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voda 1 mei 2023 07:37

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Nucor Leads Coalition to Establish Global Carbon Emissions Standard

Nucor Corporation, a leading US based steel producer, has spearheaded a coalition of six steel companies and industry partners to develop a draft global standard to measure and report carbon emissions from steel companies. The Steel Climate Standard, developed by the Global Steel Climate Council, is a single, technology-neutral protocol that would apply equally to all steel producers globally. Nucor is renowned for producing steel by recycling scrap metal in electric arc furnaces, a process that emits less than half the global average of greenhouse gases and one third of the average blast furnace steel producer.

"The bottom line is that customers using steel from a recycled source are choosing to reduce the world's greenhouse gas emissions by a factor of two to four," said Mr. Greg Murphy, Executive Vice President of Business Services and General Counsel at Nucor Corporation, and Chair of the GSCC. "We have competitors making investments now to reduce their emissions in the future to levels Nucor already achieves today."

“The Steel Climate Standard would encourage a shift towards lower embodied carbon steel and accelerate greenhouse gas emission reductions in the industry, driving investment in lower emission technology. That is why we believe it is common sense to use a single steel standard that is focused on actual embodied carbon emissions and does not favor one technology over another," said Mr. Murphy.

The GSCC, founded by Nucor Corporation, is a coalition of steel manufacturers, associations, and other organizations in the steel supply chain with a presence in 79 countries around the world. Other organizations and companies are also proposing global emissions standards for the steel industry, but a dual standard that favors higher-emitting extractive steelmaking technology would delay making meaningful emission reductions in the sector. By establishing a global carbon emission standard for steel production, the industry can work together to optimize their operations and achieve their sustainability goals.

voda 1 mei 2023 07:37

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Steel Dynamics Joins Global Steel Climate Council

Fort Wayne-based Steel Dynamics has announced its support of The Steel Climate Standard, a technology-agnostic global standard created by the Global Steel Climate Council to measure and report steel product greenhouse gas emissions. This standard aims to provide a science-based target-setting framework to enable the industry to reduce carbon emissions.

The GSCC invited interested organizations to review the standard and submit comments, due by May 17, 2023. STLD is a founding member of the council, and Mr. Mark D. Millett, Chairman and CEO of Steel Dynamics, expressed his pride in the company's involvement. He said that lower-carbon steel is necessary for the transition to a lower-carbon global economy and the new standard would accelerate the reduction of greenhouse gas emissions.

The proposed Steel Climate Standard consists of two main components: product certification criteria and a science-based target-setting framework. The certification criteria will help customers identify steel products on the glide path to achieve the goals of the Paris Climate Agreement, while the framework is based on a 1.5°C scenario glide path for net zero GHG emissions by 2050, measuring all key GHG emissions from Scope 1, Scope 2, and Scope 3 categories.

Mr. Jeff Hansen, Vice President of Environmental Sustainability and GSCC Board Member, emphasized that The Steel Climate Standard would encourage innovation and investments in lower emission technology, further stating that the standard is a simple and understandable benchmark for reducing the steel industry's greenhouse gas emissions.

The GSCC is a non-profit organization that includes steel manufacturers, associations, and other organizations in the steel supply chain from 79 countries around the world. With Steel Dynamics' support, The Steel Climate Standard can be expected to have a significant impact on the steel industry's decarbonization efforts.

voda 1 mei 2023 07:38

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US Steel Reports Progress on $3 Billion Big River 2 Project

US Steel CEO, Mr. David Burritt, recently reported significant progress on the $3B Big River 2 project, citing its potential to shape the future of the company. The Big River Steel plant in Osceola, Arkansas, is one of the most technologically advanced steel mills in the world, producing steel using electric arc furnaces that consume less energy and produce fewer emissions than traditional blast furnaces. The adjacent Big River 2 expansion will build upon this technology, increasing production capacity and efficiency while maintaining a focus on sustainability.

