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voda 12 januari 2023 08:48

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JISF Regrets US Move to Continue AD Duty on CTL Plates from Japan

Strategic Research Institute
Published on :
12 Jan, 2023, 5:57 am

The Japan Iron & Steel Federation Chairman & JFE SMr Yoshihisa Kitano said “We believe that it is unjust and extremely regrettable that ITC has rejected our statements and concluded to continue the anti-dumping measures on Carbon and Alloy Steel Cut-to-Length Plate imported from Japan. The Japanese steel industry will carefully study this decision and determine a proper course of action.”

US International Trade Commission has determined on 10 January 2023 to continue the anti-dumping measures on Carbon and Alloy Steel Cut-to-Length Plate imported from Japan as a result of the sunset review.

During the sunset review proceedings, the Japanese steel industry has claimed that the revocation of the anti-dumping measures on Carbon and Alloy Steel Cut-to-Length Plate imported from Japan is not likely to lead to continuation or recurrence of material injury to the US steel industry.

voda 12 januari 2023 08:48

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Hystar Gets Funding from Mitsubishi & Nippon Steel Trading

Strategic Research Institute
Published on :
12 Jan, 2023, 5:57 am

Oslo headquartered Norwegian hydrogen electrolyzes’ producer Hystar has carried out a Series B funding round to rapidly scale-up green hydrogen production to full commercial operations with an automated GW-capacity production line by 2025. The injection of USD 26 million capitals raised through equity will also be used to expansion into new markets, and ability to deliver on 100MW and beyond projects.

The round was co-led by AP Ventures and Mitsubishi Corporation. Additional investors in the round included Finindus, Nippon Steel Trading, Hillhouse Investment and Trustbridge Partners alongside existing investors SINTEF Ventures and Firda.

Founded in 2021, Hystar has found a way to produce 100% green hydrogen. Hystar’s PEM electrolysis has been designed for mass manufacturing from the very beginning. The ultra-efficient design, which is patented and unique to Hystar, boasts a 90% thinner membrane than conventional electrolysis, enabling the production of up to 150% more green hydrogen.

As a spin-off from SINTEF, one of Europe’s leading research organizations, Hystar has 15 years history of research into PEM technology. With more than 5,000 hours of in-house testing, Hystar’s technology has been proven to use significantly less energy than conventional PEM electrolysis, enabling a substantial increase in hydrogen production output. The technology promises to make a disruptive change to hard-to-abate sectors at scale, such as steel, ammonia, and heavy-duty transportation. The global steel industry alone, for example, will require 52 million tonnes of green hydrogen annually to decarbonize by 2050.

voda 12 januari 2023 08:49

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Ukraine’s Steel Sector Shrinks by 70% in 2022 due to War

Strategic Research Institute
Published on :
12 Jan, 2023, 5:57 am

Ukrainian association of metallurgical companies Ukrmetallurgpro has announced that Ukraine’s hot metal production fell by 70% YoY to 6.39 million tonnes, crude steel production fell by 71% YoY in 2022 to 6.26 million tonnes and rolled steel output fell by 72% YoY to 5.35 million tonnes because of Russia’s invasion and the destruction of leading steel plants. Ukraine used to be a major steel producer and exporter in the world. In 2021, steel output rose by 3.3% to 21.3 million tonnes.

Ukraine's metallurgical enterprises faced a series of challenges last year due to the Russia-Ukraine conflict, including the destruction of production facilities, the disruption of the supply of raw materials and the shipment of goods to consumers, and the outflow of workforce.

Before the conflict, metallurgy was one of the key sectors in the Ukrainian economy, generating 12-15% of the country's gross domestic product.

voda 12 januari 2023 10:28

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Beursblik: Barclays verhoogt koersdoel ArcelorMittal

Naar 35,00 euro.

