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voda 10 maart 2021 10:21

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WISCO Awards FAC to SMS for Revamped Hot Strip Mill

Wuhan Iron & Steel has issued the final acceptance certificate to SMS group for the successful modernization of key areas of the high-capacity Hot Strip Mill No 2. The revamp comprised the drive train of roughing stand R2 and the descaling system ahead of the finishing train. WISCO aims to boost its annual production capacity to more than 6 million tonnes, while enhancing the product quality to meet the constantly growing market demands. To achieve this, WISCO chose to bank on knowhow and technological solutions from SMS group. By converting the complete drive train of the second roughing stand, SMS allowed for a higher rolling torque. Thanks to the higher torque the number of necessary passes can be reduced, boosting the mill’s capacity as a result.

The revamp by SMS included the installation of two new oil/air lubricated flat-neck spindles of the latest design, the associated oil/air lubrication equipment, a new spindle balancing system, work-roll sets adapted to the new rolling passes, the hydraulic control system and the mounting supports for the spindle heads. Installation of the new components required only minor modifications to the rolling stand. For most of the new equipment, the existing mounts and the anchor bolts in the foundations could be reused, minimizing the overall installation effort.

To be able to raise the operating pressure of the existing descaling system ahead of the finishing train, SMS renewed the complete descaler, including added functions such as a quick-change system for the spray headers, new spray headers and new water collecting channels with position control, a stronger housing and a hydraulically actuated cover. In the design, provision was made for the customer to be able to use in-stock wear parts, such as pinch rolls and roller table rolls, also in the future. The SMS specialists adapted the hydraulic functions to the new requirements by expanding the existing valve stands.

The new design of the pump system implemented by SMS provides two options: depending on the material to be processed, the entry-side descaling headers can be supplied either with a process pressure of 180 bar by the existing system or with up to 380 bar by the new frequency-controlled rotary pump system. The valve technology for this solution was supplied also by SMS.

The upgraded descaling system enables WISCO to increase and adapt the descaling pressure to the constantly growing product range and the resulting growing requirements due to the addition of Si grades, for example, and other surface-related quality demands.

Wuhan Iron & Steel’s Hot Strip Mill N. 2, supplied by SMS, has been in operation since 2003. Thanks to the recent and previous revamps successfully implemented by SMS, WISCO has been able to roll a constantly growing and increasingly demanding range of products on the mill, meeting current and future demands of the market.

Source - Strategic Research Institute

voda 10 maart 2021 10:22

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British Steel Marks 1 Year of Existence under Jingye

British Steel marked the first anniversary on 9 March 2021 by thanking customers, suppliers and new owners for their continued and valued support. British Steel said “Jingye Group has given us their resolute backing and is committed to investment, enabling us to put our company on a more sustainable footing. This money will be invested in new technology in our drive to reduce emissions, maintain equipment, ensure production, reduce costs, support clean growth and protect and create new jobs. During our first year we’ve achieved significant operational improvements, launched new products, introduced 24-7 operations at our Teesside and Skinningrove mills and resumed operational control of Immingham Bulk Terminal.”

It said “The combined efforts of our people and our owners mean we’ve also started to turn losses into profits, a significant step forward for this business. We’re increasing production, reducing costs, growing into new markets and are well-placed to make a significant contribution to the UK’s economic recovery. We still need to overcome many challenges but the progress we’re making gives us great optimism.”

British Steel also said “COVID-19 means it has been, and continues to be, a challenging period for people and businesses across the globe and we’re extremely grateful for the incredible spirit our employees have shown during this period. Their commitment and flexibility has enabled us to maintain safe operations, and iron and steel production, throughout the pandemic. This has ensured we can keep fulfilling our customers’ requirements.”

Source - Strategic Research Institute

voda 10 maart 2021 10:35

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NLMK Develops Steel Grades for PEB Structures

NLMK Group has mastered new grades of hot rolled steel C345 and C355 for the building structure manufacturer Ventall. Ventall specializes in the creation of pre fabricated buildings from metal structures, as well as building elements such as frames, enclosing structures and other metal components. One of the key requirements for metal in this production is reliable weldability. Structural steel produced by NLMK is guaranteed to provide it due to the chemical composition and strict adherence to the carbon equivalent. An additional advantage of NLMK construction steel grades is the retention of strength at low temperatures. This allows the use of metal for the construction of reliable structures throughout Russia.