Mr. Burritt's emphasis on sustainability aligns with US Steel's commitment to environmental responsibility and long-term viability. The company's sustainability goals include reducing greenhouse gas emissions and energy consumption, increasing the use of renewable energy, and implementing circular economy practices to reduce waste. The Big River 2 project is a key component of these efforts, as it will utilize cutting-edge technology to produce steel with a smaller carbon footprint.

Ms. Jessica Graziano, Vice President of Environment and Sustainability at US Steel, noted that the company's commitment to sustainability is not just about reducing environmental impact, but also about creating a more resilient and competitive business. By investing in sustainable technology, US Steel can reduce costs and increase efficiency while also contributing to a more sustainable future. The Big River 2 project is an important step in this direction, and US Steel's continued commitment to sustainability is a positive sign for the industry and the planet.

voda 1 mei 2023 07:44

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Potential buyers scramble to acquire struggling Hungarian steelmaker Dunaferr by submitting a non-refundable deposit.

Prospective buyers of the Hungarian steelmaker Dunaferr must submit their expressions of interest by 4 May 2023, along with a non refundable deposit of about €4mn to be considered, according to sources quoted in Hungarian media. Buyers will have to pay a percentage of their bid price as a refundable deposit in June.

The loss-making asset is under liquidation, and the Hungarian government and the plant's liquidator seek a prompt sale. The government guaranteed the supply of energy until March, but now it will be market-based. Carbon quotas remain uncertain for the site, as Dunaferr was removed from the EU emissions trading system for non-compliance in 2021.

The site's decarbonisation costs will have to be absorbed by whoever buys the facility. Environmental licenses will be part of the sale, but these will expire in 2027 and will not be extended for the present blast furnace-based technology. The plant's energy assets will not be part of the sale.

European and Turkish firms had shown interest before Liberty was awarded a tolling contract to run the mill until June, with the Hungarian government paying wages. Last year, Mr. Yuriy Ryzhenkov, CEO of Ukraine's Metinvest, wrote to Hungarian Prime Minister Mr. Viktor Orban expressing an interest in acquiring the facility.

voda 1 mei 2023 07:51

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US Extends Tax Evasion Probe Date on Vietnamese Stainless Steel Wires

The US Department of Commerce has announced that the deadline for the final conclusion on an anti dumping tax evasion investigation into stainless steel wires imported from Vietnam has been extended. The Vietnamese Ministry of Industry and Trade reported that the DoC will now issue its conclusion on May 24, 2023. The investigation was initiated by the US in February 2022, and last December, the DoC issued its preliminary conclusion on the case.

According to the Trade Remedies Authority of the Vietnamese Ministry of Industry & Trade, the department temporarily determined that stainless steel wire products made from materials imported from Korea are not evading the anti-dumping tax that the US is applying to similar Korean products.

The US's extension of the tax evasion investigation conclusion provides an opportunity for the Vietnamese government and steel enterprises to engage in more productive discussions and negotiations with their US counterparts. This extension will also give the Vietnamese industry time to further improve its production processes, enhance product quality, and explore new markets, strengthening its position in the global steel industry.

voda 1 mei 2023 07:51

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Shagang Sues Fosun for Steel Sale Contract Breach

Shagang Group, China's largest privately owned steelmaker, has filed a lawsuit against Fosun International, a Chinese conglomerate, alleging a breach of contract in the sale of Fosun's steelmaking assets. The lawsuit follows a rival bidder preempting the transaction. Shagang is demanding that Fosun honor the original agreement and complete the sale, which is worth $1.97 billion.

Fosun has issued a statement acknowledging the lawsuit and vowed to defend its position.

Shagang is one of the most innovative players in the Chinese steel industry, having developed new technologies to improve the quality and efficiency of steel production. The company has also implemented sustainable practices to minimize its environmental impact, such as reducing its carbon footprint and conserving water resources.

