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voda 22 april 2022 06:47

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Universal Stainless Cites Recovery in Aerospace Demand

Strategic Research Institute
Published on :
22 Apr, 2022, 5:07 am

Bridgeville Pennsylvania headquartered Universal Stainless & Alloy Products Inc has reported that net sales for the first quarter of 2022 were USD 47.6 million, an increase of 10.0% from USD 43.2 million in the fourth quarter of 2021 and 28.4% higher than net sales of USD 37.0 million in the first quarter of 2021. Sales of premium alloys increased 26.9% in the first quarter of 2022 to USD 8.9 million, or 18.8% of sales, compared with USD 7.0 million or 16.3% of sales, in the fourth quarter of 2021. The net loss for the first quarter of 2022 was USD 1.6 million as compared with a net loss of USD 1.6 million in the fourth quarter of 2021. The Company’s EBITDA for the first quarter of 2022 was USD 3.8 million while adjusted EBITDA was USD 4.2 million.

Universal Stainless & Alloy Products Chairman, President & CEO Mr Dennis Oates said “Recovery in aerospace demand continued in the first quarter, which included a 17% sequential increase in aerospace sales and a 27% increase in premium alloys. Our year-over-year sales to aerospace customers were up 35% from the first quarter of 2021. Aerospace demand drove the exceptional growth in our backlog, which rose by more than USD 67 million, or 50%, from the record fourth quarter of 2021, to reach a new record of USD 201.8 million at March 31, 2022. A full 25% of that backlog consisted of premium alloys, mainly for aerospace applications. Recovery in aerospace demand is being driven by increasing airplane build rates and expanding order books at airplane manufacturers, supported by the accelerating come-back in air traffic, as COVID-related travel restrictions have eased in many parts of the world.”

Universal Stainless produces semi-finished and finished specialty steel long products and plate including stainless steel, tool steel, bearing steel, gear steel and aircraft quality low alloy steels. These can be manufactured into a wide variety of grades and product forms.

voda 25 april 2022 06:38

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Stainless Keg Supply Chain Firms form Global Steel Keg Association

Strategic Research Institute
Published on :
25 Apr, 2022, 3:11 am

Stainless steel kegs’ reusability and 30+ year lifespan make them the ideal circular choice for bars and restaurants. This fact makes steel kegs a vital part of the beverage industry and is the catalyst for the formation of the new Steel Keg Association. The Steel Keg Association is a marketing-focused non-profit organization, on a mission to help increase the volume of beer and other beverages served from stainless steel kegs. The Association’s founding members represent a diverse collection of leaders in the global steel keg supply chain: BLEFA GmbH, Hillebrand Gori, Micro Matic, MicroStar Logistics, Schaefer Container Systems, and THIELMANN.

Steel kegs are truly one of the best examples of reusability and circularity, with decades of reuse potential. In the US, compared to single use containers, steel kegs save over 400,000 metric tonnes of greenhouse gases and keep roughly 500,000 tons of packaging out of landfills each year. Circularity is just part of the story of kegs. The Steel Keg Association’s education programs will also highlight that steel kegs deliver bulk liquids driving superior economic benefits for bars and restaurants. Additionally, marketing programs will showcase how consumers and brewers appreciate the uniquely “fresh” draft beer experience.

The Steel Keg Association’s efforts will be focused on the US beer market initially, expanding to the UK and Western Europe later in 2022.

voda 29 april 2022 07:48

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SMS to Start Jindal Stainless Kalinganaagar BF 1 by 2023 End

Strategic Research Institute
Published on :
29 Apr, 2022, 5:20 am

Leading technology supplier SMS group has been chosen by Jindal Stainless Limited to build a new blast furnace at their Kalinganagar unit in India. The blast furnace will have a production capacity of 2 million tonnes of hot metal per year. The contract for the equipment, to be designated Blast Furnace Number 1, was signed between SMS group company Paul Wurth & Jindal Stainless Limited in November 2021. The scope of agreed work includes the blast furnace, hot blast stoves, a dry gas cleaning plant, a pulverized coal injection and an INBA slag granulation plant, to be supplied on an Engineering and Procurement basis. The commissioning of the new plant is expected by the end of 2023