In 2021, NLMK plans to double the volume of supplies of construction steel grades for Ventall.

NLMK developed the production of structural steel grades and plans to strengthen its presence in this market segment by upgrading its facilities.

Source - Strategic Research Institute

voda 10 maart 2021 10:35

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Canada Supports Wabi Iron & Steel Expansion in Ontario

Canadian government is investing CAD 410,250 into Wabi Iron and Steel Corp. in New Liskeard through FedNor funding. The investment will create eight jobs through modernization and expansion of its manufacturing facilities. The funding is provided through federal Economic Development Initiative for Northern Ontario’s Regional Economic Growth through Innovation (program, which supports the growth of Canadian businesses, their expansion into new markets and their adoption of new technologies and processes.

The funding will help Wabi Iron and Steel Corp to purchase and install a variety of equipment, including milling, lathe and molding machines, as well as to complete structural and environmental improvements such as roof enhancements and lighting upgrades. The upgrades will enable the company to improve efficiencies, increase exports and expand product offerings to capitalize on growth opportunities in key sectors such as mining, forestry and mineral processing.

Founded in 1907, Wabi Iron & Steel Corp. has evolved into a leading manufacturer of loading and conveyance systems for the mining industry and one of North America’s premier producers of general and abrasion resistant castings in iron and steel. Wabi has two divisions Mine Equipment and Foundry responsible for products for specific purposes. With head office, fabrication facility, machine shop and foundry located in New Liskeard in Ontario, its products are shipped to clients in Canada and the United States as well as Mexico and South America.https://www.vmcdn.ca/f/files/nob/wabi-steel-2.JPG

Source - Strategic Research Institute

voda 10 maart 2021 10:36

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TMK Reports 27% YoY Dip in Pipe Sales in 2020

Russian producers of tubular products for the oil and gas industry PAO TMK has announced its audited consolidated IFRS financial results for the year ended December 31, 2020. TMK CEO Mr Igor Korytko said “2020 was a challenging year for TMK. The COVID-19 pandemic, global economic downturn and oil production cuts had a significant impact on our business in key markets, resulting in a decline in pipe sales. However, thanks to our swift measures to adapt to the prevailing macroeconomic conditions, the Company was able to maintain its leading positions in its key segments, demonstrate a resilient operational and financial performance and reduce its debt level. We expanded our R&D capabilities and carried out a large-scale digital transformation of the business. At the end of last year, we adapted our development strategy to 2027 to reflect the new challenges of the global economy. We put special focus on the development of high-tech products and integrated solutions for customers that will be used not only for the production of hydrocarbons, but also for the development of clean energy sources, as well as in the development of other promising areas.”

2020 pipe sales down 27% YoY to 2.811 million tonnes with seamless pipes sales contracting by 24% YoY to 2.206 million tonnes ad welded pipe sales shrinking by 33% YoY to 0.785 million tonnes (2019 pipe sales volumes of the Group included pipe sales of the American division in the total amount of 520 thousand tonnes, including 303 thousand tonnes of seamless pipe and 217 thousand tonnes of welded pipe.)

2020 Revenue down 28% YoY at RUB 222.6 billion, largely reflecting the disposal of the American division and the economic downturn caused by the COVID-19 pandemic

2020 Adjusted EBITDA down 2% YoY at RUB 42.5 billion. Our measures to adapt to the current macroeconomic conditions and focus on the development and promotion of our high-tech products, as well as a foreign exchange gain from operations, almost fully compensated for the disposal of the American division

Adjusted EBITDA margin at 19% in FY 2020 compared to 14% in FY 2019

TMK expects demand for OCTG pipe from Russian oil and gas companies to remain stable, supported by the continued development of their existing and new projects, as well as the increased complexity of hydrocarbon production in Russia. The Group expects consumption of industrial pipe in the European market to recover gradually after the lifting of major COVID-19 lockdowns and stimulated by government measures to support industrial companies in the eurozone countries. The Group expects TMK’s revenues to increase by up to 20% in 2021 based on the anticipated market recovery.

