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voda 12 juni 2023 08:24

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USW Advocate for Policies at Congressional Steel Caucus Meeting
By Strategic Research Institute on Jun 12, 2023 09:01 am

In a recent gathering with steel industry executives and members of the Congressional Steel Caucus, the United Steelworkers (USW) legislative director Roy Houseman made a resolute case for domestic policies that support the growth and vitality of the U.S. steel industry. The USW, a prominent labor union representing workers in various industries, including steel production, regularly engages with political representatives to champion their interests and address the concerns of steelworkers.

The Congressional Steel Caucus, a group of U.S. lawmakers dedicated to promoting the domestic steel industry, provides an important platform for the USW to advocate for policies that safeguard the well-being of steelworkers and the overall health of the industry. This collaboration enables the USW to influence legislation, regulations, and trade policies that have a direct impact on the steel sector.

Through their participation in the Steel Caucus, the USW strives to raise awareness about critical issues affecting the steel industry and push for policy changes that prioritize the interests of domestic steel producers and workers. The union actively supports measures such as fair trade practices, import restrictions, infrastructure investments, and the strengthening of domestic manufacturing capabilities.

voda 12 juni 2023 08:24

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Crawford Boots Partners with Industry Leaders for Green Steel
By Strategic Research Institute on Jun 12, 2023 09:00 am

In a groundbreaking collaboration, Crawford Boots, along with Molycop, UNSW SMaRT Centre, and AMGC, has embarked on a world-first project to manufacture "green steel." This innovative initiative aims to revolutionize the steel industry by utilizing discarded rubber tires as a substitute for coking coal in the steel-making process.

The partnership between Crawford Boots, the Australian steel manufacturer Molycop, the University of New South Wales' SMaRT Centre, and the Advanced Manufacturing Growth Centre (AMGC) marks a significant milestone in sustainable steel production. By replacing imported carbonaceous materials with recycled rubber, the project aims to drastically reduce greenhouse gas emissions associated with steel manufacturing.

The technology developed by the collaboration will have a profound impact on Molycop's operations. It is estimated that the new process will reduce their reliance on imported carbonaceous materials by up to 20%, resulting in a substantial decrease in power consumption and emissions. Additionally, the project will divert up to 90,000 discarded tires from landfills, contributing to a cleaner environment.

Penny Crawford, the founder of Crawford Boots, expressed enthusiasm about the project's outcomes. She emphasized how collaboration with a leading manufacturer and a research institution broadened their perspective and prompted them to reconsider the entire lifecycle of their products. By aligning their boots with polymer injection technology, they are contributing to the advancement of the manufacturing industry as a whole.

Dr. Veena Sahajwalla, the Director of the UNSW SMaRT Centre, highlighted the significance of collaborations between manufacturers and researchers in addressing environmental challenges and achieving commercial success. The partnership with Molycop proved the viability of polymer injection and its potential to create positive environmental outcomes on a larger scale.

The commercialization of the Green Steel Polymer Injection Technology marks a crucial step forward. By maximizing the use of rubber crumb as a carbon and hydrogen source in the steel-making process, the collaboration has developed an exportable product and process that can benefit global Electric Arc Furnace (EAF) steelmakers.

voda 12 juni 2023 08:24

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Labour Party Leader Visits British Steel to Address Challenges
By Strategic Research Institute on Jun 12, 2023 09:00 am

In a notable event, the leader of the Labour Party paid a visit to British Steel to engage in discussions regarding the significant challenges encountered by the steel industry in the country. The visit served as an opportunity to underscore the importance of a vibrant steel sector and emphasize British Steel's pivotal role in ensuring a secure supply of high-quality steel for future generations.

British Steel's operations in Scunthorpe, Teesside, and Skinningrove are instrumental in meeting the steel requirements for major construction projects in the United Kingdom. As the sole manufacturer of structural sections and the only company producing rail and special profiles in the country, British Steel plays a crucial role in supporting the domestic infrastructure. Moreover, the company directly provides numerous skilled and well-paid jobs, with an estimated 19,000 people employed in its supply chain.

During the visit, the Labour Party leader was apprised of Jingye's substantial investments in British Steel, amounting to £330 million over three years. The party leader was briefed on Jingye's commitment to transform the business through further planned investments, contingent upon the government's assurance of a competitive energy and carbon landscape in the UK.

