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voda 6 juni 2022 07:19

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Pakistan Approves Funds to PSM for SSGC Gas Supply Pending Bills

Strategic Research Institute
Published on :
06 Jun, 2022, 5:58 am

The Nation reported that Pakistan Government’s Economic Coordination Committee has approved to release of PKR 621 million for making payment of 8 months outstanding gas bills to state owned natural gas supplier Sui Southern Gas Company for gas supply to Pakistan Steel Mills during July 2021 to Feb 2022.

Due to closure of the production activity in Pakistan Steel Mills, low flame gas of 2 MMCFD is being supplied to Pakistan Steel Mills primarily to preserve the Coke Oven Batteries and refractories kilns with an average monthly bill of PKR 80 million.

voda 6 juni 2022 07:19

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EPA Files Case against DTE’s ESS Coke for Air Pollution in Detroit

Strategic Research Institute
Published on :
06 Jun, 2022, 6:02 am

US Justice Department, alleging the company has violated the federal Clean Air Act by increasing sulfur dioxide emissions without obtaining permits or installing pollution controls, has filed a lawsuit against DTE Energy’s EES Coke Battery LLC on 1 June 2022 in federal district court in Detroit in US seeking civil fines and wants a judge to order the company to install emissions controls at its Zug Island facility. The complaint was filed on behalf of the US Environmental Protection Agency, which, alongside Michigan regulators, is advancing a plan to reduce Detroit area SO2 emissions by limiting air pollutants from facilities on the heavily industrialized Zug Island in River Rouge.

According to the filing, EES Coke significantly increased its SO2 emissions after telling regulators in 2014 it would not do that while asking the state to revise its original 1990 permit to remove limits on underfire coke oven gas combustion, which is used to power operations. The increase triggered a stringent emissions review, but the coke oven battery continues to emit SO2 at higher levels without required controls, the filing claims. In 2018, EES Coke emitted more than 3,200 tons of SO2, compared to its permitted baseline of under 2,100 tons per year, the EPA says. In 2021, EES Coke emitted 3,608 tons of SO2. The EPA is seeking fines up to USA 109,000 per day of violation.

However, DTE said that it’s committed to protecting the environment and health of people in communities around its facilities and is currently reviewing the lawsuit. DTE spokeswoman Ms Jill Wilmot said “We believe we have complied with all relevant regulations governing the operations conducted at EES Coke, and we remain committed to responsibly operating the plant while it continues to serve crucial industrial and civic functions through the production of coke to fuel the steel industry and the provision of over 170 jobs.”

EES Coke uses coal to produce metallurgical coke, which is used in making steel. The company is one of the Michigan state’s largest sources of sulfur dioxide, a toxic gas which can exacerbate particulate matter pollution and which can make breathing difficult for people with asthma.

voda 6 juni 2022 07:22

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OMK Switches to Polymers from Wood for Pipe Shipments

Strategic Research Institute
Published on :
06 Jun, 2022, 6:07 am

Russian pipe maker United Metallurgical Company OMK is introducing environmentally friendly & recyclable packaging for transportation of it’s products. With phased replacement of wooden shipping props with synthetic counterparts, the company expects to reduce the use of wooden packaging by 30% in 2022 & completely abandon in few years. In OMK's Vyksa plant in Nizhny Novgorod Region, half of the packaging material for transporting tubular products is already made up of rubber composite products and heat and frost acid and alkali resistant plates. This year, they plan to bring this figure to 80%. The company actively uses rubber-composite racks, stops, lodgements, plugs and other elements that protect the surfaces and ends of pipes from damage. Most of these products are manufactured by the plant itself. By the way, according to an agreement with some customers, the OMK plant receives back the props after the delivery of the products, which it lets for processing. By using recycled polymer materials, the plant reduces greenhouse gas emissions.