Source - Strategic Research Institute

voda 10 maart 2021 10:37

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Energy Process Engineering Paul Wurth Chair in Univ of Luxembourg

SMS Group’s company Paul Wurth and the University of Luxembourg have entered into an agreement to create and finance the Paul Wurth Chair in Energy Process Engineering. The five-year agreement was signed on 4 March 2021. The chair will be hosted at the University’s Faculty of Science, Technology and Medicine in the Department of Engineering. It aims to conduct cutting-edge research in the field of hydrogen processing and related aspects of carbon-neutral industrial processes. The team attached to the chair will also engage in teaching at Bachelor, Master and doctoral level. In addition, the chair will participate in outreach activities to stimulate interest in key challenges in the field of engineering.

The partnership supports Luxembourg’s ambition to develop a centre of excellence in fields surrounding the emerging hydrogen economy, to stimulate industrial development in process engineering and hydrogen and low carbon emission technologies, and to increase the output of skilled engineers.

The chair ties in with the University’s strategy to develop research and an educational offer with a focus on sustainability. Hydrogen is considered a crucial factor in future energy systems and energy transformation and in the transition to greener energy sources. One game-changing solution lies in Power-to-Liquid applications for the production of synthetic fuels and downstream products. Hydrogen also promises to become an alternative to coal – both as a reducing agent in steelmaking and as a driver of the large-scale transformation of the steel industry, which today is a large emitter of CO2. This cooperation will be instrumental for Paul Wurth to become a global innovation centre for metallurgy and hydrogen within the SMS group and to continue the technology-driven initiatives already started by dedicated taskforces. By bundling their respective expertise, Paul Wurth and SMS group strive to lead the transformation of the industry towards carbon-neutral production processes.

Source - Strategic Research Institute

voda 10 maart 2021 18:33

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Duits industrieconcern Thyssenkrupp schrapt nog eens 750 banen

Gepubliceerd op 10 maart 2021 18:23 | Views: 13

ArcelorMittal 17:35
20,72 -0,36 (-1,68%)

THYSSENKRUPP AG O.N. 09 mrt
11,76 -0,10 (-0,80%)

ESSEN (ANP/DPA) - Bij het Duitse industriële concern Thyssenkrupp verdwijnen nog eens 750 banen. De ontslagronde is het gevolg van de impact van de coronacrisis, waardoor eerder al duizenden banen verdwenen. Tegen de herfst van 2023 moet de reorganisatie bij de staaltak zijn afgerond, meldde Thyssenkrupp na gesprekken met de Duitse vakbond IG Metall.

Het staalconcern acht de ingrepen noodzakelijk om de schade van de crisis voor het bedrijf in zijn algemeenheid te beperken. Vorig jaar kondigde het bedrijf uit Essen al aan dat er duizenden banen zouden verdwijnen. In Nederland werken voor Thyssenkrupp honderden mensen.

Nog altijd is de verwachting dat Thyssenkrupp zijn staalactiviteiten van de hand zal doen. De laatste jaren zadelt die tak het concern op met verliezen. Het bedrijf zag eerder nog een fusie van de Europese staalactiviteiten met die van Tata Steel stuklopen door bezwaren van de Europese Commissie. Daarna liepen ook gesprekken met Liberty Steel voor een overname van de staaldivisie op niets uit.

voda 11 maart 2021 10:54

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Trade Unions Plan Indefinite Strike against RINL Privatization

Vizag Steel Plant Parirakshana Samithi’s Joint Action Committee has decided Rashtriya Ispat Nigam Limited’s Visakhapatnam Steel Plant worker will launch an indefinite strike to protest against the privatization of the steel plant. RINL’s recognized trade union Centre for Indian Trade Unions President Mr J Ayodhya Ramu said “We shall serve the strike notice to RINL management on Thursday. All the workers will go on an indefinite strike from a date which will be decided later. We have also decided to constitute committees with employees working in various departments of the steel plant and launch a campaign till March 19, preparing the workers for a long-drawn agitation.”

JAC has also decided to hold a dharna in front of the steel plant on March 15 and that representatives of the trade unions will go to Delhi on March 16 and 17 to represent issue with floor leaders of all political parties and request them to take up our case in Parliament. The JAC also decided to conduct a big rally in the name of Karmika Garjana at Trishna Grounds near the Steel City in Visakhapatnam on March 20.

Trade unions also plan to hold talks with farmers who have been protesting outside the Delhi NCR’s borders against the three contentious agricultural bills since November 27, to understand how to plan and manage a lengthy protest. A trade union leader said “We are studying their model of agitation and if possible, we shall adopt their strategy to wage a long-drawn battle to prevent privatisation of the Visakhapatnam Steel Plant. We have invited the farmers’ leaders to Visakhapatnam on March 28 for a meeting with steel plant workers on how to go about with future course of action.”