British Steel's decarbonization strategy centers around its Low-Carbon Roadmap, which aims to establish low embedded carbon steelmaking within the country. However, the company emphasized the critical need for the UK government to adopt appropriate policies and frameworks promptly to support their journey towards becoming a clean, green, and successful enterprise. Delayed implementation of such policies in comparison to countries with major competitors could negatively impact British Steel's competitiveness and hinder the UK's progress in meeting carbon objectives.

Ongoing discussions with the government highlight British Steel's commitment to manufacturing the homegrown steel necessary for future generations. The Labour Party leader expressed his unwavering support for the steel industry, emphasizing its integral role in a modern economy. The party's plans encompass backing, securing, and nurturing the steel industry to create high-paying and productive jobs across the nation for generations to come.

Furthermore, the party's Green Prosperity Plan includes investments in technology, innovation, and increased demand for UK steel through initiatives such as turbine and railway construction, as well as carbon capture infrastructure.

The visit also facilitated discussions between the Labour Party leader and representatives from the steelworkers' union, including Community's National Officer, Alun Davies. The focus of these discussions centered on Labour's comprehensive plans to deliver a decarbonized steel industry as part of an ambitious industrial strategy. Recognizing the importance of the steel industry to the UK, the party emphasized the necessity for greater government support in enabling steelmakers to transition to environmentally sustainable practices while competing on an equal footing with EU producers.

The visit to British Steel was attended by Ed Miliband MP, the Shadow Secretary of State for Climate Change and Net Zero, and Sir Nic Dakin, further highlighting the significance of the discussions and the Labour Party's commitment to addressing the challenges faced by the steel industry.

voda 12 juni 2023 08:25

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USITC Initiates Investigations on Boltless Steel Shelving
By Strategic Research Institute on Jun 12, 2023 09:00 am

The United States International Trade Commission (USITC) has made a determination that raises concerns about the importation of boltless steel shelving units prepackaged for sale from India, Malaysia, Taiwan, Thailand, and Vietnam. The USITC believes that these products are being sold in the United States at less than fair value and may be causing material injury to the U.S. industry.

As a result of the affirmative determinations, the U.S. Department of Commerce will proceed with its investigations into these imports, specifically focusing on the issue of preliminary antidumping duty. The preliminary duty determinations are expected to be announced around October 2, 2023. The USITC's public report on this matter, titled "Boltless Steel Shelving Units Prepackaged for Sale from India, Malaysia, Taiwan, Thailand, and Vietnam," will provide comprehensive insights into the investigations and the views of the Commission.

Boltless steel shelving units prepackaged for sale are widely used for storage purposes in various settings such as homes, basements, garages, offices, and commercial or industrial operations. The "boltless" system of assembly, which relies on rivets or protrusions, allows for easy and tool-free construction of the shelving units. These units, packaged with all the necessary components, are available in different sizes and configurations, with or without shelves.

The USITC's investigations were initiated in response to a petition filed by Edsal Manufacturing Co. Inc., based in Chicago, Illinois. The investigations aim to assess the impact of these imported products on the U.S. industry. In 2022, there were two U.S. producers of boltless steel shelving units, with plants located in California, Illinois, Indiana, Pennsylvania, and Tennessee. The investigations will also consider the imports of these products from India, Malaysia, Taiwan, Thailand, and Vietnam, which are identified as the leading sources.

voda 12 juni 2023 08:25

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Cemtrex to Bolster AIS Industrial with Pennsylvania Acquisition
By Strategic Research Institute on Jun 12, 2023 09:00 am

Cemtrex Inc., an advanced security technology and industrial services company, has made an exciting announcement regarding its strategic expansion plans. The company has entered into a definitive agreement to acquire a prominent service contractor and steel fabricator, specializing in the industrial and water treatment markets. This synergistic acquisition will allow Cemtrex to broaden its fabrication capabilities, venture into new markets, and expand its customer base into government and industrial verticals.

Founded in 1988 in Central Pennsylvania, the service contractor focuses on steel fabrication and contracting, primarily catering to the commercial and industrial water treatment industry. Their expertise lies in providing fabricated vessels and equipment, including ASME pressure vessels, heat exchangers, mix tanks, and reactors, to the water treatment industry. Additionally, their contracting team assists with installation and servicing of fabricated items. With a manufacturing facility spanning over 33,000 square feet and a skilled workforce of fabricators, welders, and field mechanics, the company has established itself as a reputable player in the industry.

