Eurobench.com

voda 12 maart 2021 13:53

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NLMK Supplies Electrical Steel for Shunt Reactors of Leningrad NPP

Russian steel maker NLMK Group has supplied a batch of transformer steel to leading Russian manufacturers of transformer and reactor equipment Elektrozavod. The steel was used in the production of 750 kV shunt reactors for power distribution facilities of the new power unit of the Leningrad NPP of Rosenergoatom.

Six phases of the reactors manufactured by Electrozavod have already been delivered to the Leningrad NPP site in Sosnovy Bor, Leningrad Region. Shunt reactors are needed to increase the stability and capacity of the power grid by compensating for reactive power and controlling voltage levels. Their installation will make it possible to ensure reliable power delivery of not only the new, but also the existing units of the Leningrad NPP.

NLMK Group is the only transformer steel producer in the CIS and holds 11% of the world market. NLMK Group transformer steel is supplied to 60 countries of the world.

Source - Strategic Research Institute

voda 12 maart 2021 13:54

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Tex-Isle Constructing OCTG Mill in Robstown in Texas

Local media reported that Houston based leading provider of OCTG, Line Pipe, and associated services Tex-Isle Inc is constructing a facility in Robstown in in Texas. Tex-Isle had announced plans in January to open a new steel tubular mill located in in the 3rd quarter of 2021. The Greenfield project will be adjacent to the company's current OCTG heat treating, inspection, and threading facility in Robstown. When complete, the mill will build on Tex-Isle's Asset Based Distribution model and provide feedstock to its other facilities. The mill will add to Tex-Isle's growing footprint in the coastal bend area and bring Tex-Isle's total capital investment in the region to nearly USD 100 million.

The mill will be housed in a 60,000 square foot facility, bringing the company's total under roof to 250,000 square feet, and is designed to produce steel tubes from 2.375 - 8.625 inches OD. Overall, the facility will have the ability to produce 350,000 tons per year, of which, 250,000 tons is slated for API material with the remaining 100,000 tons reserved for structural products. The addition of structural tubulars will deliver much needed supply to the rapidly growing Corpus Christi and South Texas regions.

In 2009 Tex-Isle embarked on a vertical integration initiative, which, over the past decade has included the creation of two new divisions: Tex-Isle Coating in George West and Tex-Isle Processing in Robstown in Texas.

The project is another step for Tex-Isle in an ongoing effort to be a leader in the industry wide push for greater ESG stewardship. The facility is designed to run on 100% electric technology; allowing for the use of renewable energy to power the mill. In addition to all electric manufacturing, the pipe mill's raw material, hot-rolled coil, will be supplied by manufacturers using EAF technology, which produce their product from as much as 85% recycled material.

Tex-Isle is a third generation, family-owned business, founded by Hans Kayem in 1959.

Source - Strategic Research Institute

voda 12 maart 2021 13:55

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Indonesian Steel Imports Shrink by 34% YoY in 2020

VNA reported that Indonesia Ministry of Industry Director-General of Metal, Machinery, Transportation Equipment and Electronics Mr Taufiek Bawazier said that Indonesia’s steel imports reduced by 34% in 2020 compared to the previous year, while its production jumped by 30% from 8.89 million tonnes to 11.58 million tonnes

Semis - 3.46 million tonnes, down by 4.7%

HR & Plates - 1.18 million tonnes, down by 28.0%

CR – 0.59 million tonnes, down by 35.6%

This year, Indonesia aims to lower steel imports by 50% from 2020.

Source - Strategic Research Institute

voda 12 maart 2021 13:56

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NLMK Re Elects Mr Grigory Fedorishin as Chairman of Board

The Board of Directors of NLMK Group at a meeting on March 5 proposed to shareholders to re-elect Mr Grigory Fedorishin as President (Chairman of the Management Board) of the company at the annual meeting of shareholders.

