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voda 6 mei 2022 08:35

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Pacific Steel Selects Danieli for MIDA Hybrid Micromill in Mojave

Strategic Research Institute
Published on :
06 May, 2022, 5:56 am

USA‘s leading rebar fabricator Pacific Steel Group has awarded Danieli a contract to supply a MIDA Hybrid minimill in Mojave in California. The new plant will produce 380,000 short tons per year of straight and spooled rebar in the most efficient and ecological way. Fed by a continuous charge system, the scrap will be processed through DigiMelter and LF digital melting and refining units, powered by the Q-One digital power feeder which ensures the best power conditions at different frequencies. Liquid steel will be transformed into finished products in just 10 minutes by using QLP-DUE technology featuring a single-strand Octocaster feeding a rolling mill in endless casting-rolling mode. To be constructed at a net investment of approximately USD 350 million, the new micro mill is expected to begin commissioning in early 2025, employing roughly 400 people."

In addition to power and process control systems and robotics, Danieli Automation will also provide the Q3-Met manufacturing execution system for production scheduling and tracking, for maximum plant efficiency.

Q-Sym and Q3-Dyms –automatic scrap and yard management systems– together with ladle tracking system have been also chosen by PSG for full tracking of products and steel. Thanks to such features, the relevant over-head cranes are automated in the three key technological areas of scrap feeding, ladle handling and storage of the rolled product.

Robotic solutions will be applied to the DigiMelter and LF sampling, furnace EBT and final product marking, increasing operator safety and execution repetitiveness. Finally, advanced automation featuring digital smart casting and rolling, automatic gap control, smart pinch rolls and tail brakers are also included in the design.

Developed by Danieli Automation, Q-Jenius will allow the electrical feeding of DigiMelter, ladle furnace, Q-Heat induction heaters, rolling mill stand motors and fume-treatment plant fans, directly from the solar field.

The MIDA Hybrid micro mill will have the capability to directly connect to renewable energy sources leveraging an abundance of renewable energy available in California. The new facility will help lower CO2 emissions through world-class efficiency, reduced transportation, and green energy.

voda 6 mei 2022 08:36

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UOW Steel Hub Backing Green Steel Switch at BlueScope Port Kembla

Strategic Research Institute
Published on :
06 May, 2022, 5:45 am

The University of Wollongong has entered into a partnership with Australian steel producer BlueScope Steel and Future Fuels Cooperative Research Centre, to explore potential pathways to decarbonize the steelmaking process at Port Kembla Steel Works. The University’s vision to deliver potential low-carbon fuels solutions, including through its ARC Steel Research Hub, complements the Federal Government’s Low Emissions Technology Statement that ensures Australia’s Long-Term Emissions Reduction Plan and supports achieving net zero emissions by 2050.

This project will explore prospective technologies which have the potential to reduce emissions across steel manufacturing at Port Kembla Steel Works, including the role Australia’s emerging renewable hydrogen industry can play on the pathway to low emissions steel. Based on the project’s outcomes, future investigations will be tabled for those high-potential, priority technology options identified for Port Kembla Steel Works.

University of Wollongong Steel Research Hub Director Dr Paul Zulli said the project would assist in the implementation of technologies that minimize energy consumption and greenhouse gas emissions in BlueScope’s Port Kembla steelmaking operations. Dr Zulli said “This exciting collaborative project with BlueScope and the Future Fuels CRC is a unique opportunity to support this vision, through research involving site-specific evaluations of all potential emission reduction opportunities at Port Kembla Steel Works, and pilot-scale test work of bio char pneumatic conveying. UOW’s multidisciplinary science and engineering capabilities, particularly in sustainable steelmaking and clean energy fields, should help advance a range of innovative solutions for future, lower emissions steelmaking at Port Kembla. The findings should point to potentially transformative economic and abatement impacts.”