This blast furnace will be the first in the JSL’s new stainless steel complex, which is currently based on electric arc furnace technology. The new blast furnace will be the core of JSL’s Kalinganagar plant expansion. With an inner volume of 2,307 cubic meters, the furnace will be equipped with modern copper and cast iron staves, two tap holes with complete TMT machines, and a 46 cubic meters MIDI central feed Bell-Less Top.

Furthermore, a number of auxiliary plants will be installed, including internal combustion stoves incorporating all the latest efficiency improvements, a fully dry gas cleaning system of axial cyclone& bag filter and an INBA slag granulation plant based on cold water technology.

All the units will be connected to a Level 1 automation system designed and supplied by SMS group company Paul Wurth. For the Level 2 automation, the customer will rely on BFXpert, the integrated Level-2 process control and operator guidance system for superior blast furnace operation.

voda 4 mei 2022 06:56

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Primetals VOD Plant Sets 2 World Records in Stainless Steel Making

Strategic Research Institute
Published on :
04 May, 2022, 5:53 am

A Vacuum Oxygen Decarburization plant, recently supplied by Primetals Technologies, has achieved a heat size of 298.2 tonnes, a world record in stainless steelmaking. In addition, the same plant reached a carbon content of 5 parts per million after decarburization, which marks another world record for VOD plants. Turkish steel producer Çolakoglu operates the plant, located in Dilovasi about 60 kilometers to the south-east of Istanbul. Çolakoglu CO Mr Ugur Dalbeler said “As a pioneer in the Turkish steel industry, Çolakoglu has the courage to try new things. Our achievement at the VOD plant is the latest proof of this determination. While giving credit to my colleagues who have carried the flag and achieved extraordinary results, I send special thanks to Primetals Technologies for good collaboration and support. Together we create value by recycling stainless scrap, thus creating stainless steel for the Turkish industry and we will contribute to reducing Turkey’s trade deficit by replacing imports.”

To reach record-breaking results like the ones at the VOD plant, there are many obstacles in the steelmaking process that need to be overcome. For example, the process parameters for the furnace must be very accurate and well-thought-out to allow tapping at high temperatures. In that way, any clogging issues during tapping, water-cooled panel leakage, and furnace refractory problems are avoided. Also, the VOD-system needs to be designed for a very large heat size, usually these plants operate with heat sizes between 60 to 150 tons of stainless steel.

The VOD-system is a tank degassing unit which, compared to a VD-plant, is additionally equipped with an oxygen blowing lance, vacuum pump regulation for oxygen blowing conditions, and other necessary components such as gas cooling, dust filtering, and CO-burning systems. Furthermore, advanced process models are required to reach accurate end process parameters such as end chemical analysis and liquid steel temperature. The additional oxygen supply can be used for producing extra-low carbon stainless steel grades (forced decarburization) or for chemical heating of the melt in conjunction with aluminum/silicon additions (the VD-OB process).

Çolakoglu operates an electric steel plant in Dilovasi, located in the western part of Turkey. The main products at this plant are slabs, which are further processed in a hot-rolling mill, and billets used for producing reinforcing steel bars and steel rock bolt. The Çolakoglu electric steelmaking plant, one of the largest in the world, was supplied by Primetals Technologies and has been in operation for several years. In late 2020, the plant was modernized and upgraded to becoming a VOD plant.

voda 4 mei 2022 06:57

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Cogne Edelstahl Acquires Stainless Steel Specialist EMB in Germany

Strategic Research Institute
Published on :
04 May, 2022, 5:59 am

Neuss Germany based Cogne Edelstahl GmbH has taken over the North German stainless steel specialist Edelstahl und Metallhandel Bremen GmbH, EMB GmbH, in Stuhr-Brinkum in Bremen and is now also represented in North Germany with a sales and storage location. The location complements the sales offices in Düsseldorf, Neuss and Rudersberg and covers the north of Germany. This means that the delivery times for customers in northern Germany can be significantly improved once again, due to own fleet of vehicles. In addition to shorter delivery routes, customers will also benefit from a broader range of products and services locally, supplemented by the extensive range of factory delivery options that the Cogne Group is used to.

