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voda 29 september 2022 07:43

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Metso Outotec to Supply Iron-Ore Pelletizing Plant to Shougang

Strategic Research Institute
Published on :
29 Sep, 2022, 6:31 am

Metso Outotec has signed a contract with Beijing Shougang International Engineering Technology for the delivery of an iron-ore pelletizing plant to Shougang Qian’an Iron & Steel. The plant will be built in Qian’an in Hebei province in China. Pellet production at the Qian’an plant is estimated to start by the end of 2023.

Metso Outotec’s scope of delivery includes the engineering and design of the indurating system and process gas fan system, as well as supply of proprietary equipment, instrumentation, and control systems. Supervisory services and technical training are also included in the delivery scope. The core of the plant is Metso Outotec’s traveling grate pellet indurating furnace with a grate area of 504 square meters.

Metso Outotec’s traveling grate technology ensures high performance and quality while significantly decreasing energy consumption and emissions. The process produces uniform pellets and ensures high performance and quality, with low investment and operating costs as well as decreased energy consumption and emissions.

voda 29 september 2022 07:44

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Nucor to Construct Two Flat-Rolled Galvanizing Lines

Strategic Research Institute
Published on :
29 Sep, 2022, 6:33 am

Nucor Corporation's Board of Directors has approved the construction of a galvanizing line at Nucor Steel Berkeley in South Carolina to support the company's strategy to expand its capabilities and grow participation in the automotive and consumer durables markets. The USD 425 million investments will create more than 50 new full time jobs and start-up is expected in mid-2025. Additionally, Nucor's Board of Directors approved a galvanizing line to be constructed in the western United States with details to be announced at a future date.

The new South Carolina galvanizing line will have an annual capacity of approximately 500,000 tons and will be able to produce galvanized steel up to 72 inches wide.

Last month, Nucor Steel Berkeley announced a five-year USD 200 million modernization projects, including constructing a new air separation unit to supply industrial gases for the mill's steelmaking operations. The mill currently employs 975 teammates.

Nucor operates five strategically located sheet mills that utilize thin slab casters to produce flat-rolled steel for automotive, appliance, construction, pipe and tube, and many other industrial and consumer applications. The current capacity of Nucor's sheet mills is estimated at approximately 13 million tons per year. Nucor has a sixth sheet mill under construction in West Virginia and additionally owns a majority stake in California Steel Industries as well as a joint venture automotive galvanizing line in Mexico. All of Nucor's sheet mills are equipped with galvanizing lines and five of them are equipped with cold rolling mills for the further processing of hot-rolled sheet steel.

voda 29 september 2022 07:45

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John Cockerill India to Supply CGL to Jindal Steel Odisha

Strategic Research Institute
Published on :
29 Sep, 2022, 6:35 am

Jindal Steel Odisha has entrusted John Cockerill India with the supply of Continuous Galvanizing Line 2 to be installed at the client's Angul Odisha Works. The contract also includes supply of spares for two years for the said CGL-2. The total value of contract of CGL-2 exceeds INR 160 Crores.

John Cockerill India, formerly known as CMI FPE, was incorporated in 1986. The Company design, manufacture, erection and commissioning of Cold Rolling Mill Complexes, Processing Lines, Chemical equipment, industrial furnaces and auxiliary equipments for the world wide steel industry.

voda 29 september 2022 07:53

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Sidenor Halts Production at Reinosa Rolling Mill over Energy Costs

Strategic Research Institute
Published on :
29 Sep, 2022, 6:37 am

According to local media reports, Spanish special steel producer Sidenor Group has halted production at the rolling mill at its Reinosa plant in northern Spain on 26 September for six months due to high energy costs. The halt affects 16 people of the 138 employees at the plant, who will be relocated to other facilities.

The rolling mill at the Reinosa plant produces bars for the automotive industry.

Sidenor is a steel company, leader in the European steel industry for the production of special steel long products. It is also an important supplier of cold finished products in the European market. The company has production centers in Basque Country, Cantabria and Catalonia as well as business delegations in Germany, France, Italy and the UK.

voda 29 september 2022 07:53

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Voestalpine Mourns Loss of Former Chairman Dr Joachim Lemppenau

Strategic Research Institute
Published on :
29 Sep, 2022, 6:39 am

Longstanding Chairman of the Supervisory Board of voestalpine AG Dr Joachim Lemppenau passed away earlier this week at the age of 81. He was a member of the Supervisory Board of voestalpine AG from 1999 to the end and it’s Chairman from July 2004 to March 2022. The internationally recognized top manager has thus played a key role in shaping the success story of the steel and technology group over the past two decades. The Supervisory Board, the Management Board and the Works Council of voestalpine AG are informed of the death of Dr Lemppenaus deeply affected. For the employees, he was a figure of identification and stability factor at the head of the supervisory board for almost 20 years.

