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voda 13 mei 2021 14:45

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Russian NPO Orders VERSCON Caster from SMS Concast

NPO Laboratory of Special Steels and Alloys, a company of PJSC Kirovsky Zavod, based in St Petersburg in Russia, has placed an order for a one-strand Vertical Semi Continuous Caster, VERSCON, with SMS Concast. Instead of using the classical ingot casting solution for small niche production, NPO chose the innovative and yield-optimized VERSCON technology to produce special alloys and stainless steel for industries with extremely high requirements on the quality of the final product, as in the automotive, aircraft, tractor and engineering industries. Commissioning of the new plant is scheduled for the second half of 2021.

The one strand VERSCON vertical semi continuous caster for NPO will produce round and square section sizes ranging from 350 to 550 millimeters in lengths of up to eight meters. With an annual production of 31,000 tonnes, it will be designed to match the meltshop capacities, including an electric arc furnace, a ladle furnace and a VOD degasser. The machine will feature modern equipment such as a tundish heating system from IAS GmbH, a company of SMS group, to allow low superheating in the tundish for a stable casting process. In addition, the hot-top treatment system, patented by SMS Concast, will compensate top shrinkage cavities, assuring maximum yield.

In comparison to the conventional, curved continuous casting process, in ingot casting there are no restrictions in terms of steel grades, and bloom sizes and weights can be chosen more flexibly. However, for smaller production volumes below 200,000 tonnes per year, the VERSCON semi-continuous casting technology is a viable alternative to ingot casting. The driving idea behind the VERSCON design concept is to cast one or two ladles on one or more vertical strands into long blooms. The process consists of two main steps: Firstly, a long bloom is cast by means of a conventional mold and oscillation table. As soon as the strand has reached its final length, the casting process stops and the strand is held in position until final solidification is achieved. Depending on the section size, it can take several hours for the bloom to reach final solidification. Finally, it is removed from the machine and cut to length; tertiary cooling facilities complete the process.

Source - Strategic Research Institute

voda 13 mei 2021 14:46

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Danieli Bags Orders for 2 Steel Profile Drawing Lines

An European steelmaker awarded Danieli an order for two complete drawing lines for the production of steel profiles. The new installation will consist of a fully automated, high-productivity chain-track drawing line capable of drawing a wide range of profiles, reaching a drawing speed up to 200 meters per minute, and an innovative, cam-type drawing line for large-diameter products. The patented, Danieli chain-track drawing unit ensures top surface-quality of the processed stock, high cut-to-length accuracy (up to 60% more precise compared with a standard cam-type), and fast set-up and change-over for product change (product range change up to 40% faster; bar diameter change up to 75% faster).

The high-efficiency Danieli solutions featuring advanced automation equipment and process control integrated into a user-friendly interface will allow Kroman Çelik to benefit from up to 15% savings in energy consumption and full line set-up times.

All the noble equipment will be manufactured in Danieli workshops at Buttrio in Italy.

Since 1960 Danieli has supplied 288 drawing lines (coil-to-bar and bar-to-bar), for ferrous and nonferrous materials.

Source - Strategic Research Institute

voda 13 mei 2021 14:46

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Mechel Beloretsk to Launch New Wire Drawing Equipment

Mechel Group’s Beloretsk Metallurgical Plant has begun commissioning of new drawing equipment. Four mills worth 220 million rubles were purchased as part of an investment project to modernize the steel wire and rope production of BMK. The launch is scheduled for June this year. In total, 12 new machines will be put into operation under the project by the end of 2023. Connection of drawing machines of the Italian company Mario Frigerio SpA to energy resources, air and water supply, as well as commissioning works are carried out in cooperation with the manufacturer's specialists.

The equipment is equipped with scale breakers with belt grinding units. This allows you to mechanically clean the scale and avoid chemical treatment of the wire rod surface - wire blanks. New machines, due to direct-flow drawing with high-quality cooling, are able to provide products with the necessary plasticity and uniformity of mechanical properties along the length of the wire, to exclude twisting and damage to the metal surface during drawing. The productivity of one drawing mill is up to 13 thousand tons of wire per year - blanks for rope and spring wire.