Edelstahl GmbH CEO Mr Bernd Grotenburg said “Both companies have been active in the stainless steel sector for over 20 years and complement each other perfectly in terms of customer service. As is well known, we offer a very high quality of our products combined with an equally reliable delivery performance. We are absolutely convinced that with the combination of EMB and Cogne we can offer our customers in northern Germany decisive advantages in order to ensure their competitiveness in the future.”

Both companies are characterized by experienced employees who have been associated with the company for many years and have a great deal of know-how in the stainless steel segment. The familiar contacts, both at EMB and at Cogne Edelstahl, will remain with the customers.

voda 4 mei 2022 06:58

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Jindal Stainless Reports 355% Surge in Profit in 2021-22

Strategic Research Institute
Published on :
04 May, 2022, 6:05 am

Indian stainless steel giant Jindal Stainless Limited has reported 355% YoY surge in profits in FY 2021-22 the increased its exports sales, with a keen focus on the value-added product segments to overcome volatility and global disruptions in raw material supply and logistics. JSL Managing Director Mr Abhyuday Jindal said “JSL’s strategic decision to focus on export sales and strengthen its niche value-added product portfolio resulted in a robust performance. This also enabled the Company steer through certain challenging segments in the domestic market that faced subsidized imports from China and Indonesia. We continue to work closely with our customers to develop new products and the ecosystem, for catering to new opportunities of stainless steel applications in infrastructure and emerging focused sectors like Green Hydrogen and ethanol. We are also proactively switching from thermal to renewable energy infrastructure at our plant premises, and are working towards our goal of net zero carbon emissions by 2050.”

FY 2021-22 Consolidated

------------------------------

SS Sales Volume – 1.011 million tonne, up 23% YoY

Total Revenue - 21,223 crores, up 74% YoY

EBITDA - 2,987 crores, up 110% YoY

PAT - 1,909 crores, up 355% YoY

JSL said “A diversified market presence and increased proportion of exports mix partially compensated for the lower domestic sales in certain sectors. Dumping of imported and subsidized material from China and Indonesia led to a muted domestic demand and reduced price levels. Domestic-& export share of sales volumes during FY 2021-22 was

Domestic - 75%, down 7% YoY

Export - 25%, up 32% YoY

JSL added “Key domestic sectors like elevators and escalators, railway wagons, railway coaches and metros continued to register a steady demand. JSL is closely working with major domestic players across these segments to customize products as per their requirement. Under its ‘Local to Global’ initiative, JSL is in the process of providing customized product solutions for international operations of select domestic customers having a global presence. The Company supplied various critical grades like Super Duplex and Cobalt restricted stainless steel for several indigenous nuclear applications and key fertilizer projects.”

voda 10 mei 2022 07:18

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AIC to Revamp Stainless-Steel Bar Mill of Cogne Acciai Special

Strategic Research Institute
Published on :
10 May, 2022, 5:11 am

Italian steelmaker Cogne Acciai Speciali has engaged Automazioni Industriali Capitanio to revamp its stainless steel bar rolling mill in Aosta in Italy. Pointing to the most technologically leading-edge applications on the market, the new configuration will be powered by Siemens SINAMICS S120 multi drives system and brand-new motors modules. The target of the intervention will entail the DC to AC conversion on eight existing rolling stands (3-6, 9-12), providing even lower lifecycle costs and greater power performance, ensuring efficiency for the entire system. The current automation will not be converted and will be integrated into the new layout with the collaboration of the industrial automation company Alping Italia. Rounding out the package of an estimated EUR 1.6 million value, AIC will provide a turn-key plant.