Chairman of the Supervisory Board of voestalpine Mr Wolfgang Eder said “With Joachim Lemppenau, the Group loses one of its most influential personalities of the past decades. On the Supervisory Board, he stood for global technology and quality leadership in steel as well as for the accelerated expansion of processing skills and internationalization. The future prospects of the employees were of particular concern to him. He was a mentor and supporter for generations of leaders. We are not only saying goodbye to a person who is important to the history of voestalpine, but also to a staunch friend of our Group and a great person.”

Dr Joachim Lemppenau studied law in Geneva and Tübingen and has held various board positions, including at Mannesmann and in the insurance industry, most recently as CEO of the Volksfürsorge insurance group in Hamburg. As a former general manager of the steel industry and as chairman of the employers' association of insurance companies in Germany, he also had many years of experience in collective bargaining policy. From 1999 Dr Lemppenau, in addition to other supervisory board functions, member of the supervisory board of voestalpine AG. In 2004 he took over the chairmanship of the control committee, which he handed over to Mr Wolfgang Eder in March 2022 after 18 years.

voda 29 september 2022 07:54

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India Retaliates with 15% Duty against UK’s Steel Safeguards

Strategic Research Institute
Published on :
29 Sep, 2022, 6:41 am

Indian government has proposed 15% retaliatory duties on 22 items imported from UK against curbs on steel products. In a communication to the World Trade Organisation, India said that the proposed suspension of concessions would be in the form of an increase in duty on the selected products, including whiskey, cheese and diesel engine parts, originating in the UK.

India said that it is estimated that the safeguard measures taken by the UK on steel products have resulted in the decline of exports to the tune of 219,000 tonnes on which the duty collection would be USD 247.7 million. Accordingly, India’s proposed suspension of concessions would result in an equivalent amount of duty collected from products originating in the UK. India notified WTO‘s Council for Trade in Goods of its decision to suspend concessions or other obligations under the General Agreement on Tariffs and Trade 1994 and the Agreement on Safeguards that are substantially equivalent to the amount of trade affected by the measures of the UK

The products include processed cheese, scotch, blended whiskey, gin, animal feed, liquified propane, some essential oils, beauty preparations, cosmetic and toilet preparations, unsorted diamonds, silver, platinum, semi-diesel engine parts, unwrought gold, turbo jets, and certain electric conductors etc.

The measures imposed by the UK consist of tariff-rate quotas imposed on 15 steel product categories with an out-of-quota duty of 25%.

voda 29 september 2022 07:54

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JSPL’s Jindal Steel Odisha Expansion Plans Get Public Consent

Strategic Research Institute
Published on :
29 Sep, 2022, 6:42 am

New Indian Express reported that the public hearing, necessary to get people’s consent for obtaining environmental clearance for the mega steel project, for the expansion of JSPL’s subsidiary Jindal Steel Odisha was held successfully without any opposition from locals on 28 September 2022. Jindal Steel Odisha plant currently has a capacity of 6 million tonne per annum and plans to expand the capacity to 25.2 million tonne per annum in next five years.

The meet was held at Sabhaghara under the chairmanship of Angul ADM Mr Rajanikanta Swain. Around 30 representatives of around 15 villages participated. Most of the representatives emphasised on provision of employment, protection of the environment and more CSR activities in the area. They also demanded a super speciality hospital, technical university and more compensation to the project-affected people. The representatives suggested certain measures to curb pollution.

Regional officer of State Pollution Control Board Mr Anup Mallik said the public hearing was held peacefully and there was no opposition from the locals. Those who spoke at the meet were in favour of the steel project.

voda 29 september 2022 07:56

0

Zeleros & ArcelorMittal Test Performance of Steel for Hyperloops

Strategic Research Institute
Published on :
29 Sep, 2022, 6:44 am

European company developing the scalable hyperloop, an ultra high-speed mobility solution for transport of passengers and goods, Zeleros and ArcelorMittal has carried out trials to analyze the behavior of steel grades for optimal use in hyperloops. A testing facility in the form of a spinning wheel that can reach linear speeds of up to 500 kilometers per hour has been designed and built at ArcelorMittal’s Rail Excellence Centre in Spain, to test how certain steels perform in ultra-high-speed conditions, prior to testing on a scaled hyperloop track. The results provide data to further advance the selection of the best steels for hyperloop use, considering safety, energy efficiency, cost and scalability as the main decision criteria.