Eleven candidates have been nominated to the board of directors for election at the annual meeting of shareholders:

Bagrin Oleg

Verasto Thomas

Gagarin Nikolay

Zavalishina Evgeniya

Kravchenko Sergey

Limberg Joachim

Lisin Vladimir

Oudeman Marjan

Sarkisov Karen

Shekshnya Stanislav

Shortino Benedict

Source - Strategic Research Institute

voda 12 maart 2021 13:56

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Danieli Heavy Duty Straightener in Operation at Topy in Japan

Japanese Topy Industries Limited is operating its new off-line straightener for long products, installed at the Toyohashi plant where it is already running the first spooler line in Japan, supplied by Danieli in 2018. With a weight of 60 tons the new machine is working separately from the rolling line, straightening profiles and sections including equal, unequal and inverted angles, grating beams, deformed flats and mast rails. According to Topy’s specific request, the machine was designed in order to allow roll-change sequences in just 30 minutes.

The 60 tonne straighter, which had been manufactured at the Danieli workshops in China, was shipped as a single piece to Topy’s private dock.

Project erection and commissioning phase were carried out with a reduced number of Danieli supervisors on-site and with the help of Danieli remote support.

Source - Strategic Research Institute

voda 12 maart 2021 13:59

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New Drawing Mills for Mechel Beloretsk Metallurgical Plant

Mechel Group’s Beloretsk Metallurgical Plant has received 4 new drawing mills as part of a project to modernize wire rope production. The total cost of the equipment received was about 220 million rubles. Earlier, BMK has already received 4 new mills; in total, 12 machines will be installed within the framework of the project by the end of 2023. New drawing machines of the Italian company Mario Frigerio SpA will be installed in the alloy wire workshop. All of them are equipped with a mechanical system for removing and cleaning wire rod (wire blanks) from scale. This will reduce the amount of chemical pickling and water consumption in the workshop.

It is planned to produce billets from wire rod at three mills for the production of galvanized low-carbon wire. The productivity of each machine is from 4.8 to 9.6 thousand tons of wire per year. The fourth mill with an annual capacity of 15.6 thousand tons of wire is intended for the manufacture of products that are in constant demand: wire for reinforcing strands, high-strength reinforcing and spring wires.

The project for the modernization of the steel wire and rope production of BMK with a total cost of 1.5 billion rubles is planned to be completed by the end of 2023. The project is being implemented with the support of the RF Industry Development Fund.

The Italian company Mario Frigerio SpA, part of the international holding MFL Group, is one of the oldest European manufacturers of technological equipment for metallurgical and hardware enterprises.

Source - Strategic Research Institute

voda 12 maart 2021 14:00

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Fake Steel Traders under Probe for Fraud against Czech Banks

Czech media reported that an international crime group, which defrauded two Czech banks and an insurance company out of USD 63 million in a sophisticated fraud scheme involving fictitious steel trading is now facing charges. The individuals were allegedly in an operation to create a fictitious chain of customer-supplier relationships that copied the real business of foreign companies in the international steel trade. Four individuals, three Czech citizens and one foreigner, are facing insurance and credit fraud charges. They could face between 5 to 10 years in prison.

Police spokesman Mr Jaroslav Ibehej said "According to our conclusions, the accused persons had a very good knowledge of international transactions, bill of exchange transactions and knowledge of documents that are required for sea transport. Based on false documents provided by the accused, Czech banks provided funds for 21 fake deals.”

Czech authorities are collaborating with investigators from the United Kingdom, where the main perpetrators of the crime are being prosecuted.

According to the organized crime unit, the case has been investigated since 2013 and a criminal prosecution was launched in 2017.

Source - Strategic Research Institute

voda 12 maart 2021 14:00

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SeAH Steel Investing in Wind Tower Making Business

Korea Times reported that SeAH Steel is going to open a new era of offshore wind power generation. SeAH Steel announced on March 4 that it will issue KWR 80 billion won (USD 72 million) in corporate bonds through the Financial Supervisory Service's electronic disclosure system. With the issuance of corporate bonds, the company will set up production bases for offshore wind power generation facilities in Korea and the UK. SeAH Steel is going to invest KWR 80 billion won to build a production plant for offshore wind infrastructure. Once the plant is completed, 72,000 tonnes of offshore wind infrastructure is expected to be produced annually.

The company has decided on a new offshore wind power plant as its new business as its main business, the steel pipe performance, has been sluggish due to poor domestic demand and stricter export regulations. SeAH Steel signed a MoU with the UK government on 19 August 2020 to build a UK-based facility that handles 160,000 tons of monopile production annually.

A monopile is a steel tube that serves as a fixed foundation for an offshore wind turbine. Durability and corrosion-resistance are crucial for monopiles, production of which requires advanced welding techniques.