The project for the modernization of the steel wire and rope production of BMK is being implemented with the support of the Industry Development Fund of the Russian Federation. Its total cost is 1.5 billion rubles, of which 750 million rubles is a concessional loan from the IDF. The modernization of the workshops will be completed at the end of December 2023.

Source - Strategic Research Institute

voda 13 mei 2021 14:50

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AISI Applauds Use American Steel Bill Passing

US Senate Homeland Security and Government Affairs Committee has passed key legislation to ensure the steel products purchased by the federal government with taxpayer funds are made in the United States. American Iron and Steel Institute has applauded the passage of bill to use American steel. AISI President & CEO Mr Kevin Dempsey said “The measures passed today by the committee will help guarantee that steel used in federal projects is American-made. We applaud these initiatives to close critical loopholes in existing federal purchasing programs, increase public transparency to ensure accountability for the use of tax dollars for steel products and tighten up the waiver process to ensure foreign producers can’t evade existing Buy America requirements. The bills will also benefit the environment, as most foreign steel is produced with much higher carbon dioxide emissions than American steel.”

He added “We thank the sponsors of these bills for their leadership and look forward to passage of the legislation by the full Senate soon. All iron and steel products procured with taxpayer dollars should be produced in the United States and enactment of these bills will go a long way toward achieving that goal.”

Source - Strategic Research Institute

voda 13 mei 2021 14:50

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NLMK Starts Building Green Power Plant

At Novolipetsk Metallurgical Combine, the assembly of the main technological equipment of a new power plant with a capacity of 300 MW begins. It will allow increasing the share of its own generation in the power consumption balance of the plant from 64% to 95%, as well as reducing carbon monoxide emissions by 3 thousand tons per year and greenhouse gases by 650 thousand tons per year. The fuel for generating electricity will be associated gases that are formed during the smelting of iron and steel. The project is based on advanced solutions for the use of secondary energy resources of metallurgical production. In particular, in conjunction with the power plant, a system for the collection and utilization of associated gas from the steelmaking industry, unique for the Russian metallurgy, will be built.

Investments in the project will amount to 36 billion rubles. The start-up of the power plant is scheduled for the end of 2023.

Source - Strategic Research Institute

voda 13 mei 2021 14:52

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Nippon Steel Receives Shell Supplier Award

Nippon Steel Corporation and Sumitomo Corporation jointly received the Equipment Supplier of the Year Award 2020 from Shell’s Wells Organization. Nippon Steel and Sumitomo Corporation received the award for the fourth time, following awards in 2015, 2018, and 2019. Nippon Steel and Sumitomo Corporation have maintained relationships regarding oil country tubular goods with Shell for over 40 years and are currently under a 10-year contract period up to 2025. Both Nippon Steel and Sumitomo Corporation have contributed to Shell by proposing total solutions which include stable supply of high-end OCTGs, development of new products which match specific needs of Shell, and solid delivery service by use of Supply Chain Management. By making best use of proprietary technology and services, Nippon Steel and Sumitomo Corporation will continue to contribute to innovation in oil and gas development efforts, which are becoming increasingly difficult and advanced.

The Supplier of the Year Award is presented to the suppliers that have significantly contributed to Shell’s exploration and production targets while advancing its goal of becoming a net-zero business by 2050.This award is given to the supplier which makes continued significant contributions to Shell’s competitiveness through the supply of essential products like steel pipes on time and on budget at a high standard.

Source - Strategic Research Institute

voda 13 mei 2021 14:53

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OMK Belgorod Plant Supplying Boiler Components to NLMK

United Metallurgical Company OMK’s Belgorod plant LLC Belenergomash, BZEM, manufactured and supplied over 1.5 thousand tons of elements of two unique steam boilers for the Novolipetsk Metallurgical Plant being built at the site power plants for the utilization of secondary fuel gases. By the end of 2021, OMK will supply another 4.4 thousand tons of boiler elements. OMK Belgorod Plant is carrying out a project involving the operation of boilers using three types of fuel: blast furnace, converter and natural gases. A unique feature of these boilers is the function of co-firing process gases from metallurgical plants; OMK's Belgorod plant has gained experience in implementing such projects. The increase in the use of secondary energy resources will allow the customer to further reduce the energy consumption of steel. Manufacturing and delivery of boilers are carried out jointly with Sibenergomash-BKZ LLC.