UOW Energy Futures Network Director Mr Ty Christopher said that the University is dedicated to strengthening its existing partnerships with energy and manufacturing companies to bring innovative ideas to life, drawing on the local expertise of national and global partnerships. Mr Chrstopher said “The University generates AUD 2.5 billion in gross outputs annually and is an anchor institution for the Illawarra region. UOW has demonstrated the ability to develop and commercialize innovative energy solutions, such as the Hysata hydrogen production technology spun out of the University. The application of the Hysata hydrogen electrolyser technology to industry has the potential to significantly shift the economics of green hydrogen production, bringing the AUD 2 per kg target within reach. UOW remains committed to investing in research and innovations, building trusted relationships, and training the workforce of the future and partnering with ARENA and BlueScope steel is one of the great outcomes of our commitment.”

UOW Steel Hub’s overarching goal is to support the transition of Australia’s steel manufacturing industry to a more sustainable, competitive and resilient position based on the creation of new, higher value-added products and more advanced manufacturing processes.

voda 6 mei 2022 08:36

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Solar Steel to Supply TracSmarT+1V Trackers for Naturgy Solar Farm

Strategic Research Institute
Published on :
06 May, 2022, 5:42 am

Madrid Spain based Gonvarri Solar Steel has been awarded two new projects by Naturgy to supply its TracSmarT+lV dual & single-row 1 V trackers for the photovoltaic plants located in Las Jaras de Badajoz and Puerto del Jerte in Spain. The agreement between Naturgy & Solar Steel will ensure renewable energy supply power to more than 60,000 homes, a priority and strategic objective for Gonvarri, whose commitment to sustainability and carbon neutrality implies being present in projects of this magnitude.

Solar Steel has been awarded orders for 233 MW by Naturgy globally signaling that the strategic alliance between the two companies is a clear commitment to growth in the photovoltaic sector.

Gonvarri Industries’s Gonvorri Solar Steel is dedicated to the design and supply of trackers and fixed structures for the photovoltaic energy sector. Gonvarri Solar Steel designs, supplies and installs solar trackers and fixed tilt structures for the PV market, with top-notch solutions and the highest quality standards which positions the company among the worldwide leaders in track record and installed base. Solar Steel has more than 15 GW supplied in projects around the world. Throughout its history, Gonvarri Solar Steel has focused its efforts on offering its customers comprehensive solutions according to their product and service needs

Gonvarri Industries has 6,000 employees in more than 19 countries through 45 factories, 20 distribution centers and offices from which it supplies metal solutions for the Metal Structures, Service Centers, Material Handling and Precision Tubes sectors.

voda 6 mei 2022 08:37

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British Steel Supports Llangollen Heritage Railway Extension

Strategic Research Institute
Published on :
06 May, 2022, 5:38 am

British Steel announced that a premier tourist attraction in North Wales in UK is about to get bigger and better, thanks to Scunthorpe-made rail. March saw the delivery of 56E1 flat-bottom rail to Carrog station on the Llangollen Railway, enabling repairs to the heritage line so it could be extended by 2.5 miles through stunning countryside. The new track will enable the journey to be extended to 10 miles when the brand-new Corwen Station is opened later this year.

The Llangollen Railway is the only standard gauge heritage railway in North Wales and runs through the beautiful Dee Valley, an Area of Outstanding Natural Beauty. The railway starts at Llangollen Station in the heart of Dee and then continues for 7.5 miles upstream following the River Dee to Carrog. The views from the carriages are just breath-taking and constantly changing from season to season

The former British Rail Ruabon to Barmouth line closed to passenger traffic in 1964 with goods traffic ending 4 years later. In 1975, the heritage railway was started by a group of enthusiasts who saw the potential for a scenic line through the Dee Valley. When the line finally closed in 1968, the track, signalling and much of the infrastructure was removed or demolished quickly after. Llangollen, Berwyn and Carrog Station buildings survived, albeit in a state of disrepair. It’s thanks to the hard work and vision of these enthusiasts that we have this fantastic heritage line. Berwyn Station was reached in 1985, Deeside in 1990, Glyndyfrdwy in 1992, Carrog in 1996 and Corwen East in 2014, with the new Corwen Central Station expected to open in 2022.

