Eurobench.com

voda 20 januari 2021 13:52

0

Tenaris Implements Virtual Quality Audits in Mexico

Tenaris recently offered Schlumberger the opportunity to perform a remote quality audit of its premium accessories mill at its Tamsa seamless tube mill in Veracruz, Mexico. The audit was held remotely in response to current COVID-19 restrictions and travel bans. Through RealWear technology, including smart glasses that allow audio and video links, Mario Cadena, Internal Auditor at Schlumberger, was able to stay in contact with the Tenaris representative throughout the tour and remotely evaluate the processes related to the threading of premium connections to verify that the Quality Management System met the standards established in ISDO9001:2015 and Schlumberger requirements, and to interact with Tenaris supervisors and operators. The quality audit returned zero non-conformity and observations, a positive result for the mill.

Tenaris has been expanding its use of digital tools to enhance its service offer to customers and optimize internal processes. It has used the hands-free, RealWear technology since 2019, for remote site support and in maintenance work at its mills.

Source - Strategic Research Institute

voda 20 januari 2021 13:53

0

ANDRITZ to Supply 8 Forging Furnaces to thyssenkrupp rothe erde

International technology Group ANDRITZ has received an order from thyssenkrupp rothe erde (Xuzhou) Ring Mill Co Ltd to supply eight chamber forging furnaces for their plant in Xuzhou in China. The scope of supply includes engineering, manufacturing, electrical equipment and automation software, as well as erection work and start up. The equipment supplied by ANDRITZ features advanced technology, including low NOx burners that will minimize emissions and fuel consumption. Start-up is scheduled for the first quarter of 2022.

The new production line is a major investment project by thyssenkrupp rothe erde in China and the third furnace order that they have awarded to ANDRITZ. Once commissioned, the furnaces will significantly increase the annual capacity of the mill and enhance thyssenkrupp rothe erde’s global competitiveness.

thyssenkrupp rothe erde is the global market leader for slewing bearings and one of the leading manufacturers of slewing bearings and seamless rolled rings. These products are used in a wide spectrum of applications ranging from industrial machinery, automotive engineering, and aerospace facilities through to wind turbines and tunnel-boring machines.

Source - Strategic Research Institute

voda 20 januari 2021 13:54

0

Change of Guard at Reliance Steel & Aluminum

Reliance Steel & Aluminum Co announced that Ms Karla R Lewis has been promoted to President and appointed to the Company’s Board of Directors consistent with the Board’s executive leadership succession plan. As President, Ms Lewis will have general responsibility for management of the operations of the corporation. Ms Lewis assumed the duties of President on January 15, 2021. Her term as a director also took effect on January 15, 2021 and will expire at Reliance’s 2021 Annual Meeting of Stockholders.

Prior to being named President, Ms Lewis served as Senior Executive Vice President and Chief Financial Officer. Ms Lewis joined Reliance in 1992 as Corporate Controller and has held various positions of increasing responsibility since then including serving as Chief Financial Officer since 1999. She was promoted to Senior Vice President in 2000, Executive Vice President in 2002 and Senior Executive Vice President in 2015.

Reliance also announced the promotion of Mr Arthur Ajemyan to Vice President, Chief Financial Officer effective January 15, 2021. As Vice President, Chief Financial Officer, Mr Ajemyan will supervise all of the Company's financial operations including accounting, financial planning, capital allocation, tax, and investor relations activities. Mr Ajemyan became Vice President, Corporate Controller in May 2014, having been promoted from Corporate Controller, a position he had held since August 2012. From 2005 to 2012, Mr Ajemyan held various positions in the accounting and finance department at Reliance, including Group Controller and Director of Financial Reporting. Prior to joining Reliance, Mr Ajemyan, a certified public accountant, held various professional staff and manager positions at PricewaterhouseCoopers, LLP from 1998 to 2005.

Ms Lewis and Mr Ajemyan will report to Reliance’s Chief Executive Officer Mr Jim Hoffman

Separately, Reliance also announced today that Mr David H Hannah will retire from the Board of Directors and not stand for re-election at the Company’s 2021 Annual Meeting of Stockholders. Mr Hannah joined Reliance in 1981 and served as our CEO from 1999 to 2015. He has been a director of Reliance since 1992 and was Chairman of the Board from 2007 to 2016.