(ABM FN-Dow Jones) Barclays heeft het koersdoel voor ArcelorMittal verhoogd van 32,00 naar 35,00 euro met handhaving van het Overwogen advies. Dit bleek donderdag uit een analistenrapport van de Britse bank.

Barclays verlaagde wel de raming voor de winst per aandeel voor 2022 van 10,79 naar 10,36 dollar. Voor 2023 gaat de bank nu uit van een winst per aandeel van 3,32 dollar tegen eerder 3,24 dollar en voor 2024 van 5,24 tegen eerder 4,51 dollar per aandeel.

Ook de ramingen voor het operationeel resultaat (EBITDA) voor 2022, dit jaar en het jaar erop werden bijgesteld. Voor vorig jaar gaat Barclays nu uit van 14,1 miljard dollar tegen eerder 14,5 miljard dollar, voor 2023 van 6,9 tegen eerder 6,8 miljard dollar en voor 2024 van 8,2 tegen eerder 7,8 miljard dollar.

Het nieuwe koersdoel berekende Barclays via de verhouding tussen ondernemingswaarde en EBITDA en de verwachte toekomstige kasstroom.

Het koopadvies baseert Barclays op de aanname dat ArcelorMittal de beste operationele leverage biedt van de vergelijkbare bedrijven die de bank in de sector volgt. Daarbij verwacht Barclays een significante kapitaalteruggave aan de aandeelhouders in de vorm van de inkoop van eigen aandelen.

Door: ABM Financial News.

info@abmfn.nl

Redactie: +31(0)20 26 28 999

voda 12 januari 2023 11:29

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HRC price increase makes GCC buyers more conservative
850 Views

Gulf Cooperation Council hot rolled coil prices have increased $15-25/tonne versus last week, driven by a Chinese domestic market rebound and concluded export deals of mainly Q195 grade destined for Turkey, Kallanish notes.

"HRC buyers in GCC are hesitant and afraid of a price collapse. Their hands were burned in the third quarter in 2022 due to a sudden and drastic price decrease,” comments a trader. "Buyers are more conservative this time when it comes to concluding deals."

Major Indian mills are heard stopping offering to gauge the price hike’s sustainability and wait until the European HRC market settles. This week, some are targeting fob prices $5-25/t higher than their cfr GCC quotes last week. Last week, A tubemaker concluded a deal with an Indian mill for 11,000 tonnes of SPHT-2 and 3 grades, effective at $645/t cfr GCC port, for February shipment.

GCC re-rollers floated HRC enquiries for a combined tonnage of 45,000-50,000t. The largest of them released its enquiry last Friday for 25,000t of re-rolling SAE 1006 and SAE 1008 grades for March shipment, targeting $640/t cfr. However, a deal is expected to be concluded on Wednesday at around $650-660/t cfr UAE.

This week, delivered to GCC ports, 2mm SAE 1006 (re-rolling grade) and tube-making grade offers from an Indian mill are at $670/t for late-February shipment, after an increase of $15-25/t on-week. Ex-China product is at $663/t and ex-Taiwan at $670/t for March shipment.

A South Korean mill is heard raising its target price for SAE 1006 grade to $670/t fob Korea for March shipment, equating to $710/t cfr GCC ports. The GCC’s sole HRC producer’s offers are heard at $710-715/t delivered within the bloc. This Saudi mill offers 90 days payment advantage against LC, inducing interest among buyers.

A Japanese major mill's SAE 1006 grade HRC offer at the end of December was at $670/t cfr GCC for March shipment. Its new price is expected to surface this week on Thursday or Friday.

"I don't think the HRC price hike will sustain because we already [this week] started to see fluctuations in the domestic market in China,” comments a sector analyst in China. “Another factor that could push up Chinese HRC prices in the next fortnight could be the Chinese yuan appreciation against the dollar, but it’s hard to predict as it has been hiking for a while."

In the Saudi market, a major Chinese supplier's initial price offer for 1.2mm thick SPHT-1 grade increased to $683/t cfr Dammam for March shipment.

