct and operate a 650,000 tonne low carbon, recycled aluminum flat rolled mill, with two supporting satellite recycled aluminum slab centers. The capital investment is estimated to be USD 2.2 billion for the three facilities, and commercial production is planned to begin in the first quarter 2025.

The planned USD 1.9 billion aluminum flat rolled mill will be located in the Southeastern United States, with an annual production capacity of 650,000 tonnes of finished products, serving the sustainable beverage packaging, automotive, and common alloy industrial sectors. The product offering will be supported by various value-added finishing lines, including CASH (continuous annealing solutions heat treating) lines, continuous coating, and various slitting and packaging operations. The rolling mill is currently expected to begin operations in the first quarter 2025. The company will own over 94% of the rolling mill facility through a joint venture arrangement with Unity Aluminum Inc, whose employees provide significant aluminum industry operating expertise to the project, complementing the company’s own proven extensive construction and operating talent.

At full capacity, the aluminum rolling mill will require approximately 900,000 tonnes of annual aluminum slab supply. The rolling mill is expected to have the capacity to supply approximately 50% of its recycled aluminum slab requirements onsite, with the remaining amount to be provided by the construction and operation of two additional satellite recycled aluminum slab centers, one to be located in the Southwestern United States and the other in North Central Mexico. The satellite slab centers will benefit from abundant regional aluminum scrap supply and cost-effective operations. The two facilities are expected to cost approximately USD 350 million in aggregate, with the Mexico facility expected to begin operations in 2024 and the US facility by the end of 2025. The company will own 100% of the satellite facilities.

The state of the art aluminum flat rolled mill will utilize a significant amount of aluminum scrap, and as such is also a complementary extension of the company’s metals recycling platform, which is the largest nonferrous metals recycler in North America. The company estimates the project will generate between USD 650-700 million of annual EBITDA on a through-cycle basis. The project will be funded with available cash and cash flow from operations, and the company plans to maintain its policy of strong shareholder distributions and investment grade credit ratings.

The North American flat rolled aluminum industry has a substantial and growing supply deficit estimated at over 2.0 million tonnes, based largely on increasing demand from the automotive and sustainable beverage can industries. The lack of aluminum flat rolled availability has impacted automotive producers’ ability to secure supply. The supply deficit is currently being addressed through imports of higher-cost aluminum flat rolled products, which exceeded 25% of North American consumption in 2021.

Steel Dynamics is one of the largest US steel producers and metals recyclers in the United States based on estimated annual steelmaking and metals recycling capability, with facilities located throughout the United States, and in Mexico. Steel Dynamics produces steel products, including hot roll, cold roll, and coated sheet steel, structural steel beams and shapes, rail, engineered special-bar-quality steel, cold finished steel, merchant bar products, specialty steel sections and steel joists and deck. In addition, the company produces liquid pig iron and processes and sells ferrous and nonferrous scrap.

voda 20 juli 2022 07:36

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CELSA Group Launches Hymet Project for Steel Decarbonization

Strategic Research Institute
Published on :
20 Jul, 2022, 6:54 am

Barcelona headquartered leading Spanish steel maker CELSA Group has launched the HYMET project that aims to study new technologies applicable in the steel industry for the revaluation of by-products of the process itself and decarbonization through the use of renewable raw material, like hydrogen. HYMET proposes the study and technological maturation of innovative solutions in three vectors of the future for decarbonization and industrial circularity such as: the recovery of industrial waste produced in rolling mills through an innovative reduction reactor that uses renewable reducing agents, the generation of green hydrogen through high efficiency electrolysis technologies and the study of CO2 capture and its integration again through electrolysis technologies for the generation of synthesis gas.

The HYMET project has an estimated total budget of EUR 5.8 million and has been supported by the Centro para el Desarrollo Tecnológico Industrial through the MISIONES call and has a grant of EUR 3.9 million. CELSA Group’s investment is of about EUR 2 million and the company receives a grant of EUR 1.2 million from the CDTI.

This initiative has been promoted by a group of leading companies in each of the technologies under study: TÉCNICAS REUNIDAS, AMES PM TECH CENTER SAU, ARIEMA Energía y Medioambiente and AE SA.