voda 6 mei 2022 08:56

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Advies van Bank of America Merrill Lynch over Arcelor Mittal
Beurshuis Bank of America Merrill Lynch
Aandeel ArcelorMittal
Datum 06 mei 2022
Advies Kopen
Koersdoel 45,00 EUR

Detail advies
(Trivano.com) - Op 6 mei 2022 hebben de analisten van Bank of America Merrill Lynch hun beleggingsadvies voor ArcelorMittal (MT; ISIN: LU1598757687) herhaald. Het advies van Bank of America Merrill Lynch voor ArcelorMittal blijft "kopen".

Het koersdoel wordt door de analisten verhoogd van 40,00 EUR naar 45,00 EUR.

Op 5 mei 2022 publiceerde ArcelorMittal kwartaalcijfers.

voda 6 mei 2022 09:01

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Beursblik: Deutsche Bank verhoogt koersdoel ArcelorMittal
Naar 49,00 euro.

(ABM FN-Dow Jones) Deutsche Bank heeft het koersdoel voor ArcelorMittal verhoogd van 48,00 naar 49,00 euro met handhaving van het koopadvies. Dit bleek vrijdag uit een analistenrapport van de bank.

De resultaten over het eerste kwartaal van de staalfabrikant werden door Deutsche Bank als sterk beoordeeld, waarna deze de raming voor de EBITDA voor dit en volgend jaar met 4 tot 7 procent verhoogde, waarmee de bank nu 6 procent boven de consensus zit.

Met een gunstig perspectief voor de kasstroom, lijkt ArcelorMittal volgens Deutsche Bank de aandeelhouder voorlopig nog extra te kunnen belonen, wat in de tweede helft van het jaar zal resulteren in de aankondiging van extra aandeleninkoopprogramma's.

Deutsche Bank verwacht dat de staalprijzen zullen normaliseren, wat wellicht voor wat druk op de sector zorgt, maar wijst daarbij ook op de aantrekkelijke waardering.

Het aandeel ArcelorMittal sloot donderdag 2 procent lager op 26,35 euro.

Door: ABM Financial News.

info@abmfn.nl

Redactie: +31(0)20 26 28 999

voda 6 mei 2022 17:18

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Beursblik: Bank of America verhoogt koersdoel ArcelorMittal

Door ABM Financial News op vrijdag 6 mei 2022
Views: 2.390

(ABM FN-Dow Jones) Bank of America heeft het koersdoel voor ArcelorMittal verhoogd van 40,00 naar 45,00 euro met een onveranderde koopaanbeveling. Dit bleek vrijdag uit een rapport van de Amerikaanse bank naar aanleiding van de kwartaalcijfers die de staalreus donderdag presenteerde.

"Een grote meevaller en nog een aandeleninkoopprogramma van 1 miljard dollar", vatte analist Patrick Mann samen.

De EBITDA van ArcelorMittal lag met 5,1 miljard dollar veel hoger dan de 4,6 miljard dollar waarop de Amerikaanse bank had gerekend.

Mann was ook goed te spreken over de vrije kasstroom en de daling van de schuld van de staalreus.

"Wij vinden dit een solide kwartaalrapport", schreef de analist. Enige minpunt is volgens hem dat ArcelorMittal iets voorzichtiger is geworden over de staalmarkt. Maar ArcelorMittall verlaagde de outlook voor de staalverschepingen niet, merkte de analist op.

Bank of America meent dat ArcelorMittal "heel, heel aantrekkelijk" gewaardeerd is. "Kortom, een koop."

Vrijdag daalt het aandeel ArcelorMittal 0,7 procent naar 26,18 euro.