In 1960, SeAH Group was founded by brothers Lee Woon-hyung (former chairman) and Lee Soon-hyung (current chairman). In 2018, the group transitioned into a holding company by separating into two entities: SeAH Steel Holdings and SeAH Holdings Corp. The before-mentioned Lee Joo-sung, son of the current chairman, currently oversees SeAH Steel; while Lee Tae-sung, son of the former chairman, runs SeAH Holdings.

Source - Strategic Research Institute

voda 12 maart 2021 14:01

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Hoa Phat Acquires 2 Ships to Transport Coal & Iron Ore

At the end of February 2021, Hoa Phat Shipping Joint Stock Company completed the purchase and receipt of two large bulk carriers with a tonnage of 90,000 tonnes, a modern engine system and was built in Japan. These ships will transport coal and iron ore to the Group. With a tonnage of up to 90,000 tons, this large bulk carrier will help Hoa Phat be proactive in transporting materials for production and business.

Hoa Phat has a huge quantity of goods. Each year, it is necessary to import tens of millions of tonnes of raw materials such as iron ore, coal, limestone, scrap at home and abroad to serve production. This is a great advantage for Hoa Phat to own a ship and participate in the shipping industry, optimizing shipping costs for the Group.

Hoa Phat Shipping Joint Stock Company is responsible for chartering of all orders for the Group's FOB and CFR sales, and at the same time accepts commercial orders from the market.

Source - Strategic Research Institute

voda 12 maart 2021 14:03

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NLMK Pennsylvania Signs New Labor Contract with Workers

NLMK Pennsylvania, NLMK Group US Division Company, and The United Steelworkers have agreed to a new four-year contract for their employees. The new contract came into force on March 1st 2021. It contains wage increases and expanded health insurance options. Employees will be able to choose from two types of insurance plans with different costs and coverage. The parties have also agreed on a new incentive plan: increase in production will have a direct impact on wage growth.

The new deal marks the end of the negotiations and the strike at the NLMK Pennsylvania plant in Farrell. The Company and the Union are working together on bringing the employees back to work over the next two weeks.

Source - Strategic Research Institute

voda 12 maart 2021 14:03

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Zekelman’s Picoma Celebrates 75th Anniversary in Ohio

Zekelman Industries division Picoma is celebrating 75 years as a domestic manufacturer of electrical elbows, couplings and nipples. Picoma has a long history in the steel industry, dating back to its founding in 1946. Company leadership and employees credit Picoma's longevity in the business to the company's commitment to domestic manufacturing. Picoma's general manager for North America Mr Steve Camilletti said "We started out manufacturing in Ohio 75 years ago, and we're still doing it here today. The commitment to controlling our own destiny, controlling our service, controlling our quality, and to making an American-made product, that's what's really kept us going all these years.”

When asked about the company's future, Picoma's leadership says they've made modernization a priority. They're embracing a human-machine co-manufacturing environment that has allowed them to automate without losing their workforce. Picoma is also investing significantly in high-tech equipment, eco friendly manufacturing practices, and online ordering and inventory management services. Over the last five years, Picoma has added 35 US jobs and continues to produce 100% American-made EC&N using domestically sourced steel.

Cambridge Ohio based Picoma, a division of Zekelman Industries, manufactures a complete line of electrical conduit fittings galvanized elbows, couplings and nipples and a complete EC&N package of aluminum, running thread and service meter masts.

Zekelman Industries includes the operating divisions of Atlas Tube, Picoma, Sharon Tube, Wheatland Tube, Western Tube and Z Modular. It is the largest independent manufacturer of hollow structural sections and steel pipe, and the top producer of electrical conduit and elbows, couplings and nipples in North America. Zekelman Industries delivers a broad range of pipe and tube solutions that build its customers' success.

Source - Strategic Research Institute

voda 12 maart 2021 14:08

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FACTBOX – Liberty Steel Assets in UK, EU, Australia & USA

With a total rolling capacity of 20 million tonnes, 200+ manufacturing locations globally across 12 countries and more than 30,000 people employed, GFG Alliance’s claims of comprehensive product range includes iron ore and coking coal, recycled steel as well as semis, long and flat steel products and value added services.