At the Blagoveshchensk plant of OMK, in cases where this is allowed by GOST and customer requirements, they also stopped using wooden boxes for transporting pipeline fittings with pallets with a dense polyethylene coating are used instead. Such packaging is non toxic, recyclable and protects products from corrosion for a long time. In addition, only one valve is placed in a wooden box, while the dimensions of the pallet are designed for 2-3 hardware. This approach allows more reasonable use of the space inside the freight transport, simplifies and speeds up loading and unloading operations. And it has a good environmental effect & 62 cubic meter of wood was saved at the plant in 2021.

voda 6 juni 2022 07:26

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US DOC Sets Zero AD Duty on Wire Rod Imports from POSCO

Strategic Research Institute
Published on :
06 Jun, 2022, 6:11 am

The US Department of Commerce has announced the preliminary results of its administrative review of the antidumping duty order on carbon & alloy steel wire rod imports from South Korea. During the review period of 1 May 2020 to 30 April 32021, South Korean steel producer POSCO was found to have not made sales of the given products at less than normal value. Accordingly, the DOC has calculated a weighted-average dumping margin of zero for POSCO.The preliminary antidumping duty for the country is applicable from 2 June 2022.

The scope of the Order includes certain hot-rolled products of carbon steel and alloy steel, in coils, of approximately round cross section, less than 19.00 mm in actual solid cross-sectional diameter. Excluded from the scope are grade 1078 and higher tire cord quality* wire rod to be used in the production of tire cord wire. Also, excluded from the scope are VSQ steel products which are defined as wire rod. For a complete description of the scope of the Order, see the Preliminary* Decision Memorandum.

On 21 May 2018, US DOC had published in the Federal Register the antidumping duty order on wire rod from Korea. On 8 April 2019, US DOC revoked, in part, the Order with respect to grade 1078 and higher tire cord quality wire rod used in the production of tire cord wire. On 13 June 2019, US DOC revoked, in part, the Order with respect to valve spring qualitywire rod

voda 6 juni 2022 07:26

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Wage Pact Hits Breaker after Hyundai Steel Charges Labor Union

Strategic Research Institute
Published on :
06 Jun, 2022, 6:14 am

Business Korea reported that South Korean steel maker Hyundai Steel has filed a complaint with the Dangjin Police Station on 31 May, stressing that the labor union has been illegally occupying the office of the company president at Dangjin Works. As the illegal occupation of the office has been prolonged, the management has judged that it can hardly solve the problem without the intervention of public authorities

The labor union has strongly reacted to the company's move, taking it as a provocation. The labor union said “The management committed an absurd act of accusing the labor union, vilifying our routine struggle that took place in the process of occupying the president’s office on May 2 as an unlawful act. No violence occurred in the process of occupying the president’s office.”

Concerns are growing that Hyundai Steel’s collective bargaining negotiations this year will not go smoothly as the conflicts over the performance-based bonus overlap with the lawsuit against the labor union. The labor union has occupied the president’s office since May 2 and has been staging a sit-in for a month. At the special labor-management council held on that day, when the management failed to offer a plan for the performance-based bonus, the negotiations fell through and some radical labor union members occupied even the president’s office.

As the management accused the labor union ahead of wage and collective bargaining negotiations for 2022, it will considerably fuel conflicts between the labor and management. On May 26, the labor union sent out a request for a collective bargaining agreement in 2022 with the main goal of raising the basic wage by KWR 165,200 & receiving 15% of the previous year’s operating profit as a performance-based bonus. In the second half of last year, Hyundai Steel paid KWR 75,000 increase in the basic salary and a performance bonus reflecting the company’s business performances in the wage negotiations in the second half of last year.