Bron: ABM Financial News

voda 9 mei 2022 07:17

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Gerdau Reports Strong Results in Jan-Mar 2022 Quarter

Strategic Research Institute
Published on :
09 May, 2022, 4:41 am

Brazilian steel maker Gerdau has posted a consolidated net profit of BRL 2.94 billion (USD 586 million) for January-March quarter of 2022, against BRL 2.47 billion in the previous quarter. Net sales increased by 24% to BRL 20.33 billion and the gross profit increased by 37% to BRL 5.181 billion, while the EBITDA declined by 3% to BRL 5.827 billion. Although declining from Q4 2021, the EBITDA in Q1 2022 set all-time highs for a first quarter, with this performance reflecting the current scenario for demand and prices in the steel industry, especially in North America

Brazil was responsible for 42.2% of the group's net sales and 49.8% of its EBITDA

North America had 35.5% and 32.6%

South America had 8.4% and 27.5%

Specialty steels business division had 13.5% and 9.1%

By volume, the production of crude steel increased by 4% to 3.406 million tonne, while sales of steel products declined by 3% to 3.055 million tonnes. In 1Q22, crude steel production increased in relation to 4Q21 and 1Q21. Gerdau's production capacity utilization rate of 75% in the quarter reflects the seasonally weaker period, especially in the domestic market of the Brazil BD. The volume sold in Gerdau's main business operations had a slight decrease compared to 4Q21 and was in line with 1Q21.

Net sales decreased in 1Q21 in relation to 4Q21, reflecting of the reduction in the volume sold, the lower prices practiced in Brazil and the local currency appreciation, which reduced sales in foreign currency translated into Brazilian real. In relation to 1Q21, net sales posted robust growth, due to the better prices practiced.

Gross profit in 1Q22 was in line with 4Q21 and increased in relation to 1Q21. Gross margin improved compared to both 4Q21 and 1Q21, with this result driven mainly by the performance of the construction industry in North America and the results of the Special Steel BD. In relation to 1Q21, gross profit registered robust growth, driven mainly by the North America BD, reflecting the better metals spread in the United States.

voda 9 mei 2022 07:18

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US Opens AD Duty & CVD Sunset Review on Steel Flange Imports

Strategic Research Institute
Published on :
09 May, 2022, 4:47 am

US International Trade Commission announced that it has opened five-year Sunset reviews of anti-dumping & countervailing duty orders on finished carbon steel flanges from India, Italy and Spain. The USITC started reviews to determine whether the cancellation of the existing AD duty orders on finished carbon steel flanges from India, Italy, and Spain and the CVD duty order on the same products from India would be likely to lead to the continuation or recurrence of material injury to the domestic industry within a reasonably foreseeable time.

In August 2017, the all-other dumping margins for India, Italy, and Spain were set at 11.95%, 79.17%, and 18.81%, and the all-others subsidy rate for India was assigned at 7.39%.

voda 9 mei 2022 07:18

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Klockner & Co Starts 2022 with Strong Quarterly Earnings

Strategic Research Institute
Published on :
09 May, 2022, 4:52 am

German steel processor & distributor Klockner & Co SE Klöckner & Co has reported increased sales in January-March 2022 quarter due to the positive price trend by around 60% to EUR 2.4 billion as compared to EUR 1.5 billion in Q1 of 2021. Klöckner & Co SE CEO Mr Guido Kerkhoff said “We once again generated strong earnings in the first quarter of the year. At the same time, we have made great progress over the initial months of the year in the implementation of our Group strategy. With the recognition of our net zero targets by the Science Based Targets initiative, our new green steel categorization metric and a further acceleration of our digital transformation, we have put in place the key building blocks for the years ahead to lead Klöckner & Co into a sustainable and digital future.”

January- March 2022 Quarter

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

Sales – EUR 2.4 billion, up 60% YoY

EBITDA –EUR 254 million

Net Income – EUR 172 million

Outlook - Despite the challenging economic environment, Klöckner & Co is optimistic about the operating business. The Company expects stable to slightly increasing shipments in the second quarter compared with the first quarter of 2022. Based on the steel price dynamics and significantly supported by the consistently executed margin-over-volume strategy and the disciplined inventory management, Klöckner & Co anticipates a considerable increase in sales in the second quarter of 2022 compared with the previous quarter. In addition, the Company forecasts EBITDA of EUR 180-240 million before material special effects for the current second quarter as well as a strong and significantly positive cash flow from operating activities.