Meanwhile, Fosun International has diversified its business operations beyond the steel industry, including investments in finance, healthcare, and tourism. However, its steel business remains a key component of its portfolio, and the outcome of the lawsuit will likely have significant implications for the company's future plans.

voda 1 mei 2023 07:52

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G Steel & Nippon Steel Partner to Increase HRC Output in Thailand

Thailand’s leading steelmaker G Steel and Nippon Steel have announced a collaboration to increase the production of hot-rolled coil, as part of an effort to reduce imports and bolster the domestic steel industry. The agreement aims to achieve mutual benefits by combining G Steel's strengths in high quality steel production with Nippon Steel's expertise in advanced technologies and market expansion.

G Steel is expected to use the partnership to reduce imports of raw materials and improve cost competitiveness. The deal is also expected to increase the production of hot rolled coil, which is widely used in construction, automobile manufacturing, and other industries.

The pact is also significant for Nippon Steel, which has been expanding its operations in Southeast Asia in recent years. The collaboration is expected to help the Japanese steelmaker strengthen its position in the region and tap into the growing demand for high-quality steel products. The partnership is also in line with the Thai government's policy of promoting the development of the country's steel industry and reducing dependence on imported steel products.

voda 1 mei 2023 07:53

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Cleveland Cliffs & IAM Reach Tentative Labor Pact for Middletown Works

Cleveland Cliffs, a prominent North American flat-rolled steel producer, has announced a tentative labor agreement with the International Association of Machinists & Aerospace Workers Local 1943 for its Middletown Works steelmaking operation. This deal, effective May 15, 2023, will span four years and cover roughly 2,100 hourly employees.

This agreement, however, still requires ratification by IAM local union memberships.

Mr. Lourenco Goncalves, Cleveland-Cliffs' Chairman, President & CEO, emphasized the company's dedication to maintaining robust relationships with union partners and its employees' "strong and loyal workforce."

The Middletown Works facility is a fully integrated steel operation that produces various carbon and stainless steels used in the automotive and other industries. Its operations include carbon steel melting, casting, hot and cold rolling, and finishing.

voda 1 mei 2023 07:53

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Barrett Steel Proposes Closure of Aartee Rugby Site

Barrett Steel, a UK service centre, has announced its plan to shut down the Rugby distribution site of the previous Aartee Bright Bar business, along with the Bright Drawing business at Willenhall. The company bought Aartee Bright Bar and Aartee Bright Bar Property from administration for around £13 million in March. However, upon inspection, Barrett found that the assets were in a very poor state due to a lack of planned maintenance and investment by the previous owner. About half of the lifting equipment was condemned due to safety concerns.

Barrett is proposing to restructure the shape of the acquired business in line with current trading levels. Barrett said that allowing employees to work on dangerous and potentially injurious equipment is not acceptable. As such, the company is entering a consultation period with all affected employees to amalgamate the Sunderland office into Consett. At other distribution sites, including Bolton and Newport, the company will review manning levels and shifts.

The administrators of Aartee Bright Bar, Alvarez & Marsal, have surrendered the company's HGV O Licence, which is required by businesses that have vehicles carrying over 3.5 metric tons of goods. This surrender could cause further issues for the company's operations.

Before the acquisition, Aartee Bright Bar was owned by Mr. Ravi Trehan, who has sold the overriding Aartee business to his long-time associate Mr. Sanjeev Gupta. The main lender of Aartee Bright Bar, FGI, had found several breaches of its receivables purchase agreement before it fell into administration on 6 February. Since then, the business has lost customers to alternative supply routes, and Barrett is proposing to restructure the acquired business in line with current trading levels.

voda 1 mei 2023 07:54

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Edsal Files AD Duty Petition on Boltless Steel Shelving Units

Edsal Manufacturing has filed antidumping duty petitions on boltless steel shelving units prepackaged for sale from India, Malaysia, Taiwan, Thailand, and Vietnam, claiming that these shelving units are sold in the United States below normal value. They have requested the imposition of significant AD duties ranging 41% to 230% ad valorem.