According to Liberty Steel website

LIBERTY Steel UK is the third largest steel manufacturer in the country, with a footprint that covers ten sites across England, Scotland and Wales. It employs nearly 3,000 people and has an annual steel rolling capacity exceeding three million tonnes.

Hartlepool - SAW pipes

Teeside - Powder metals

Stocksbridge - Speciality steels

Rotherham - Speciality Steels Steel & Bars

Scunthorpe - Merchant Bars

Wednesbuty - Bright Bars

West Bromwich - Precision steel strip

Dalzell - Steel plate

Brinsworth - Narrow strip

Tredegar - Hollow section

Newport - Hot rolled coil

LIBERTY Steel in Europe has plants located in the Czech Republic, Romania, France, Belgium, Luxembourg, Italy and North Macedonia. These operations employ over 14,000 people across seven steelworks and five service centres and have a combined annual rolling capacity of 10 million tonnes per annum.

Magona Italy - Hot-dip galvanized steel, pre-painted

Skopje North Macedonia - Cold rolled coils & sheets, hot dip galvanized coils & sheets, organic coated coils

Galati Romania - Heavy plates, hot rolled coils & sheets, pickled & oiled coils, cold rolled coils & sheets, hot dip galvanized coils & sheets, organic coated coils, LSAW Pipes

Ostrava Czech Republic - HRC, road barriers, merchant bar & sections, wire rods, tubular steels, mine supports

Hayange France - Rails

Ascoval France - steel blooms, billets

Liège-Dudelange Belgium - Hot dip galvanized, Aluzinc, Alsil

LIBERTY Steel Australia consists of its Primary Steel and Mining operations, based in Whyalla, South Australia, and Tahmoor, in NSW. Employing nearly 6,500 across more than 170 sites in Australia, it manufactures over 3 million tonnes of steel. Whyalla Steelworks is located at Whyalla in South Australia. It also includes its vertically integrated steel manufacturing business InfraBuild for reinforcing bar and wire products for construction applications, merchant bar, and speciality bar and wire for manufacturing applications.

LIBERTY Steel USA is one of the leading manufacturers of wire rod. Employing 1,500 people across 16 locations, LIBERTY Steel USA has an annual steel rolling capacity of over two million tonnes.

Las Cruces LEWP - Welded wire reinforcement mesh

Summerville LSTM - PC strand

Georgetown LSG - Billet (melting), wire rod, industrial wire

Peoria LSWP - Billet (melting), wire rod, industrial wire, agriculture fence products RedBrand

Chicago Heights IL LBP - Bar products

Upper Sandusky & Warren LEWP - Welded wire reinforcement mesh

Johnstown LJW - Industrial wire

In addition, Liberty has acquired Adhunik Metallics & Zion Steel in India and Andhra Pradesh has recently approved Liberty Steel India as the joint venture developer of AP High Grade Steels Ltd’s Kadappa steel plant.

Source - Strategic Research Institute

voda 15 maart 2021 14:21

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(ingekort)

Volgens overheidscijfers steeg de staalproductie in 2020 met 1,4%. Een recente analyse door het nieuwsmedium Caixin van 247 staalfabrieken blijkt dat hun productie in de eerste helft van deze maand met 12,2 procentpunt is toegenomen ten opzichte van vorig jaar. Het aantal draaiende fabrieken ligt 6,3 procentpunt hoger. De industrie, die zich voornamelijk in en om Peking bevindt, is de grootste afnemer van steenkool, wat weer in grote mate bijdraagt aan de uitstoot van het broeikasgas CO2.

Het lijkt haaks te staan op het vorig jaar door president Xi Jining groots aangekondigde doel om CO2-neutraal te zijn in 2060, al waarschuwde hij toen al dat de energieconsumptie tot 2030 eerst zou pieken alvorens zij zou dalen. Het uitstootdoel kwam afgelopen week tijdens de jaarlijkse bijeenkomst van het Volkscongres nagenoeg niet aan de orde. Het werkplan van de regering noemt het woord luchtvervuiling twee keer, verbetering van het milieu een keer of zes. Het heeft er alle schijn van dat milieudoelen de komende tijd een stap opzij doen om het aangekondigde economische groeidoel van 6% voor dit jaar te halen. Voor de inwoners van Peking is het dan ook ongewis wanneer zij weer een streepje blauw aan de hemel zullen ontwaren.