Klöckner & Co SE is a German producer-independent steel and metal distributor. Klöckner's core business is the sale of steel and non-ferrous metals. Based on its distribution and service network of around 140 locations in 13 countries, Klöckner & Co supplies more than 100,000 customers. Currently, the Group has around 7,200 employees. Klöckner & Co had sales of some EUR 7.4 billion in fiscal year 2021.

voda 9 mei 2022 07:27

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EU Construction Industry Growth to Taper down in 2022 & 2023

Strategic Research Institute
Published on :
09 May, 2022, 4:58 am

European Steel Association EUROFER in latest Economic and steel market outlook 2022-2023 said that the positive trend in construction output seen over the first three quarters of 2021 continued, albeit at a slower pace, in the fourth quarter at 2.3%, after 4.1% over the third quarter. Over the entire 2021, construction output in the EU rebounded by 5.9% after the drop of 4.2% experienced in 2020. EUROFER said “The figures for the first three quarters of2021 reflected the vigorous restart in economic activity across the EU. The boost by governmental support schemes at EU and national level especially benefitted the private residential and civil engineering sub-sectors. However, in the fourth quarter growth in construction output lost speed, further to ongoing problems along the global supply chain and increasing scarcity of construction materials in many EU countries.”

In line with real production volumes, in the fourth quarter of 2021 gross fixed investment in construction increased by 2.11 on a yearly basis for the fourth consecutive time albeit lower than 31 recorded in the third quarter. Growth was fuelled by residential investment at 2% after 3.7%, boosted by low mortgage rates, despite expectations of rises in rates in connection with rises in government bond yields, and generous housing and renovation supporting schemes in place in many Member States. Positive developments were seen also in 'other construction' investment, in particular in civil engineering. Its expansion should be stronger in the course of 2022, as governments are set to use it as a cyclical tool (thanks also to NextGenerationEU programs) to bolster the economic recovery. However, the impact of these publicly-funded construction schemes is becoming increasingly uncertain due to multiple downside factors that are casting shadows on the overall economic outlook (supply chain issues, war in Ukraine, etc.). In particular, the shortage of construction materials is becoming a source of concern.

Construction industry analysis forecast for 2022-2023 - The EU construction confidence substantially improved after the record lows of the pandemic, almost reaching 2018 levels in the course of 2021. Yet supply chain disruptions and the deterioration of the economic and industrial outlook in the second half of 2021 have changed the picture considerably. Overall construction activity should, however, continue to grow - albeit at rather low rates - mainly thanks to governmental housing supporting schemes, and public construction schemes. Civil engineering is expected to provide the strongest contribution to the construction sector's performance. Construction outlook for 2022 shows moderate growth of 2.31, which will further ease in 2023 to 1.51.

voda 9 mei 2022 07:27

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British Benbow Steels to Stock ArcelorMittal’s XCarb Green Steel

Strategic Research Institute
Published on :
09 May, 2022, 5:02 am

Leading British supplier of pre-painted steels Benbow Steels has become the first ArcelorMittal customer in the United Kingdom to buy XCarb green steel certificates. Benbow Steels will make the certificates available to their final customers so they can reduce the Scope 3 emissions of their projects. The certificates will accompany Benbow Steels’ orders of organic coated steels from ArcelorMittal’s Granite HDX range. The pre-painted Granite HDX steels are typically supplied by Benbow Steels for a variety of applications including Construction and the HVAC industries.

The XCarb initiative, launched by ArcelorMittal in March 2021, brings together all of ArcelorMittal’s reduced, low, and zero-carbon products and steelmaking activities. To produce XCarb recycled and renewably produced steel, ArcelorMittal uses up to 100% scrap and renewable electricity coming from renewable sources such as solar and wind power. ArcelorMittal estimates that XCarb recycled and renewably produced steel has a carbon footprint as low as 0.3 tonnes of CO2 per tonne of steel product when the metallics are 100% scrap, which is certified by a published Environmental Product Declaration.