Saagar Govil, Chairman and CEO of Cemtrex, expressed his enthusiasm about the acquisition, stating, "This acquisition of an established contractor in a growth market is highly synergistic with our Advanced Industrial Services ('AIS') subsidiary." Govil highlighted the potential for expanding fabrication capabilities, entering new markets, and broadening the customer base to include government and industrial sectors that are currently untapped. The increasing demand for water treatment systems and services, driven by factors such as aging infrastructure, water scarcity, and stringent environmental regulations, further adds to the growth prospects of the acquired company.

The acquisition brings in an impressive annual revenue of over $11.6 million, with an average adjusted EBITDA of approximately $775K over the last four years. In addition to the immediate boost in revenue, Cemtrex anticipates creating significant value and driving future growth through this acquisition. The strategic move aligns with the company's expansion strategy for its Industrial segment and marks the first of potentially more acquisitions in the future.

voda 12 juni 2023 08:25

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Aceroteca Metals Breaks Ground on Service Center in Seguin
By Strategic Research Institute on Jun 12, 2023 09:00 am

In a significant development, Aceroteca Metals LLC has commenced the construction of a state-of-the-art metal service center in Seguin, Texas. The 59,000-square-foot facility, situated on a sprawling 23-acre site, will play a vital role in the handling of steel coils, offering cutting and slitting services to transform them into steel sheets for downstream processing.

With an estimated project cost of $10 million, this initiative is expected to generate a minimum of 20 full-time jobs. The completion of the construction is slated for spring 2024, followed closely by the commencement of operations.

Aceroteca Metals specializes in flat steel products, catering to a wide range of industries, including automotive, heavy industry, commercial, HVAC, white line, metal and mechanical, and construction applications. This metal service center will further enhance the manufacturing capabilities in Seguin and contribute to the city's economic growth.

M.C. Rogers, the chief operating officer of Aceroteca, expressed the company's enthusiasm in bringing its operations to the United States. Aceroteca already operates two plants in Monterrey, Mexico and is building a similar location in Seguin, Texas. Rogers highlighted the favorable conditions for manufacturing growth in the Seguin area, with three of the city's five largest employers being manufacturers.

voda 12 juni 2023 08:25

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Galvanized Steel: Decision Postponed by Anti-Dumping Commission
By Strategic Research Institute on Jun 12, 2023 09:00 am

Australia's Anti-Dumping Commission has decided to postpone the announcement of the final ruling on the sunset review of zinc-coated (galvanized) steel anti-dumping duties. The extension was requested by the Deputy Commissioner Investigations to assess the impact of submissions received in response to the commission's analysis and findings. The final report and recommendation to the Minister will now be made by 22 June.

The sunset review, which began in August last year, focuses on anti-dumping measures against specific goods under HS codes. The current anti-dumping duties on galvanized steel imports from China, South Korea, and Taiwan range from 0% to 28.2%, while countervailing duties imposed on Chinese exports range from 0% to 22.8%.

The decision to extend the deadline highlights the complexity of the review process and the importance of considering all relevant factors before making a final ruling. This delay provides an opportunity for a thorough assessment of the submissions received, ensuring that the decision reflects a comprehensive understanding of the market dynamics and potential impacts on domestic industries.

voda 12 juni 2023 08:26

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Revolutionary Aluminium Alloy Coatings for Steel Structures
By Strategic Research Institute on Jun 12, 2023 09:00 am

Steel, the paramount metallic construction material worldwide, is prized for its mechanical properties, availability, and affordability, making it indispensable in numerous building and infrastructure projects. However, when left unprotected, steel falls prey to oxidation and subsequent deterioration, characterized by tell-tale signs of damage such as cracking and rusting, especially in moisture-rich environments.

To extend the service life of steel products and meet safety requirements by preventing material failure, safeguarding against corrosion is crucial. In pursuit of this objective, the European Research Fund for Coal & Steel (RFCS) has allocated a generous sum of AU$434,000 to RMIT Europe for their participation in ALCOAT, a groundbreaking 42-month research project.

ALCOAT endeavors to develop two novel families of aluminium alloy coatings, offering a sustainable alternative to zinc galvanisation. By harnessing recycled aluminium destined for landfill, this project aims to combat the brittleness caused by iron and magnesium contamination, rendering the aluminium unusable for many applications. Astonishingly, these very impurities make it the perfect candidate for creating a robust steel coating, as they effectively prevent oxide formation.