To strengthen greater chances of success in development, HYMET has the participation of important technological centers, leaders in the sectors covered by the project, such as the Institut de Recerca en Energia de Catalunya, various centers attached to the Consejo Superior de Investigaciones Científicas, such as the Instituto de Tecnología Química, the Instituto de Cerámica y Vidrio and the Laboratorio de Investigación en Fluidodinámica y Tecnologías de la Combustión, as well as the University of Huelva.

CELSA Group’s strategic objectives are to achieve complete circularity in the next five years and become a Net Positive company by 2040, ten years ahead of the European Union’s decarbonization forecasts. For this reason, for the circular steel production company, which currently generates around 70,000 tonnes per year of various by-products in its production process in Spain, of which about 90% are valued, HYMET opens a potential way towards its objectives in the medium and long term. After a first phase of study and technological maturation, CELSA Group will continue to invest efforts until the industrial deployment of the results obtained with this project.

voda 20 juli 2022 07:39

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ACWA Power Inks Pact with POSCO for Decarbonization

Strategic Research Institute
Published on :
20 Jul, 2022, 6:54 am

Riyadh Saudi Arabia based leading developer & operator of power generation, desalinated water and green hydrogen plants worldwide ACWA Power has signed a memorandum of understanding with POSCO Holdings, the holding company of South Korea’s POSCO Group. The agreement will involve the joint development of green hydrogen and its derivatives such as green ammonia, to decarbonize POSCO Group’s power generation, and its steel manufacturing processes, along serving other Korean clients of POSCO Group.

Green hydrogen and ammonia produced by the partners through new green field investments will support to meet POSCO Group’s ambitious targets to produce 500,000 tonnes of hydrogen globally by 2030. POSCO Group’s output will be used in applications across diverse industries including the company’s own power generation needs, construction, energy, and support other industrial off-takers in South Korea.

As of 2021, POSCO, the steel making company of POSCO Group, has the capacity to produce 42.9 million tonnes of steel, making it the sixth largest steel producer in the world, and the largest in its home country of South Korea.

ACWA Power, alongside Saudi Arabia’s NEOM and Air Products, is developing the first at-scale green hydrogen project in Saudi Arabia. When complete in 2026, the project will produce 1.2 million tonnes of green ammonia per year for the purposes of decarbonizing industries, making it the world’s largest facility of its kind.

voda 20 juli 2022 07:40

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BHP to Support Tata Steel in Blast Furnaces Green Transformation

Strategic Research Institute
Published on :
20 Jul, 2022, 6:54 am

Australian mining giant BHP has signed a Memorandum of Understanding with India’s leading steel maker Tata Steel, with the intention to jointly study and explore lower carbon iron and steelmaking technology. Under the partnership, BHP and Tata Steel intend to collaborate on ways to reduce the emission intensity of the blast furnace steel route with the use of biomass as a source of energy & application of carbon capture and utilization in steel production. BHP’s Chief Commercial Officer Ms Vandita Pant said “The partnership with Tata Steel highlights the importance of collaborations in being able to successfully identify and implement emission reduction technologies in steelmaking, including by developing abatements that can apply to the existing blast furnace process to incrementally reduce its carbon emissions intensity. India has invested heavily in the blast furnace route for steel production, and its crude steel output was 118 million tonne last year. It is, therefore, critical to innovate and demonstrate pathways to reduce emissions from the blast furnace, while alternative steelmaking pathways emerge and low carbon energy systems scale up.”

The partnership aims to help both companies progress toward their respective climate change goals and support India’s ambitions to be carbon neutral. The technologies explored in this partnership can potentially reduce emission intensity of integrated steel mills by up to 30%. Importantly these projects demonstrate how abatements applied to the blast furnace iron-making process, which contributes to more than 60% of India’s steel production, can materially reduce the carbon intensity of existing capacity.

Beyond these projects, BHP and Tata Steel have committed to a robust ongoing knowledge exchange that will see both parties explore further collaborations, ecosystems and business opportunities in the steel value chain, and the research and innovation sectors in both India and Australia.

A greener steel industry will be integral for India’s growth and decarbonization journey, and we intend to work hard with Tata Steel to enable this development and hopefully set a benchmark for others in the industry to emulate and learn from. Finding pathways to net zero for steelmaking is challenging and complex but we believe that by working with industry leaders like Tata Steel, together, we will find solutions more quickly to help reduce carbon emissions in steel production.” she added.