The ArcelorMittal’s XCarb initiatives also include XCarb green steel certificates which are specifically designed for ArcelorMittal’s steel products made from iron ore in a blast furnace. They are based on real CO2 savings as well as wider initiatives which reduce ArcelorMittal’s carbon footprint. We can add up these important CO2 savings and then pass them onto our customers in the form of a certificate, which has been verified by an independent auditor.

Since founded in 2006, Benbow Steels grown as a leading color coated steel supplier in UK. Benbow Steel provides a broad range of color coated steel for cladding and construction. It has machinery for carrying out short, quick runs, cutting & processing as to supply tailor made steel. It offers customers 24-hour delivery across the UK, with local deliveries available on the same day.

voda 9 mei 2022 07:28

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Conflict Escalates between Two Worker Unions at Viraj Profile

Strategic Research Institute
Published on :
09 May, 2022, 5:05 am

Express News Service reported that about 100 members of one of the unions entered Viraj Profile factory in MIDC Tarapur Industrial Area Boisar in Palghar in Thane district of Maharashtra on Saturday evening and allegedly started assaulting some employees and officials and also ransacked the premises. 19 policemen were injured and 12 of their vehicles damaged when they tried to control the attack. The Boisar police have arrested as many as 27 people for rioting, assaulting police and attempted murder, among other charges.

The police said a conflict has been going on between two unions of the factory and one of the unions had given a stop work notice to the company. However, the other union wanted to continue work.

voda 9 mei 2022 07:29

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AIC Commissions Rebar Mill at Suryadev Alloy & Power in Chennai

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

Leading technology supplier AIC has recently commissioned Greenfield 350,000 tonnes rolling mill for Suryadev Alloys and Power Ltd in India. The new high-speed mill will produce 8-40mmm rebar at a maximum rated speed of 28 meters per second applying single slit rolling. The mill is equipped with fewer stands, Quenching & Tempering systems, and discharge with high-speed twin channel systems. AIC has rolled all the sections successfully and trails are underway to take the mill up to the rated maximum speeds. The entire mill is automatically controlled by an advanced industry 4.0 compliant automation system, engineered and supplied by AIC India Bangalore, ensuring full process control, and minimizing manual interventions. The first material in the cooling bed has been tested at the end of 2021 and early activities were focused on stabilizing the slow line.

Suryadev Alloys and Power Private Limited is a Chennai-based company with expertise in manufacturing rear and wire rod coils.

AIC Capitanio Tailored Automation is a global system integrator that designs, manufactures and commissions’ turn-key plants worldwide, providing advanced and tailored automation and mechatronics solutions for the steel industry, with the aim to continuously improve efficiencies, competitiveness, and safety of the production processes.

voda 9 mei 2022 07:30

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British Steel Delivers 5KT of Rails to Deutsche Bahn in Germany

Strategic Research Institute
Published on :
09 May, 2022, 5:18 am

British Steel’s rail business is in the process of completing the final shipments of a 5,000 tonne rail order to Europe’s largest purchaser of rail Deutsche Bahn. The contract for 120 meter 54E4 and 60E2 flat-bottomed rail came as the German infrastructure owner’s demands soared over the winter months. British Steel Rail Commercial Director Mr Craig Harvey said “We were delighted to be able to respond to Deutsche Bahn’s request with not only short lead times but also the high-quality products they’ve come to expect since we first started supplying rail to them many years ago.”

The rails, which made their way through the Channel Tunnel to a service centre in Königsborn, will be used throughout Germany to support Deutsche Bahn’s track renewal program over the next year.