Cogne Acciai Speciali's main problems in the plant were related to motors obsolescence and the TB reliability. Replacing the obsolete systems will guarantee the utmost accuracy, the quality in the maintenance processes as well as a predictive diagnostic control, getting closer to a 4.0 and data-driven industry. The new design will also mark a rethinking of the whole plant: the flexible configuration will even admit the forthcoming test on motley metallurgical products and will offer greater lean supply management with standardized motors drives along with the TB.

AIC and Cogne have already aligned their efforts by safely upgrading the automation on the finishing area for both wire rod and Garrett lines in the same rolling mill at the beginning of 2021. The commissioning stage has been scheduled for Summer 2022.

voda 12 mei 2022 07:21

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US Sets AD Duty & CVD on Stainless Steel Flange Imports from India

Strategic Research Institute
Published on :
12 May, 2022, 5:27 am

US’s Department of Commerce, in two separate reviews, has determined that Indian producers & exporters of stainless steel flanges have made sales at prices below normal value as well as were being provided countervailable subsidies

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AD Duty

Chandan Steel Limited – 3.66%

Kisaan Die Tech Pvt Ltd -1.27%

Others?- 3.4%

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Countervailing Duty

Chandan Steel Limited - 5.51%

Kisaan Die Tech Pvt Ltd -5.28%

Non-Selected Companies under Review?- 75.49%

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Period of review

AD Duty – 1 October 2019 to 30 September 2020

Countervailing Duty – 1 January 2019 to 31 December 2019

voda 13 mei 2022 08:20

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Jindal Stainless to Supply 301LN Steel to Alstom for RRTS Trains

Strategic Research Institute
Published on :
13 May, 2022, 5:26 am

Jindal Stainless will supply 2,000 tonnes of 301LN stainless steel grade in 2J finish to leading global mobility provider, Alstom for developing 210 train sets for first regional rapid transit system. Jindal Stainless announced “Furthering the vision of the government to develop robust and modern infrastructure, the first train set of India's first Regional Rapid Transit System was recently handed over to the National Capital Region Transport Corporation. ''Jindal Stainless is supplying stainless steel to Alstom for developing technologically-advanced and state of the art train sets for this project.”

Stainless steel provides light-weight and high crash-resistance to the RRTS train sets, thereby making them energy-efficient. In addition to this, stainless steel has a high strength-to-weight ratio. As a green metal, stainless steel provides a low life cycle cost and is an optimum raw material for developing long-lasting sustainable solutions for modern railway infrastructure in the country. Several components, including sidewall skins, brackets, end walls, sole bars, cantrails, roofs, and under-frames are being developed using stainless steel.

Jindal Stainless is currently supplying high-strength stainless steel grades like 301LN and 304L in LT, MT & HT configurations for metro and railway coaches. The Company’s products have been approved by major metro coach manufacturers like Alstom, Bombardier and BEML. The Company is also supplying stainless steel for Uttar Pradesh Metro Rail Corporation’s Kanpur Metro Project. In the past, the Company has supplied stainless steel for metro projects in Sydney and Queensland, apart from Delhi, Kolkata, Bangalore and Chennai metros.

As India’s first semi high-speed regional trainsets, the RRTS trainsets will function at a speed of 180 KMPH and will reduce commute time between Delhi and Meerut by 40%.

Alstom manufacturing unit at Savli in Gujarat

Designed at Alstom's Hyderabad engineering centre and manufactured at Savli in Gujarat, Alstom trains are 100% indigenous. The propulsion systems and electricals are manufactured at the company's factory in Maneja in Gujarat. The Savli unit produces bogies, car bodies and undertakes train testing. In 2020, Alstom was awarded the contract worth 436 million Euros to

Design, build, and deliver 210 regional commuter and transit train cars along with comprehensive maintenance services for 15 years

Design, supply, install, test and commission Signalling & Train Control, Supervision, Platform Screen Doors and Telecommunication Systems.