Edsal alleges the following dumping margins exist
India – 215.77%
Malaysia –41.29% to 232.94%
Taiwan – 217.66%
Thailand –177.72% to 188.06%
Vietnam – 85.24% to 205.49%

If the US Department of Commerce determines that the alleged dumping is occurring and the US International Trade Commission determines that there is material injury due to the dumped imports, additional AD duties will be imposed.

Edsal’s 2014 petition on imports of similar products from China resulted in the imposition of AD duties of 17.55% to 112.68% and countervailing duties of 12.40% to 80.45%.

The scope of this investigation covers boltless steel shelving, with or without decks. The term “prepackaged for sale” means that the steel vertical and horizontal supports necessary to assemble a completed shelving unit are packaged together for ultimate purchase by the end-user. Add-on kits that allow the end-user to add an extension shelving unit onto an existing boltless steel shelving unit such that the extension and the original unit will share common frame elements, are also included in the scope of this investigation. Boltless steel shelving units may also come partially assembled. The boltless steel shelving covered by this investigation may be commonly described as rivet shelving, welded frame shelving, slot and tab shelving, and punched rivet (quasi-rivet) shelving, as well as by other trade names.

voda 1 mei 2023 07:55

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Bangladesh Steel Re Rolling Mills Back in Black

Bangladesh Steel Re-Rolling Mills has reported a strong rebound in its financial performance in the nine months through March 2023, thanks to soaring sales revenue and increased rod prices. The country's largest steel manufacturer, which accounts for over 25% of the market share, achieved a consolidated net profit of $4.7 million during the period, after incurring losses of $10.4 million in the first six months through December 2022.

The steel maker's sales revenue spiked by 65% year-on-year to $37 million in the January-March quarter, as it sold 60 grade rebar at $944 per metric ton at the mill gate since early March. The price adjustment was made to cover the abnormally high production costs, which soared 61% in the latest quarter. BSRM imports 90%of the scrap steel used, and the rising dollar price and fuel and energy prices have pushed up production costs, according to Tapan Sengupta, deputy managing director of BSRM.

The US dollar has appreciated by about 25%against the taka since the Russia-Ukraine war began in February last year. The stronger dollar pushed up net finance costs by over 11 times year-on-year in the nine months through March 2023.

BSRM is also facing difficulties in opening LCs for imports, which is preventing it from running at full capacity.

voda 1 mei 2023 07:55

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Weirton to Recognize Victims of Coke Plant Explosion with Memorial

United Steelworkers Local 2911 in Weirton, West Virginia, will commemorate the 50th anniversary of the coke plant explosion that claimed the lives of many workers with a worker's memorial. The event is aimed at paying tribute to the lives lost in the steel mill, and the victims will be remembered on a plaque with their names unveiled during the memorial.

The Health and Safety Coordinator of the union, Mr. Joshua Virtue, stressed the importance of the event as a way to acknowledge the progress made in the industry. He also mentioned the importance of the event in reflecting on the past and striving towards a safer future.

The coke plant explosion 50 years ago was a tragic event that shook the industry and took many lives. The names of the victims will be forever enshrined on the plaque, accompanied by bagpipes as a mark of respect and remembrance.

The Weirton coke plant was part of the Wheeling-Pittsburgh Steel Corporation, which eventually became a part of the Esmark Steel Group. The memorial serves as a way to pay homage to the legacy of those who have worked in the steel mills and the importance of prioritizing their safety.

voda 1 mei 2023 07:55

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ASEAN-6 Long Product Import & Export in 2022, Preliminary Data Review

The ASEAN 6 long product import and export for 2022 shows a mild increase of 2% in finished steel import and a decline of 5% in export. The import of Indonesia's long steel increased by 100,000 tonnes to 1.6 million metric tons in 2022, while the export dropped by 3%. The import of sections jumped 57% y-o-y, with half of it sourced from China. Malaysia's long steel import, however, stagnated, with a decline of 1% y-o-y to remain below 1.5 million metric tons. Bar import declined by 6.7% to 164,817 metric tons, whereas export declined by a double-digit growth rate of 14% y-o-y to 2.6 million metric tons in the same period.