Founded in 1939 and headquartered in Los Angeles in California, Reliance Steel & Aluminum Co is a leading global diversified metal solutions provider and the largest metals service center company in North America. Through a network of more than 300 locations in 40 states and 13 countries outside of the United States, Reliance provides value-added metals processing services and distributes a full line of over 100,000 metal products to more than 125,000 customers in a broad range of industries.

Source - Strategic Research Institute

voda 20 januari 2021 13:54

0

Hoa Phat Plans 100KT Increase in Steel Pipe Output in 2021

Hoa Phat Steel Pipe Co Ltd has supplied domestic and foreign markets with over 820,000 tonnes of steel pipes in 2020, up 10% compared to 2019, firmly at the No 1 position in Vietnam with 31 market share, up 7% YoY. In the South, Hoa Phat's steel pipe output achieved the best growth rate with 15%, followed by the North increased by 11% over the same period, the Central decreased slightly because this area was affected by floods and epidemics. Covid19. Steel pipe exports for the whole year reached over 21,000 tonnes, up 12% over the same period in 2019.

Hoa Phat Steel Pipe's export markets include the US, Canada, Australia, Mexico, Southeast Asia.

In the past year, Hoa Phat's large steel pipe product lines have been increasingly actively welcomed by the market, replacing imported products with faster response speed, more timely with superior quality and high quality products. Products selected by customers to use include large round pipe with diameter F273mm, F323.8mm, square pipe size 200x200mm, 250x250mm, rectangular tube size 200x300mm.

With a nationwide factory capacity of 1 million tonnes per year, Hoa Phat Steel Pipe is the largest steel pipe producer in Vietnam. In 2021, the Company plans to sell 920,000 tonnes, an increase of 12% compared to 2020.

Source - Strategic Research Institute

voda 20 januari 2021 13:57

0

Steel Production Capacity Utilization in US Continues to Climb

The American Iron and Steel Institute reported that for the week ending on January 16, 2021, US’s domestic raw steel production was 1,738,000 net tons while the capability utilization rate was 76.7%. Production was 1,906,000 net tons in the week ending January 16, 2020 while the capability utilization then was 82.4%. The current week production represents 8.8% decrease from the same period in the previous year. Production for the week ending January 16, 2021 is up 1.7% from the previous week ending January 9, 2021 when production was 1,709,000 net tons and the rate of capability utilization was 75.4%.

Adjusted year-to-date production through January 16, 2021 was 3,918,000 net tons, at a capability utilization rate of 75.9 percent. That is down 9.7 percent from the 4,337,000 net tons during the same period last year, when the capability utilization rate was 82.4 percent.

Broken down by districts, here’s production for the week ending January 16, 2021 in thousands of net tons: North East: 158; Great Lakes: 621; Midwest: 192; Southern: 695 and Western: 72 for a total of 1738.

Source - Strategic Research Institute

voda 20 januari 2021 13:57

0

GMS Market Commentary on Ship Breaking in Week 02 - Swift Retreat

World's leading cash buyer of ships for recycling GMS said that “Just as quickly as the markets came up over the last month or so, they have declined just as fast and sharply over the last couple of weeks, particularly in Bangladesh, which has essentially lost all of the pricing ground that this market had gained recently, in shocking and unexpected reversals this week. It indeed appears as though steel mills in Bangladesh have been reacting to the higher prices observed over the first few weeks of the year, by lowering demand overall. As such, the aggressive buying of the previous weeks in Chattogram has almost entirely disappeared, with most End Buyers preferring to wait-and-watch market developments instead, especially before offering on new tonnage at some of these overly high numbers being asked on proposed units. This has subsequently left several Cash Buyers holding some of their high-priced inventory once again, and they will certainly be hoping for offers to bounce back to somewhere near previous levels, in order to simply break even on their units. Moreover, it is also evident that many End Buyers have booked themselves with decent tonnage and some of the post New Year demand has therefore started to subside.”

GMS added “On the Western end, even plate prices in Turkey have started to soften, with local steel levels and even steel imports retreating this week. As a result, local offerings too have retreated, with Local Recyclers offers on proposed tonnage, being about USD 5 per tonne lower. Meanwhile, dry cape charter rates have also started to expectantly cool off as we approach the Chinese New Year. We therefore anticipate a steady supply of tonnage for recycling for the remainder of this year, particularly for those vessels due for SS / DD and BWTS installations.”