This strategy of reusing existing scrap materials not only sets ALCOAT apart but also addresses a sustainability issue rather than a performance problem. While zinc remains widely used and highly effective in shielding steel from corrosion, its recycling process poses significant challenges. Utilizing scrap aluminium negates the energy-intensive mining and processing of virgin zinc, thereby alleviating the associated environmental costs.

The revolutionary aluminium alloy coatings developed by ALCOAT will find application in the protection of wind towers, ships, and other structures exposed to seawater and atmospheric conditions. Furthermore, they will enhance steel sheet products in industries such as automotive, building, and home appliances. The computational modeling for designing these coatings will integrate various multi-scale approaches based on material modeling and molecular chemistry, led by RMIT and the Institut Català de Nanociència i Nanotecnologia (ICN2) in Barcelona, respectively.

Compared to traditional coating development processes, the proposed procedure by ALCOAT is highly innovative and advanced, promising a significantly reduced development timeline and cost savings. The anticipated benefits of these aluminium alloy coatings include lower corrosion rates, reduced risk of hydrogen embrittlement (common with high-strength zinc coatings), and their lightweight and sustainable nature due to the reduced use of primary raw materials. By contributing to improvements in the safety of steel constructions, ALCOAT aims to become a powerful tool for enhancing other metal coating systems and bolstering the circular economy.

voda 12 juni 2023 08:26

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voestalpine's Advanced Special Steel Plant Nears Commissioning
By Strategic Research Institute on Jun 12, 2023 09:00 am

After four years of construction, the voestalpine Group has successfully completed the special steel plant at its Kapfenberg site, heralding a new era in steel production. Hot commissioning tests commenced at the end of the business year 2022/23, paving the way for the gradual full operation of the plant during 2023/24. With an annual capacity of approximately 205,000 tons, this cutting-edge facility will cater to the aerospace, oil and natural gas, automotive, and toolmaking industries, setting new standards in digitalization and sustainability.

To mitigate the delays encountered during construction, the Group subsidiary voestalpine BÖHLER Edelstahl increased its own contribution to the project, ensuring a rapid ramp-up of production. However, this decision may lead to a potential cost overrun of up to 30% from the initial planned investment of EUR 350 million, as previously reported.

In the business year 2022/23, voestalpine made significant investments totaling EUR 922 million, a 30% increase compared to the previous year. These investments primarily focused on technical optimizations to enhance existing plant and equipment, as well as replacement investments. By prioritizing technological advancements and maintaining a forward-looking approach, voestalpine continues to strengthen its position as a leader in the steel industry.

voda 12 juni 2023 08:26

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MMK-Coal in Talks to Acquire Tikhov Coal Mine
By Strategic Research Institute on Jun 12, 2023 09:00 am

In a significant development in the Russian coal mining industry, MMK-Coal, a division of MMK Group, is currently engaged in negotiations to acquire the Tikhov coal mine from Industrial Metallurgical Holding (IMH), according to industry sources. The Tikhov underground mine, located in the Kuznetsk Basin, is adjacent to the Nikitinskoye hard coal deposit being developed by MMK-Coal.

While both IMH and MMK Group have declined to comment on the negotiations, sources have confirmed that talks are underway, although the deal has not yet been officially announced. The Tikhov mine is a crucial asset for IMH, currently responsible for around half of the company's coal production. However, IMH's strategic focus has shifted towards the metallurgical segment, prompting the decision to sell the coal asset.

The potential acquisition of the Tikhov coal mine by MMK-Coal highlights the company's intent to strengthen its position in the coal mining sector. With existing coal assets, including the Kostromovskaya and Chertinskaya-Koksovaya deep mines and a washing plant in Belovo, MMK mines approximately 40% of its coal requirements. The addition of the Tikhov mine would enable MMK-Coal to consolidate its operations and potentially optimize investment activities.

The outcome of these negotiations will have significant implications for the Russian coal and metallurgical markets. IMH's decision to divest its coal asset aligns with its focus on developing a robust raw material base and implementing innovative and environmentally friendly technologies in the metallurgical sector. The deal is expected to reduce operating costs and optimize investment activity while addressing the group's debt structure.

voda 12 juni 2023 08:27

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MoIT Extends Deadline for Antidumping Ruling on Steel Cables
By Strategic Research Institute on Jun 12, 2023 09:00 am

Vietnam’s Ministry of Industry and Trade (MoIT) has announced an extension for the decision on the implementation of anti-dumping measures on prestressed steel cables imported from Malaysia, Thailand, and China. The Trade Remedies Authority of Vietnam (TRAV) will conduct a thorough investigation and is expected to issue a ruling by July 5.