Bijlage:

voda 13 mei 2022 08:26

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Baowu’s TISCO Develops Stainless Steel for Hydrogen Projects

Strategic Research Institute
Published on :
13 May, 2022, 5:53 am

Chinese steel giant Baowu recently announced that its unit TISCO has launched the first stainless steel products for liquid hydrogen in China and passed the relevant certification, becoming the only domestic supplier of such products. It has signed batch orders with the world's largest hydrogen producer and the leading enterprise in the field of hydrogen energy infrastructure, and the products will be used in one of the largest domestic hydrogen energy projects in Asia.

The development of TISCO's special stainless steel for liquid hydrogen has successfully filled the gap of stainless steel for civilian liquid hydrogen pressure vessels in China and promoted the development and improvement of related standards in China.

voda 16 mei 2022 07:30

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Vale to Supply Low Carbon Nickel to Tesla for EVs

Strategic Research Institute
Published on :
16 May, 2022, 6:30 am

Vale has signed a long-term contract with Tesla Inc to supply Class 1 nickel in the United States from its operations in Canada. This agreement is in line with Vale’s strategy to increase exposure to the electric vehicle industry, leveraging our low-carbon footprint and market-leading position as North America’s largest producer of finished nickel. Vale’s target is to deliver 30% to 40% of Class 1 nickel sales into the fast-growing electric vehicle industry.

Vale’s Canadian operations produce some of the lowest-carbon nickel globally. Rounds from its Long Harbour refinery in Newfoundland & Labrador in 2020 had a verified carbon footprint of 4.4 tonnes CO2 equivalent per tonne of nickel, while pellets and powder from the Copper Cliff Nickel Refinery in Ontario had a verified footprint of 7.3 tonnes equivalent. This includes Scope 1 and 2 emissions from mining, milling and refining as well as upstream Scope 3 emissions from inputs.

voda 17 mei 2022 07:24

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Acerinox Reports Highest Ever Quarterly Net Profit in Jan-Mar

Strategic Research Institute
Published on :
17 May, 2022, 6:20 am

Spanish stainless steel maker Acerinox has reported EUR 266 million profit for January-March 2022 quarter, highest ever quarterly net profit, as strong demand for steel boosted prices. The rapid post-COVID recovery, supply chain constraints and war in Ukraine have all helped drive up prices for commodities and steel is no exception.

----------------------------------

Q1 Performance Highlights

Production up 7% QoQ

EBITDA of EUR 422 million, the second best on record and strongest since Q2 2006

Net profit of EUR 266 million, the strongest ever

------------------

Other Highlights

1. Temporary production disruptions at Algeciras due to exorbitant energy costs in the Spanish market forced us to close the melt shop in Algeciras for several days and transportation strike in Spain caused major supply disruptions to and from Algeciras

2. VDM integration remains on track (synergies achieved: 5 million EUR, 29% of the total target for the year)

3. Investment in NWC of 345 million EUR in Q1

The company said “It expects the market trend to continue and to push EBITDA even higher in the second quarter. Uncertainties remain in place: invasion in Ukraine, energy prices and inflation in all of our raw materials and consumables.”

voda 1 juni 2022 08:52

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POSCO Bags World Stainless Association’s Best Technology Award

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

South Korean steel giant POSCO has won the Gold Award in the technology category at the 26th International Stainless Steel Forum hosted by World Stainless Association. The technology that won the Gold Award this time was the high-performance ferrite stainless steel 430RE, Ridging Endurance, manufacturing technology. As the technology was selected as the best case of stainless-related technology development this year, POSCO’s technological skill was recognized worldwide.