Source - Strategic Research Institute

voda 20 januari 2021 13:59

0

Procter & Gamble overtreft ramingen analisten

(ABM FN-Dow Jones) Procter & Gamble heeft in het tweede kwartaal, dat eindigde op 31 december, de omzet en resultaten zien verbeteren en de outlook voor het gehele boekjaar verhoogd. Dit bleek woensdag uit het kwartaalbericht van de Amerikaanse producent van persoonlijke en huishoudelijke verzorgingsmiddelen uit Cincinnati.

De aangepaste winst per aandeel kwam uit op 1,64 dollar, een stijging met 15 procent ten opzichte van een jaar geleden. Analisten die vooraf door FactSet waren geraadpleegd gingen uit van 1,51 dollar per aandeel.

De omzet steeg 8 procent naar 19.745 miljoen dollar. Volumes waren goed voor 5 procent groei, prijzen voor 1 procent en de mix voor 2 procent,

Het operationeel resultaat steeg met 20 procent naar 5.380 miljoen dollar en de nettowinst die toekomt aan de aandeelhouders met 4 procent naar 3.854 miljoen dollar.

Outlook

Voor het lopende boekjaar rekende P&G eerder op een omzetgroei van 3 tot 4 procent maar het concern gaat nu uit van 5 tot 6 procent op jaarbasis. Hierin is de eerder verwachte negatieve valuta-impact van 1 procent inmiddels bijgesteld naar neutraal. De eerder uitgesproken autonome groeiverwachting van 4 tot 5 procent is opwaarts bijgesteld naar 5 tot 6 procent.

De aangepaste winst per aandeel zal dit jaar naar verwachting met 8 tot 10 procent stijgen, tegen eerder 4 tot 9 procent, ten opzichte van de 5,12 dollar in het vorige boekjaar.

Dividend en aandeleninkoop

P&G wil dit jaar 8 miljard dollar aan dividend uitkeren en heeft zijn geplande aandeleninkoop verhoogd van 7 tot 9 miljard dollar naar 10 miljard dollar. Daarmee wordt de aandeelhouder vergast op een totaal van circa 18 miljard dollar.

Het aandeel Procter & Gamble opent woensdag vermoedelijk 1,7 procent hoger.

Door: ABM Financial News.
info@abmfn.nl
Redactie: +31(0)20 26 28 999

© Copyright ABM Financial News B.V. All rights reserved.

voda 20 januari 2021 14:00

0

Flinke winststijging Morgan Stanley

(ABM FN-Dow Jones) Morgan Stanley heeft in het vierde kwartaal van 2020 fors beter gepresteerd en kwam daardoor in heel het jaar op recordniveaus uit. Dit bleek woensdag uit de cijfers van de Amerikaanse zakenbank.

De inkomsten stegen van 41,4 miljard naar 48,2 miljard dollar. Daaraan droeg het vierde kwartaal 13,6 miljard dollar bij, een stijging op jaarbasis van bijna 26 procent.

Afgelopen kwartaal verdiende Morgan Stanley 3,4 miljard dollar, of 1,81 dollar per aandeel. Dat was 1,30 dollar een jaar eerder.

Op aangepaste basis steeg de winst per aandeel van 1,66 naar 1,92 dollar.

Vooral de aandelenhandel deed Morgan Stanley goed.

De zakenbank profiteerde daarnaast van de overname van E*Trade, dat sinds begin oktober bijdraagt aan de resultaten van de tak vermogensbeheer van Morgan Stanley.

CEO James Gorman meent dat Morgan Stanley 2021 is aangevangen met de wind stevig in de rug.

Het aandeel Morgan Stanley lijkt woensdag bijna 2 procent hoger te zullen openen.

Door: ABM Financial News.
info@abmfn.nl
Redactie: +31(0)20 26 28 999

© Copyright ABM Financial News B.V. All rights reserved.

voda 21 januari 2021 15:25

0

Alien Metals commences maiden drilling program at Hancock Iron Ore Project

Vox Markets
Vox Newswires
12:09, 21st January 2021

Alien Metals (UFO) has commenced at the maiden drilling program on the Company's Hancock Iron Ore project, part of its Hamersley Iron Ore Project in Western Australia.

The Hancock Iron Ore project is one of two projects in the Hamersley Province of Western Australia, known as one of the premier iron ore producing regions of the world (Fig.1).

The purpose of the maiden drilling programme is to validate recently announced exploration targets in Hancock Iron Ore Project. The minerals exploration and development company said this will consist of a minimum of 3,000m grid-based shallow RC drilling across priority targets, a planned new drill line on the Sirius Extension prospect and testing at least four target areas.