However, this year, Hyundai Motor and Hyundai Mobis have paid special incentives, putting Hyundai Steel, their sister company, in a difficult situation in terms of labor management harmony. Earlier in March, Hyundai and Kia employees received a special COVID-19 incentive of KWR 4 million per person. In response to this news, their sister companies also asked for incentives, so Hyundai Mobis decided to pay a total of KWR 4 million to all employees, KWR 3 millionn in special incentives and KWR 1 million in incentives to achieve goals in May.

voda 6 juni 2022 07:27

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East Pipe Bag another Pipe Order from Saline Water Conversion Corp

Strategic Research Institute
Published on :
06 Jun, 2022, 6:17 am

Saudi Arab’s Saline Water Conversion Corporation has awarded a SAR 490 million (USD 131) million pipe supply contract to Welspun Corp Limited’s associate Saudi’s East Pipes Integrated Company, formerly Welspun Middle East Pipes, for Industry last week for a water transmission project. The supplies would be executed over a period of next 12 months. East Pipes Chief Executive Officer Mr Mohammed Al Shaheen said that the Saudi economy is on a sustained path of recovery, following temporary project delays caused by the pandemic. He said “The current infrastructure sector and economic environment in the Kingdom is conducive to growth, and East Pipes anticipates an increase in demand resulting from a large pipeline of projects over the next 2 to 3 years, thus translating into a robust performance for the company in the medium term.”

Saline Water Conversion Corporation has also awarded a SAR 497 million (USD 267 million) pipe supply contract to East Pipes in March 2022 and with the latest order, East Pipe has secured pipe supply contracts worth USD 398 million. East Pipes Ali Vice President Commercial Mr Al Makrami said “With nearly 1 billion riyals contracted for delivery over the next 12 months, we are ready to build on our track record of effective execution, to deliver on these significant new projects.”

Founded in 2010, at Dammam’s Second Industrial City in Saudi Arabia, East Pipes Integrated Company for Industry is a state-of-the-art manufacturer of Helical Submerged Arc Welded pipes. The company has a production capacity up to 500,000 tonnes of pipes annually that are used to transport Water, Oil and Gas, according to wide range of diameters of spiral pipes, supported by the double jointing unit, and a factory for coating all pipes of various sizes and lengths, with an annual production capacity of 4.5 million square meters.

voda 6 juni 2022 07:28

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NMDC Nagarnar Steel Plant Commissioning Hit by Motor Failure

Strategic Research Institute
Published on :
06 Jun, 2022, 6:19 am

The Hindu’s Business Line reported that India’s largest iron-ore miner National Mineral Development Corporation may issue shares in the ratio of 1:1 as it looks to demerge and subsequently list shares of its steel subsidiary NMDC Steel. The listing process will take a few more months post a June 7 meeting of its shareholders and creditors for approval of the demerger process. The NMDC Board had earlier approved the scheme of arrangement for de-merger between NMDC and NMDC Steel.

NMDC’s Director Finance Mr Amitava Mukherjee has said in investor call that “So, after that, these are carried through in both the creditors forum and in the shareholders will be going back to the MCA. Once the orders are passed by the Government of India, then we need to file it back with the stock exchanges. And then we need to issue share in the ratio of 1: 1 and then list that share in the stock exchange. It should take around three months after we file compliance or the detailed report regarding these meetings on June 7. So, let’s see another couple of months after that maybe for listing of shares of NMDC Steel. However, commissioning of the 3 million tonne per annum Nagarnar plant is expected around July end or early August.”

However, Business Line separately reported that transaction advisors for divestment of NMDC’s NMDC Steel Ltd have raised concerns over the delay in commissioning of the plant following a break-down in one its equipments as it could lead to an overall delay in the divestment process. Indian Government’s Department of Investment and Public Asset Management has also considered the delay as serious and did not accept NMDC’s suggestion to delay the de-merger process so as to coincide with delay in commissioning of plant & asked NMDC to get technical issues sorted out.

Reports suggest that commisioning of NMDC’s 3 million tonne per annum integrated steel plat at Nagarnar has been delayed by at least three months due to burning of motor which has in turn stalled commissioning of the oxygen plant as the equipment maker BHEL has indicated six months timeline for repair of motor.