In accordance with Article 70, clause 2, of the Law on Foreign Trade Management, the MoIT has the authority to decide whether an investigation should be conducted within 45 days of receiving a valid dossier. In exceptional circumstances, the decision-making period can be extended by up to 30 days. Decision No. 1327/QD-BCT, issued by the MoIT, grants an additional 30-day extension for the investigation.

TRAV received a dossier from a domestic manufacturing enterprise on April 7, requesting an investigation into the application of anti-dumping measures on prestressed steel cable products with high export value from Malaysia, Thailand, and China. On April 20, TRAV validated the completeness and legality of the dossier through Official Letter No. 29/TB-PVTM, in accordance with the Law on Foreign Trade Management.

The extension of the deadline provides ample time for TRAV to thoroughly analyze the case file and associated information. The investigation will focus on determining the necessity and feasibility of implementing anti-dumping regulations for the imported prestressed steel cable products. This process ensures fair trade practices and protects the interests of the domestic manufacturing industry.

voda 12 juni 2023 08:27

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Solar Steel Empowers IM2 with 27 MW of Cutting-Edge Trackers
By Strategic Research Institute on Jun 12, 2023 09:00 am

Solar Steel, a leading manufacturer of trackers and fixed structures for the solar industry, has joined forces with IM2 Energía Solar to deliver 27 MW of state-of-the-art TracSmarT+ 1V trackers in Spain. This collaboration represents a significant milestone in Spain's journey towards sustainable energy and reinforces the country's position as a global leader in renewable power generation.

The installation of Solar Steel's TracSmarT+ 1V trackers will provide IM2 Energía Solar with advanced technology to maximize the efficiency and performance of their solar projects. These cutting-edge trackers utilize innovative design and intelligent tracking algorithms to optimize the capture of solar energy throughout the day, significantly increasing the overall energy output of the systems.

By embracing Solar Steel's advanced tracking solutions, IM2 Energía Solar demonstrates their commitment to harnessing the full potential of solar energy. The use of solar trackers allows for the precise alignment of solar panels with the sun's movement, ensuring optimal exposure and energy generation. This not only enhances the overall efficiency of the solar installations but also contributes to a substantial reduction in carbon dioxide (CO2) emissions, further mitigating the environmental impact of energy production.

Spain, with its abundant sunshine and favorable regulatory environment, has emerged as a global frontrunner in renewable energy adoption. The partnership between Solar Steel and IM2 Energía Solar not only strengthens Spain's position in the renewable energy landscape but also accelerates the country's transition towards a greener and more sustainable future.

The implementation of 27 MW of TracSmarT+ 1V trackers marks a significant step towards achieving Spain's renewable energy goals. These cutting-edge trackers will enable IM2 Energía Solar to harness the maximum potential of solar irradiation, optimizing energy production and contributing to the country's clean energy targets. Moreover, the reduced dependence on fossil fuels and the corresponding decrease in CO2 emissions further solidify Spain's commitment to combating climate change and achieving a carbon-neutral economy.

voda 12 juni 2023 08:28

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voestalpine’s Outlook for Business Year 2023/24
By Strategic Research Institute on Jun 12, 2023 09:00 am

The business year 2022/23 concluded on a positive note, defying predictions of an economic decline. The global sentiment remains upbeat due to the successful containment of the COVID-19 pandemic, eased supply chain pressures, and reduced reliance on Russian energy sources in Europe. However, ongoing geopolitical tensions, inflation persistence, and interest rate hikes pose challenges.

While central banks prioritize fighting inflation, their policies may eventually dampen economic growth. Outlooks for different economic regions and market segments vary significantly. The coming months will reveal the impact of China's shift from a strict zero-COVID policy on economic growth in the business year 2023/24. Rising interest rates in North America and Europe are expected to slow demand for voestalpine's products.

Consumer goods, white goods, and construction industries are likely to experience subdued growth. The automotive sector should remain stable, supported by existing orders and improved supply chains. Demand in the conventional energy sector is projected to be good but not reach previous record levels. Conversely, the renewable energy and aerospace industries are expected to maintain their upward trajectory.