Zeleros and ArcelorMittal have been working together since 2017. Since then, experts from both companies, including all ArcelorMittal’s R&D centres, have jointly developed studies to analyze the way in which materials behave in high-speed conditions, measuring the effects of key characteristics for hyperloop technology, such as the electromagnetic properties of steels as hyperloop designs propose the use of magnetic levitation.

As part of the collaborative work between the two companies, ArcelorMittal’s rails business in Europe, ArcelorMittal Europe Long Products, Rails and Special Sections, has developed new products with improved guiding and braking performance, as part of the wider co-engineering project between Zeleros and ArcelorMittal.

Besides hyperloop, ArcelorMittal has participated in studies of materials for other applications developed by Zeleros, such as the SELF (Sustainable Electric Freight-forwarder), conceived to move standard intermodal containers in a faster, automated and sustainable way within ports, for which the test track is currently under construction in the port of Sagunto in Spain. Likewise, the objective of Zeleros is to advance in the construction of mobility solutions that are sustainable and efficient like hyperloop and SELF, accompanied by partners with extensive industrial knowledge, as confirmed by the material studies carried out with ArcelorMittal.

Zeleros is a European deep-tech company devoted to the design, development, manufacture and supply of hyperloop vehicles for intercity transportation for passengers and goods, traveling at a ground level and unprecedented speeds with zero direct emissions.

Bijlage:

voda 29 september 2022 07:57

0

6 Banks Pledge Sustainability Overhaul for Steel Portfolio

Strategic Research Institute
Published on :
29 Sep, 2022, 6:46 am

Six international banks Citi, Crédit Agricole CIB, ING, Sociéte Générale, Standard Chartered and UniCredit have pledged to start recording and reporting emissions data from next year, signing up to a set of sustainable steel principles developed in partnership with non-profit research organisation RMI. The principles apply to revolving credit facilities, export finance transactions and working capital facilities, but their application to letters of credit bank guarantees and factoring programmes is voluntary. RMI said“Signatories to the principles represent a combined bank loan portfolio of approximately USD 23 billion in lending commitments to the steel sector, for a market share of over 11% of total private sector steel lending.”

The agreement is based on the Poseidon Principles, a 2019 agreement between banks and shipping companies to integrate vessel emissions data into financing arrangements. Signatories are now providing more than USD 1 billion per year in sustainability-linked loans under that agreement

Although only initially applicable to banks, the principles will explore the inclusion of export credit agencies, and consider expanding to include capital markets activity.

ING and Standard Chartered led the working group that developed the principles, with the other four banks joining as participants. Allen and Overy provided legal counsel, and metals intelligence company CRU provided data and analysis.

voda 29 september 2022 08:00

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AM/NS India to Expand Hazira Steel Capacity to 15 Million Tonnes

Strategic Research Institute
Published on :
29 Sep, 2022, 6:49 am

Nippon Steel announced that its JV with ArcelorMittal has decided to invest in capacity expansion of upstream and hot-rolling facilities at the Hazira steel mill in India. AM/NS India will expand its production capacity by investing in new construction and capacity expansion of upstream and hot-rolling facilities through utilization of the unused land in the existing Hazira steel mill, with the aim of meeting the growing demand in the India’s market and securing its market presence. In addition, this construction and expansion of the facilities will also serve to enable future transfer of carbon-neutral technology, which is under development by the parent companies Nippon Steel and ArcelorMittal.