Recently, as home appliance makers make large-scale washing machines and drying machines, it has become important to improve the formability of the drum bottom and to reduce the defect of stripe pattern, ridging, on the surface. In addition, as the high-speed rotation performance of the drum is required to save water and power during spin-drying, the welding method with excellent bonding strength is preferred over the Lock Seaming method of connecting by folding and compressing the plate material when connecting the center of the drum.

Accordingly, POSCO developed 430RE, a specialized steel grade that has features such as enhanced formability, anti-ridging, and corrosion resistance at welds compared to existing steel types and plans to expand its supply to overseas as well as domestic home appliance companies.

Representative organization of the world’s stainless steel industry International Stainless Steel Forum, which was established in 1996, name was changed to World Stainless Association at this conference. Since 2015, the World Stainless Association has selected the best practices every year in four areas to recognize development efforts of member companies and to inspire new idea proposals.

1. Market Development

2. Technology

3. Safety

4. Sustainability

POSCO has been proving its technology by winning awards 12 times since the first year for products such as 470FC (Gold Award in Technology) for hydrogen electric vehicle divider plate in 2018, fuel tank for PHEV (Plug-in Hybrid Electric Vehicle) in 2020 (Silver Award in Technology), and stainless steel sealed container (Gold Award in Market Development) in 2020.

voda 3 juni 2022 06:48

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World Stainless Association Awards Acerinox Group for 4 Projects

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

The World Stainless Association, formerly known as ISSF, has conferred 4 awards to leading Spanish stainless steel maker Acerinox for its projects in its 26th International Stainless Steel Forum hosted by World Stainless Association ceremony, which distinguishes good practices and innovative ideas in areas such as Market Development, Safety and Sustainability. Acerinox was awarded the gold and the bronze prize in the market development category, in which the jury was looking for highly original concepts that promote bespoke stainless grades, have a significant global market potential and offer strong environmental improvements.

The Gold award was for the ‘Vertical Farming’ concept. The aim of this project is to grow crops anywhere in the world regardless of external climatic conditions. Vertical farming turns agriculture into an industrial process in which constant costs, production and quality are achieved.

The Bronze award was given to North American Stainless for a project concerning stainless steel bollards that extends the life cycle and reduces the costs thereof, thanks to the selection of materials that reduces corrosion and the maintenance needed.

Acerinox Europa was granted the bronze award for the implementation of an automatic extraction system of lubrication grease from the damping system of the AOD converter movements, and thus avoiding the risks arising from manual operation.

Acerinox Europa plant in Campo de Gibraltar won silver for the programme to reduce energy consumption in non-productive periods through innovative stoppage protocols. The plan is based on 21 procedures implemented in the organisation's management system, which are audited annually in the context of ISO 50001.

As reported earlier, South Korean steel giant POSCO has also won the Gold Award in the technology category. The technology that won the Gold Award this time was the high-performance ferrite stainless steel 430RE, Ridging Endurance, manufacturing technology. As the technology was selected as the best case of stainless-related technology development this year, POSCO’s technological skill was recognized worldwide.

Representative organization of the world’s stainless steel industry International Stainless Steel Forum, which was established in 1996, name was changed to World Stainless Association at this conference. Since 2015, the World Stainless Association has selected the best practices every year in four areas to recognize development efforts of member companies and to inspire new idea proposals.

1. Market Development

2. Technology

3. Safety

4. Sustainability

voda 9 juni 2022 09:36

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JSL Supplies Stainless Steel to ailways for Foot Over Bridge

Strategic Research Institute
Published on :
09 Jun, 2022, 7:19 am

India’s leading stainless steelmaker Jindal Stainless has supplied stainless steel for another stainless steel Foot Over Bridge at Srikakulam Road Railway Station in Waltair Division in East Cost Railway. Jindal Stainless has supplied 155 tonnes of Jindal Dura stainless steel for this project and implemented the overall manufacturing and installation of this FOB project in nearly two months. The Company also assisted Railways fabricators with cost-effective stainless steel fabrication techniques and acted as a bridge between Railways, RDSO, and policy makers for developing custom-made solutions for the Indian Railways.

