Eurobench.com

voda 10 mei 2022 07:58

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NREL Scientists Advance Renewable Hydrogen Production Method

Strategic Research Institute
Published on :
10 May, 2022, 6:30 am

According to an analysis from scientists at the National Renewable Energy Laboratory, Perovskite materials may hold the potential to play an important role in a process to produce hydrogen in a renewable manner. The NREL scientists analyzed an emerging water-splitting technology called solar thermochemical hydrogen STCH production, which can be potentially more energy efficient than producing hydrogen via the commonly used electrolysis method. Electrolysis needs electricity to split water into hydrogen and oxygen. STCH relies on a two-step chemical process in which metal oxides are exposed to temperatures greater than 1,400 degrees Celsius and then re-oxidized with steam at lower temperatures to produce hydrogen.

The paper complements ongoing materials discovery research by looking at the system-level design and techno-economic analysis for integrating possible materials into a solar-fuel platform and supporting the Department of Energy’s HydroGEN program. The material discovery in the HydroGEN program involved machine learning, defect calculations, and experimental work to develop new perovskite materials. The researchers need to identify perovskites capable of handling the high temperatures required while hitting performance targets.

This work shows part of a portfolio of techno-economic analysis focused on hydrogen production pathways each with its own advantages and disadvantages. Electrolysis, for example, is commercially available and the electricity required can come from photovoltaics. The PV cells used, however, only capture a section of the solar spectrum. STCH uses the entire spectrum. The concentrated solar thermal power enables STCH to create the chemical reaction.

This research is funded by the Department of Energy’s Hydrogen and Fuel Cell Technologies Office.

NREL is the US Department of Energy's primary national laboratory for renewable energy and energy efficiency research and development. NREL is operated for the Energy Department by the Alliance for Sustainable Energy LLC.

voda 11 mei 2022 06:47

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DST Develop Iron Aluminide Coatings for Corrosion Resistance

Strategic Research Institute
Published on :
11 May, 2022, 5:17 am

Indian Government’s Department of Science & Technology announced that scientists have developed low-cost Fe-based intermetallic powders that can be used as a corrosion-resistant coating for materials exposed to harsher environments like high temperature in thermal power plants where oxidation, corrosion, and wear and tear takes place simultaneously. The coatings showed 4 times increased corrosion resistance in the aqueous corrosive media than the mild steel.

Wear and corrosion cause major damage over a range of service temperatures. Hence, there is a need to protect the component surface with a suitable material for enhanced economic viability. Such surface coating on a turbine blade can enhance the service life and hence increases the operation hours of turbine. At present, thermally sprayed Chromium Carbide-Nickel Chromium Powder and Tungsten Carbide-Cobalt (Cr3C2-NiCr and WC-Co) (cermet) coatings have been widely used for superior wear and high-temperature oxidation resistance applications like thermal power plant turbine blades, aerospace engine blades, landing gear shafts, steel rolls in the paper industry. This is mainly attributed to their hardness, toughness, and better corrosion resistance under exposure to up to 550 degree Celsius in the case of WC-Co coatings and up to 850 degree Celsius for CrC-NiCr coatings. However, the powders are expensive due to presence of Co and Ni elements. Besides, Cr is toxic in its hexavalent state. Replacement of these coatings with simple Fe-based coatings with novel microstructural constituents is very promising. In this regard, iron-based solid phases involving two or more metallic or semi metallic elements (intermetallics) can play a major role owing to their hardness and better corrosion resistance. However, their deployment is rather restricted by low ductility.

A team of scientists of Department of Science & Technology R&D Centre for Engineered Coatings of International Advanced Research Centre for Powder Metallurgy & New Materials has addressed this by synthesizing Fe-based intermetallic powders and utilized the same for depositing the coatings using detonation spray coating technique. Besides, ARCI has developed gas atomized Fe aluminide powder and deposited it on mild steel substrates by DSC without any cracks or spalling. The coatings have demonstrated 4 times increased corrosion resistance in the aqueous corrosive media than the mild steel.

The coatings exhibited better corrosion resistance when Cr and Al are in a solid solution with Fe than in the Fe –rich phases. The coatings have demonstrated an increased wear resistance by 30-40% than the mild steel under solid particle erosion wear mode, implying that FeAlCr coatings can be used for high-temperature erosion resistance applications. More studies are currently underway to qualify the FeAlCr coatings for fireside corrosion protection of boiler components in collaboration with the NTPC, to enhance boiler life.

voda 11 mei 2022 06:48

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IDCO Delaying Reclamation of Land in Kalinganagar from Mesco

Strategic Research Institute
Published on :
11 May, 2022, 5:29 am

Orissa Post reported that despite Supreme Court's order of September 2019, the Odisha Industrial Infrastructure Development Corporation has reportedly failed to reclaim 15-acre land owned by Mesco Steels Ltd at Kalinganagar Industrial Estate in Jakhapura area. As per reports, the IDCO has sent at least six letters to Mesco authorities and Kalinganagar ADM between July 2020 and February 2022 in this connection but the land is yet to be reclaimed.