The plant has already shipped the frames of two steam boilers with a capacity of 603 tonnes of steam per hour each and the screens of the furnace of one of the boilers. The company's specialists also carry out installation supervision and commissioning.

Boiler equipment, which has an estimated resource of 200 thousand hours, is supplied in the most modular design. The boiler burners are designed for co-combustion of a mixture of fuel gases, which ensures low specific emissions of pollutants into the atmosphere. Control assemblies of equipment were carried out on the territory of the plant in the presence of representatives of the customer PJSC NLMK and the general contractor CJSC Trest SZEM. The receiving party highly appreciated the quality of the finished product, the culture of production and the involvement of the OMK Belgorod plant personnel in the project.

OMK Belgorod Plant is one of the leading power plant engineering enterprises in Russia, which has been supplying complex solutions for nuclear and thermal power, gas, petrochemical, industrial and civil construction for more than 80 years.

Source - Strategic Research Institute

voda 14 mei 2021 07:50

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Vakbond komt met plan voor vergroening Hoogovens
Van onze redacteur 07:45

Zicht op Tata Steel in IJmuiden. Foto: ANP / Henriette Guest

Vakbond FNV wil de vervuilende kolengestookte staalproductie in IJmuiden versneld laten vervangen door een veel groenere productiewijze. Het roept de eigenaar van de Hoogovens - het Indiase Tata - op snel een haalbaarheidstudie te doen naar de overstap naar elektrisch- en waterstofgedreven productie. Kosten voor de transformatie schat de bond op €1,4 miljard, geld dat deels uit subsidies voor CO2-reductie zouden kunnen worden gehaald.

Met het vrijdag gepresenteerde plan Groen Staal doet de FNV naar eigen zeggen een ultieme poging om de staalproductie en werk voor 40.000 medewerkers te behouden. De overheidsplannen voor reductie van CO2 zullen de winstgevendheid van Tata Steel IJmuiden in de nabije toekomst raken. Dat het bedrijf door zijn Indiase eigenaar in de etalage is gezet helpt volgens de vakbond evenmin om investeringen te doen voor een duurzame toekomst van het Nederlandse staalbedrijf.

Het vakbondsplan voorziet in de overgang naar zogeheten vlamboogovens die op groene stroom staal kunnen produceren, en naar DRI-ovens die voorlopig gas als brandstof hebben maar uiteindelijk op waterstof lopen. Tata Steel staat volgens het actieplan van de bond nu op een kruispunt. De kolengestuurde Hoogovens 6 - verantwoordelijk voor een kwart van de CO2-uitstoot van het bedrijf - is toe aan een volledige en daarmee dure renovatie.

De bond pleit ervoor om de levensduur van nummer 6 met maximaal vijf jaar te verlengen, tijd die nodig is om de overgang naar een groenere staalproductie. Bijkomend voordeel is dat de overlast voor de omgeving ook wordt teruggebracht. Naast 6 kunnen dan gefaseerd Kooksfabriek 1 en Hoogovens 7 worden vervangen. Op die manier kan de CO2-uitstoot in 2030 met 55% zijn teruggebracht en in 2040 met 95%. Hiermee voldoet het bedrijf aan het Klimaatakkoord van Parijs.

De bond roept overigens de overheid op de regels voor subsidie voor CO2-reductie aan te passen zodat ook haar plan voor de vergroening van staalproductie hiervoor in aanmerking komt. Nu krijgt Tata Steel nog overheidsgeld voor de ondergrondse opslag van CO2. De bond zou liever zien dat deze subsidie wordt gebruikt voor een structureel schonere staalproductie.