BHP has in recent years partnered with global majors POSCO, China Baowu, JFE Steel and HBIS Group to explore greenhouse gas emissions reduction from steelmaking. The combined output of the five steel companies in China, India, Japan and South Korea equates to around 13% of reported global steel production.

voda 20 juli 2022 07:42

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Vale Increases 2022 Iron Ore Guidance on Strong Production in Q2

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

increased 17% QoQ to 74.1 million tonnes in April-June 2022 quarter, mainly driven by the Southeastern and Southern Systems’ solid performance into the dry season. Northern System production improved 4% QoQ, benefiting from favorable weather seasonality with partial offset by one-off stockpiles homogenization activities in Ponta da Madeira to adjust for moisture levels. As a result of this one-off event, the sale of Midwestern System was 3.5 million tonne and in order to account for greater flexibility in our production due to current market conditions, Vale is revising its annual production guidance for 2022 to 310-320 million tonnes.

H1 of 2022 – Iron Ore

Northern System - 76.805 million tonnes, down 10.5% YoY

Southeastern System - 34.512 million tonnes, up 9.3% YoY

Southern System - 25.918 million tonnes, up 3.1% YoY

Paraopeba (Mutuca. FSbrica & others) - 10.978 million tonnes, down 2.1% YoY

Vargem Grande (Vargem Grande, Pico & others) -14.942 million tonnes, up 7.2% YoY

Iron Ore Production - 137.236 million tonnes, down 3.7% YoY

Iron Ore Sales - 116.665 million tonnes, down 5.8% YoY

Iron Ore & Pellets Sales -132.519 million tonnes, down 3.8% YoY

Nickel production was 24% lower QoQ mostly due to scheduled maintenance of our downstream facilities, which was partially offset by strong performance at Onça Puma. Mines operated in a steady pace through the quarter, with North Atlantic mines building up feedstock for planned mine-mill maintenance in 3Q22. Sales were largely in line QoQ as inventories built in 1Q22 were sold in 2Q22.

Copper production was in line with Q1 as the effect of Sossego SAG mill resumption in early June and stronger performance of Canadian mines were offset by both planned and corrective maintenance at Salobo plant. As a result of a longer-than-expected maintenance at Sossego mill and additional maintenance at Salobo mill identified for 2022, Vale is revising its annual production guidance for Copper to 270-285 kt.

voda 21 juli 2022 07:35

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US DOC Fixes AD Duty Rate for Steel Nails Imports from Oman

Strategic Research Institute
Published on :
21 Jul, 2.022, 6:14 am

The US Department of Commerce is conducting an administrative review of the antidumping duty order on certain steel nails from Oman covering 15 exporters and producers. US DOC has preliminarily assigned the sole mandatory respondent, Oman Fasteners, an antidumping duty margin based on the application of adverse facts available for the period of review of 1 July 2020 to 30 June 2021. In addition, US DOC preliminarily found that Astrotech Steels, Geekav Wires & Trinity Steel had no shipments during the POR. US DOC preliminary determined that the following estimated weighted-average dumping margins existed

Oman Fasteners - 154.33%

Non-Selected Companies -9.10%

Interested parties are invited to comment on these preliminary results.

On 13 July 2015, US DOC published the antidumping duty order on steel nails from Oman. On 7 September 2021 US DOC published a notice of initiation of the administrative review covering the following 15 companies: Airlift Trans Oceanic, Al Kiyumi Global, Al Sarah Building Materials, Astrotech; CL Synergy, Geekav, Gulf Steel Manufacturers, Modern Factory For Metal Products, Oman Fasteners, Omega Global Uluslararasi Tasimacilik Lojistik Ticaret, Overseas International Steel Industry, Swift Freight India, Trinity, Universal Freight Services and WWL Indian. Commerce selected Oman Fasteners as the sole mandatory respondent for individual examination in this review.

voda 21 juli 2022 07:36

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Worldsteel Highlights Small-Scale Steel-Built Solar Farm in-Africa

Strategic Research Institute
Published on :
21 Jul, 2.022, 6:19 am

Worldsteel said that off-grid renewable power generation, called Utility 3.0, could represent a new model for global power generation. Currently, the 48 countries that make up sub-Saharan Africa generate the same amount of power as Spain, despite having a combined population of 800 million. However, across the continent ambitious infrastructure projects are underway to tackle this issue. The West African Power Pool is expanding grid access across the region and establishing a common electricity distribution system among member countries. In the east, the Grand Ethiopian Renaissance Dam will add 6.45GW to the country’s national grid. Farther south, Angola is currently building seven large solar farms which will use a million solar panels to generate 370MW of power which will reach large cities and rural communities alike.