Last Thursday, Egypt's major producer offered 2mm thickness base grade HRC at $710/t fob, for late-February/early-March shipment.

On 14 January, South Korea’s President will visit the UAE, accompanied by Samsung, Hyundai and major South Korean companies' highest-ranking officials, to discuss bilateral relations and ways to develop trade and manufacturing capabilities in UAE. Due to the damage it sustained to its downstream line, South Korean steel giant Posco significantly increased its GCC HRC market share in the fourth quarter with attractive prices.

Burak Odabasi Turkey

voda 13 januari 2023 07:15

0

Skoltech Researchers Join Bronze & Steel by 3D Printing

Strategic Research Institute
Published on :
13 Jan, 2023, 4:24 am

Russian Skoltech researchers have used a 3D printer to fabricate samples of bronze-steel alloys previously unknown to materials science and investigated their mechanical characteristics. Blending the distinct properties of bronze and steel, the novel alloys could be used to manufacture combustion chambers for aircraft and rocket engines that would simultaneously benefit from steel’s ability to withstand extreme temperatures and bronze’s capacity to conduct heat away from the chamber and thus prevent the engine from overheating. The study came out in Materials & Design.

Skoltech Materials Associate Professor Mr Igor Shishkovsky said “3D printing is promising for manufacturing composite parts, endowed with the properties of the two distinct materials that make up the composite. Consider, for example, that steel is resistant to the high temperatures created by fuel combustion in an operating engine. This is great, but compared with bronze, steel is a modest thermal conductor, so the engine coolant cannot siphon heat away from it as effectively to prevent overheating and damage. Well, with 3D printing, you can actually get the best of both worlds by manufacturing a combustion chamber that seamlessly goes from being bronze on the inside for better temperature management to being steel on the outside for holding the structure together.”

Mr Shishkovsky was the principal investigator on the study that reported the first-ever synthesis of a bronze-steel alloy using a 3D printing technique called direct laser deposition, which melts and fuses powdered ingredients by a laser beam at every successive point in the metal part just as it’s being created. In fact, the Skoltech team combined bronze and steel in two different ways, obtaining both so-called quasi-homogeneous alloys and sandwich structures. In the former, the two materials are more or less evenly intermixed throughout the sample, while the latter consist of a series of alternating 0.25-millimeter-thick layers of bronze and steel. The researchers used one type of steel but varied its content in the alloy from 25% to 50% and experimented with three different common varieties of bronze.

The study confirmed that the two materials fused well, without defects forming, and investigated the bronze-steel alloy’s structural and mechanical properties. To do this, the team grew vertical bars from the bottom up and examined their shape, chemical composition, and microstructure. “

Bijlage:

voda 13 januari 2023 07:16

0

OMK Appoints New Managing Director of OMK Trubodetal Plant

Strategic Research Institute
Published on :
13 Jan, 2023, 4:25 am

Russia’s leading pipe maker United Metallurgical Company OMK has announced the appointment of a new managing director of the OMK Trubodetal plant in Chelyabinsk. Since January 11, the company has been headed by Mr Kirill Kornilov, who has been working at the OMK’s Chelyabinsk plant for more than 12 years.

Mr Alexander Vashchenko, who since May 2021 has combined the management of two OMK plants in Chelyabinsk and Belgorod will continue to manage the company's Belgorod enterprise OMK Energomash.

Mr Kirill Kornilov was born on 3 December 1981. He graduated from the Chelyabinsk Agroengineering University (2005), where he qualified as a mechanical engineer, the Chelyabinsk Institute of Economics and Law named after M.V. Ladoshin (2016), receiving a master's degree in economics, and the University of Science and Technology MISIS (2018) under the MBA program "Management of Industrial Enterprise".