Lees het volledige artikel: fd.nl/ondernemen/1383801/vakbond-komt...

voda 14 mei 2021 08:42

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Former UK PM Mr Cameron Grilled by British Inquiry Committee

The Guardian reported that the scale of the former UK’s Prime Minister’s David Cameron lobbying by text, WhatsApp, email and phone calls, on behalf of Greensill Capital was revealed by Parliament’s Treasury select committee. Mr Cameron lobbied ministers and senior officials 56 times at the height of the pandemic in an increasingly desperate attempt to beg the government to support a controversial bank he worked for and owned a stake in. In one text message, as panic in the financial markets increased at the beginning of the pandemic, Mr Cameron said he was riding to the rescue … with my new friend Lex Greensill. In other calls and emails over a four-month lobbying campaign, he told ministers and their adviser that the Treasury’s failure to provide financial support to Greensill was “nuts” and “bonkers”. Cameron often signed off the messages “Dc”

Mr Cameron’s lobbying to have Greensill included the government’s emergency coronavirus loan support scheme extended to the chancellor Mr Rishi Sunak, the Cabinet Office minister Mr Michael Gove, the health secretary Mr Matt Hancock and the vaccines minister Nadhim Zahawi. He also contacted the economic secretary Mr John Glen, the financial secretary Mr Jesse Norman, deputy governor of the Bank of England Sir Jon Cunliffe and Mr Richard Sharp, who was then adviser to Mr Rishi Sunak and is now chairman of the BBC.

At a select committee hearing on Tuesday, Labour MP for Bethnal Green and Bow and a member of the select committee Ms Rushanara Ali accused Mr Cameron of bringing the position of prime minister into disrepute by his relentless lobbying, which she suggested was motivated by personal greed. She accused Lex Greensill, the bank’s founder, of using a former prime minister, bringing that position into disrepute, to profit. She said “You and Mr Cameron lost sight of what was appropriate behaviour. It is a Ponzi scheme, frankly it smacks of fraudulent behaviour.”

The revelation of the scale of Mr Cameron’s lobbying in support of Greensill came as the UK’s financial regulator said it is formally investigating the circumstances leading to the bank’s collapse. Financial Conduct Authority chief executive Mr Nikhil Rathi in a letter to the select committee said “Some of the allegations facing Greensill were potentially criminal in nature. We are also cooperating with counterparts in other UK enforcement and regulatory agencies, as well as authorities in a number of overseas jurisdictions.”

Mr Cameron worked for Mr Greensill as a senior adviser and owned a 1% stake in the bank, which was at one point hoping to float at a GBP 5 billion valuation and would have turned the former prime minister into a multimillionaire.

Source - Strategic Research Institute

voda 14 mei 2021 08:43

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Anyang Steel & Shagang Group Plan Mixed Ownership Reform

Reuters reported that China's Anyang Iron and Steel Group has singed a letter of intent with the country's top private steelmaker Jiangsu Shagang Group to conduct a mixed ownership reform. Anyang Steel's unit, AnYang Iron & Steel informed Shanghai Stock Exchange that “Shagang intends to become the controlling shareholder of its parent group after a market-oriented reform. Details of the reform and whether Shagang Group will participant eventually still face uncertainties.”

The central China-based Anyang Steel is currently backed by the state assets regulator of Henan province. It has an annual steel production capacity of around 10 million tonnes. Meanwhile, Shagang Group, which ranked the sixth biggest steelmaker in the world in 2019, is able to produce over 40 million tonnes of steel per year.

The move comes as China calls for further concentration of the steel sector, aiming to consolidate 60-70% production in the hands of its top 10 steelmakers by 2025 from less than 40% now.

Source - Strategic Research Institute

voda 14 mei 2021 08:43

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EC Steel Safeguard Extension Likely by May End

Steel Orbis reported that European Commissioner for Trade Mr Valdis Dombrovskis on 11th May, during a webinar titled EU Trade Policy in a Post-Covid World, said that a proposal on extending EU's steel safeguard measures beyond June is likely to be announced in late May. Mr Dombrovskis however warned that proposing an extension of the safeguard would risk causing retaliations from countries such as Turkey and Russia. He said "There is one more factor which we need to keep in mind if we extend the steel safeguard for a period longer than three years. It means that the EU would open itself to retaliation by third countries.”