Projects of this nature require large-scale investment and access to materials and the region’s need for steel is only set to grow as infrastructure expands. This is as true for traditional energy generation, such as natural gas, as it is for renewable sources. For the swiftly urbanizing populations these massive projects represent game changers that will expand safe affordable access to electricity, but, for more remote locations, off-grid solutions are needed. Here’s where small-scale renewable power can play a significant role.

Viewed from near-earth orbit at night, the glittering hallmarks of industrialization are visible across large swathes of the planet’s surface. Almost everywhere the night sky is illuminated with steel-built lighting systems, marking the reach of technology and urbanization. However, several dark zones remain, with sub-Saharan Africa representing a majority of the global population currently lacking access to power. Around 600 million people are without grid electricity here and the expansion of energy infrastructure is lagging behind other regions. Reliant in places on localized, generator-based power that costs between three- and six-times what grid consumers pay, the impacts of this patchwork energy provision are far-reaching and fundamental. Sub-Saharan Africa has a rapidly growing and urbanizing population, but lack of access to electricity affects anything from education, with children being unable to read after the sun has gone down, to populations being unable to access life-saving vaccines due to lack of adequate refrigeration. Confronting energy poverty is crucial to meeting the UN’s sustainable development goals and that means expanding and diversifying electricity infrastructure and generation across the sub-Saharan region.

Technological alternatives to grid-based power have been steadily lowering in cost, with solar-powered lighting and improved batteries and highly efficient LED lights also helping expand access. Small-scale steel-built solar farms that can provide power for entire communities are also viable in a region which spans the so-called solar belt which spans the planet’s equator. This bottom-up approach to energy generation, referred to as Utility 3.0, represents an alternative and complementary system to traditional public utility models and may represent the future of the global energy transition.

Whether it’s region-spanning mega-projects or small-scale localized energy generation, steel-built technologies are going to play a vital role in transforming energy access in sub-Saharan Africa. This is crucial for tackling energy poverty, meeting the SDGs and transitioning to a more sustainable economic model.

voda 21 juli 2022 07:37

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Mechel Appoints Mr Alexey Fomenko as Head of Energy Division

Strategic Research Institute
Published on :
21 Jul, 2.022, 6:21 am

Russia's leading mining and metals company Mechel announced that Mr Alexey Fomenko, who previously held the position of General Director of Electroset, has been appointed in the management of the Group's energy division as Mr Denis Graf leaves the company.

Mr Fomenko graduated from Pavlodar State University with a degree in Power Plants. He was head of ChMK’s CHP electrical shop shifts till 2008, head of Mechel-Energo’s electrical shop till 2015, director of Electroset till 2018 & General Director of Electroset till 2022.

voda 21 juli 2022 07:37

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Ukrainian Parliament Allows Seizure of NKMZ Property

Strategic Research Institute
Published on :
21 Jul, 2.022, 6:23 am

Kyiv based Ukrainian industrial equipment maker NKMZ that the Verkhovna Rada of Ukraine has adopted resolution recommending that the Cabinet of Ministers of Ukraine urgently ensure interaction with the authorized person for the forced alienation or seizure of property under the legal regime of martial law or a state of emergency in NKMZ, which stopped production activities. Despite this, the company has been paying stipends to its employees for the fifth month.

Recently, NKMZ without any support from state bodies, at its own expense, carried out work on the development of new defense products and fulfilled all the requirements of its customers in full with the required quality. NKMZ said “Unfortunately, neither the Verkhovna Rada nor the Cabinet of Ministers was interested in what opportunities we have. Moreover, we offered Ukroboronprom, without any expenses from the budget, the development and production of products for the military. All attempts to reach the government offices about cooperation did not find understanding and interest.”