Outline of the new facility

Ironmaking process

Coke ovens - 3 units - 2.1 million tonnes per year

Pellet plant - 1 unit - 3.0 million tonnes per year

Sintering lines - 2 units -6.0 million tonnes per year

Blast furnaces -2 units -7.0 million tonnes per year

Steelmaking process

Oxygen converters - 3 units - 6.0 million tonnes per year

Continuous casters - 2 units

Hot process

Hot strip mill - 1 unit - 5.5 million tonnes per year

Increase in capacity: Approximately 6 million tonnes per year in crude steel production capacity. Crude steel production capacity of Hazira steel mill after the expansion will be approximately 15 million tonnes per year

Start of operation

Phase I: Second half of 2025 (No 2 blast furnace and related facilities, new steelmaking and new hot-rolling facilities)

Phase II: First half of 2026 (No 3 blast furnace and related facilities)

Investment amount: Approximately INR 410 billion (JPY 730 billion)

Bijlage:

voda 29 september 2022 08:01

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SAIL Chairperson Ms Mondal Highlights Record Performance in FY22

Strategic Research Institute
Published on :
29 Sep, 2022, 6:50 am

Steel Authority of India Limited’s Chairperson Mrs Soma Mondal in an address to the shareholders in 50th Annual General Meeting highlighted the achievements of the Company during 2021-22 while underlining the future plan of the Company. She said “SAIL has posted its best ever production performance by producing 18.733 million tonne of hot metal and 17.366 million tonne of crude Steel during FY’22. The Company entered for the first time into the elite club of Indian Companies having a turnover above INR 1 lakh crore. The turnover of INR 1.03 lakh crore during FY’22 saw an astronomical growth of more than 50% over the previous best of INR 68452 crore achieved during FY’21. The increase in turnover coupled with improved operational performance helped the Company achieve its highest ever numbers in terms of profitability.”

Describing 2022 as a milestone year for the country as India completed 75 glorious years of independence, she said “It is an extraordinary milestone in the journey of modern India which assumes further significance in the light of India’s preparedness to gravitate forward into India 2.0.SAIL is prepared to contribute to this growth story of India by capitalizing on the intrinsic strength and resources at disposal.”

The address also covered SAIL’s role as a conscientious ethical corporate and the focus is on meeting the ESG goals. In times to come, SAIL would be making many more interventions with respect to carbon emission to meet the global standards. With due emphasis on sustainability, the Company is continuously improving upon its processes, product basket, policies while building an ambitious roadmap for the future.

voda 29 september 2022 10:22

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Beursblik: Aperam houdt vertrouwen
Outlook tot 2025 en derde kwartaal intact.

(ABM FN-Dow Jones) Aperam houdt vertrouwen, ook al liggen er enkele uitdagende kwartalen in het verschiet. Dit bleek uit een analyse door ING van een beleggersdag van de onderneming woensdag in Düsseldorf.

Het management van Aperam rekent op de nodige uitdagingen op korte termijn, "als gevolg van de stijgende energieprijzen en een recordimport door Europa". Europese fabrikanten van roestvast staal hebben hun capaciteit verkleind in een poging de overcapaciteit een halt toe te roepen. "Dit heeft wel gevolgen voor de volumes in de tweede jaarhelft", waarschuwde ING.

Aperam denkt ook nog altijd zicht te houden op groei in kernsegmenten als Alloys, Services en het betrekkelijk nieuwe Recycling.

Aperam handhaafde woensdag de outlook voor 2025 van een aangepaste EBITDA van meer dan 300 miljoen euro boven het niveau van 2016 tot 2018. Daar leidde ING uit af dat de onderneming uitgaat van een normalisering van de markt en dat de aangepaste EBITDA daarmee kan uitkomen op meer dan 800 miljoen euro. Dit kan nog hoger uitvallen als het verbruik van energie wordt gestroomlijnd.

Voor het derde kwartaal zei Aperam rekening te houden met een aangepaste EBITDA van 200 tot 250 miljoen euro tegen 403 miljoen euro in het tweede kwartaal. Deze concrete verwachting komt volgens de bank overeen met hetgeen de onderneming in een eerder stadium liet weten.

ING handhaaft het koopadvies voor het aandeel Aperam met een koersdoel van 58,00 euro.

De koers van het aandeel Aperam noteerde donderdag op een rode beurs 3,4 procent lager op 23,64 euro.

Door: ABM Financial News.

info@abmfn.nl

Redactie: +31(0)20 26 28 999

voda 30 september 2022 06:53

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Orrcon Steel to Roboticise & Digitise Operations

Strategic Research Institute
Published on :
30 Sep, 2022, 6:14 am

Australian Manufacturing reported that steel processor and distribution company Orrcon Steel has launched a plan to harness AI and robotics, announcing major data and digital twins’ projects in partnership with Queensland industry centre Advanced Robotics for Manufacturing Hub. Orrcon Steel, which employs 750 employees at sites in Brisbane and Salisbury and O’Sullivan Beach in Adelaide, recently renewed their platinum membership with the non-profit advanced manufacturing group Advanced Robotics for Manufacturing Hub.