Locals suspect that some officials of IDCO are hand in glove with Mesco for which they are intentionally delaying the reclaiming of the 15-acre land on which a hotel cum-guest house has been built.

Kalinganagar industrial complex was established in 1990s. Mesco was the first private industrial unit which had set up its plant in the industrial estate. Later, the industrial house obtained two iron mines under Joda mining division. Following the hearing of a case on gross irregularities by Mesco in iron or mining, the Supreme Court had imposed a penalty of INR 924.75 crore on the company. The company had to shut down as it could not pay the penalty.

voda 11 mei 2022 06:49

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EU Steel Tube Industry to Grow by 2% YoY in 2022

Strategic Research Institute
Published on :
11 May, 2022, 5:21 am

European Steel Association EUROFER in latest Economic and steel market outlook 2022-2023 said that “Despite the continued supply chain issues, the fourth quarter of 2021 has confirmed the positive trend of the tube sector, recording the fourth consecutive increase in output by 6X YoY, after 6.9X in the third quarter. Over the entire 2021, the tube sector rebounded by 10.9X, after the severe drop experienced in 2020 of 12.8X due to the COVID-19 pandemic.”

EUROFER said “During 2020 output in the EU steel tube industry was heavily impacted by the industrial stoppages due to the COVID-19 outbreak. Likewise for other steel-using sectors, the rebound seen over the first three quarters of 2021 eased somewhat in the fourth quarter as a result of severe global supply chain issues. The expected disruptions linked to the war in Ukraine have further delayed ongoing projects and impacted the availability of materials. In the longer-term, demand for large welded tubes from the oil and gas sector should not improve substantially, due to the effects of war sanctions and consequent disruptions in oil and gas supply chain.”

EUROFER added “The recent recovery of global oil demand, including oil prices, although not yet at levels comparable to other commodities such as natural gas, is not expected to boost the launch or the implementation of new pipelines in the short-term. On the other hand, demand from the construction sector is set to recover a bit more robustly, whereas tube demand from the automotive and engineering sectors is forecast to remain relatively weaker. In addition, import pressure on steel tube markets in the EU will remain high, particularly for the commodity segment.”

EUROFER said “After a rebound in 2021, output in the rube sector is expected to grow very moderately in 2022 by 2% and also in 2023”

voda 11 mei 2022 06:50

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EPA Fines ArcelorMittal Liberia for Pollution in Nimba County

Strategic Research Institute
Published on :
11 May, 2022, 5:37 am

Afrik21 reported that Liberia’s Environmental Protection Agency has fined ArcelorMittal’s mining subsidiary ArcelorMittal Liberia for water pollution in Nimba County in Liberia and that ArcelorMittal Liberia will pay USD 110,000 in compensation to communities impacted by its activities. The fine is divided into four parts

1. It failed to inform the agency about a major change in its project that poses a significant threat to the environment and human health. This constitutes a violation of the Environmental Protection and Management Act. The fine for such a violation is USD 10,000, with five years imprisonment.

2. Another package is the violation of the June 27, 2021 corrective action, which requires the acquisition of an environmental permit for the operation of its wastewater treatment plant and the discharge of effluent. ArcelorMittal will pay USD 25,000 in compensation.

3. ArcelorMittal was convicted of deliberately and illegally discharging raw sewage into a wetland, damaging the ecological integrity of the wetland and the surrounding river basin. For this act, the EPA fined the company USD 50,000.

4. The other part of the fine, USD 25,000, is for the illegal use of an explosives magazine.

Although the sanctions against ArcelorMittal are only now coming into effect, the EPA noted these multiple deviations much earlier (between 2018 and 2021) and drew the attention of the industrialist without any real improvements. And it is the environment that has paid the heavy price. The company will therefore implement initiatives to clean up the affected water bodies in Nimba County. The work will be carried out by an environmental consultant certified by the EPA. This approach will undoubtedly serve as an example to other polluters.

voda 11 mei 2022 06:51

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Japan Steel Works Fudged Test Results for 24 Years

Strategic Research Institute
Published on :
11 May, 2022, 5:44 am

Japanese daily Asahi reported that manufacturing of cast & forged steel Japan Steel Works Ltd has admitted to nearly a quarter-century of faking inspection data on components shipped to electric power plants. The fabricated data concerned rotor shafts, which are used for turbines and generators at power plants, and retaining rings that fasten the coils of generators. Japan Steel Works however said that “No concrete problem that affects quality and performance has been confirmed at this point.”