Since coming under Jingye ownership in 2020, the UK Rail business has worked closely with Deutsche Bahn to meet stringent quality and environmental criteria. This has resulted in British Steel being upgraded to the highest possible Q1 supplier status rating. Popular in the European market, the longer-length 120 meter rail was first produced for Deutsche Bahn by Scunthorpe Rail and Section Mill in 2018 after a seven-figure investment in its manufacturing facilities.

voda 9 mei 2022 07:30

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Saudi Arab Secures Funds for Planned Plate Mill

Strategic Research Institute
Published on :
09 May, 2022, 5:20 am

Saudi Arabia’s Ministry of Industry and Mineral Resources has secured USD 6 billion as part of plans to lure USD 32 billion of investments. The nine projects include a USD 4 billion steel plate mill complex for the shipbuilding, oil and gas, construction and defense sectors and a green flat steel complex that will supply the automotive, food packaging, machinery and equipment, and other industrial sectors. Both projects are already underway

Saudi Arab’s Industry & Mineral Resources Minister Mr Bandar al-Khorayef said that the ministry is now processing 145 exploration license applications from foreign companies. He said “These targeted investments represent an important 'down payment' in our efforts to move beyond exploration and extraction and into the creation of integrated value chains, a central focus of our overall mining strategy. The investments will continue to position the Kingdom as a mining production and logistics hub for a region that stretches from Africa to Asia, while also supporting the transformation of our mining sector so it can achieve its potential.”

Saudi oil giant Aramco had signed a MoU with world’s largest steel maker Chinese Baosteel in September 2021 to conduct an engineering study and develop plans needed to build, own and operate an integrated steel plate manufacturing facility in Saudi Arabia. Baosteel had said the companies planned to carry out a feasibility study on building a plant to make heavy steel plates, which are widely used in the construction industry. Aramco h ad signed a similar agreement with South Korean steel giant Posco last year. Back in 2018, it signed an MoU with Japanese firms Nippon Steel and Sumitomo Metal Corporation, Sumitomo Corporation and Sumitomo Corporation Saudi Arabia to conduct a feasibility study for an integrated steel plate mill project in the Ras ai-Khair area. Moreover, Sabic Hadeed, the largest steel producer in Saudi Arabia, also planned to build a 1.5 million tonnes steel plate mill at the cost of around USD 3.5 billion in the Saudi city of Jubail, a few years ago, but the downturn in the steel market and weak oil prices poured cold water on the plan.

Currently there is no steel plate mill operating in Saudi Arabia and all Saudi plate demand is satisfied through imports. Total consumption of steel plate in the Middle East and Africa was over 4 million tonnes in 2019, where Saudi Arabia accounted for around 14% of the regional consumption.

voda 9 mei 2022 07:37

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SAIL RSP Supplies 6KT of API X70 Plate to Welspun for NE Pipe Line

Strategic Research Institute
Published on :
09 May, 2022, 5:48 am

Prasar Bharati News Services tweeted that Steel Authority of India Limited’s Rourkela Steel Plant is developing special steels to cater to niche market and has supplied more than 6000 tonnes of import substitute special grade plates in API 5L X70 PSL-2 LSAW grade to Wellspun Limited for use in the prestigious North East Gas Grid Pipe Line Project.

The high strength plates made by RSP are being used by rail, road, & bridge projects, like Chenab Bridge, DholaSadiya Bridge, Mahatma Gandhi Setu, Mumbai Ahmedabad High-Speed Rail Project, Bandra-Worli Sea link, Delhi Vadodara Expressway, Eastern dedicated Freight corridor etc.

voda 9 mei 2022 07:37

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Maersk Aims for Net-Zero Steel in Fleet of Ships

Strategic Research Institute
Published on :
09 May, 2022, 5:56 am

Global shipping giant AP Moller Maersk has joined a global initiative to expedite the transition to low-carbon steel with the goal of procuring 100% net-zero steel by 2050. Maersk is the first company in the shipping and maritime sector to commit to net-zero steel. Maersk, which has a goal of net-zero carbon emissions by 2040, said in April that it will become a part of SteelZero, a program that requires members to procure, specify or stock 100% net zero steel by 2050. Maersk Head of Responsible Ship Recycling Captain Prashant Widge told Supply Chain Dive “The carrier will work with suppliers to address key barriers in decarbonizing the industry. Working groups or roundtables will assist organizations in developing a roadmap to fulfill their commitment to net zero steel.”