Jindal Durasafe IRS 350 CR has been designed for zero maintenance with 100 years’ service life, lower life cycle cost, and carbon footprint especially for high-quality structural applications in coastal areas. It comes in offerings like plates, girders, and channels. Additionally, Jindal Infinity chequered sheets are made of high-end 409M grade stainless steel and offer improved corrosion resistance, wear resistance, and a lower weight.

This is the second stainless steel foot-over-bridge of the nation after the launch of Naupada foot-over-bridge in the same Division of East Coast railway in the state of Andhra Pradesh.

voda 21 juni 2022 06:51

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Mr Carlos Ortega Arias-Paz is New Chairman of Acerinox

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

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

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

voda 27 juni 2022 07:36

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Stainless Steel Melt Shop Production Dips by 4% YoY in Jan-Mar’22

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

The world stainless association has released figures for the first three months of 2022 showing that stainless steel melt shop production decreased by 3.8% YoY to 14.5 million tonnes.

China - 8.011 million tonnes, down 8.0% YoY

Others – 2.053 million tonnes, up 8.0% YoY

Asia minus China, Indonesia & Korea – 1.956 million tonnes, up 4.1% YoY

Europe - 1.860 million tonnes, down 2.5% YoY

USA – 0.569 million tonnes, down 8.8% YoY

2021

Total - 58.289 million tonnes, up 13% YoY

China - 32.332 million tonnes, up 4% YoY

Others - 8.316 million tonnes, up 42% YoY

Asia minus China, Indonesia & Korea – 7.792 million tonnes, up 21% YoY

Europe - 7.181 million tonnes, up 14% YoY

USA - 2.368 million tonnes, up 10% YoY

Source: worldstainless

Others: Brazil, Russia, South Africa, South Korea & Indonesia

voda 14 juli 2022 07:04

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Klockner Acquires Hernandez Stainless & RSC Rostfrei Coilcenter

Strategic Research Institute
Published on :
14 Jul, 2022, 6:15 am

Duisburg Germany quartered steel processor & distributor Klockner & Co has acquired the two companies Hernandez Stainless & RSC Rostfrei Coilcenter in Germany. Both acquisitions have been made through Klöckner & Co’s German subsidiary, Becker Stahl-Service. The acquisitions mark Becker’s entry into stainless steel processing in a significant extension to its product and service portfolio. Hernandez provides surface machining and stocks stainless flat products. RSC is specialized in stainless steel coil cutting. The parties have agreed not to disclose the purchase prices for either company.

Hernandez and RSC Rostfrei Coilcenter operate extensive machine facilities and, throughout Europe, supply around 400 distributors as well as stainless steel processors in various industries. RSC Rostfrei Coilcenter is also a major supplier to Hernandez. Together, the two companies have about 70 employees and generated sales of around EUR 160 million in fiscal year 2021. Hernandez is headquartered in Hockenheim and RSC Rostfrei Coilcenter in Süßen in the German state of Baden-Württemberg.

The additions to the portfolio as a result of this latest transaction will enable customers in the future to purchase processed stainless steel through Becker. Becker has also already significantly expanded its service center activities in carbon steel and aluminum.

Klöckner & Co is one of the largest producer-independent distributors of steel and metal products and one of the leading steel service companies worldwide. Based on its distribution and service network of around 140 locations in 13 countries, Klöckner & Co supplies more than 100,000 customers. As a pioneer of the digital transformation in the steel industry, Klöckner & Co’s target is to digitalize and largely automate its supply and service chain and to become the leading digital one-stop-shop platform for steel, other materials, equipment and processing services in Europe and the Americas.

voda 19 juli 2022 06:53

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Jindal Stainless to Supply Stainless Steel forCable Tray in Tunnel

Strategic Research Institute
Published on :
19 Jul, 2022, 6:42 am

PTI reported that Jindal Stainless will supply 3,500 tonnes of stainless steel for the Indian Railway's 272 kilometers long Udhampur-Srinagar-Baramulla Railway Link tunnel project coming up in Jammu and Kashmir. Jindal Stainless Steelway will supply EN 1.4404/316L dual certification stainless steel grade in 2B finish for the project owing to its high corrosion resistance, high strength-to-weight ratio, and a lower life cycle cost.