The safeguard was introduced in 2018 as a response to a 25% tariff that US President Donald Trump imposed on most steel imports. Under global trading rules, countries affected by safeguards that last longer than three years have the right to ask for compensation. If no agreement is reached on compensation, a country can retaliate by imposing import tariffs of a value corresponding to the damage it suffers.

EU steel producers want the safeguard to be maintained as, in their views, the critical conditions that led the EU to impose them are still present, such as protectionism in third country markets, global excess capacity, trade diversion towards the EU triggered by the US Section 232 import tariff having drastically reduced US imports, and the need for the domestic steel industry to recover from the pandemic-induced economic crisis. On the other hand, traders and distributors completely disagree, pointing at the ongoing severe shortage of material, and also at the risk of retaliations by third countries.

Source - Strategic Research Institute

voda 14 mei 2021 08:44

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Thai HR Maker SSI Expects Steel Prices to Follow Global Trends

Bangkok Post reported that Thai hot rolled steel sheet maker Sahaviriya Steel Industries Plc is seeing bright prospects for business in Thailand, driven by rising global steel prices though that may increase costs for steel users and the construction industry. SSI President & CEO Mr Win Viriyaprapaikit said “The higher prices are attributed to economic recovery, especially in China and the US, after many countries eased lockdown measures and implemented economic stimulus packages. Covid-19 vaccinations are allowing the global economy to recover slowly, resulting in higher prices of certain commodities, including oil and steel. China is a major consumer of steel for its development projects. Its demand and supply affect global steel prices.”

Mr Win added "Domestic steelmakers are aware of domestic steel prices, including those of rebar steel which is made of hot-rolled steel and is expensive, but they will follow global steel prices.”

To relieve the impact on steel users, Mr Win suggested they adopt risk management. Constructors should also hold talks with the government to adjust factors, often known as the "K" factor, in state construction projects in response to increasing global steel prices.

Last year, Thailand's steel consumption stood at 16.5 million tonnes with 10.4 million tonnes imported and 6.1 million tonnes produced domestically.

Source - Strategic Research Institute

voda 14 mei 2021 08:45

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US Steel Reaffirms Interest in Nashwauk Mine Leases

Local media reported that US Steel announced that it is interested in developing mineral leases near the incomplete Nahwauk mine site. US Steel said “The close proximity to our Keetac mine would significantly enhance U. S. Steel’s ability to quickly develop and produce from the Nashwauk site, increasing the flexibility we could have to serve our electric arc furnace footprint in the United States given the permitting in place for a Direct Reduced Iron facility on the site. They are exploring options and gathering additional information on the site.”

Mesabi Metallics is trying to finish the mine, but the Minnesota Department of Natural Resources has started the process of terminating leases for the Mesabi Metallics iron ore mining project in Nashwauk after the company did not meet critical and required benchmarks by the agreed May 1 deadline. DNR wrote to the company that it did not meet all of the conditions required to keep their leases. DNR wrote "After initial review DNR determined that Mesabi failed to demonstrate that it had USD 200 million immediately available in its accounts" as required by a deal the state and company made in December. DNR has also informed Mesabi that it owes USD 18 million in minimum base payments for 2020 and that the DNR has initiated termination of the leases."

Mesabi Metallics said it is committed to the project and blamed the worsening COVID-19 crisis in India for the funding delay.

The USD 2.6 billion mine near Nashwauk was given a controversial lifeline late last year after Mesabi failed to meet several milestones required to keep state leases for the long-stalled project that Essar Steel Minnesota began building in 2009.

Source - Strategic Research Institute

voda 14 mei 2021 08:49

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Numaligarh Refinery Procures Pipes for Odisha Pipeline Project

Assam-based Numaligarh Refinery Limited has procured Carbon Steel Coated Line Pipes' for its ambitious refinery expansion project. Government e Marketplace for public procurement in India GeM Tweeted on 12 May “NRL has successfully procured ‘Carbon Steel Coated Line Pipes’ with a cumulative value of INR 2600 CR to be used for the Line Pipe Insertion for 1800 km (Approx) from Odisha to Assam (Numaligarh).”