RINL has over 17,000 permanent employees and another 14,000 contract employees.

Source - Strategic Research Institute

voda 11 maart 2021 10:55

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Thyssenkrupp & IG Metall Union Conclude Pact to Strengthen Steel

German steel maker thyssenkrupp Steel and the trade union Industriegewerkschaft Metall have concluded a basic agreement to supplement the Future Pact for Steel collective agreement of March 24, 2020. It includes up to 750 additional job cuts in administration and production-related areas and the assessment of operator models for operating facilities to further increase efficiency in the company. The current collective agreement, which includes job safeguards until 2026, will remain in place. Thyssenkrupp Steel Europe AG board Chairman & thyssenkrupp AG Chief Financial Officer Dr Klaus Keysberg said “The agreement is an important step in the right direction and a milestone on the path to possible independence for the steel business. The agreement will help limit the financial losses caused by the coronavirus pandemic. That is a prerequisite for ensuring a sustainable future for Steel and a key element of a robust business case going forward.”

Thyssenkrupp recently approved the main investments under its Strategy 20-30. The first major contracts have already been awarded.

With the conversion of the Duisburg casting-rolling line and the construction of further units, the prerequisites for this are now being put in place. In the future, as part of the transformation to climate-neutral steel, it is planned to offer all products in “green” as well.

The “Future Pact for Steel” collective agreement concluded in March 2020 was made at the beginning of the pandemic and did not reflect its economic consequences. The basic agreement now adopted provides the basis for closing this gap: In addition to the 3,000 job cuts provided for in the collective agreement, a further reduction of up to 750 jobs is planned in administration and production-related areas. Implementation is to be completed by September 30, 2023. In addition, an assessment based on clear criteria will be carried out to see whether individual operating functions can be managed more efficiently via operator models.

Talks on details still to be clarified are to be concluded by mid-April.

Source - Strategic Research Institute

voda 11 maart 2021 10:56

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Tsingshan to Break Ground for Iron Mine & Steel Plant in Zimbabwe

Local media reported that world’s top producer of nickel and stainless steel Tsingshan Holdings Group Co’s local unit Afrochine will start construction on an iron ore mine, a carbon steel plant in Zimbabwe in May and fluorite and limestone production plant will also soon be set up. Zimbabwe’s Information Minister Ms Monica Mutsvangwa said “The ground breaking ceremony for the iron ore mine and carbon steel plant is scheduled for May 2021 at Manhize in Mvuma, south of Harare.”

Afrochine has signed a USD 1 billion agreement in June 2018 to build the plant with capacity for 2 million tonnes of steel annually. It currently produces ferrochrome after building furnaces in 2020 and plans to construct additional furnaces in May.

The government had previously said Tsingshan would also build a power station and had been given a lithium concession.

Tsingshan is one of the largest steel making giants globally, employing 80 000 people and has an annual output of 10 million tonnes of stainless steel with a turnover of USD 30 billion.

Source - Strategic Research Institute

Bijlage:

voda 11 maart 2021 10:56

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Pakistan Opens AD Probe on CR Steel Imports

Vide a notice issued on February 25, Pakistan’s National Tariff Commission has initiated an anti-dumping investigation into 0.15 mm to 3.00 mm thick cold rolled coils and sheets in width of 600 mm or more, excluding CRC and CR sheets used in auto skins & auto grade, originating in or exported from EU, South Korea, Taiwan and Vietnam. Interested parties are requested to identify themselves to National Tariff Commission no later than 10 days after the publication of the notice. All interested parties are invited to make their views & comments known to the commission, and to submit information and documents no later than 45 days from the date of the publication of the notice. The period under investigation is from October 1, 2019 to September 30, 2020.

The products are classified under Pakistan Customs Tariff (heading numbers 7209.1510, 7209.1590, 7209.1610, 7209.1690, 7209.1710, 7209.1790, 7209.1810, 7209.1891, 7209.1899, 7209.2510, 7209.2590, 7209.2610, 7209.2690, 7209.2710, 7209.2790, 7209.2810 and 7209.2890.

The investigation was launched upon the complaint by local CRC producers Aisha Steel Mills and International Steel.