According to media reports in February, earlier timeline of commissioning was

1. Coke Oven Battery 1 Heating – Jan’22

2. Coke Oven Battery 2 Heating – Feb’22

3. Sinter Plant – Mar’22

4. Coke Oven Production –Apr’22

5. Sinter Plant Trial – May’22

6. Blast Furnace Blowing – Jun’22

7. HSM Commissioning – Jul’22

Government of India under Ministry of Steel is setting up a 3 million tonne per annum capacity greenfield Integrated Steel Plant based on Hi-Smelt technology in Nagarnar, located 16 km from Jagdalpur in Chhattisgarh state with an estimated outlay of INR 21500 crore. MECON is providing Procurement Services, Basic Engineering Services, Detailed Engineering Services, Designer’s Supervision Services, Inspection Services, Assistance in Commissioning Services and other General Services. The entire plant is being installed in less than 1,800 acres of land and has the following major facilities

Coke Oven & By Product Complex – 2 x 7 meter Tall Batteries

Sinter Plant- 460 square meters

Blast furnace complex - 4,506 cubic meters

Steel Melting Shop - 2 x175 tonne BOF Converters

Ladle furnace - 2 x 175 tonnes

RH-OB - 2 x 175 tonnes

Thin Slab caster - 2 Strand CC

HSM

voda 6 juni 2022 07:57

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Alien Metals to Start Production at Hancock Iron Ore Project in 23

Strategic Research Institute
Published on :
06 Jun, 2022, 6:30 am

UK-based iron ore company Alien Metals has announced that its Hancock Iron Ore Project in Western Australia will commence its first production in 2023. The discussions with third-party contractors and potential offtake partners to enable the company to get into production in 2023 are continuing.

The company has signed an agreement to acquire 100 percent of Australia-based Zenith Minerals’ Vivash Gorge iron ore project in the Pilbara region of Western Australia. The project will be the company’s third strategically located high grade iron ore project within the Pilbara region.

voda 6 juni 2022 10:02

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Prijs ijzererts verder omhoog door optimisme over Chinese vraag
ANP Producties - 21 minuten geleden
© ANP

SINGAPORE (ANP/BLOOMBERG) - De prijs van ijzererts ging maandag verder omhoog na de sterke opmars van vorige week. De verdere versoepeling van de coronamaatregelen in China bleef zorgen voor optimisme over een opleving van de economische activiteit en de vraag naar staal in China. Het strikte coronabeleid van Beijing, waardoor veel fabrieken gesloten moesten blijven of op halve kracht draaiden, zette eerder juist de vraag naar staal onder druk.

De prijs van ijzererts steeg in Singapore met 0,7 procent tot 143,75 dollar per ton. Afgelopen week werd de grondstof al meer dan 7 procent duurder en schoot de prijs door de 140 dollar per ton. Dat was de grootste weekwinst in dertien weken tijd. In mei schommelde de prijs rond 130 dollar per ton.

Na de onderbreking van veel bouw- en infrastructuurprojecten vanwege de lockdowns in grote Chinese steden, verwachten handelaren dat Beijing de uitgaven aan infrastructuur zal opvoeren en een inhaalslag zal maken waardoor de vraag naar staal zal toenemen. Ook zijn de ijzerertsvoorraden in de grote havens gedaald tot het laagste niveau in acht maanden tijd.

www.msn.com/nl-nl/geldzaken/nieuws/pr...

voda 7 juni 2022 06:50

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US Steel Capacity Utilization Dips below 82% in Week 22

Strategic Research Institute
Published on :
07 Jun, 2022, 6:08 am

American Iron & Steel Institute announced that in the week ending on 4 June 2022, US’s raw steel production was 1.781 million net tons while the capability utilization rate was 81.6%. Production was 1.840 million net tons in the week ending 4 June 2021 while the capability utilization then was 82.1%. The current week production represents a 3.2% decrease from the same period in the previous year. Production for the week ending 4 June 2022 is down 0.9% from the previous week ending 28 May 2022 when production was 1.798 million net tons and the rate of capability utilization was 82.4%.