The railway infrastructure market segment is anticipated to demonstrate stability and long-term growth due to investment needs and the global climate action trend. Assuming no major economic disruptions or escalation scenarios, voestalpine AG's Management Board forecasts EBITDA between EUR 1.7 billion and EUR 1.9 billion for the business year 2023/24.

voda 12 juni 2023 08:28

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Caldwell Distributor Simmers Crane Equips Majestic Steel Sites
By Strategic Research Institute on Jun 12, 2023 09:00 am

Caldwell distributor Simmers Crane Design & Services has recently supplied a range of specialized material handling equipment to Majestic Steel's new facility. The collaboration between Caldwell and Simmers Crane ensures efficient and precise handling of steel coils and sheets at the site, supporting Majestic Steel's expansion plans in the construction and manufacturing sectors.

The equipment delivered includes nine coil grabs with a capacity of 60,000 lbs. each. These coil grabs feature a 'lock-out' limit switch to prevent accidental opening while the load is suspended and an anti-clamp touch plate that protects the coils during lifting operations. Additionally, two 20,000-lbs. capacity sheet lifters and five 60,000-lbs. capacity C-hooks were provided to facilitate various material handling tasks at the facility.

The material handling equipment will be used in conjunction with 14 32.5-ton capacity double girder electric overhead traveling (EOT) cranes manufactured by OMi Crane Systems Inc. All the overhead lifting technology is operated remotely, ensuring optimal control and safety during operations. The facility, equipped with state-of-the-art processing equipment, is expected to be fully operational later this year.

Devon Poling, assistant branch manager and sales engineer at Simmers Crane, highlighted the telescoping feature of the coil grabs, which allows for handling coils of different diameters and widths. This versatility enables the equipment to be used across multiple cranes throughout the facility. Despite the complexities involved in the project, including intensive work and tight manufacturing timelines, all parties involved successfully met the challenges and delivered the equipment on time.

Majestic Steel, with nine locations across the United States, specializes in stocking and processing prime flat rolled steel for various industries, including construction, HVAC, agriculture, and transportation. The new facility in Hickman, Arkansas, aims to provide optimized supply chain solutions to customers in the southern part of the country. Larry Seafler, facility supervisor at Majestic Steel, expressed excitement about the completion of the Arkansas facility, highlighting its strategic position for serving customers in the growing construction and manufacturing markets.

voda 13 juni 2023 08:25

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Green Premium Reflects Increasing Demand for Low-Emission Steel
By Strategic Research Institute on Jun 13, 2023 10:30 am

The European market sees a stable premium for green steel in the domestic flat product sector, reflecting rising demand for low-emission materials. European steelmakers are investing in green steel projects to meet regulations and cut emissions. Demand, especially from the automotive industry, is expected to continue growing.

European steelmakers have been offering carbon-accounted hot-rolled coils using various methods such as electric-arc furnace production, hydrogen and fossil-free fuel production, mass balance calculations, or the application of carbon credits and offsets. However, some buyers are hesitant to pay extra for material that doesn't have certified lower emissions. Steelmakers have sought premiums ranging from €100-300 per metric ton for HRC with CO2 emissions below 2.1 metric tons per metric ton of steel produced. Mills are willing to accept low premiums or even close to zero to encourage more buyers to engage with these new products.

Buyers have been cautious and awaiting guidance from the European Commission before making such purchases. Those who have made deals for carbon-accounted HRC have paid premiums in the range of €50-100 per metric ton. Steelmakers like Arvedi, ArcelorMittal Spain, SSAB, and Salzgitter have been actively offering certified carbon-accounted HRC through various production routes.

Platts, a division of S&P Global Commodity Insights, launched daily carbon-accounted HRC steel assessments in May. These assessments reflect trade in HRC with certified carbon emissions of 2.1 metric ton of CO2 or less per metric ton of steel produced, excluding offsets or voluntary carbon credits. The assessments consider emissions from various activities throughout the steel production process, including mining, processing, hot metal production, and transportation (Scopes 1, 2, and 3).

The Northwest Europe HRC Carbon-Accounted Steel Premium (CASP) assessment provides an all-in price for carbon-accounted steel in the region. While different production routes result in varying CO2 emissions, market participants generally agree that the 2.1 metric ton of CO2 per metric ton of HRC represents the current "low-carbon" threshold for blast furnace production. As electric-arc furnace production, hydrogen-based processes, and fossil-free production increase, this threshold is expected to decrease further. The Platts assessments aim to bring transparency to the carbon-accounted steel market and provide relevant price data.

voda 13 juni 2023 08:25

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Baowu & Rio Tinto Collaborate to Advance Low-Carbon Steel Projects
By Strategic Research Institute on Jun 13, 2023 10:27 am

China Baowu, the world's largest steelmaker, and Rio Tinto, the world's largest iron ore producer, have signed an MoU to explore new projects aimed at decarbonizing the steel value chain. The collaboration includes initiatives such as developing low-carbon steelmaking technologies and optimizing ore processing methods.