Source - Strategic Research Institute

voda 11 maart 2021 10:57

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EUROFER Welcomes EU Vote on Carbon Border Adjustment Mechanism

The European Parliament has voted on its Carbon Border Adjustment Mechanism resolution, prior to a legislative proposal expected to be published by the European Commission in June. The resolution passed with a firm majority; Parliamentarians agreed on the principle that the EU’s higher climate ambition requires improved carbon leakage protection. European Steel Association EUROFER Director General Mr Axel Eggert said “The European Parliament has sent a clear signal that a workable carbon border measure is of critical importance for the transition of industry towards climate neutrality. The measure must fill the gap of the carbon cost differential with global competitors and imports instead of replacing or reducing current levels of carbon leakage protection. The straight replacement of free CO2 certificates with a border measure and full exposure to the costs of the EU Emissions Trading Scheme would be bad policy. Primary steelmaking makes up three-fifths of European production, and such producers would face carbon costs at least twenty times higher than global competitors exporting to the EU. This vote shows that the Parliament intends to defend manufacturing and jobs in Europe”.

Mr Eggert added “Higher climate ambition for 2030 and 2050 requires strengthened, not weakened, carbon leakage protection. This can only be achieved if the carbon border measure is implemented as a complementary tool to buttress existing carbon leakage measures. We welcome that elected MEPs recognised this. A border measure reinforcing existing carbon leakage measures is not double protection as such mechanisms are already only partial and digressive. A carbon border measure complementary to existing carbon leakage measures would decrease the product price impact on downstream sectors within the EU. This would better preserve the entire value chain. It would also reduce the direct impact on trade flows and mitigate trade tensions, providing a longer transition for negotiations over how other regions can follow Europe’s decarbonisation lead.”

European steel companies have been launching many projects to develop and implement breakthrough low carbon technologies. This transition will be successful only under the right market conditions facilitated by a supportive framework that includes effective carbon leakage measures. European industry in general, and steel specifically, need a level international playing field, one that favours fair competition, supports investment in innovation and the roll-out of breakthrough technologies. Markets for green materials must be created and appropriate low carbon energy sources also need to be available. Even with free allocation and compensation, EU producers bear carbon costs that are not applied to extra-EU competitors. This divergence will further increase in the future as the EU Emission Trading System is adjusted to attain higher levels of climate ambition. A carbon border measure without free allocation would see steelmakers in Europe, in effect, paying carbon costs multiple times higher than those faced by exporters to the EU.

Source - Strategic Research Institute

voda 11 maart 2021 10:58

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Nippon Steel Plans JPY 100 Billion Digital Transformation

Nippon Steel in new medium to long term management plan has announced JPY 100 billion or more into our digital transformation strategy over the next five years, with the aim of becoming a digitally advanced company in the steel industry. Specifically, we will strengthen our business competitiveness by making full use of data and digital technologies and implementing the following production and business process innovations. First, Nippon Steel will realize smart manufacturing by utilizing advanced digital technologies such as Al and the Internet of Things in order to advance the innovative evolution of strength in manufacturing. Through this initiative, Nippon Steel will expand the formalization and standardization of technology, including implicit knowledge of know-how, improve labor productivity through automation and predictive detection, and achieve production stability and further improvements to quality through the advancement of manufacturing technology. In addition, Nippon Steel will establish a foundation for remote operations management that will ensure the same level of operation and quality at our overseas facilities as that in Japan.

Second, as a measure to improve customer responsiveness, Nippon Steel will build an integrated production planning platform from order to production to delivery, thereby strengthening our flexible and optimal supply framework. In addition, Nippon Steel will develop a linkage relationship with supply chain information and other information, and work to create new value which Nippon Steel intend to pass on to customers.

Third, as a measure to enhance global management base, Nippon Steel will build an integrated data platform that provides real-time visibility of various management information and KPIs, enabling rapid improvement action and strengthening business intelligence, a data-based management support system. This will accelerate Nippon Steel decision-making from the management level to the front line and improve problem solving.