Philippines' long steel import increased 7% y-o-y to nearly a million tonnes, with no export volume in 2022. Singapore's long steel import continued to recover, with a 13% y-o-y growth in 2022, and export jumped nearly 100,000 metric tons to reach 600,000 metric tons. Thailand's long steel import dropped 5% y-o-y to 2.1 million metric tons in 2022, while export increased by around 200,000 metric tons to 860,000 metric tons in the same period. Lastly, Vietnam's import of long steel stagnated at 1.36 million metric tons and export dropped by 14% y-o-y.

While there were moderate increases and decreases in the import and export volume of long steel in ASEAN-6, there were significant variations in the sources and destinations of the products. For instance, half of Indonesia's import of sections came from China, whereas Singapore's import of bars came from various countries, mainly from Malaysia, Oman, and Qatar. Moreover, the major market for Thailand's section was various countries, including Malaysia, Philippines, Singapore, New Zealand, Indonesia, and Hong Kong. The bar imports of Thailand and Malaysia also varied, with Japan, China, and South Korea being the major sources for Thailand's imports, and China being the main source for Malaysia's imports.

In conclusion, the preliminary data on ASEAN-6 Long Product Import and Export in 2022 showed some variations in the import and export volume of long steel products, with some countries experiencing growth, while others stagnated. However, the sources and destinations of these products varied significantly, which highlights the diversity of the region's trade relationships.

voda 1 mei 2023 07:56

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Pakistan Steel Mills Refuses SSGC’s Land Evaluation

The board of directors of the now defunct Pakistan Steel Mills has refused to accept the unilateral evaluation of its land by Sui Southern Gas Company due to delays in the resolution of legal concerns. The PSM board expressed “great concern” over the delay in issuing a No Objection Certificate for transferring PSM’s core operating assets to Steel Corp Private Ltd and non-withdrawal of litigation in a letter to the SSGCL last week.

To prevent any further delays in the PSM’s revival and privatization process, the board requested that the SSGC drop its lawsuit and provide the necessary NOC to transfer the PSM’s assets to the SCPL immediately. Any further delay, the letter warned, will force PSM to review its position and options.

The SSGCL had requested a final meeting with PSM’s management to finalize the settlement of the mills’ outstanding liabilities, which the gas company’s management estimated at Rs48 billion as of December 31, 2022. The differences became apparent after the SSGCL hired its preferred evaluator to value PSM’s 1,400 acres of land at a significantly lower price than the price determined by an independent evaluator jointly designated by PSM and SSGCL.

voda 2 mei 2023 07:15

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Tata in India gebruikt waterstofinjecties voor staal, IJmuiden kiest eigen route
Door THEO BESTEMAN

Gisteren, 22:06
in FINANCIEEL

AMSTERDAM - Tata Steel Group is in India begonnen met proeven om staal met waterstofgas te produceren. Dat waterstof, doorgaans nog grotendeels gemaakt van aardgas, moet de vervuilende steenkool vervangen bij zijn staalproductie. De uitstoot zou fors verminderen. Maar Tata Steel in IJmuiden laat deze techniek gaan.

Staalproductie draait op steenkolen, leveranciers zeggen waterstof als vervaning te zien. GETTY IMAGES

Tata Steel Group, een de belangrijkste staalmaker van India met een zelfstandig onderdeel in IJmuiden, test dit voor het eerst op grote schaal in zijn hoogoven in Jamshedpur, bevestigt het. Het injecteert continu 40% waterstofgas als vervanging, naar eigen zeggen een record in de sector.

BEKIJK OOK:
Activisten klimmen in hijskraan om te protesteren tegen ’ziekmakende gifwolken’ van Tata Steel

De huidige toevoeging van het waterstofgas kan het cokesgehalte met 10% verminderen, zo claimt het bedrijf. Er is volgens technici van het concern ruimte voor meer afbouw.