The companies plan to research, build and demonstrate a pilot-scale electric melter for low-carbon steel production in China. They will also optimize pelletisation technology for Australian ores, expand the development of China Baowu's CO2 emissions reduction technology, and explore opportunities for producing low-carbon iron in Western Australia.

This collaboration builds upon the longstanding partnership between China Baowu and Rio Tinto and their shared commitment to sustainability and addressing climate change. Both companies will contribute resources and expertise to advance these projects.

China Baowu and Rio Tinto aim to play a leading role in the steel industry's low-carbon transformation. They recognize the importance of developing a low-carbon pathway for low-to-medium grade iron ores, which account for the majority of global iron ore supply.

The collaboration between China Baowu and Rio Tinto demonstrates their dedication to promoting high-quality green development and addressing the challenge of climate change. By pursuing these innovative projects, they aim to provide comprehensive low-carbon solutions for the steel value chain and support the global transition to a greener future.

voda 13 juni 2023 08:25

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Ovako to Inaugurate Fossil-Free Hydrogen Plant for Steel Heating
By Strategic Research Institute on Jun 13, 2023 10:25 am

Swedish steel production is poised to embrace sustainability with the forthcoming inauguration of the world's inaugural plant dedicated to producing fossil-free hydrogen for heating steel prior to rolling. On September 5th, 2023, Ovako, the leading European steel manufacturer and a major steel recycler in the Nordic region, will open its hydrogen plant at the Hofors mill, which will also be Sweden's largest electrolysis facility.

Historically, heating processes in the steel industry have heavily relied on fossil fuels, posing a significant challenge for Ovako's ambitious goal of achieving zero emissions. Leveraging the unique resources of the Nordic region in the form of fossil-free energy, Ovako has undertaken an innovative hydrogen project. The launch of this project in September will mark a momentous chapter in Sweden's steelmaking history. The hydrogen plant in Hofors will pioneer the heating of steel with fossil-free hydrogen prior to rolling, a groundbreaking initiative that holds immense potential for substantial global emission reductions. The international interest in this endeavor has been remarkable.

Currently, the electrolyzer plant is being installed at Ovako's facility in Hofors, with completion anticipated in early autumn 2023. The 20-megawatt plant will generate 3,880 cubic meters of fossil-free hydrogen per hour. Beyond heating steel, this clean hydrogen can fuel trucks powered by fuel cells, while the excess heat produced can contribute to district heating in nearby communities.

Ovako is committed to ensuring that the impact of this facility is felt from day one through strategic collaborations with partners such as the Volvo Group, Hitachi Energy, H2 Green Steel, and Nel Hydrogen. This initiative is supported by the Swedish Energy Agency, with the shared objective of establishing cross-industry utilization of fossil-free hydrogen, enhancing understanding of its potential, and achieving cost-effective production.

Marcus Hedblom, CEO and Group President of Ovako, underscores the significance of collaborative efforts that transcend industry boundaries and prioritize solutions with immediate climate benefits. Ovako has already reduced its CO2 emissions by 57% since 2015, and as the first steel company to demonstrate the feasibility of heating steel with fossil-free hydrogen prior to rolling, they are one step closer to achieving zero emissions in steel production. By 2030, Ovako aims to utilize local hydrogen production in all of its rolling mills, provided there is a reliable supply of fossil-free electricity.

voda 13 juni 2023 08:26

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Alfa Laval to Use SSAB Green Steel in Heat Exchangers
By Strategic Research Institute on Jun 13, 2023 10:23 am

Alfa Laval, a leading provider of heat transfer, separation, and fluid handling solutions, is partnering with SSAB, a steel company focused on sustainability, to incorporate SSAB Zero™, a unique fossil carbon emission-free and recycled steel, into its heat exchangers. This collaboration marks a significant milestone in the journey towards achieving a global carbon-neutral supply chain.