Japan Steel Works said the falsified data practice had continued for 24 years until February this year. If products failed to meet the standards during inspections, the company’s product department instructed the inspection department to fake the data so that they would pass. Japan Steel Works also said it had altered or omitted some of the measuring procedures to avoid delays in the delivery of the products. The company acknowledged that the products in question were shipped for use at thermal or nuclear power plants, but it did not disclose the names of the facilities, saying it is still in the confirmation process.

Japan Steel Works did not provide information on the total number of products affected and where they were delivered to but acknowledged that it is talking with its customers about the possibility of replacing the products.

The rotor shafts and retaining rings were manufactured by Japan Steel Works M&E Inc, a wholly-owned subsidiary based in Muroran in Hokkaido in Japan. A whistleblower exposed the wrongdoing in February.

voda 11 mei 2022 06:51

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Emirates Steel Arkan Reports Record Results for Jan-Mar Quarter

Strategic Research Institute
Published on :
11 May, 2022, 5:50 am

UAE’s industrial giant Emirates Steel Arkan has reported revenues of AED 2.04 billion for the first quarter of 2022, compared to AED 233.5 million in 2021. The robust earnings reflect the positive impact of the merger in Q4 2021 of Arkan and Emirates Steel, the largest integrated steel manufacturer in the Middle East. Net profit was AED 72.6 million compared to AED 1.2 million for the same period in 2021, boosted by enhanced operational performance and higher sales volumes. The Group expects 90% of full year revenues in 2022 to derive from Emirates Steel and 10% from the Arkan operations.

On a stand-alone basis, Emirates Steel reported net profit of AED 61.1 million during the first quarter, a 265% increase on Q1 2021, bolstered by higher exports of rebar, sections and sheet piles to regions including Asia and North America. Rebar sales rose by 8% to 462,000 tonnes in the first quarter due to increased demand in Asian markets. At the same time, sheet pile sales grew by 410% in the quarter due to enhanced export sales to North American markets. Meanwhile, each of Arkan’s business units was profitable in Q1. On a standalone basis, Arkan delivered a net profit of AED 11.5 million, an increase of 942% year-on-year.

voda 11 mei 2022 06:52

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North Star BlueScope Steel Celebrates Delta Plant Expansion

Strategic Research Institute
Published on :
11 May, 2022, 5:54 am

Toledo Blade reported that the USD 700 million addition aims to increase annual hot-rolled coil production by 850,000 tonnes & new plants include a third electric arc furnace, a second slab caster and a new shuttle facility at North Star BlueScope Steel at Delta in Ohio in US. The expansion will boost the plant’s hot-rolled steel coil production capacity to just over 2 million tonnes

Ohio’s Lt Governor Mr Jon Husted visited North Star BlueScope Steel at Delta on 10 May 2022 to speak at the ribbon cutting ceremony for the facility's expansion. Later, he tweeted “The expansion further solidifies our state. We are the go-to state in the Midwest. We are the manufacturing hub of this nation."

BlueScope’s Chief Executive Officer Mr Mark Vassella traveled to Delta from the company’s headquarters in Australia for the celebrations and called the BlueScope board’s 2019 decision to proceed with the expansion an incredible vote of faith and confidence in the team from North Star.

The expansion also has prompted Messer Americas, the current supplier of purified oxygen to North Star for its steelmaking, to expand its onsite production with installation of a new super-cold air compressor there. The plant’s expansion also prompted FirstEnergy to spend about USD 2.5 million to upgrade parts of Toledo Edison’s power system feeding Fulton County to support the steel mill.