The program will test four main targets defined from historic and recent work - two high grade east west ridges of outcropping high-grade iron ore in the central and north central parts of the tenement recently identified - and the Kalgan and Sirius Extension prospects.

The planned holes are spread across four initial areas to enable UFO to continue to develop its knowledge of the project as a whole and to further prioritise for next stage drilling.

Figure 1: Location of the Brockman and Hancock Ranges Iron Ore projects within the prolific iron ore producing region of the Pilbara

Voor meer, zie link:

www.voxmarkets.co.uk/articles/alien-m...

voda 21 januari 2021 15:29

0

USW Welcomes Mr Biden Administration

The United Steelworkers International President Mr Tom Conway in response to US President Mr Joe Biden’s inauguration said “The USW congratulates Joe Biden on today becoming the 46th president of the United States and welcomes his vision and experience as our country faces unparalleled challenges. From containing the pandemic to revitalizing our flailing economy, it’s essential that we have strong, steady leadership that prioritizes working people. The new administration is extremely qualified to address these crises. President Biden and Vice President Kamala Harris understand that all workers deserve fair wages, safe working conditions and a secure retirement, and they’ve assembled a cabinet that has proven that they’re eager to work to create good, family-sustaining jobs and healthy, vibrant communities.

Mr Conway said “Central to the success of this revitalization effort is a clear focus on building back our country’s crumbling infrastructure. Aggressive investment in a modernized infrastructure will not only help rebuild our domestic supply chains and create badly needed manufacturing jobs now, but will also ensure long-term sustainable economic recovery for generations to come.”

He added “President Biden has long been a friend of our union and of all working people. The USW is excited to work with his administration as together we put our country back on the path toward health and widespread economic opportunity.”

Source - Strategic Research Institute

voda 21 januari 2021 15:32

0

Hebei COVID19 Lockdowns May Hit Steel Demand - Analysts

CNBC reported that Singapore based Navigate Commodities co founder Mr Atilla Widnell told CNBC “Partial lockdowns have restricted the transportation of goods, resulting in a sharper build in inventories held by local steel mills rather than at stockists in the first half of January. We have heard anecdotal evidence that some stockists and traders are reluctant to tie up cash flow in case a ‘soft lockdown’ is prolonged or intensified.”

S&P Global Platts had said earlier this month “The Hebei curbs are unlikely to affect steel production for now, but they could hurt demand by spurring the manufacturing sector to stop work earlier than planned ahead of the major Lunar New Year holiday between February 11 and 17. Moreover, inventories are rising at the Jingye Iron & Steel mill in Hebei’s capital city Shijiazhuang. The government advised manufacturing and construction workers to return home before the peak holiday travel period... According to market sources, Beijing has done this in an effort to reduce the possibility of a spike in COVID-19 cases during and after the Lunar New Year holidays.”

The new wave of Covid-19 cases in China’s Hebei Province has triggered transport restrictions in the major steel producing region of China. Steel deliveries by truck have been suspended in Hebei, leaving rail as the only way to transport steel. Coronavirus cases in Hebei have been rising since the start of the year, prompting the province to lock down its capital Shijiazhuang and at least two other areas in an effort to contain the spread of the coronavirus.

Source - Strategic Research Institute

voda 21 januari 2021 15:33

0

Nippon Steel to Reach Net Zero Greenhouse Gas Emissions in 2050

The Yomiuri Shimbun reported that Nippon plans to reduce greenhouse gas emissions. Nippon Steel President Mr Eiji Hashimoto told The Yomiuri Shimbun “The target of reducing greenhouse gas emissions to net zero in 2050 is one of the most important management issues. The company would strive to achieve this goal set by Prime Minister Mr Yoshihide Suga’s Cabinet. Countries have begun to compete over the development of environmental technologies and we need financial support from the state government to achieve the target. Japanese companies are ahead of other countries in environmental technology. I am confident that if we receive the same level of government support as in other countries, we will be able to compete internationally.”

For the time being, Nippon Steel aims to achieve the target by melting down steel scrap and using electric furnaces, which emit relatively little CO2.

The steel industry emits the largest amount of carbon dioxide in the manufacturing industry because when iron is extracted from iron oxide in iron ore, oxygen reacts with carbon, producing carbon dioxide. Steelmakers around the world are trying to find ways to produce steel using hydrogen instead of carbon to prevent CO2 emissions. At present, however, it remains at the experimental level in small facilities.