Concreet betekent dat volgens Tata Steel Group een vermindering van ongeveer 7 tot 10% van de CO2-uitstoot per geproduceerde ton ruw staal. Het levert jaarlijks 35 miljoen ton staal af. Na de proef van enkele dagen beoordeelt Tata, met vorig jaar $32,8 miljard omzet, mogelijk de uitbreiding van waterstofgas als injectie in zijn hoogovens.

Groene sprong
Tot nu toe is de grotere groene sprong, van steenkool als hittebron naar productie van staal met energie van zon- en windparken, voor volcontinu leveren van staal technisch nog niet haalbaar gebleken. Deze duurzame stroom van ’groene waterstof’, in tegenstelling tot grijze waterstof gemaakt van voornamelijk gas, biedt nog onvoldoende schaal om staal op industrieel niveau te kunnen smelten.

Staalbedrijven handhaven ook elders veelal kolen als brandstof, maar proberen de uitstoot van de productie te beperken.

Het Zweedse H2 Green Steel werkt aan de eerste staalfabriek in Boden waarbij groene waterstof wordt gebruikt. Die moet rond 2030 vijf miljoen ton groen staal kunnen produceren, waarvoor batterijfabriek Northvolt een waterstoffabriek heeft opgetuigd. Die zal uiteindelijk schone waterstof uitstoten, in plaats van de broeikasgassen. Het Duitse staalconcern Salzgitter ontving al €1 miljard subsidie voor het maken van staal met groene waterstof.

’Wezenlijk anders’
Tata Steel Nederland werkt in IJmuiden ook aan die overstap. Bij felle druk van omwonenden en milieuorganisaties, die deels via de rechter sluiting van de grootste CO2- uitstoter in Nederland proberen te bereiken, wil het groene stroom van windparken op de Noordzee betrekken. Directeur Hans van den Berg vroeg om €1 miljard overheidssteun voor de nieuwe werkwijze.

BEKIJK OOK:
Tata Steel hekelt verplichte camera’s: ’Stop met stelselmatige observatie’

De aanpak met waterstofgas die het moederbedrijf in India probeert, laat het zelfstandige concern in IJmuiden evenwel passeren. „We kennen de technologie, we delen over en weer. Dit is een wezenlijk andere techniek dan waar wij mee werken”, aldus een woordvoerder in IJmuiden. „In India werken ze eraan om de hoogovens milieuvriendelijker te maken voor productie van ruw ijzer. Onze hoogovens zijn al een van de meest energiezuinige. De enige overeenkomst is dat het allebei om waterstof gaat.”

www.telegraaf.nl/financieel/984345505...

Bijlage:

voda 2 mei 2023 08:01

0

Aramco, Baosteel & PIF Form JV for Green Plate Plant in Saudi

Aramco, Baosteel & PIF have recently signed a shareholders' agreement to establish an integrated steel plate manufacturing complex in the Kingdom of Saudi Arabia. The joint venture aims to create a facility that would be the first of its kind in the Kingdom and the GCC region, enhancing the regional steel industry ecosystem. The complex would be located in Ras al-Khair Industrial City, one of the four new Special Economic Zones

The project aims to enhance the domestic manufacturing sector by localizing the production of heavy steel plates, transferring knowledge, and creating export opportunities. The facility is expected to have a steel plate production capacity of up to 1.5 million metric tons per year

Additionally, the facility is equipped with a natural gas-based direct reduced iron furnace and an electric arc furnace, which can potentially reduce CO2 emissions by up to 60% compared to traditional blast furnaces. Furthermore, the DRI plant is designed to be compatible with hydrogen without the need for major equipment modifications, which could potentially reduce CO2 emissions by up to 90% in the future.

The steel plate complex is supported by the Kingdom's Shareek program for large companies, which aims to foster greater private-public cooperation, create jobs, and enhance the development of the Saudi economy by providing incentives for domestic investment.

voda 2 mei 2023 08:01

0

New CTO & CEO Take Charge at SMS Innovation Hub

SMS group, a renowned global player in the metals industry, has set up an Innovation Hub for future technologies as part of its commitment to a sustainable and climate-neutral industry. The organization is on a mission to accelerate tomorrow's technologies and take them to the market. To achieve this goal, SMS group has appointed new leaders for the hub.