Built as a joint venture by BHP Steel & North Star Steel Company, the Delta mill rolled its first steel in early 1997. BHP Steel was a unit of Australian mining company Broken Hill Proprietary Ltd, while North Star was a subsidiary of the Cargill conglomerate. BHP Billiton, a merger successor, spun off the mill as part of BlueScope Steel Ltd in 2002, and BlueScope bought out Cargill’s stake in the mill in 2015.

voda 11 mei 2022 06:53

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Nippon Steel Aims to Start Green Steel in FY 2024

Strategic Research Institute
Published on :
11 May, 2022, 5:57 am

Japanese steel giant Nippon Steel Corp plans to supply carbon neutral steel from the fiscal year starting 2024. Nippon Steel President Mr Eiji Hashimoto told media "There is only one way to overcome the unique difficulties that Japan's steel industry faces. That is to supply carbon neutral steel ahead of our global competitors. Company will initially supply 700,000 tonnes of steel that would not emit CO2 in the manufacturing process, either by shifting to alternative energy sources or by capturing any CO2 that is emitted. If we make steel with energy that is carbon neutral, then the steel itself is carbon neutral too.”

Nippon Steel, in FY 2021 earning update, has revealed Carbon Neutral Vision 2050. It said “Our Carbon Neutral Vision 2050, a part of Mid- to Long-Term Management Plan published in March 2021, is aligned with the ambitious national policy to aim for 2050 carbon neutrality. Two core values that our Carbon Neutral Vision provides are provision of high-value-added products and energy-saving solutions that contribute to the reduction of C02 emissions from whole. We will provide high-value-added products and energy-saving solutions and develop decarbonized steel making process ahead of the other countries to provide Carbon Neutral Steel, thus enhancing the global competitiveness of approximately 6,000 domestic customers.”

Nippon Steel added “With support from Green Innovation Fund, Nippon Steel has developed a more specific plan for R&D and practical implementation of breakthrough technologies; small sized pilot EAF with test starting from FY2024 and small sized pilot direct reduction furnace with test starting from FY2025 at Hasaki R&D center, targeting practical implementation as soon as possible”

voda 11 mei 2022 06:53

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Brazil May Cut Steel Import Tax to Cool Inflation

Strategic Research Institute
Published on :
11 May, 2022, 6:00 am

The Brazilian government is expected to announce reduction steel import tax to reduce the inflation rate in the country, which has reached 12.8% during the last 12 months. Reuters reported that Brazilian steel maker’s association Aco Brasil said that Brazilian Economy Minister Mr Paulo Guedes has asked his team to reconsider a tax cut on steel imports to help cool down consumer prices. Aco Brasil explained at a press conference that the government is considering reducing the steel rebar import tax to 4% from 10.8% and that the measure would be reconsidered after a meeting between steel makers and Mr Guedes. Aco Brasil Chairman and Gerdau Aços Brasil, Argentina & Uruguay Mr Marcos Eduardo Faraco Wahrhaftig said that a decision on the tax cut is expected on 12 May. The expectation is that the government will not welcome the plea for the tax reduction and will reverse this measure.”

of the Board of Directors of Aço Brasil / Vice-President of Gerdau Aços Brasil, Argentina and Uruguay

Media reports suggest that he list includes steel products used by the civil construction sector, such as rebar, wire rod and beams, which currently have a 12 percent import tax.

Brazil has been facing persistent double-digit inflation, with the commodity shock exacerbated by the Ukraine war weighing on prospects. Adding to pressures, state-run oil company Petrobras has raised diesel prices by 8.9%.

voda 11 mei 2022 06:54

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H2GS Pre Sells 1.5 Million Tonnes of Green Steel Production in2025

Strategic Research Institute
Published on :
11 May, 2022, 6:05 am

As a clear sign of a strong customer demand for green steel, H2 Green Steel has signed customer contracts in different industries of more than 5-7 years for over 1.5 million tonnes per year out of the planned initial yearly production volume of 2.5 million tonnes that it will produce from 2025 onwards. H2 Green Steel CEO Mr Henrik Henriksson said “When we launched H2 Green Steel about a year ago, we kicked the transformation of the steel industry into a new gear and other players in the industry have moved up their timelines. We are leading the way, showing that it is possible to transform the carbon-intense steel industry quickly, and others are speeding up and stepping up. This is exactly what we want. On top of that, the feedback from customers has been phenomenal and their long-term commitments are keys for us to scale up further.”

Most of the customers pioneering the green transition with H2 Green Steel have signed up for Science Based Targets covering not only scope 1 and 2 but also scope 3 emissions. This accelerates their determination to change. These companies want to drastically reduce the carbon footprint within in their products because they realize that this is what their customers are demanding in turn, both today and in the future, and they are willing to pay premium for it. The demand for green steel by far exceeds what was expected, and the interest is coming from a broad range of industries. The sectors recognized as frontrunners driving this change include steel service centers, pipe and tube, passenger vehicles and heavy commercial vehicles, white goods and construction products. Examples of customers that have signed term sheets or supply agreements for steel so far with H2 Green Steel include Adient, BE Group, BILSTEIN GROUP, BMW Group, Electrolux, Kingspan, Klöckner & Co, Lindab, Marcegaglia, Mercedes-Benz, Miele, Mubea, Purmo Group, Roba Metals, Scania, Schaeffler, Zekelman Industries and ZF Group.