Maersk will focus on recycling ships as one of the ways it meets its net-zero goals. More than 700 vessels operated by Maersk are projected to be recycled in the next decade with a large proportion being post-panamax size ships. Maersk Senior VP & CTO Palle Laursen said “Global ship recycling volumes are projected to nearly double by 2028 and quadruple by 2033. Recycled steel will be recognized as a “viable raw material” for steel customers with net-zero emissions targets.”

Steel which contributes 7% of global greenhouse gas emissions, accounts for approximately 90% of a ship’s weight and the maritime sector is starting to join the drive to decarbonize this key material. Other carriers are also moving to recycle ships by joining the Ship Recycling Transparency Initiative, a platform aimed to accelerate the voluntary approach to responsible ship recycling which launched in 2018. Maersk is a founding member of the initiative. CMA CGM, Hapag-Lloyd, Evergreen and NYK Line are among participating carriers, providing information regarding their ship recycling policy, standards and practices.

voda 9 mei 2022 07:38

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Tata Steel Plans Further Expansion through Organic Growth

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

PTI reported that Tata Steel Ltd will look to grow organically and is under no pressure to look at fresh acquisitions during this decade. Tata Steel Chief Executive Officer & Managing Director Mr TV Narendran told PTI “Most of our growth in the last few years has been through the inorganic route. Currently, we are in a position where all our growth ambitions can be met through organic growth in our existing sites. We don’t really need to acquire any new assets to grow output to 40-50 million tonnes per annum from the present level of 20 million tonnes per annum. We will rely more on organic growth during this decade.”

He told “Neelachal Ispat Nigam Ltd output will be ramped up to 10 million tonnes per annum from 1 million tonnes per annum, while the Kalinganagar plant will see an expansion to 8 million tonnes per annum from 3 million tonnes per annum and later to 16 million tonnes per annum. So, there are huge opportunities and plans being made.”

Tata Steel had reported production of 19.06 million tonnes in the 2021-2022 fiscal. It had acquired Bhushan Steel in 2018, Usha Martin in 2019 & is on course to complete the acquisition of Neelachal Ispat Nigam Ltd by the end of the April-June quarter.

Mr Narendran however expressed apprehension about the crude steel production target of 300 million tonnes by 2030 as envisioned in the National Steel Policy 2017.He told “I don’t think 300 million tonnes by 2030 is realistic, because we have lost three-four years due to the pandemic and other factors. Even if it grows at 7-8% a year, you will be in the 200-250 million tonnes range. That would be a more realistic estimate.”

voda 9 mei 2022 07:38

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Steel Ministry Steering Transition towards Green Steel in India

Strategic Research Institute
Published on :
09 May, 2022, 6:23 am

The Parliamentary Consultative Committee meeting for Ministry of Steel was convened on 6 May 2022 at Shimla to brainstorm on Transition towards Green Steel. Union Steel Minister Mr Ram Chandra Prasad Singh urged upon the stakeholders to come together in development of a time bound action plan and concerted efforts for lowering of the emissions from the steel industry in line with the commitments made so that production of Green Steel can be fulfilled and promote Atmanirbhar Bharat.

In this meeting, discussions were held with experts from the steel industry, on the present scenario and the way forward for promoting the transition towards Green Steel. Various strategies & technologies that can be adopted by the steel industry to produce green steel, their pros & cons and their Technology Readiness Levels and when these are like to be available commercially were also discussed. The focus of the discussion was on the prospects of use of Green Hydrogen for use in producing iron and also the use of CCUS technologies for lowering the emissions.

Iron and Steel sector is specially challenging with regard to reduction in Carbon Dioxide emissions, as use of fossil fuel based energy & reductant is deeply embedded in the production process. The emissions from the Indian iron & steel industry is higher primarily due to higher usage coal based energy source and as reductant. It is thus imperative for the Indian steel industry to reduce its emissions substantially and pressure to reduce it is growing by the day in view of the commitments made in the COP26.

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