Source - Strategic Research Institute

voda 11 maart 2021 11:00

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Miory Steel Starts Production of Tinplate at New Mill

On February 22, an electrolytic tinning unit was launched at the Miory Steel’s rolling mill in Belarus, which is the final step in tinplate production. The first batch of white tinplate was produced in the amount of 150 tonnes. All operations are simply carried out continuously in one machine at a speed of up to 520 meters per minute. Synchronization was achieved for non-stop operation of the entire line to produce high quality tinplate. Currently, Miory Stee is in the process of obtaining certification of our tinplate according to European and Russian standards, testing each roll, eliminating minor flaws and preparing to bring the unit to full production capacity, which is 150 thousand tonnes per year

On August 6, 2020, the first CR coil was successfully rolled on the new reversing cold rolling mill, supplied by SMS group, at Miory Steel. In the first stage of expansion, equipment for an annual capacity of 150,000 tonnes was implemented. It serves Miory Steel to produce tinplate grades T1, T2, T3, DR7 and DR8 as well as thin sheet grades CQ and DQ. In the course of further expansion, capacity is planned to be increased to 240,000 tonnes.

Source - Strategic Research Institute

voda 11 maart 2021 11:01

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France to Support Liberty Steel’s Hayange & Ascoval Plant Workers

French Finance Minister Mr Bruno Le Maire told France 2 that France will support employees of industrial sites if they end up being threatened by the difficulties of finance firm Greensill Capital. He said “In any case, the state will stand behind these industrial sites and employees. The state would support employee’s at all three sites. If there is a financial difficulty, the state will be able to do the bridge, find alternative solutions. I have no worries over job losses.”

Liberty Steel Group had acquired the strategic French steel assets of France Rail Industry business Hayange located in Moselle in France and the Ascoval steelworks in Saint-Saulve in northern France, providing an initial EUR 65 million in new financing for them to enact its industrial plan, in August 2020. Hayange manufactures a wide range of steel rails for nationally significant infrastructure clients including France's national rail operator SNCF and the operator of the Paris metro system FtATP. The site employs around 430 people and produces annually 300,000 tonne of rails. Ascoval, which employs 270 people, uses an electric arc furnace and has a production capacity of an annual 600,000 tonnes of steel blooms, billets and other forged products from recycled scrap. Ascoval supplies semis to Hayange.

Source - Strategic Research Institute

voda 11 maart 2021 11:02

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Senator Patrick Seeks Clarity & Urges PM to Support Whyalla Steel

Australian media reported that South Australian Independent Senator Mr Rex Lyall Patrick wants the Australian Prime Minister Mr Scott John Morrison to make it clearwhat the Australian federal government is willing to do to ensure the Whyalla Steelworks survives its latest challenge. Mr Patrick said “At a time when a cloud of financial uncertainty hangs over Sanjeev Gupta’s GFG Alliance, it’s essential that the Australian Government reaffirm the critical national importance of domestic steel production and the vital contribution the Whyalla steelworks makes to the city of Whyalla and South Australia. Prime Minister must speak directly to Mr Gupta to obtain a clear statement of GFG Alliance's challenging financial position. Especially as it potentially impacts on the future of the Whyalla steelworks and the hundreds of businesses that provide supplies and services to the business.”

He said “Hopefully Mr Gupta will be able to provide the Prime Minster and the Australian public with credible assurances that GFG will be able to weather the storm from the collapse of their financier backer, Greensill Capital. In any case the Prime Minister must publicly commit his Government to ensure that the Whyalla steelworks is safe and move without delay to put in place contingency plans to deal with the fallout in the event that GFG Alliance collapses. I'm not saying the government should write a cheque at this stage but I want the Prime Minister to stand up and assure the people of Whyalla that no matter what we will have a steelworks in Whyalla. We have to plan for the worst and hope for the best.”

He also tweeted “In 2018 @ScottMorrisonMP heaped praise on Sanjeev Gupta. He declared Whyalla was ‘a city with a future’. What now? This can't be another 'I don't hold a hose mate' moment. The PM must pick up the welder & do what it takes to save Whyalla.”

Senator Patrick added “Australian steel production is an essential component of our industrial and manufacturing base. It is key part of national infrastructure projects such as the Inland Rail project, to shipbuilding and to Australia’s national security. If the Whyalla steelworks were forced by external financial factors to close, it would be a grave blow to Australia’s national self-reliance and resilience.”

He also said “When the steelwork’s previous owner Arrium went into administration in 2016, my predecessor Senator Nick Xenophon was able to enlist the active engagement of then Prime Minister Malcolm Turnbull in efforts to support the Whyalla steelworks.”