Source - Strategic Research Institute

voda 21 januari 2021 15:35

0

Metal Container Manufacturers Seek BIS Mandate Hold for Tin Plate

Financial Express reported that imposition of BIS standards on tinplate has become a major hurdle for Indian metal packaging industry. Metal Container Manufacturers Association has requested the steel ministry to put the Quality Control Order on hold until sufficient quantity of tinplate is produced in India to meet the industry’s demand of 700,000 tonnes per annum. The MCMA has urged the ministry to allow use of materials, aligned to ISO, which the MSME ministry’s FSSAI order has also recommended. MCMA president Mr Sanjay Bhatia said “The steel ministry issued the QCO on July 17 last year when the industry was already reeling under pressure for the pandemic-induced lockdown. While the industry required resetting its business post lock down, forcing suppliers to go for BIS certification came as a huge road block since it was an expensive affair. India not being a big market for tinplates, the exporters stopped shipments putting the metal packaging industry in a great difficulty. The government earlier issued QCO in 2008, 2015 and 2017 but withdrew it in view of the demand supply gap and difficulties in implementation. The same situation prevails till date with a demand supply gap of 250,000 tonnes per annum.”

MCMA said “The industry, producing metal cans and containers, is largely dependent on tinplate imports from various countries. Moreover, prices of tinplate or the raw material for metal packaging have escalated more than 15%.”

The steel ministry’s QCO mandates BIS Certification on major inputs like easy-open ends, peel off ends besides tin free steel. The industry imports all the inputs from several foreign countries and the order notifying that steel items cannot be produced, sold, traded, imported and stocked without BIS mark has held back all foreign tinplate mills from exporting to India.

Source - Strategic Research Institute

voda 21 januari 2021 15:36

0

Government to Take Over COS Targoviste in Romania

Romanian Insider reported that the Romanian Government plans to take over the rebar maker COS Targoviste, formerly Mechel Targoviste, which has been under insolvency procedures since 2013, in exchange for its debt to the budget. The reorganization program, proposed by the company's main creditor, awaits approval from the other creditors. The Government has already prepared the legal procedures for taking over the plant by the Economy Minister.

The core assets of COS Targoviste were valued at RON 302 million. The environmental obligations, estimated at almost RON 28 million, are to be subtracted, as well as the VAT dues. Thus, the adjusted value of the core assets to be taken over by the state would be RON 217-241 million (EUR 44.4- EUR 49.5 million).

Short history

1973 - The first production capacities were ready - steel processing and forging

1975 - The name of the company became Special Steel Plant COS

1991 - The COST SA Commercial Company was established

2002 - The moment of privatization. Conares Trading AG Switzerland (later Mechel International Holdings GmbH) bought the majority stake

2005 - The name of the company became SC Mechel Targoviste SA

2013 - Majority shareholder of the company became MAZUR INVESTMENTS LIMITED Cyprus Company owned by INVEST NIKAROM SRL. The general insolvency procedure was opened in order to reorganize. Returned to the old name, COS Targoviste

2015 - Court confirmed the Reorganization Plan of the activity of COS TÂRGOVISTE SA & later sent it to judge for the continuation of the insolvency procedure

2019 - The court confirmed the Reorganization Plan of the activity of COS TARGOVISTE SA proposed by the creditor Alphard Financial Corp and voted by the Creditors' Meeting on 24.10.2019.

Source - Strategic Research Institute

voda 21 januari 2021 15:36

0

Scaffolding Workers of Brand Energy to Strike at British Steel

Grimsby Telegraph reported that More than 50 scaffolders from contractor Brand Energy Coat at British Steel site in Scunthorpe will go on 48 hours strike from January over a pay dispute. The dispute over pay began in 2019 when the workers sought to be paid in line with the National Agreement for the Engineering Construction Industry. Unite claims there is a difference of GBP 2 an hour between the current pay rates and the established NAECI pay rates.

The employees are members of the construction union Unite and are responsible for the maintenance of more than 500 scaffolding structures at the Scunthorpe site. Unite said that since 2019, Brand Energy has refused to engage over the pay dispute, which led to a ballot for strike action and the workforce delivered a 100 per cent yes vote in favour of the action. Unite has called a total of six days of strikes over the coming weeks. The workers will be maintaining a strictly socially-distanced picket line at the site, which the union claimed would cause disruption although this is disputed by British Steel.