North East: 170 KNT

Great Lakes: 577 KNT

Midwest: 207 KNT

Southern: 758 KNT

Western: 69 KNT

Adjusted year-to-date production through 4 June 2022 was 38.874 million net tons, at a capability utilization rate of 80.6%. That is down 1.6% from the 39.517 million net tons during the same period last year, when the capability utilization rate was 78.8%.

voda 7 juni 2022 06:51

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Tata Steel Awards MaterialNEXT 3.0 Winners

Strategic Research Institute
Published on :
07 Jun, 2022, 6:10 am

Tata Steel announced that team Nano Tribe of IIT Hyderabad was declared the winner of the third edition of 'Tata Steel MaterialNEXT’ at the Finale held in Jamshedpur on 1 June 2022. The team comprising of Ms Sushmitha Veeralingam, Mr Hari Prakash and Ms Jaladurgam Eshwari, was mentored by Dr Sushmee Badhulika and presented the solution titled self-powering sensor to detect pre-diabetes in human breath. The winning team received a cash prize of INR 5 lakh.

Team Materials Engineering lab of the Indian Association for the Cultivation of Science Kolkata showcased the solution titled facile, high yield and room temperature synthesis process for two-dimensional materials and secured the 1st runner-up slot. The members, Mr Sukhendu Maity and Dr Krishnendu Sarkar, were mentored by Dr Praveen Kumar and received a cash prize of INR 2.5 lakh.

Team TCN-IITRPR of IIT Ropar which showcased the solution titled Recovery of pure hydrogen from H2S by greener electrochemical approach, bagged the 2nd runner-up position. This team, consisting of Mr Mukesh Kumar, was mentored by Dr CN Tharamani and received a cash prize of INR 1 lakh.

The remaining five teams from top eight won a cash prize of INR 25,000 each for demonstrating their innovative solutions and ideas. This edition of MaterialNEXT received registrations from 278 teams, with final 166 active ideas.

MaterialNEXT, a flagship pan-India competition organized by Tata Steel Advanced Materials Research Centres, focuses on nurturing open innovation in emerging domains of materials and their application. MaterialNEXT was launched on 28 December 2018, coinciding with the birthday of Mr Ratan N Tata, Chairman Tata Trusts and Chairman Emeritus Tata Sons. The third edition looked at innovation in the domains of sustainability and materials. Both these domains had two areas each under them, which further split into multiple sub-areas, in terms of current and future industry relevance. Proposals were invited in these sub-areas through the Research or Start-up tracks after registration.

voda 7 juni 2022 06:52

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Metinvest Celebrating 16th Anniversary in the Midst of War

Strategic Research Institute
Published on :
07 Jun, 2022, 6:13 am

Ukrainian steel maker Metinvest Group CEO Mr Yuri Ryzhenkov announced that Metinvest is celebrating its 16th anniversary in the midst of war. He said “Since its foundation, the Group has been working for the development of Ukraine. Now, in the most difficult times, we have not hesitated to direct all resources to help the country. Metinvest has allocated UAH 1.5 billion (USD 50 million) to support Ukraine, and we will continue supporting it until victory. In liaison with the Rinat Akhmetov Foundation, we have launched the Saving Lives humanitarian project. Due to the efforts of Metinvest and partners from all over the world, more than 60,000 people have received food and essential supplies. We also provide regular assistance to medical institutions in our cities by supplying the necessary equipment and medicines.”

He said “Despite the challenging conditions, our enterprises continue to operate. After a one-month halt, we have resumed operations in Zaporizhzhia. Our employees in Kamianske, Pokrovsk and Kryvyi Rih are standing strong in the most difficult times. I thank everyone who has contributed to the stability of production for the sake of a peaceful future. I believe that after victory, our enterprises in Avdiivka and Mariupol will work again. We will restore our plants and the indestructible fortress of Azovstal will again produce high-quality steel.”

He added “Unfortunately, the war has brought tremendous grief to Ukrainians, including our workers. Please rest assured that we will not leave you in the lurch and will help you to survive the horrors of war. Metinvest has created rehabilitation and reintegration centres so that displaced employees can receive medical and psychological assistance, as well as find new work and accommodation. The time will come when we will rebuild everything that has been destroyed. Yes, we have a lot of work ahead of us, but we also know what we will be working for: a happy life in peaceful cities of a successful independent country. Happy birthday Metinvest, Glory to Ukraine.”

voda 7 juni 2022 06:53

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Ezz Steel & Al Ezz Dekheila Steel Report Strong Result for Jan-Mar

Strategic Research Institute
Published on :
07 Jun, 2022, 6:15 am

Egyptian steel makers Ezz Steel & Al Ezz Dekheila Steel have reported strong results for January-March quarter of 2022.