NKMZ added “The adopted decision only shows that those who brought such a proposal to the consideration of the Verkhovna Rada do not understand the work of complex machine building plants with highly intelligent design and modern technological processes. We are forced to remind once again that we are ready to cooperate with anyone in order to provide our army with modern, high-quality equipment for OUR VICTORY!!”

Novokramatorsky Mashinostroitelny Zavod is one of the largest heavy engineering enterprises of tailor-made production in Europe. The company has been successfully operating for 85 years in the market of metallurgical, mining, press-forging, sinking and tunneling, handling and specialized equipment. NKMZ equipment is operated in 79 countries, including France, Italy, Germany, and Japan.

voda 21 juli 2022 07:38

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Probe Begins into Fatal Incident at British Steel Scunthorpe Plant

Strategic Research Institute
Published on :
21 Jul, 2.022, 6:25 am

UK’s Health & Safety Executive is investigating the death of a 27-year-old British Steel woman worker in Scunthorpe plant after an incident on 16 July 2022. Health & Safety Executive said emergency services responded to reports of a fall from the height and the worker was sadly pronounced dead at the scene. After initial enquiries were made by the Health & Safety Executive and Humberside Police, it was established that HSE will lead the investigation into the circumstances of the incident. HSE principal inspector Jane Fox said “Our thoughts are with the family of the person who died. We are determined to understand the full facts of what happened on Saturday. Doing so may take time, but we will remain in close contact with the family.“

British Steel spokesman said “We are sad to confirm one of our colleagues tragically died at work on Saturday. Their family has been informed and our thoughts are with them and our colleague’s friends. We are helping the police and the Health & Safety Executive with their investigation.”

voda 21 juli 2022 07:38

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US Keeps AD Duty on Cold-Rolled Steel Imports from 5 Countries

Strategic Research Institute
Published on :
21 Jul, 2.022, 6:28 am

The US International Trade Commission has determined that revoking the existing antidumping and countervailing duty orders on imports of cold rolled steel flat products from China, India, Japan, South Korea, and the United Kingdom would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time, and that revoking the existing antidumping and countervailing duty orders on imports of cold-rolled steel flat products from Brazil would not be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time. As a result of the Commission’s affirmative determinations, the existing orders on imports of this product from China, India, Japan, South Korea, and the United Kingdom will remain in place. As a result of the Commission’s negative determinations, the existing orders on imports of these products from Brazil will be ended.

China - 265.79%

India - 7.60%

Japan - 71.35%

Korea - 6.32-34.33%

Russia - 13.36%

United Kingdom - 5.40-25.56%

The action is part of a five-year review process required by the Uruguay Round Agreements Act. The act requires the Department of Commerce to revoke an antidumping or countervailing duty order after five years unless the department and the ITC deem the order necessary.

The five year sunset review concerning Cold-Rolled Steel Flat Products from Brazil, China, India, Japan, South Korea, and the United Kingdom was instituted on 1 June 2021. On 7 September 2021, US ITC voted to conduct full reviews.

voda 21 juli 2022 07:39

0

Metinvest’s Plate Roller Spartan UK Report Profits in 2021

Strategic Research Institute
Published on :
21 Jul, 2.022, 6:31 am

UK based Ukrainian Metinvest’s Spartan UK revenue has soared by 83% YoY to GBP 252 million in 2021, following a year of strong demand. Pre-tax profit also rose to GBP 15.6 million, up from a loss of GBP 314,919 in 2020. During the period, steel prices of all products rose significantly as a result of strong demand.

Spartan UK said that “The war in Ukraine has disrupted the supply of raw materials to both Spartan and other European re-rollers which were supplied by the Metinvest Group. It has managed to source its materials from third party suppliers which is seen as a sustainable solution in the medium to long term. Disruption has resulted in a further price increase for raw materials; however, the sell price of the finished product has also risen, meaning satisfactory margins have been maintained. In 2022 Spartan UK is expecting continued demand across the markets. It is anticipated that customers will favor Spartan's supply during this year as the short lead times minimize their risks during this period."

Located in the Newcastle upon Tyne in North East of England, Spartan UK can produce 200,000 tonnes of high quality carbon steel plate per year.

Vertraagd	13 mei 2024 10:34
Koers	23,920
Verschil	+0,040 (+0,17%)
Hoog	23,930
Laag	23,750
Volume	213.929
Volume gemiddeld	2.541.425
Volume gisteren	2.942.344

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