Source - Strategic Research Institute

voda 11 maart 2021 11:03

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Klockner & Co Expects Improved Income in 2021

German steel producer and metal distributor Klöckner & Co SE announced that the adverse effects on markets resulting from the COVID-19 pandemic led to a decline in Klöckner & Co’s sales in 2020 by around 19% YoY to EUR 5.1 billion. The Surtsey transformation project limited the negative impact on EBITDA before material special effects to a decrease of 10% from EUR 124 million in 2019 to EUR 111 million. Additionally affected by EUR 59 million in restructuring expenses, the net loss was EUR 114 million, compared with a net loss of EUR 55 million in 2019. Klöckner & Co SE CEO Gisbert Rühl said “Every crisis is also an opportunity. So we do not look back over the past year with a solely negative perspective. With the Surtsey project launched immediately after the onset of the pandemic, we gave an additional boost to our digital transformation. The resulting positive effects are now becoming increasingly visible and will lead together with the growing demand and the high price level to a very considerably improved income in the current year.”

The Group has not only further accelerated digitalization but also implemented accompanying as well as additional restructuring measures within the framework of the Surtsey transformation project. As part of these measures, more than 80% of the planned reduction in the workforce by a total of some 1,200 positions in Europe and the USA has already been implemented.

For fiscal year 2021, despite the ongoing COVID-19 pandemic, Klöckner & Co expects a significant rise in real steel demand and consequently a considerable increase in sales. Additionally driven by the positive effects of the Surtsey transformation project and the positive start-of-year price trend, the Group expects very considerable growth in EBITDA before material special effects. Substantial positive special effects are additionally expected from sales of assets as part of Surtsey. For the first quarter of 2021, an extraordinarily high operating income EBITDA of EUR 110–130 million before material special effects is expected.

Klöckner & Co is one of the largest producer-independent distributors of steel and metal products and one of the leading steel service companies. Based on its distribution and service network of some 140 locations in 13 countries, Klöckner & Co supplies more than 100,000 customers. Currently, the Group has some 7,300 employees. Klöckner & Co is in the process of digitalizing its entire supply and value chain. XOM Materials, an independent venture launched by the Klöckner & Co Group, is geared to develop into the leading industry platform for steel, metal and related products.

XOM Materials is the go-to online platform for trading materials such as steel, metals, and plastics. It provides intelligent, ready-made procurement and sales solutions for buyers and sellers aiming to future-proof their businesses. XOM enables customers to digitize easily without having to invest in developing their own technology. Klöckner & Co founded XOM Materials in 2017 in Berlin bringing together a wealth of experience in digitization, startups, and the materials industry and officially launched XOM Marketplace in 2018 followed by opening of second office in Germany & new US subsidiary opened in Atlanta in Georgia. XOM Materials also opened first XOM eShop in 2018. XOM Materials launched XOM eProcurement in 2020.

Source - Strategic Research Institute

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voda 11 maart 2021 11:04

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Apollo Halts Talks to Acquire Parts of Greensill Capital

Financial Times, citing people familiar with the matter, reported that US private equity firm Apollo Global Management, which has made a USD 59.5 million cash offer for Greensill Capital's IT systems and intellectual property after it filed for administration on March 8th, has now halted talks to acquire parts of Greensill following an escalating stand off with US company Taulia, which once provided technology to the supply chain finance group, as Taulia looked to move its users to other providers, primarily the US bank JPMorgan. If the offer by Apollo is saved, it would potentially rescue the jobs of up to 500 UK Greensill employees. But a collapsed deal would reveal Greensill's reliance on technology partners, despite the firm selling itself as one with a reputation for AI and ML excellence.

Meanwhile, Greensill Capital issued a public statement via its website saying “Chris Laverty, Trevor O’Sullivan and Will Stagg of Grant Thornton UK LLP were appointed as joint administrators of Greensill Capital (UK) Limited and Greensill Capital Management Company (UK) Limited on 8 March 2021 (the Joint Administrators). The Joint Administrators are in continued discussion with an interested party in relation to the purchase of certain Greensill Capital assets. As these discussions remain ongoing, it would be inappropriate to comment further at this time. Following these appointments, the directors of Greensill Capital Pty Ltd resolved to appoint Matt Byrnes, Phil Campbell-Wilson, and Michael McCann of Grant Thornton Australia Ltd, as voluntary administrators in Australia. Greensill Capital Pty is the parent company for the Greensill Group, and provides administration and head office support to the Group but operates only in a limited capacity.”