He has been working at the OMK Chelyabinsk plant since 2010, starting as an adjuster of metal coating and painting equipment. Over the years, he held the positions of senior foreman of the site, head of the workshop, deputy director for production, the last year and a half he was the director of production.

voda 13 januari 2023 07:17

0

CMS Cepcor Group to Acquire Columbia Steel Casting in Portland

Strategic Research Institute
Published on :
13 Jan, 2023, 4:25 am

CMS Cepcor Group has reached an agreement with Columbia Steel Casting to purchase key commercial and technical assets. The agreement will see the CMS Cepcor Group incorporate a new company Columbia Steel Cast Products, which will trade independently as Columbia Steel and retain the key Columbia Steel engineering, sales, and commercial team. The CMS Cepcor Group is expands its global footprint, as well as grow the respected reputation Columbia Steel has held in the aggregate and mining marketplace for decades.

Founded in 1901 in Portland in Oregon, Columbia Steel Casting Co manufactures a wide variety of steel and iron parts for basic industry. These are replacement parts for high-wear applications, such as those that take abuse from abrasion, impact, or heat in rock crushers, grinding mills, mine shovels and draglines, electric power plants, cement plants, and metal and waste recycling shredders. Columbia Steel has over 450,000 square feet of buildings on 87 acre site. It warehouses 115,000 square feet of ready-to-use and customizable patterns for castings. Currently we employ about 260 people.

CMS Cepcor is a global aftermarket leader in the design, manufacture, and supply of premium replacement parts to suit the leading crushing brands and models including all popular gyratory, cone, and jaw crushers. We have been the genuine alternative since 1960 and remain headquartered in the United Kingdom, distributing our products to over 140 countries and have facilities in three continents.

voda 13 januari 2023 07:24

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Portugal’s Service Center Metais Jaime Dias Joins EUROMETAL

Strategic Research Institute
Published on :
13 Jan, 2023, 4:26 am

Largest network of Steel Traders, Flat Service Centers and Steel Stockholders in Europe EUROMETAL announced that Metais Jaime Dias has joined as associate member of EUROMETAL. Located in Guidões-Trofa in Portugal, on a 180,000 square meters site, Metais Jaime Dias, founded in 1998, has since developed as a company dedicated to the global management of industrial waste.

Twelve years ago, Metais Jaime Dias expanded its scope, integrating the sale of second choice materials and becoming a specialized service center. Metais Jaime Dias, commercializes steel products, namely plates, tubes and beams. In addition to the vast range of flat and other steel products, Metais Jaime Dias is also a service center which possesses the right equipment to provide its customers with the following services:

Cut to length

Slitting

Plasma cutting

Laser cutting

Bending

voda 13 januari 2023 07:24

0

Steel Tube Institute Appoints Mr Jackson as Technical Consultant

Strategic Research Institute
Published on :
13 Jan, 2023, 4:26 am

US’s Steel Tube Institute, an organization that brings together key producers in the US steel industry to advance the use of steel tubing, has announced Mr Ryan Jackson as STI's new Technical Consultant. In his role as Technical Consultant, Mr Jackson will educate, train and support Steel Tube Institute's members to further their professional knowledge in design and technical solutions. In one of his primary initiatives, Mr Jackson will assist in updating the National Electrical Code, prior to its 2026 release.

Mr Jackson is a NEC instructor and textbook author based in Salt Lake City in Utah. He is a principal member of Code-Making Panel 17 for the NEC, and he will be representing STI on the 2026 NEC Code-Making Panel 3. Jackson also serves on several Standards Technical Panels for UL solutions, a products safety testing and research company. Mr Jackson is a highly-sought-after national seminar instructor, having presented seminars for organizations like Facebook, Utah Valley State College, International Code Council, International Association of Electrical Inspectors, and numerous engineering firms, facilities and contractors throughout the United States. Mr Jackson authored A Complete Guide to the 2020 NEC Changes and A Comprehensive Guide to the 2020 NEC and co-authored several of Mike Holt's textbooks from 2008-2017.