Stockholm Sweden based H2 Green Steel was founded in 2020 with the ambition to accelerate the decarbonization of the steel industry, using green hydrogen. The founder and largest shareholder of H2 Green Steel is Vargas, which is also co-founder of Swedish battery maker Northvolt. H2 Green Steel is headquartered in Stockholm, Sweden, with its first green steel plant under development in Boden, northern Sweden.

voda 11 mei 2022 06:54

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JSW Steel’s Crude Steel Production up by 22% YoY in April 2022

Strategic Research Institute
Published on :
11 May, 2022, 6:08 am

Indian steel giant JSW Steel has reported crude steel production of 1.667 million tonnes in April 2022 on standalone basis, up by 22% YoY as compared to 1.371 million tonne in April 2021, after Dolvi Phase-2 facility commissioned its integrated operations from November 21.

Flat Product Production – 1.200 million tonnes, up 25% YoY

Long Product Production – 0.354 million tonnes, up 5% YoY

JSW Steel also said “The Company started receiving power from renewable sources for Vijaynagar works since April 2022 under long term PPA signed with JSW Energy.”

JSW Steel has become India’s largest steel maker after reporting group’s combined crude steel production of 20.92 million tonnes in FY 2021-22, including the production at jointly controlled entity viz JSW Ispat Special Products Ltd.

Existing Operations - 16.84 million tonne, up 12% YoY

Dolvi Phase 2 Expansion - 0.78 million tonne

JSW Steel Standalone - 17.62 million tonne, up 17% YoY

Bhushan Power & Steel Ltd - 2.72 million tonne

JSW Ispat Special Products Ltd - 0.58 million tonne, up 53% YoY

Indian Operations including Joint Control - 20.92 million tonne, up 35% YoY

voda 11 mei 2022 06:55

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Nippon Steel Posts Record Profit for FY 2021-22

Strategic Research Institute
Published on :
11 May, 2022, 6:10 am

Japanese steel giant Nippon Steel Corporation has achieved a record-high business profit of JPY 938 billion since the integration in FY2012, almost reaching future milestone of JPY 1 trillion. It has reported net underlying profit of JPY 690 billion for the financial year 2021-22 ended 31 March 2022, as compared to a net loss of JPY 32.4 billion in the previous financial year. Nippon Steel's net sales amounted to JPY 6.8 trillion (USD 52.2 billion), increasing by 40.9% YoY as compared to net sales of JPY 4.8 trillion in the previous financial year. Nippon Steel produced 38.68 million tonnes of crude steel, up 17.2% YoY, while its steel product shipments amounted to 35.56 million tonnes, increasing by 13.9% YoY.

Nippon Steel announce following initiatives for sustainable growth

1. Establishment of further more profitable structure

2. Steady implementation of production facility structural measures, regardless of short-term upturn in business environment

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Facilities terminated in 1H FY2021

A. Upstream facilities in Kure Area,

B. A series of upstream facilities in Wakayama Area,

C. Titanium welded pipe production line in Kyushu Works Oita Area, etc.

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Facilities terminated in 2H FY2021

A. Steel plate mill in Nagoya Works,

B. 1CC, large shape mill, UO pipe mill in Kimitsu Area, etc

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Facilities to be terminated in FY2022

A. Pickling line in East Nippon Works Kashima Area

B. Galvanizing and aluminizing line in Setouchi Works Hanshin Area (Sakai), etc

3. Aggressive investments in strategic products and in cutting-edge facilities b remodeling of remaining facilities with sophisticated technology

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Additional investments in electrical steel sheet line for capacity increase and quality improvement. An additional investment is now under consideration on top of the already decided investment of JP 123 billion in order to respond to growing electrical steel sheet demand

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Construction of next-generation hot strip mill in Nagoya Works with investments of JPY 270 billion for 6 million tonne per year b FY 2026

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Major facilities to be put in place in FY2022

A. Nagoya 3BF (relined)

B. Hirohata EAF (newly constructed)

Nippon Steel said that the following risk factors since last year are even exacerbated by Russia-Ukraine Conflict

1) China's slowdown in economic growth

2) Supply shortages, such as for semiconductors

3) Greenflation that leads to the surge in prices of natural and energy resources

Yen's recent rapid depreciation that leads to the aggravation in the Nation's trade deficit