Ezz Steel has reported consolidated net profits after tax worth EGP 1.21 billion in January-March quarter of 2022, higher than EGP 1.18 billion in Q1 of 2021. Sales amounted to EGP 18.64 billion, up from EGP 13.49 billion during the same period a year earlier. Meanwhile, the company achieved standalone net profits after tax of EGP 18.20 million, lower than EGP 74.18 million in the year-ago period. During the January-March quarter of 2022, the non-consolidated revenues stood at EGP 3.39 billion, compared to EGP 2.09 billion during the same period in the previous year.

Al Ezz Dekheila Steel Alexandria generated EGP 1.19 billion in consolidated net profits after tax during January-March quarter of 2022, an annual growth of nearly 16% from EGP 1.02 billion. During the January-March quarter of 2022, the revenues leaped by around 46% to EGP 17.16 billion from EGP 11.71 billion in Q1 of 2021. Meanwhile, the standalone net profits after tax amounted to EGP 1.08 billion in, a 26% YoY hike from EGP 771.87 million. The non-consolidated sales reached EGP 13.67 billion in January-March quarter of 22, up by about 55% YoY from EGP 8.84 billion.

voda 7 juni 2022 06:53

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Ship Breaking Activity Quietness as Price Outlook Uncertain

Strategic Research Institute
Published on :
07 Jun, 2022, 6:19 am

World's leading cash buyer of ships for recycling GMS said that “As sales dry up into sub-continent markets due to firming freight rates and plummeting vessel prices, the industry is once again entering a lull, especially as the traditionally quieter summer & monsoon months descend. At this time, we do not anticipate Ship Owners or Cash Buyers to offload any of their inventories, if vessels are even available, at these reduced rates and End Buyers still remain reluctant to commit units at any firm numbers being demanded, such is the volatility in the market at present. There have not been any sales to benchmark this recent fall in levels, but depreciating currencies and plummeting steel plate prices seem to have knocked over USD 100 per LDT off across the sub-continent & Turkish markets and sentiments do appear to be shredded as nerves remain frayed. Accordingly, there have been some opportunistic numbers being dished around, far below where most in the industry believe prices should be at present, and as expected, no Ship Owner or Cash Buyer is presently willing to entertain such offers in the low USD 600 per LDT, perhaps even lower, as recycling markets stabilize for the time.”

GMS also said “A gradual rebound is eventually expected, especially as supply remains extremely restricted and yards are more than empty, but just how far and how soon levels will return remains anyone’s guess. Overall, despite yard capacity improving across the sub-continent, freight sectors too have been performing admirably, thereby resulting in a suffocation of resale’s to global Recyclers. Evidence of this even presents itself at the waterfront, as local port positions are starting to dwindle with marginal arrivals last week.”

GMS concluded “As such, given the historical tenacity of these pricing trends, we can expect levels and demand to pick up as we head towards the third quarter of the year, with most in the industry hoping for a sustained recovery.”

GMS Price Assessment - India/Bangladesh/Pakistan – Week 12

Dry Bulk – USD 600-620 per LDT

Tankers - USD 610-630 per LDT

Containers - USD 620-640 per LDT

voda 7 juni 2022 06:54

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SAIL BSL Plans Floating Solar Plants on Cooling Pond 1 & Carga Dam

Strategic Research Institute
Published on :
07 Jun, 2022, 6:22 am

Times of India reported that Steel Authority of India Limited’s Bokaro Steel Plant would set up floating solar power plants on Cooling Pond-1 in Bokaro & Carga Dam in Balidih in Jharkhand with the Jharkhand Renewable Energy Development Authority & the Bureau of Energy Efficiency. The report quoted Bokaro Steel Plant sources as saying that “JREDA has conducted a detailed survey of Cooling Pond-1 and assessed the Carga Dam. It will prepare the feasibility report and the technical specification for the project, based on which the BSL will float the tender. Cooling Pond-1 has an area of 3.2 square kilometers, while the Carga Dam is spread over about 4 square kilometers. Initial survey of Carga Dam suggests that a solar power plant of about 5O MW generation capacity can be installed. We are waiting for the JREDA to submit its findings to BSL.”