Originele link van het artikel: fd.nl/economie-politiek/1377153/noord...

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voda 15 maart 2021 14:40

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Tangshan City Cracks Down on Polluting Steel Mills

According to latest reports, authorities in China’s steelmaking hub Tangshan city in Hebei Province have vowed to crack down on illicit emissions after two weeks of heavy smog across northern China. Tangshan’s Deputy Mayor Mr Li Guifu ordered factories to limit or halt production on days when a heavy pollution alert was in place to reduce the overall emissions of air pollutants such as sulphuric dioxide or nitrogen oxide by 50%. Mr Li told all factories to follow the city’s environmental protection plan, and warned that any steel and cement plants that fail to do so will have their pollutant discharge permits revoked and production suspended. He added that the consequences of failing to meet the requirements also include detention or criminal liability for the plant owner. For companies that do not meet the environmental requirements, all their pollutant discharge permits will be revoked and their discharge performance rating will be cut to D, which would demand them to suspend production.

Mr Li issued the warning after a surprise inspection by central government found four plants in Tangshan had failed to comply with regulations. Ministry of Ecology and Environment Minister Mr Huang Runqiu led inspection team found on Thursday that a stainless steel producer belonging to HBIS Group, plus Tangshan Jinma Steel Group and two other mills, were producing at high rates during the pollution alert and had falsified production records. The four mills were all fined 1 million yuan each and had their discharge permits revoked,

According to China’s environment ministry’s figures, the 10 cities with the worst air quality in China last year were all in Hebei or the neighbouring municipalities of Beijing and Tianjin. Tangshan is one of China’s most polluted cities because of the heavy industries and the smog it emits also affects the air in Beijing which is less than 200 kilometer away. Tangshan launched a level-II emergency response to heavy pollution on March 7, which is yet to be lifted.

Source - Strategic Research Institute

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voda 15 maart 2021 14:42

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Liberty Steel Furloughs 660 Workers at Rotherham Plant

The Guardian reported that UK’s third largest steel maker Liberty Steel will pause some production at its UK plants as workers prepare to be furloughed for as long as a month while the business tries to conserve cash. As per report, about 180 workers at Liberty’s plant in Rotherham in South Yorkshire, Speciality Steels Steel & Bars business, were put on furlough on Friday evening under the government’s coronavirus support scheme. Some of the site’s 660 staff has been told they may not be able to return to work until 14 April as the company tries to reduce its cash outflows. Liberty’s parent company, GFG Alliance confirmed that “Some parts of the business would be operating intermittently. This can be achieved without compromising the condition of the plant.”

The report added that Liberty’s owner Mr Sanjeev Gupta has told the heads of companies in his steel and industrial empire to keep cash in the business and reduce their call on group resources, as he tries to reach an agreement over debts owed to a collapsed lender. He said GFG hoped for a formal standstill agreement that would put on hold arrangements between the two parties and allow both sides more time to assess and negotiate next steps.

GFG has hired investment bankers from PJT Partners, the restructuring advisers Alvarez & Marsal and the law firm Norton Rose Fulbright to help in negotiations with the administrators. They are also advising on negotiations with an undisclosed number of potential lenders to inject more cash to the business. Mr Gupta also said on Friday that he had received various offers to refinance, but that he needed time to reach a deal with Greensill’s adminstrators.

Mr Gupta’s GFG Alliance, which employs a global workforce of 35,000, was put under severe pressure this week after its key lender, Greensill Capital, collapsed into administration on last Monday.

Source - Strategic Research Institute

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voda 15 maart 2021 14:43

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Court Allows ArcelorMittal Italia to Continue Activity at Taranto

Italy's highest administrative court the Council of State on Friday upheld ArcelorMittal's appeal against the Lecce Regional Administrative Court TAR's recent order to comply with Taranto Mayor Mr Rinaldo Melucci's emissions ban and shut down the blast furnaces in the Puglia city by April 14. The closure has been suspended pending a definitive ruling on May 13. ArcelorMittal Italia announced “The State Council, following the Council session of March 11th, has ordered the suspension of the sentence of the Region Administrative Court of Lecce no. 249/2021, meaning that ArcelorMittal Italia has no obligation to start the shutdown of the Taranto hot area installations. The production activity can continue regularly.”