Surge in coking coal price with violent fluctuation due to many countries' embargo on the imports of Russian coal

Surge in iron ore price due to supply chain disruption caused by Russia-Ukraine Conflict

Soaring steel prices especially in US and Europe markets due to the declined steel exports from Russia and Ukraine

Nippon Steel said “The external environment is changing rapidly beyond economic rationality, and global outlook is extremely uncertain. Given that the outlook is extremely uncertain due to the war between Russia and Ukraine, it is difficult to produce reasonable calculations concerning earnings forecasts for the financial year 2022-23. Under this situation, Nippon Steel aims at realizing over JPY 600 billion underlying profit by taking initiatives such as continuous & radical effort to establish an optimal and profitable business structure and flexible response to the changes in global steel market supply & demand by shortening management cycles for passing on costs to quarter basis from half year basis.”

voda 11 mei 2022 06:56

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Swiss Steel Modernizes Reheating Furnace at Steeltec Emmenbrucke

Strategic Research Institute
Published on :
11 May, 2022, 5:47 am

Lucerne Switzerland based Swiss Steel Group’s special steel bright bar maker Steeltec has invested around EUR 60 million in a new walking beam furnace as well as in other plant technology at their rolling mill in Emmenbrucke and has thus made one of the largest investments in recent years for the company as well as the entire Swiss Steel Group. The new furnace allows the rolling mill and its customers to profit considerably from an increase in efficiency and consistently ensures greater sustainability. Higher ring weights and much more homogenous quality of the rolled steel products are the result. Thanks to greater specialization, the furnace is very efficient in its use of its fuel, gas. It has been in operation since September 2021. Like its predecessor, it is a gas-fired walking beam furnace that continuously heats the billets from Steeltec's own steel mill.

With the previous furnace that is over 40 years old Steeltec was only able to process steel billets weighing 1.8 tonne 11 meter long and now with the new plant currently heats billets weighing up to 2.3 tonnes and 13 mete long."

Due to the longer and heavier products, there is much less process waste both during rolling as well as for the customer during further processing. The customers' machines also require less adjusting thanks to the longer raw materials with the same material quantity. The annual steel throughput at the rolling mill increases by around 5,000 tonnes due to the longer and heavier billets. Overall, the new furnace can heat a maximum of 150 tonnes of steel to up 1300 degrees every hour. The rolling mill processes almost 200 different steel grades at temperatures between 1100 and 1250 degrees.

From an ecological perspective, the new furnace is a considerable advance. Despite increased capacity and larger volumes, it uses almost 13% less gas than the old technology. Process heat from the furnace is first used to preheat the billets once they've entered the furnace. As large a portion of the remaining waste heat as possible is then fed into the local district heating network of the city of Lucerne. In total, Steeltec has reduced their CO2 emissions with the innovations at the rolling mill by about 10% annually.

Implementation of the new walking beam furnace has sparked further modernization steps in Emmenbrücke. In addition to the furnace and the new induction technology, Steeltec has procured two new Garrett reels and controlled cooling for the finished rolled wire coils. The diameter of these rolled products in round or hexagonal profiles is up to 50 mm and is wound onto a reel into coils of up to 1440 mm in diameter and a maximum of three tons. In the subsequent controlled cooling section, the rings are subjected to controlled cooling at 16 positions with blown air from below. The cooling process is slow, uniform, controlled and can be adjusted individually for each steel grade.

Steeltec produces engineering and free-cutting steel as well as special bright steel for the automotive, machinery, hydraulics and apparatus engineering industries. The largest production site is at Emmenbrücke in Switzerland with steel furnace and rolling mill as well as two bright steel plants. To produce long steel products, Steeltec recycles 650,000 tonnes of steel scrap every year.

The Swiss Steel Group today is one of the world's leading providers of individual solutions in the special long steel products sector.

voda 11 mei 2022 08:47

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GCC HRC buyers withhold bids, price drop continues
233 Views

The Gulf Cooperation Council hot rolled coil market is sluggish, with obtaining firm bids being the biggest challenge for sellers.

HRC prices dropped under the $1,000/tonne cfr GCC psychological threshold before the Eid holiday and have now reached a second threshold, $900/t cfr, which is expected to be breached in the coming days. Suppliers are enthusiastic about receiving bids, but buyers prefer a wait-and-see policy, with prices falling continuously, Kallanish observes.