NRL has initiated an integrated Refinery Expansion project. NRL will import crude at Paradip port to meet its requirement post Refinery Expansion from 3 million tonnes per annum to 9 million tonnes per annum being undertaken at a project cost of more than INR 22,000 crore. Formal approval from the Government of India for this project was received in January 2019.

Source - Strategic Research Institute

voda 14 mei 2021 08:49

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TenarisBaogang Breaks Ground on Threading Facility in China

Tenaris and Inner Mongolia Baotou Steel Union Co Ltd joint venture TenarisBaogang has held a ground breaking ceremony for the premium connection threading facility in Baotou in China marking the start of construction of the threading facility, which will be equipped with industry-leading technology and equipment. The new plant will cover an area of approximately 30,000 square meters and have an initial annual capacity of 45,000 tonnes. It is expected to commence operations in December 2021.

Tenaris’s Asia Pacific region President Mr Lucas Rocha connected to the ceremony virtually from Singapore. He said “We will bring the same commitment and dedication to this facility with which we operate other Tenaris locations across the world. TenarisBaogang will share the same key objectives to grow together with the communities where we work and live, provide opportunities for professional development to employees, minimize the environmental footprint, and be a reliable partner for our customers.”

Baogang Group Deputy General Manager and Chairman of Baotou Steel Liu Zhengang added “With the founding of TenarisBaogang we will bring for the first time high-quality premium connections to the northwest region of China.”

Source - Strategic Research Institute

voda 14 mei 2021 08:50

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CRISIL Assigns Major Credit Rating to Jindal Stainless

In a first-ever development, CRISIL Ratings has assigned ‘CRISIL A+/Stable’ rating to the long-term credit facilities of Jindal Stainless Limited. Short-term credit facilities of JSL have been rated ‘CRISIL A1’. Earlier, in January this year, JSL was accorded ratings of ‘IND BBB+’ and ‘CARE BBB+’ by India Ratings and Research and CARE Ratings respectively for the long-term debt facilities. The present rating is three notches higher than the earlier ratings.

Among the major determinants acknowledged by CRISIL for the ratings is the superior market position with a sizeable quantum of exports and significant improvements in overall operating efficiency ensuring stable profitability. CRISIL has also taken into account a significant improvement of financial risk profile with consistent debt reduction over the past few years. The ratings also endorse efficient working capital management by the Company.

The rating also factored in a healthy business profile of the Jindal Stainless group, which is the market leader in the domestic stainless steel industry in India. Furthermore, CRISIL has taken note of the strong consolidated business entity that will emerge after the merger of the JSL & Jindal Stainless (Hisar) Limited, which is currently under process. This merged entity will have a large scale of operation with a high market share along with a diversified product basket.

Source - Strategic Research Institute

voda 14 mei 2021 08:52

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CMC Receives Air Quality Permit for Third Micro Mill at Mesa

US steel maker Commercial Metals Company announced that the Maricopa County Air Quality Department on April 23 granted it an operating air permit, enabling the Company to begin construction of its third technologically advanced micro mill, the second at its Mesa in Arizona site. CMC’s Executive Vice President and Chief Operating Officer Tracy Porter said "Receiving the air permit is an important milestone in our latest micro mill project, which we have named Arizona 2. With the permit in hand, we can now begin construction in preparation for installation of the mill equipment, which we ordered last year. We still anticipate commissioning to occur during the spring of 2023."

Porter added "Once completed, Arizona 2 will be the first micro mill in the world to produce merchant bar as well as rebar, and will employ the latest in environmentally friendly steelmaking technology. The plant's capability to directly connect to an on-site renewable energy source, a first in North America, will further enhance the low emissions and highly efficient energy consumption of the micro mill process. We are excited by Arizona 2's potential and the operational efficiencies, network flexibility, market access, and environmental benefits it will provide.”