In its ruling, the TAR had said the danger to the local population from the emissions from Europe's biggest steel plant is permanent. TAR ordered the halting of activities in the hot area within 60 days, ie by April 14, in order to prevent emissions from the plant. The hot area includes the plant's blast furnaces, mineral storage areas, the coke plant, the steel mill, the area for managing steel materials, and the agglomeration area.

The plant's trade union leaders had met Industry Minister Giancarlo Giorgetti after industrial employers group Confindustria issued an urgent appeal against the shutdown.

Source - Strategic Research Institute

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voda 15 maart 2021 14:45

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BMW Invests in Boston Metal for CO2 Free Steel Production

Global auto giant German BMW Group is systematically implementing its sustainability goals. The company is investing in an innovative method for CO2 free steel production developed by American startup Boston Metal, through its venture capital fund, BMW i Ventures. The BMW Group established close contact with Boston Metal already last year in the context of its own research activities and through the BMW Startup Garage. The company is now investing in the startup as part of its i Ventures activities. Over the coming years, Boston Metal plans to expand the new method for steel production on an industrial scale. The investment is part of the BMW Group’s far reaching sustainability activities aimed at significantly reducing CO2 emissions across the supplier network.

Boston Metal is a global metals technology solutions company that is commercializing molten oxide electrolysis, a patented tonnage metals production platform. MOE provides the metals industry with a more efficient, lower cost, and greener solution for the production of a wide variety of metals and alloys from a wide variety of feedstocks. Boston Metal works closely with customers to tailor the MOE technology for specific alloys, feedstocks, and business needs.

The blast furnaces used in conventional steel production generate carbon dioxide. The startup Boston Metal uses electricity for its new technology, which, by means of an electrolysis cell, produces molten iron that is later processed into steel. If electricity from renewable energies is used for this process, then steel production is carbon free. The young company will build demonstration facilities for this process over the next few years and further develop it for use on an industrial scale.

With its versatile properties, steel is one of the most important materials in car production and will be no less important for future vehicle generations. Even with the dynamic ramp-up of electromobility, steel will remain an important building material for car bodies and many components. BMW Group press plants in Europe process more than half a million tonnes of steel per year.

Source - Strategic Research Institute

voda 15 maart 2021 14:46

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Severstal Suspends Siberian Welded OCTG JV Construction

Russian steel maker Severstal has suspended the implementation of a joint project with leading pipe maker Tenaris to build an OCTG pipe plant in the Khanty Mansiysk Autonomous District in Surgut area in West Siberia in Russian Federation. Severstal CEO Mr Alexander Shevelev told reporters "As of today, the project is on hold. We have completed the first stage, which was related to obtaining a construction permit, earth works & preparatory work. We are ready in principle to continue this project, but due to the situation on the markets, we see that the demand for pipes is decreasing, prices have dropped significantly, we have decided to suspend this project.”

Tenaris & Severstal had announced formation of 49:51 joint venture on 5 Febuary 2019 to build welded pipe plant to produce OCTG products. The plant, which was estimated to require an investment of USD240 million planned to have an annual production capacity of 300,000 tonnes. Through this joint venture, Tenaris and Severstal aim to serve the growing market for welded OCTG pipe products in Russia and neighbouring countries, combining Tenaris’s knowhow in OCTG pipe manufacturing and sales with Severstal’s expertise in producing high quality steel products.

The plant is in the heart of the West Siberian basin, which the US Geological Survey classifies as the largest petroleum basin in the world. In addition to mature oilfields that have been supplying Russia and Europe with energy for many decades, the region is also home to the Bazhenov shale, which has potential reserves ten times greater than those of the Bakken Formation in North Dakota.

Source - Strategic Research Institute

voda 15 maart 2021 14:47

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Steel Asia Aims to Start H Beam Plant in Philippines in 2023

Taguig Metro Manila based steel company SteelAsia Manufacturing Corp announced that country’s first steel beams manufacturing plant in Municipality of Lemery in Province of Batangas in Philippines is expected to start operations in 2023. The plant will produce products used in infrastructure and heavy construction including H & I beams, sheet piles, heavy angles and channels that are all currently being imported. It will have a capacity of 1.1 million tonnes per year. SteelAsia said the plant will recycle steel scrap that is currently exported.