By integrating SSAB's sustainable steel into Alfa Laval's heat exchangers, the partnership aims to reduce the carbon footprint of the entire value chain. The use of fossil carbon emission-free, recycled steel produced through renewable-based processes is a key step towards achieving a more sustainable and environmentally friendly future.

The initial phase of the collaboration will involve delivering over 100 heat exchangers this year, with even more planned for the coming years. These heat exchangers will be deployed in various applications, including HVAC, data centers, and process industries, to improve energy efficiency and reduce emissions.

SSAB Zero™ is a groundbreaking product with zero fossil carbon emissions in its operations. This includes purchased energy and transportation, with less than 0.05 kg CO2e emissions per kg of steel in scope 1 and 2. SSAB follows market-based emission factors for electricity and ensures the use of fossil-free electricity through guarantees of origin. By using only recycled steel as raw material, SSAB Zero™ supports the circular economy and avoids engaging in carbon emission offsetting activities.

Alfa Laval, in addition to incorporating fossil-free steel, has set a target to become carbon neutral by 2030. The company aims to eliminate emissions throughout the entire lifecycle of its products, from raw material extraction to end-of-life. To further reduce its carbon footprint, Alfa Laval is implementing recycled carbon black in its gaskets, resulting in up to 5% reduced CO2 emissions compared to conventional gaskets.

voda 13 juni 2023 08:26

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thyssenkrupp CO2 Reduced Steel Powers Sustainable Solar Energy
By Strategic Research Institute on Jun 13, 2023 10:20 am

thyssenkrupp Materials Processing Europe is revolutionizing the renewable energy sector by supplying CO2 reduced steel to König, a renowned manufacturer of solar installation mounting systems. This partnership aims to promote sustainable power generation through the use of environmentally friendly materials.

Solar energy plays a crucial role in the global transition to cleaner energy sources. While solar plants produce no harmful emissions during operation, their production phase contributes to CO2 emissions. thyssenkrupp Materials Processing Europe is determined to minimize these emissions by providing CO2-reduced steel to König for the production of solar mounting systems starting in May 2023.

To ensure an efficient expansion of solar energy, it is essential to reduce the energy amortization time associated with production processes. thyssenkrupp Materials Processing Europe, based in Lower Saxony, leverages its expertise to deliver customized, CO2-reduced slit strips, along with meticulous documentation of the steel's CO2 footprint from production to delivery.

The steel used is the bluemint® recycled grade from thyssenkrupp Steel Europe, produced in Duisburg, offering a remarkable 64% reduction in CO2 intensity for solar profiles. König will incorporate this CO2-reduced steel into their solutions for sustainable planning and construction in drywall applications.

Meiko Fiedler, the Managing Director of thyssenkrupp Materials Processing Europe, expresses satisfaction in providing customers with an environmentally friendly solution for the production of special profiles using CO2-reduced steel. State-of-the-art profiling equipment ensures precise and efficient production, resulting in stable, durable, and reliable solar mounting systems that enable customers to adopt a sustainable approach and reduce their environmental footprint.

thyssenkrupp Materials Services employs a Certified Product Carbon Footprint Calculator, endorsed by the international classification society DNV, to calculate the exact CO2 emissions of each supplied product, from production to delivery. This transparency enables the identification of greenhouse gas impacts throughout the supply chain, empowering König and its partners to optimize their value creation processes for maximum sustainability.

voda 13 juni 2023 08:26

0

Beltrame and Alperia: Advancing Decarbonisation Efforts
By Strategic Research Institute on Jun 13, 2023 10:18 am

AFV Beltrame and Alperia have forged an enduring alliance to confront the multifaceted intricacies of decarbonization and bolster energy efficiency. This formidable partnership has yielded a momentous triumph in the form of Chalibria, an impeccably eco-friendly and carbon-neutral certified steel.

The invaluable support extended by Alperia has played an instrumental role in the realization of this extraordinary feat, epitomizing their unwavering dedication to sustainability.

AFV Beltrame has introduced Chalibria, a novel green steel brand, with the objective of promoting sustainable development and combatting climate change. The ultimate aspiration of Chalibria is to attain carbon neutrality, promote circularity and uphold a resolute dedication to sustainability.

The emblem of the brand, comprising three interlocking C's, embodies its fundamental principles of Carbon neutrality, Circularity, and Commitment.

Chalibria name is steeped in history and symbolism. Derived from the Latin word chalybs, meaning iron, the name pays homage to the ancient blacksmiths of Anatolia who are credited with inventing steelmaking.

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

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