The key focus areas of the ARM Hub partnership was Orrcon’s slitter equipment which takes 26-tonne steel coils and slits the steel into the required width, and then shapes that into a tube. ARM Hub experts used AI to identify the most effective means of maximising the performance of the slitter, in terms of yield optimisation, run speed, labour productivity, waste minimisation and workforce safety.

In another innovative project, a QUT data science expert is analysing 10-years’ worth of dispatch and production data to identify ways of optimising the production schedule of Orrcon’s three tube mills running at their Salisbury site.

voda 30 september 2022 06:53

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Beltrame’s Ferriera di San Giovanni Turns 150 Years Old

Strategic Research Institute
Published on :
30 Sep, 2022, 6:18 am

Italian steel maker Beltrame announced that Ferriera di San Giovanni is celebrating 150th anniversary of the ancient Ironworks Beltrame factory and an event was held inside the production site to remember a piece of the city's history. The top management and the management of the company, the municipal administration, with the mayor Vadi and the commissioner Ermini, military authorities, employees of yesterday and today were present.

La Ferriera was born in 1872, as a plant for the extraction and use of lignite that was extracted in nearby Santa Barbara. It was specialized in iron working by the Society for the Iron Industry of Florence. After various vicissitudes, the site was then taken over by the anonymous society of Italian ironworks, established in Rome in August 1880. In 1918 the San Giovanni plant became part of the Ilva complex. In the mid-1950s it was acquired by the Finsider financial group, incorporated into the IRI. In the 1960s, Italsider was born from a merger between the Conegliano Steel Company and Ilva, of which the old Sangiovannese Ironworks became part.

After the crisis in the steel industry, in 1981 the company passed to the Piombino steelworks and subsequently to Deltavaldarno. In 1990 it joined the Ferdofin group, regaining its original name, the Ferriera del Valdarno. Today it is part of the Veneto-based Beltrame group, which has been operating in the steel industry for more than a century, producing laminates for building construction, shipbuilding and earth-moving machinery.

The current structure of the Ironworks sees the rolling mill section managed by AFV Beltrame Group with 70 employees and the Duferco mechanical section (with Acofer and ARV) with 175 employees.Overall, the Ironworks occupies an area of 150,000 square meters covered and as many uncovered.

voda 30 september 2022 06:54

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US Imposes AD Duty & CVD on OCTG from Russia

Strategic Research Institute
Published on :
30 Sep, 2022, 6:21 am

The United States Department of Commerce has concluded its anti-dumping investigation into oil country tubular goods imported to the US from Russia and has found that the pipe products have been supplied to the US at below market prices. Based on the results of the investigation covering 1 October 2020 to 30 September 2021, US DOC concluded following dumping margin

OMK Vyksa Steel Works - 12.84%

TMK - 184.21%

Others - 12.84%

The US Department of Commerce also determined that countervailable subsidies are being provided to producers and exporters of oil country tubular goods from Russia. The period of investigation is 1 January 2020 to 31 December 2020.

TMK - 1.30%

OMK Vyksa Steel Works – 1.59%

All Others – 1.43%

voda 30 september 2022 06:54

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Sandvik to Record Non Recurring Charges for Alleima & Russia

Strategic Research Institute
Published on :
30 Sep, 2022, 6:24 am

Stockholm headquartered steel maker Sandvik will record non-recurring charges related to the distribution of Alleima, former business area Sandvik Materials Technology, and the wind down process in Russia. These charges will be reported as items affecting comparability in the third quarter. The distribution of Alleima will impact the result of discontinued operations whilst the charges related to the wind-down process in Russia will impact the continuing operations’ reported operating results EBITA.

On 31 August, Sandvik distributed the shares in the wholly owned subsidiary Alleima to the shareholders of Sandvik. As a consequence, Sandvik recognizes a capital loss of approximately SEK 4.7 billion, arising from the difference of the net assets of SMT and the fair value of the distribution. The capital loss will be reported as items affecting comparability, on discontinued operations, in the third quarter.