At the beginning of this week, 2mm+ SAE 1006 grade HRC initial offers from Indian mills were heard at $910-920/t cfr for June shipment, but mills were ready to compromise at $900/t cfr. After a long absence, South Korean offers for the same material are heard at $940/t cfr and Japanese at $950/t cfr GCC. However, for firm bids, buyers expect Japanese and Korean mills would agree to conclude at $900-910/t cfr for end-June/early-July shipment.

Chinese end-June-shipment offers for 3mm+ SS400 grade HRC at $850/t and cold rolled full hard (CRFH) at $880/t, both cfr GCC, are making buyers wonder whether Chinese material price tags may fall further. However, due to Covid-19-related lockdowns, which are causing congestion in ports, buyers are concerned about material not arriving on time. So far, no delays have been reported by sector participants.

"We are optimistic that we will see $800 price offers within a short time. In the past two months, we placed orders to Chinese mills, and we haven't experienced any delays so far,” says a senior rolling mill official.

"Business activity should continue. HRC prices pegging at between $800/t and $900/t cfr GCC are the consumer level and industry can digest it,” opines a senior pipemaker official.

A Chinese tier-one mill's 1.2mm thickness SPHT-1 grade HRC offer has been heard at $950/t cfr Dammam, whereas the same grade material of 2mm+ thickness is offered at $895/t cfr UAE.

"There is a wide range of HRC prices available, but for firm bids, the price ceiling is set at $900-910/t cfr GCC for non-Chinese material,” opines a senior mill official. "In the coming days, if buyers continue to refrain from giving firm bids, prices will drop below $900/t cfr.”

The Saudi Arabia-based, sole GCC HRC producer has released its July-rolling prices, with 3mm+ SAE 1006 grade HRC quoted at $1,020/t delivered within Saudi. However, this price has been found unworkable, and it is anticipated that Hadeed will compromise to $950-960/t cfr for firm bids.

Burak Odabasi Turkey

voda 11 mei 2022 09:08

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Thyssenkrupp verhoogt outlook
Na stijging resultaat tweede kwartaal.

(ABM FN-Dow Jones) Thyssenkrupp heeft de jaaroutlook verhoogd na een stijging van de resultaten in tweede kwartaal van het gebroken boekjaar. Dit bleek woensdag uit de cijfers van het Duitse industriële conglomeraat.

Het bedrijf baseert de nieuwe prognose op twee uitgangspunten. Ten eerste de aanname dat fossiele brandstoffen en ruwe grondstoffen zonder beperkingen beschikbaar blijven en ten tweede de verwachting dat de prijzen rond de huidige niveaus blijven.

Voor het lopende boekjaar verwacht het bedrijf nu een omzet die procentueel met lage dubbele cijfers stijgt. Over het afgelopen boekjaar staat er een omzet van 34 miljard euro in de boeken. Het aangepaste bedrijfsresultaat (EBIT) komt in de nieuwe outlook uit op ten minste 2,0 miljard euro.

In de oude outlook werd uitgegaan van een aangepaste EBIT tussen de 1,5 en 1,8 miljard euro op een omzet die met circa 5 procent stijgt.

De verwachting voor de vrije kasstroom van break even-niveau en voor de nettowinst van ten minste 1 miljard euro blijft gehandhaafd.

Resultaten tweede kwartaal

In het tweede kwartaal bedroeg het aangepaste EBIT 802 miljoen euro tegen 220 miljoen euro over dezelfde periode een jaar eerder.

De omzet kwam uit op 10,6 miljard euro, een stijging met 24 procent. De orderinstroom bedroeg 13,6 miljard euro, bijna 5 miljard euro meer dan een jaar eerder.

De vrije kasstroom kwam over het tweede kwartaal uit op 233 miljoen euro negatief tegen 767 miljoen euro negatief een jaar eerder.

Het nettoresultaat steeg aanzienlijk, van een verlies van 199 miljoen euro naar 565 miljoen euro positief dit jaar.

Door: ABM Financial News.

info@abmfn.nl

Redactie: +31(0)20 26 28 999

voda 12 mei 2022 07:20

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US Sets AD Duty & CVD on Stainless Steel Flange Imports from India

Strategic Research Institute
Published on :
12 May, 2022, 5:27 am

US’s Department of Commerce, in two separate reviews, has determined that Indian producers & exporters of stainless steel flanges have made sales at prices below normal value as well as were being provided countervailable subsidies

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AD Duty

Chandan Steel Limited – 3.66%

Kisaan Die Tech Pvt Ltd -1.27%

Others?- 3.4%

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Countervailing Duty

Chandan Steel Limited - 5.51%

Kisaan Die Tech Pvt Ltd -5.28%

Non-Selected Companies under Review?- 75.49%

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Period of review

AD Duty – 1 October 2019 to 30 September 2020

Countervailing Duty – 1 January 2019 to 31 December 2019

voda 12 mei 2022 07:21

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Kobe Steel Posts Strong Performance in FY 2020-21