Bokaro Steel Plant’s Director in Charge Mr Amarendu Prakash said “We are working towards installing solar power plant on water bodies instead of the land. We have identified the spots. BSL is strategizing its expansion to double production capacity in the next eight years. The plan is being prepared and discussed to Steel Authority of India Limited for clearances.”

Mr Amarendu Prakash added “Like SAIL, which is in process of enhancing its production capacity from the present 20 million tonne per annum to 35 million tonne per annum by 2030, the BSL is also aiming to increase its production from 5 million tonne per annum to 10 million tonne per annum in eight years. In the second phase, BSL will add another 15 million tonne per annum.”

voda 7 juni 2022 06:54

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US DOC Starts CCR for BFN Forgings Steel Flanges from India

Strategic Research Institute
Published on :
07 Jun, 2022, 6:25 am

In response to a request for a changed circumstances review, the US Department of Commerce is initiating a CCR of the antidumping duty order on finished carbon steel flanges from India. US DOC preliminarily determined that BFN Forgings Private Limited is the successor-in-interest to Bebitz Flanges Works Private Limited and has invited interested parties to comment on these preliminary results. Any interested party may request a hearing within 14 days

On 24 August 2017, US DOC published the AD order on flanges from India. For the period 1 August 2019 to 31 July 2020, Bebitz was assigned the cash deposit rate of 0% as it was not selected for individual review. On 14 April 2022, BFN Forgings requested that US DOC to conduct an expedited CCR to find that BFN Forgings is the successor-in-interest to Bebitz Flanges. In its submission, BFN Forgings addressed the factors Commerce analyzes with respect to successor-in-interest determinations in the AD context and provided supporting documentation. US DOC has received no comments from interested parties on BFN Forgings's CCR Request.

voda 7 juni 2022 06:55

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JSW Steel Dedicates Steel Slag Sand Plant at Vijayanager

Strategic Research Institute
Published on :
07 Jun, 2022, 6:27 am

India’s leading steel maker JSW Steel has dedicated Steel Slag Sand plant to the nation at JSW Steel Vijayanagar Works On the occasion of World Environment Day. The commissioned unit of 0.30 million tonne per annum capacity is one of its kind in the world, equipped with value added technology, which will not only mitigate the slag disposal problem but also provides low cost eco friendly sand for construction purposes.

The Research & Development team of JSW Steel Vijayanagar Works has developed this sustainable process for converting steel making slag into sand to replace river sand for its extensive usage in civil construction. This new steel slag sand also offers an eco-friendly alternative to river sand. This patented process circuit treats crushed slag through a vertical shaft impactor and a classifier after metallic separation.

The use of slag as aggregate reduces the need for virgin material, energy and polluting emissions generated during the mining,/crushing, processing and transportation of that material. Effective utilization of this material will have a tremendous economic impact, conservation of natural resources and gainful recycling of process by-products.

voda 7 juni 2022 06:56

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Origami Solar’s Steel Solar Module Frames Cut GHG Emissions

Strategic Research Institute
Published on :
07 Jun, 2022, 6:42 am

Bend Oregon based steel frame for solar modules developer Origami Solar announced new research findings that indicate Origami’s solution can reduce solar module production embodied GHG emissions by 87% over the industry’s ubiquitous aluminum frames. The report, released by Boundless Impact Research and Analytics, underscores the critical role domestic steel sources can play in rebuilding and securing domestic PV module capacity and supply chains. Stronger home front supply chains will thus ensure solar energy independence from China and other Southeast Asian countries, which currently provide virtually all of the aluminum frames used around the world.