SMS and Fives provided the design and supplied the equipment for the manufacturing plant. Construction of the two production units, steel making and steel section rolling, which broke ground in 2019, was suspended due to the Covid-19 lockdowns.

SteelAsia is mainly a reinforcing steel bar producer. The company has plants in Davao, Cebu, Misamis Oriental, Batangas, and Bulacan and is also putting up plants in Compostela Cebu, Tarlac and Quezon Province.

Source - Strategic Research Institute

voda 15 maart 2021 14:48

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Odisha Aims for 100 Million Tonnes Steel by 2030

Indian Institute of Mass Communication Dhenkanal Assistant Professor Jyoti Prakash Mohapatra wrote in Pioneer that while the Odisha Economic Survey 2021 Report says the total installed capacity of steel plants in Odisha is 32.82 million tonnes per annum, Odisha Government has set a target of production of 100 million tonnes steel in the state by 2030. Professor Mohapatra wrote “State Government needs to take various tactical initiatives to make Odisha attractive for investors, existing and new. Brownfield expansions require less land acquisition for the project as well as for developing associated infrastructure like road, railway lines, water supply lines etc. Existing facilities of industries can be used optimally with brownfield expansions. The state government should incentivise this by providing exemptions in taxes and various duties. This will also encourage existing investors to invest more in the state so that the goal of 100 million tonne steel becomes more realisable.”

Some of the big companies like AMNS lndia, Steel Authority of India Limited, Jindal Steel and Power Limited, Tata Steel have already announced or started work for the expansion of their existing steel plants.

JSPL, which has already set up Odisha’s largest steel plant of 6 million tonne per annum capacity at Angul has recently announced the Company’s Vision 2030 for Odisha. As per this, the company plans to expand its capacity to 25.2 million tonne per annum and set up world’s largest steel plant.

AM/NS India has signed a memorandum of understanding for setting up a 12 million tonne integrated steel plant in Kendrapara district of Odisha. It had already announced an investment of INR 2,000 crore for the expansion of its pellet plant at Paradip.

SAIL, in its vision 2030 programme, plans to increase the capacity of the Rourkela Steel Plant to 8.8 million tonnes

A pellet plant Expansion from 0.3 million tonne per annum to 1.2 million tonne per annum capacity by Shyam Metalics and Energy Limited against an investment of INR 76.92 crore in Pandloi in Sambalpur district was inaugurated

Ground was broken for expansion of Jindal Stainless Crude Stainless Steel capacity From 1.1 million tonne per annum to 3.2 million tonne per annum and Cold Rolling Mill capacity from 0.8 million tonne per annum to 2.4 million tonne per annum in Kalinganagar in Jajpur by Jindal Stainless Ltd against an investment of INR 6,840 crore

Ground was broken for expansion of Yazdani Steel & Power’s Integrated steel plant from 0.07 million tonne per annum to 1.19 million tonne per annum in Kalinganagar in Jajpur by Yazdani Steel & Power Limited against an investment of INR 2,415 crore

Ground was broken for expansion of MGM Minerals’s project by setting up 0.125 million tonne per annum Sponge Iron Plant, 0.6 million tonne per annum Pellet Plant, 0.25 million tonne per annum MS Billets, 0.25 million tonne per annum TMT & Wire Rods and 40 MW Captive Power Plant at Nimdha in Dhenkanal by MGM Minerals Limited against an investment of INR 801.89 crore

Ground was broken for expansion of GM Iron & Steel’s project by setting up 0.8 million tonne per annum Pellet Plant, 0.238 million tonne per annum DRI plant, 0.195 million tonne per annum Billet, 0.24 million tonne per annum Wire Rod Mill, 0.416 million tonne per annum Slag Cement and 46 MW Captive Power Plant at Parjang, Dhenkanal by GM Iron & Steel Company Limited against an investment of INR 607.52 crore

Ground was broken for expansion of project by setting up 0.21 million tonne per annum Sponge Iron, 1 million tonne per annum Iron ore Beneficiation,0.6 million tonne per annum Pellet, 0.112 million tonne per annum MS Billets, 0.112 million tonne per annum TMT, 50 TPH Coal Washery, and 24 MW Captive Power Plant at Tumkela, Sundergarh by BR Sponge and Power Limited against an investment of INR 200.20 crore.

Source - Strategic Research Institute

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