The London-based fintech Greensill Capital specialised in the provision of supply financing and related services. It was also Liberty Steel's biggest financial backer.

Source - Strategic Research Institute

voda 11 maart 2021 11:06

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GET H2 Seek State Funding under IPCEI Program

Seven companies from the GET H2 initiative bp, Evonik, Nowega, OGE, RWE, Salzgitter Flachstahl and Thyssengas have now expressed their interest in funding under the IPCEI program, Important Project of Common European Interest, submitted to the Federal Ministry of Economics. By using green hydrogen in refineries, in steel production and for further industrial use, the overall project outlined here is intended to avoid CO 2 emissions of up to 16 million tonnes by 2030. The consortium wants to set up a cross-border infrastructure for hydrogen starting with the generation of green hydrogen, through transport, to industrial use. From Lingen in Emsland to Gelsenkirchen and from the Dutch border to Salzgitter, the generation, transport, storage and industrial purchase of green hydrogen are to be combined in several steps between 2024 and 2030 under the umbrella of the overall project.

In Lingen, RWE generates green hydrogen through electrolysis. From 2024 the bp refinery in Gelsenkirchen will be supplied with it. Most of the transport takes place via existing pipelines in the gas network, which will be converted to hydrogen transport. The expansion of the network to the Dutch border is planned for 2025, and a cavern storage facility is to be integrated in Gronau-Epe by RWE in 2026. The network is to be expanded to the Salzgitter steelworks by 2030 and, if necessary, to connect to other networks

Together, the overall project can map the essential building blocks of the green hydrogen value chain and form the basis for an efficient European gas infrastructure for hydrogen. With the integration of a cavern storage facility by RWE in Gronau-Epe, the system, which is based on electricity generation from wind energy, can also make a contribution to security of supply. The link to the Dutch gas market lays the foundation for a trans-European hydrogen market. The expansion of the project by partners from the transport sector and for the distribution of green hydrogen in the area is also already in preparation. Other partners of the GET H2 initiative have also expressed their interest in IPCEI funding for projects

The companies want to promote the development of a hydrogen economy. However, these plans can only be implemented with the necessary regulatory framework. The current focus is primarily on the amendment to the Energy Industry Act. The companies are convinced that the draft adopted by the Federal Cabinet at the beginning of February falls short. There is no overarching regulation of gas and hydrogen networks with a uniform gas and hydrogen network fee. However, that would be the best solution to enable uniform and non-discriminatory use of the hydrogen infrastructure on sustainable terms. The network construction can be partially financed through the IPCEI program. However, the financing of the network operation requires a long-term solution to the fee issue in the EnWG.

The move follows announcement earlier this week by six companies, five of them from the Saarland in Germany, have jointly applied for IPCEI funding to develop a green hydrogen economy in the Saarland, France and Luxembourg. The energy company STEAG, the plant manufacturer Siemens Energy, the grid operator Creos Deutschland, the Saarbahn public transport compan, and the Stahl Holding Saar with its companies Dillinger and Saarstahl have developed a joint project idea aimed at establishing a cross border and prospectively green hydrogen economy through the production, use and transport of hydrogen.

Source - Strategic Research Institute

Bijlage:

voda 11 maart 2021 11:08

0

Environmental Clearance Granted for Kadapa Steel Plant of APHGS

In a major boost to setting up of the Kadapa Steel plant, Central Government has given environmental clearances within four months of the Andhra Pradesh government’s application. The state government had submitted the proposal on December 20, 2020 to grant environmental clearances for Kadapa Steel Plant and sent amendments on January 29, 2021. Andhra government had attached a copy of the Environmental Impact Assessment to these proposals. According to an official statement issued by the state government, the EAC meetings on the proposals were held in December and February, and favourably disposed towards the government proposals and action plans. The board conducted a comprehensive review of the proposals and finally approved them.

Andhra Pradesh government had submitted proposals to set up AP High Grade Steels Ltd plant at Sunnapurallapalle and Peddananduluru villages in Kadapa district, with a capacity to produce three million tonnes per annum, including 84.7 MW of electricity generation in the first phase. It is taking up the project through a joint venture by engaging a private developer. The State Cabinet had recently approved Liberty Steel India as the joint venture developer of the steel plant.

Source - Strategic Research Institute

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