The Origami Solar steel module frames produced in the United States using 100% recycled steel delivers an 87% reduction in GHG emissions compared to aluminum module frames and a 94% reduction when produced in Germany, which more widely utilizes renewable energy in manufacturing. The estimated Fossil Energy Footprint of Origami Solar’s steel module frame is 137 mega joules per 1 by 2 meter frame, compared to 815 MJ for a conventional virgin aluminum frame produced in China using an extrusion production process.

The potential GHG emission savings resulting from replacing only 10% of the industry’s conventional aluminum solar frames with Origami Solar steel module frames is approximately 30 megatons or 30 million tonnes between 2022 and 2030. This is equivalent to the emissions of eight coal-fired power plants for an entire year. And a 50% shift to steel would result in a GHG reduction of 148 megatons.

Origami Solar uses a steel rolling forming process which creates a frame with intricate folds, hence the name Origami Solar. Origami’s patent-pending design, combining innovative engineering and deep knowledge of the capabilities of precision roll-forming and utilization of domestically, whether in North America, Europe, India, or any market looking to establish their own PV manufacturing capabilities and supply chains, available recycled steel, delivers performance equal to or better than aluminum frames while lowering material costs and significantly reducing production greenhouse gas emissions. This innovative module frame is backwards compatible with existing aluminum frames, easily adopted by the solar module industry, and will meet or exceed all UL and IEC standards.

This announcement comes shortly after Origami advanced to the final round of the US Department of Energy’s American-Made Solar Prize competition. One of 10 Hardware Track teams named finalists, Origami was awarded USD 100,000 prize to advance its innovation from proof-of-concept to production-ready for the final phase of the contest. Origami will present its solution one more time at the DOE’s Go! Demo Day in September 2022.

voda 7 juni 2022 06:56

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Ryerson Breaks Ground for New Central Steel & Wire Facility

Strategic Research Institute
Published on :
07 Jun, 2022, 6:44 am

Chicago Headquartered US’s leading processor & distributor of industrial metals Ryerson Holding Corporation held a groundbreaking ceremony on 1 June 2022 for its new 900,000 square foot service center facility & headquarters for its wholly-owned subsidiary Central Steel & Wire Company. Located in University Park in southern suburb of Chicago, the new facility will feature expanded bar and tube processing equipment. The facility is expected to be operational by the middle of 2023.

Special guests at the groundbreaking ceremony included University Park Mayor Joseph Roudez, Will County CEO Jennifer Bertino-Tarrant, Illinois State Senator Patrick Joyce, Governors State University President Dr. Cheryl Green, Clayco VP and Industrial Business Unit Leader Trevor Ryor, Principal at Venture One Mark Goode, and the Ryerson leadership team.

Founded in 1842, Ryerson is a leading value-added processor and distributor of industrial metals, with operations in the United States, Canada, Mexico, and China. Ryerson has around 4,000 employees in approximately 100 locations.

voda 7 juni 2022 06:57

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Ms Raimondo Signals Continuation of Import Tariffs on Steel

Strategic Research Institute
Published on :
07 Jun, 2022, 6:46 am

US’s Commerce Secretary Ms Gina Raimondo during an interview on CNN’s State of the Union said hat US government is looking to repeal tariffs on certain goods to curb the hottest inflation Americans have seen in nearly four decades. Ms Raimondo said “I know the president is looking at that” There are products household goods, bicycles, where it may make sense. Steel & aluminum, we’ve decided to keep some of those tariffs because we need to protect American workers and we need to protect our steel industry; it’s a matter of national security.”

The bulk of the tariffs that the administration is weighing involve USD 300 billion in duties former President Mr Donald Trump slapped on China. By lifting the Trump era tariffs, Mr Biden could ease inflation and strengthen the economy

A March paper published by the Peterson Institute for International Economics has estimated that feasible tariff reduction could reduce inflation by 1.3% points, saving the typical US household USD 800 a year.

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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