A British Steel spokesman said: “This matter involves employees of a contract company on our site. We have contingencies in place, and it will not impact on production.”https://i2-prod.grimsbytelegraph.co.uk/incoming/article4909388.ece/ALTERNATES/s1200d/0_Unite-Strike-BS-Scunny.jpg

Source - Strategic Research Institute

voda 21 januari 2021 15:37

0

LIBERTY Steel Group Strengthens its Board

LIBERTY Steel Group has strengthened its Board with the appointment of Ms Denise Timns as an executive director and Ms Monica Middleton as a non-executive director.

Ms Denise Timns is the Chief Human Resources Officer for GFG Alliance, having joined the group in March 2016. She has over 20 years of experience in specialist and generalist HR roles, having been in senior HR positions within the commodity trading sector. As part of her last Global Head of HR role she was based in Geneva and was responsible for an industrial / asset based subsidiary of one of the world’s leading global commodities traders which had over 2000 employees across 30 + countries. In this role she was involved in integrating several acquisitions and implementing HR strategies across greenfield sites.

Ms Monica Middleton has 30 years’ experience across a diverse range of blue chip companies and SMEs, helping to deliver impactful business, marketing and communications strategies. Her focus over the past eight years has been on organisations which pursue a blend of financial, environmental and social imperatives, with her most recent executive position being UK managing director for Dutch international ESG investor, Oikocredit. Alongside LIBERTY Steel, she is currently a non-executive director for Cafedirect plc, also Chair of their Guardian Share Company and its Remuneration & Nominations Committee, the Ethical Property Company plc also Chair of its Property Investment Committee and UK Women in Social Finance. She has also held executive roles at Dyson Electronics, BBDO and the BBC and holds a first-class BSc in Business Administration and an MSc in Sustainability and Social Responsibility.

Source - Strategic Research Institute

voda 21 januari 2021 15:48

0

Sandur Manganese Starts Coke Oven & Ferro Alloy Production

The Sandur Manganese & Iron Ores Limited announced that trials from Batteries 1 & 2 of the Coke Oven Plant commenced in January 2020, new 24 MVA Ferro Alloy furnace in February 2020, Batteries 3 & 4 of Coke Oven Plant from November 2020 and refurbished 20 MVA Ferro Alloy Furnace from 18 January 2021. Accordingly, the Lenders' Engineers have completed their visit to the Plant ye and are expected to issue a certificate to the Bankers regarding completion of the Project and declaration of the commercial operations wef 18 January 2021. Performance Guarantee Tests will be taken up in due course of time. The commercial operations at the 0.4 million tonnes Coke Oven Plant and Ferro Alloy Furnaces will be considered to have commenced wef 18 January 2021.

Sandur Manganese & Iron Ores Limited had earlier announced about Bhoomi Puja and Foundation Stone Laying Ceremony for Phase I of 1 MTPA Iron and Steel Project entailing setting up 0.4 million tonnes Coke Oven Plant, Waste Heat Recovery Boilers and 0.4 million tonnes Pig Iron Blast Furnace at Vysanakere in Hosapete on 19 March 2018.

Source - Strategic Research Institute

voda 21 januari 2021 15:49

0

Mr Velasquez is New CEO of El Mutun Steel Company

Bolivian media reported that Mr Gustavo Choque Velasquez has assumed the interim executive presidency of the Bolivian state run steelmaker El Mutun Steel Company, in order to carry out the strategic project for the industrialization of iron from the deposit located in the German Busch province in the department of Santa Cruz. Mr Velasquez replaced former CEO Mr Milko Alberto Moreno Antelo, who was appointed in March 2020.

Mr Gustavo Choque Velasquez has experience in the management of important state mining companies such as Corocoro in La Paz, Karachipampa in Potosi and Huanuni in Oruro, in addition to other jobs in the sector.

The El Mutun deposit has large iron reserves and is considered a strategic project. Construction works were first expected for 2017, and then for June 2018. Sinosteel started preliminary works in the area in July 2018. The complex should have a 650,000 tonnes per year capacity iron ore concentration plant, out of which it will produce 400,000 tonnes per year of pellets and 250,000 tonnes per year of sponge iron. The project should be completed in 30 months.