This will be the first-ever application of stainless steel cable trays in an Indian railway project.

Udhampur-Srinagar-Baramulla Railway Link has been declared a project of national importance and is the biggest one in the construction of a mountain railway since independence. It is also the highest altitude railway network and the most challenging railway project undertaken by the Indian Railways.

The newly constructed railway line will provide an all-weather and reliable connectivity to Jammu and Kashmir.

voda 26 juli 2022 07:38

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Jindal Stainless Reports Strong Performance in Apr-Jun’22 Quarter

Strategic Research Institute
Published on :
26 Jul, 2.022, 6:50 am

Indian stainless steel giant Jindal Stainless Limited’s standalone revenue, EBITDA and PAT stood at INR 5,336 crores, INR 523 crores and INR 287 crores respectively during April-June 2022 quarter. JSL has recorded a sales volume of 235,530 tonnes with exports accounting for 25% share. On consolidated basis, JSL recorded revenue of INR 5,474 crores, EBITDA of INR 549 crores and PAT of INR 329 crores. JSL Managing Director Mr Abhyuday Jindal said “JSL’s focused approach on niche product development and an agile product mix helped the Company steer through unprecedented and unsteady macro-economic challenges. The domestic stainless steel industry faced a double whammy during the quarter. On the domestic front, continued dumping of stainless steel imports from China and Indonesia led to unfair competition, while simultaneously exports were severely impacted due to a 15% duty imposition by the Indian Government. Despite these challenges, JSL successfully catered to an uplifted demand from key sectors like automotives and railways. Going forward, we are committed to developing a failsafe stainless steel ecosystem in the country by focusing on awareness, skill development, new product development, and identification of sustainable applications for stainless steel. Along with this, we are dedicatedly working towards achieving our ESG goals and transition to sustainable manufacturing.”

JSL maintained a strong supply in railway wagons and railway coaches. It also registered a steady demand from the automobile sector during the quarter where its supply upped by nearly 40% QoQ. JSL is undertaking joint development of new stainless steel grades with auto majors for suitable product level applications, timely deliveries, and proactive redressal of customer concerns. Additionally, JSL is developing special stainless steel finishes for major players in the lifts and elevators segment. Demand from metro sector continues to be steady with major national metro projects in the pipeline. However, the pipe and tube segment witnessed a low market demand and negative price sentiment due to a major price drop during this period.

JSL will acquire Jindal United Steel Limited as a wholly-owned subsidiary and become an integrated stainless steel manufacturing company with all the critical facilities under one umbrella. Jindal United Steel Limited has been operating the hot strip mill for rolling stainless steel and carbon steel slabs with its total capacity being enhanced to 3.6 million tonne per annum. JUSL is also operating cold rolling mill with a capacity of 0.2 million tonne per annum for stainless steel applications.

JSL supplied stainless steel for India’s second stainless steel foot-over-bridge unveiled at Srikakulam Road Railway Station in Waltair Division of East Cost Railway.

JSL is supplying ~2000 tonnes stainless steel to Alstom for developing trainsets for India’s first Regional Rapid Transit System. The Company will supply its world-class 301LN stainless steel grade in 2J finish for developing 210 trainsets. As India’s first semi high-speed regional trainsets, the RRTS trainsets will function at a speed of 180 km per hour and will reduce commute time between Delhi and Meerut by about 40%.

Vertraagd	19 apr 2024 15:38
Koers	27,220
Verschil	-0,220 (-0,80%)
Hoog	27,320
Laag	26,920
Volume	56.605
Volume gemiddeld	189.694
Volume gisteren	147.286

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