Source - Strategic Research Institute

voda 14 mei 2021 08:52

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OMK Belgorod Plant Doubles Output

United Metallurgical Company OMK’s Belgorod plant OOO Belenergomash BZEM has expanded the range of manufactured boiler products and has doubled its output since 2017, from 2.6 thousand tonnes per year to 5.6 thousand tons per year due to large-scale modernization and technical re-equipment of boiler production with financial support from the Industrial Development Fund VEB.RF Group. The total investment in the modernization of boiler production amounted to about 1 billion rubles, of which 500 million rubles as a concessional loan under the Development Projects program was provided by the Industrial Development Fund.

With the attraction of a loan from the FRP, the Belgorod plant installed equipment for the production of boilers of a new design for the chemical industry. In particular, an energy-technological steam boiler RKS-170 for a line for the production of sulfuric acid used in the manufacture of mineral fertilizers. For customers, the main advantages of these boilers are increased reliability, efficiency, compactness and ease of transportation. In addition, a new line for welding membrane panels was installed at the plant. They are used inside boilers to maximize heat retention, which makes the combustion process more efficient.

The plant can now manufacture the only boilers in Russia capable of operating on three types of fuel: blast furnace, converter and natural gases. Co-combustion of these gases allows reducing the volume of emissions of pollutants into the atmosphere.

Source - Strategic Research Institute

max2 14 mei 2021 09:22

0

Waarom zo'n slechte start?

voda 14 mei 2021 14:15

0

Britse fraudewaakhond start onderzoek naar staalmagnaat Gupta's GFG
Van onze redacteur 13:49

Het Britse Serious Fraud Office is een onderzoek gestart naar de Gupta Family Group (GFG), het bedrijf van staalmagnaat Sanjeev Gupta. De fraudewaakhond maakte vrijdag bekend onderzoek te doen naar 'vermoedelijke fraude, frauduleuze handel en het witwassen van geld' in relatie tot de financiering en bedrijfsvoering van bedrijven binnen de GFG, 'inclusief de financieringsovereenkomsten met Greensill Capital UK'.

Sinds Greensill Capital in maart instortte, worstelt Gupta om financiering te krijgen voor verschillende delen van de bedrijvengroep. Greensill was de grootste leningverstrekker van onder meer Liberty Steel, een dochter van GFG. De van oorsprong Australische kredietmaatschappij kocht facturen op en verkocht die weer door aan beleggers. Bij ruim de helft van de geldstromen van Greensill bleek GFG een rol te spelen.

Uit onderzoek van de Financial Times bleek eerder dat veel facturen die Gupta aan Greensill doorverkocht, niet te verifiëren bleken. Bedrijven waaraan de facturen waren gericht, ontkenden zaken te doen met GFG. Ook onthulde de FT dat facturen vaak waren gericht aan bedrijven die onder GFG zelf vielen of mensen die zeer dicht bij GFG stonden, zoals werknemers of vrienden van Gupta.

35.000 banen
In maart verklaarde Liberty dat het niet aan zijn betalingsverplichtingen kon voldoen. Het concern gaat naar eigen zeggen door 'een crisis die te wijten is aan het omvallen van Greensill'. Door de financiële problemen staan ongeveer 35.000 banen op de tocht. Gupta verklaarde eerder dat de meeste onderdelen van Liberty winstgevend zijn en dat de verwachtingen voor de markten voor staal en aluminium er goed uitzien.

Vorige week werd bekend dat Tata Steel drie bedrijven van Gupta voor de rechter sleept omdat ze weigeren een deel van hun rekeningen te betalen. Het bedrijf eist van de staalmagnaat een bedrag van £7,9 mln, omgerekend €9,1 mln. De rechtszaak richt zich op de verkoop van een divisie van Tata Steel in 2017 aan Liberty. Voor de deal, waarmee een bedrag gemoeid was van £100 mln (€124 mln), stelt Tata nooit het volle pond te hebben gekregen.

Lees het volledige artikel: fd.nl/ondernemen/1383849/britse-fraud...

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