Mr. Hans Ferkel, who has been a member of the Managing Board since 2019 and CTO, will take over as CEO of the SMS Innovation Hub. His successor as CTO will be Mr. Thomas Hansmann, an experienced technologist with extensive experience in the metallurgy business.

voda 2 mei 2023 08:02

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ArcelorMittal Brasil forms Partnership with MRV Arena

ArcelorMittal, the world leader in steel and the largest producer in Brazil, has secured a momentous partnership with the MRV Arena, art multipurpose arena in Belo Horizonte. The MRV Arena, which was inaugurated on April 15, boasts an impressive seating capacity of 46,200 people and is equipped with modern amenities to ensure a comfortable and memorable experience for visitors.

ArcelorMittal's contribution to the project is crucial, as its products were used in the construction of the stadium's foundations, support structures, and large prefabricated pieces in reinforced and prestressed concrete. The company's ready-made welded reinforcement solution was also utilized, with steel cut, bent, and reinforced to meet the project's specifications.

As part of the partnership, ArcelorMittal has been granted naming rights to the sector of the entire floor with boxes and lounges, making it the first company in the steel sector to secure such a deal in an arena. The five-year partnership also sees the company sponsor the BH Festival, an event that celebrates the stadium's inauguration.

Mr. Bruno Muzzi, CEO of Arena MRV, expressed his delight in securing the partnership with ArcelorMittal, stating that the MRV Arena was built to start a new era in football and events in Minas Gerais.

Meanwhile, Mr. Jefferson De Paula, president of ArcelorMittal Brasil and CEO of Longos and Mineração LATAM, expressed the company's pride in participating in a project that will become a reference for the culture, events, and sports sector in Brazil.

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voda 2 mei 2023 08:03

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Reliance Steel Acquires Southern Steel Supply

Reliance Steel & Aluminum has made a significant acquisition by acquiring all the outstanding equity interests of Southern Steel Supply, a metals service center that offers a range of products, including merchant and structural steel, pipe and tube, steel plate, ornamental products, and laser cut and fabricated parts. The terms of the transaction were not disclosed

Southern Steel, founded in 1961 and located in Memphis, Tennessee, supplies customers throughout Tennessee, Mississippi, Arkansas, Alabama, and Missouri.

The current management team will remain in place, and Southern Steel will operate as a subsidiary of Siskin Steel 7 Supply Company, a wholly owned subsidiary of Reliance. Siskin has also acquired the related real estate assets of Southern Steel.

voda 2 mei 2023 08:04

0

Danieli Upgrades Riva Brandenburger Elektrostahlwerke Rolling Mill

Danieli's recent upgrade of the Riva Brandenburger Elektrostahlwerke rolling mill is a testament to the trust Riva Group has in their technologies. The BES modernization project involved replacing four laying heads and pinch rolls at one time, resulting in a fast and efficient startup with high-performance achieved quickly.

The upgraded mill boasts four rolling lines that produce low, medium, and high carbon steel rounds and rebar, with diameters between 5.5 and 16 mm and into 1575-kg coils, at a capacity of up to 270 metric tons per hour.

The Danieli patented high tech oil film bearing units that replace the laying heads have been designed to reach speeds of up to 140 meters per secod with superior operational stability, optimal coil shape, and minimal maintenance.

Additionally, the latest generation of Danieli active pinch rolls equipped with Electro-Hydrostatic Actuators plays a crucial role in providing the optimal gap 7 force setting over the entire rolling period, thereby avoiding roll slippage and wear, leading to an increased ring lifetime.

The cooperation between Riva BES and Danieli technical teams has resulted in a customized solution that allowed the use of the main foundations while ensuring the constraints of the on-site activities, requiring a plant stoppage, were met.

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