Source - Strategic Research Institute

voda 21 januari 2021 15:49

0

Dragon Steel Grants FAC to SMS for 6 Strand Billet Caster

Taiwanese steel maker China Steel Corporation’s Taichung Taiwan based subsidiary Dragon Steel Corporation Ltd has granted SMS Concast the final acceptance certificate for the modernization of their six strand billet caster. The objective of the revamp was to improve the billet quality for the local high end market, for applications including fasteners, welding rod, mechanical components and others. The project, which consisted of an automation upgrade and the introduction of dynamic secondary air mist cooling COOL-DSC as the main modernization measures, has achieved a distinct improvement in product quality in terms of internal structure and surface cracking.

The nine-meter-radius six-strand billet caster of Dragon Steel was originally built by SMS Concast in 2000. In 2014, it was upgraded with final electromagnetic stirrers. It produces 145-millimeter square billets at an annual production of 600,000 tonnes, depending on the market situation. The steel grades include cold-heading, low-alloy, free-cutting, hot-forging and welding-rod steel.

The automation upgrade mainly involved an upgrade of the Level 1 system and the introduction of the COOL simulation package including COOL-DSC (Dynamic Spray Cooling) with Airmist nozzles from SMS Concast for homogenous secondary cooling. COOL is a proprietary solidification model developed by SMS Concast for online visualization of the solidification along the strand. The COOL-DSC function of the system regulates each spray zone’s water flow according to specified billet temperature values. In this way, DSC optimizes the billet temperature along the secondary cooling zone in order to improve the surface quality.

In addition, the COOL software can be used offline for the metallurgist and process engineer to fine-tune the casting parameters by running various “ghost casts”, saving expensive trial casts in this way. COOL-offline includes functionalities to compare steady-state conditions of various casting parameters, in addition to the capability to simulate sequences with pre-defined casting speed variations and grade changes.

With a view to the shifting of production towards high-grade steels, the existing CONFLOW stopper controls were upgraded and the standard nozzles were replaced with air-mist spray nozzles. The CONFLOW stopper control is of a very robust design. It ensures a precise and well controlled steel flow from the tundish to the mold. The Airmist nozzles designed by SMS Concast provide homogeneous spray cooling for improved secondary cooling and less surface cracking.

Source - Strategic Research Institute

voda 21 januari 2021 15:50

0

Acciai Speciali Terni Slag Recycling Project on Track

Thyssenkrupp owned Italian stainless steel producer Acciai Speciali Terni announced that its slag processing project performed by Tapojarvi Italy entered the final stage as it was approved by the local authorities. The EUR 50 million projects allowing for the metallurgical slag reuse in road works and other construction purposes is expected to be completed by March 2021. The recovery project, provided for by the Integrated Environmental Authorization issued by the Umbria Region in December 2019, concerns the last phase of slag processing and completes the metal recovery project (deferrization phase) already authorized and under construction and the project of the new slag ramp (cooling phase) which will be presented by March 2021.

Umbria's regional councilor for environment Mr Roberto Morroni told Italian media “AST has confirmed its commitment to carry out the entire waste processing cycle In dosed and confined environments with an innovative and avant-garde project which will first of all result in a significant improvement in air quality in the city of Terni."

In November, AST said that additional EUR 7 million would be allocated the completion of the project started in 2018. The company intends to recycle 25% of its industrial waste by 2026.

Source - Strategic Research Institute

Vertraagd	8 mei 2024 17:37
Koers	23,610
Verschil	-0,360 (-1,50%)
Hoog	23,940
Laag	23,560
Volume	2.558.342
Volume gemiddeld	2.531.246
Volume gisteren	3.131.701

02 mei	Beursblik: resultaten ArcelorMittal b...	1
02 mei	AEX gaat hogere opening tegemoet, ter...	4
02 mei	Meer omzet en hoger resultaat bij Arc...
01 mei	Lagere winst ArcelorMittal verwacht
23 apr	Mondiale staalproductie daalt toch weer
16 apr	Deutsche Bank haalt ArcelorMittal van...	1
12 apr	Video: cyclische aandelen bieden kansen
09 apr	World Steel Organisation ziet vraag n...
22 mrt	Mondiale staalproductie in de lift
12 mrt	ArcelorMittal neemt groot belang in V...

Arcelor Mittal « Terug naar discussie overzicht

Nieuws en info hier plaatsen (deel 4)

Meedoen aan de discussie?

Direct naar Forum

Detail

ArcelorMittal nieuws