Strategic Research Institute
Published on :
12 May, 2022, 5:29 am

Japanese steel maker Kobe Steel Ltd has reported a net profit of JPY 60.08 billion (USD 462 million) for the fiscal year 2021-22 ended March 31, increasing from the net profit of JPY 23.23 billion recorded in the previous financial year. The company’s consolidated net sales revenues for the full financial year amounted to JPY 2.08 trillion (USD 16 billion), rising by 22.3% YoY, due to an increase in sales volume.

Kobe Steel produced 6.59 million tonnes of crude steel in this period, up 13.4% YoY. Kobe’s steel product sales volume in the given period rose by 11.4% YoY to 5.27 million tonnes. Its steel exports declined by 0.7% YoY to 1.28 million tonnes, while its domestic sales rose by 15.9% YoY to 3.99 million tonnes

Kobe Steel expects its crude steel output and steel sales volume to amount to 6.70 million tonnes and 5.40 million tonnes respectively in FY 2022-23. In addition, Kobe Steel expects to report a net profit of JPY 60 billion and net sales revenues of JPY 2.37 trillion in the FY 2022-23.

voda 12 mei 2022 07:24

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Mr Gadkari Opens Abhishek K Kaiho Auto Scrapping Plant at Fatehpur

Strategic Research Institute
Published on :
12 May, 2022, 5:52 am

India’s Abhishek Group & Japan's Kaiho Sangyo joint venture Abhishek K Kaiho has commenced operations at their first Registered Vehicle Scrapping Facility at Fatehpur village in Nuh district in Haryana. India’s Road transport and highways minister Mr Nitin Gadkari inaugurated the facility. The automobile scrapping facility has the capacity to process up to 1,800 vehicles a month and uses the latest technologies to salvage and re-use components from scrapped vehicles.

As per the Indian Government's new scrappage policy, all vehicles at the end of their registration period are required to undergo fitness testing. Only post this can the vehicle be eligible for re-registration. Post-re-registration the vehicle has to be fitness tested every five years. Currently, commercial vehicles require mandatory testing after 10 years while passenger cars have a shelf life of 15 years. The government also provides incentives to owners voluntarily scrapping their vehicle including scrap value of between 4-6% of the car's ex-showroom price and registration fee waiver on a new car.

Abhishek Group has been in the automotive sector for several decades manufacturing vehicle safety equipment such as seatbelts, parking sensors and sensors along with several automotive accessories, electronics and more.

Kaiho Sangyo Co Ltd is a Japanese automobile recycling company based in Kanazawa city in Ishikawa Prefecture of Japan. In 1969 Mr Norihiko Kondo founded Kondo Automobile Company Inc. His company originally specialized in dismantling automobiles and selling scrap steel, aluminium and copper. In 1992, Kondo renamed his company Kaiho Sangyo and shifted his business from a simple car-scrapping company to a recycling reseller of used automobile parts in foreign countries.

voda 12 mei 2022 07:26

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Tata Tinplate Plans to Add 300KT Capacity in 3 Years

Strategic Research Institute
Published on :
12 May, 2022, 5:55 am

The Telegraph reported that Tata Steel’s subsidiary Tinplate Company India Ltd is embarking on a massive expansion program to expand the tinplate capacity by 300,000 tonnes at a capital expenditure of INR 2,254 crores with the support of its parent, in line with Tata Steel’s stated strategy to increase the share of value added products in the sales mix. After the completion of a three-year project starting this fiscal, TCIL’s capacity in Jamshedpur will go up to 679,000 tonnes from the present level of 379,000 tonnes.

Used mostly in the food processing industry and beverages as a packaging material, the expansion comes on the back of strong demand from these sectors. Apart from the demand push coming out of urbanization, tinplate demand is going up after the import of low grade tinplate, which can cause health hazards, was stopped. Apart from TCIL, JSW Steel is the other major player in India that produces tinplate. As of now, TCIL is the domestic leader in the business with a market share of around 39% and has set a target of 1 million tonnes tinplate capacity by 2030

Vertraagd	26 apr 2024 17:37
Koers	23,750
Verschil	+0,210 (+0,89%)
Hoog	24,080
Laag	23,700
Volume	2.295.626
Volume gemiddeld	2.493.843
Volume gisteren	2.802.569

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