Sandvik is winding down operations in Russia. As this process is progressing according to plan, Sandvik will now record an additional non-recurring charge of approximately SEK 0.6 billion, calculated at August closing exchange rates. This charge will be treated as items affecting comparability and consists of a write-down of approximately SEK 0.4 billion and approximately SEK 0.2 billion provision for wind-down related costs. Following this non-recurring charge there are no significant remaining asset values or material wind-down costs remaining related to Russia.

voda 30 september 2022 06:55

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BaoSteel Creates Continuous Casting Digital Twin Pilot

Strategic Research Institute
Published on :
30 Sep, 2022, 6:27 am

Baosteel has commissioned Baoshan Base No 2 Continuous Caster Digital Twin Factory, jointly built by Baosteel and Baosteel Engineering, on 15 September 2022, taking a solid step towards the strategic goal of serialization, standardization and digitization of production line equipment, and has realized the leap from digital delivery to digital operation in the process manufacturing industry.

The continuous casting production line is the key link of the steel process chain, and it is the throat for steel to change from liquid to solid. The complex process of direct and continuous casting of high-temperature molten steel into billetse needs to be monitored. The No 2 slab continuous casting machine of Baoshan Base with a 10,000 tonne capacity, as a pilot project to develop digital twins

A digital twin is a virtual representation of a real-world physical system or process that serves as the indistinguishable digital counterpart of it for practical purposes, such as system simulation, integration, testing, monitoring, and maintenance.

voda 30 september 2022 06:55

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Steel & Tube Expects Elevated Steel Prices in New Zealand

Strategic Research Institute
Published on :
30 Sep, 2022, 6:29 am

New Zealand’s Steel & Tube ahead of its Annual Shareholders’ Meeting said “2023 Financial Year trading through July and August has been steady across most sectors with earnings supported by operational and trading disciplines. Whilst local and global economic volatility is expected to continue, Steel & Tube is well positioned to deliver through the economic cycle. Steel pricing is expected to remain elevated in the near term. Customer activity is anticipated to be steady although in some sectors will moderate off the recent extraordinary high demand levels, as is already being seen.”

Last year was impacted by the Nationwide Alert Level 4 Lockdown on 17 August. In FY23, for the 34 days to 17 August 2022, revenue was up 15% while volumes remained at the same level as last year.

voda 30 september 2022 06:56

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AIC Upgrades Stahl Gerlafingen Ladle Furnace in Switzerland

Strategic Research Institute
Published on :
30 Sep, 2022, 6:31 am

Italian steel technology supplier AIC has supplied the DigitARC PX3 ERS to upgrade their Electrode Regulation System for secondary steelmaking process Ladle Furnace of Beltrame’s Switzerland based Stahl Gerlafingen in May 2022, with all onsite commissioning work finished in middle 2022. Startup was carried out within the shortest possible time to minimize production downtime.

Their 80 tonne 11 MVA Ladle Furnace was updated with the objective to reduce electrode consumption, increase the heating rate and decrease ladle refractory wear.

Technically, a transition from Z to l-Z regulation control took place as part of the improvements done in the regulation system looking for better arc stability and reducing electrode consumption by improving control accuracy.

The interface includes a set of powerful diagnostic tools and configurable screens to control almost every aspect of the furnace, this allows customers to standardize the operation process.

Stahl Gerlafingen, as a part of the Beltrame Group specializes in the supply of high-quality products for construction, automotive, energy and heavy industry.

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 30 september 2022 06:56

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Hoa Phat Homes Appliances Factory in Ha Nam Starts Production

Strategic Research Institute
Published on :
30 Sep, 2022, 6:33 am

Vietnamese steel giant Hoa Phat’s Homes Appliance Factory opened on 26 September 2022 in Hoa Mac Industrial Park in the northern province of Ha Nam, at an investment of more than VND 1 trillion on an area of nearly 15 hectares. It specializing in manufacturing household products including: air coolers, water purifiers and air purifiers. The factory has an estimated capacity of about 1 million products a year.

In 2022, the Hoa Phat Homes Appliance Factory in Ha Nam will launch the first products bearing the imprint of Hoa Phat Group, specifically: air coolers, water purifiers and induction cooker, infrared cooker in the coming time.

Hoa Phat has made a large and methodical investment in the home appliance industry on the basis of 20 years of experience in developing the refrigeration industry. Appliances have become one of the five important areas of Hoa Phat Group’s activities.

Vertraagd	6 mei 2024 17:35
Koers	24,350
Verschil	+0,050 (+0,21%)
Hoog	24,730
Laag	24,350
Volume	2.104.470
Volume gemiddeld	2.538.924
Volume gisteren	1.804.974

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