Mr Jackson holds numerous certifications including Building Plans Examiner, Commercial Building Inspector, Electrical Inspector and more.

The Steel Tube Institute was formed in 1930 when a group of manufacturers joined forces to promote and market steel tubing. Their goal was to mount a cooperative effort to improve manufacturing techniques and inform customers about their products' utility, versatility, and competitive advantages. This, along with providing a forum for the discussion of issues impacting the industry, remains the focus of Steel Tube Institute's efforts.

voda 13 januari 2023 07:25

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Mr Heiko Maas Appointed as New President for Saarhütten-Verband

Strategic Research Institute
Published on :
13 Jan, 2023, 4:27 am

Saarhütten Association, which represents the interests of 20 steel companies from the region in Germany, has elected the former SPD politician and Federal Foreign Minister Mr Heiko Maas as the new president in Dillingen. Mr Maas, 56, who will take over the function on an honorary basis, succeeds Mr Albert Hettrich 70, who is largely retiring into private life after 11 years in this office.

In addition, Mr Maas had also taken over from Mr Hettrich as a member of the Board of Trustees of the Montan-Stiftung Saar, to which the Saarland steel industry essentially belongs.

With the transformation towards the production of green steel, the Saarland steel industry is facing an unprecedented process of change.

voda 13 januari 2023 07:26

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Danieli Q-One Technology to Optimize EAF Process at Shinkansai

Strategic Research Institute
Published on :
13 Jan, 2023, 4:28 am

Japan’s leading flat steel producer Shinkansai Steel Co will implement the patented Danieli Q-One technology on the 74-tonne tapping capacity electric arc furnace in operation at its Sakai plant. Designed by Danieli Automation, Q-One uses the latest digital power electronics technology to maintain the EAF power-factor values close to unity.

This power-feeding system will have a five-unit configuration with a total maximum power of 54.6 MVA. By controlling electrical current, voltage and frequency during melting to maintain optimal levels according to changes within the electric furnace, the consumption of electricity and electrodes will be reduced, leading to energy and operating cost savings in the steelmaking process.

Thanks to the Q-One design concept, which offers unmatched power control and power management, Shinkasai’s EAF will not require any SVC system.

The project is expected to be completed by the fall of 2024.

voda 13 januari 2023 07:27

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CADE Approves ArcelorMittal’s acquisition of CSP

Strategic Research Institute
Published on :
13 Jan, 2023, 4:28 am

The Brazilian antitrust authority CADE has approved, without restrictions, the acquisition of Companhia Siderurgica do Pecem by ArcelorMittal, for USD 2.2 billion. According to Cade, elements relative to imports and competition in the slab market can mitigate the possibility of market power abuse in the future.

ArcelorMittal had signed an agreement with the shareholders of Companhia Siderúrgica do Pecém to acquire CSP for an enterprise value of approximately USD 2.2 billion.

CSP and Ternium are the main players in the Brazilian slab domestic market, with market share ranges respectively of 30-40% and 50-60%, while ArcelorMittal, CSN, Gerdau and Usiminas have less that 10% each of market share.

Located in Ceará in Brazil and founded in 2008, CSP is a joint venture between Vale 50%, Dongkuk 30% and Posco 20%. CSP was originally a JV of Vale with 50%, Dongkuk 30% and POSCO 20%. It operates a 3 million tonne capacity blast furnace and has access via conveyors to the Port of Pecém, a large scale deep water port located 10 kilometers from the plant. CSP operates within Brazil’s first Export Processing Zone and benefits from various tax incentives including a low corporate income tax rate.

voda 13 januari 2023 07:29

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Shyam Metalics Gets CTO to Operate Expanded Pellet Capacity

Strategic Research Institute
Published on :
13 Jan, 2023, 4:29 am

Kolkata headquartered Shyam Metalics & Energy Limited has started the 2023 on a positive note receiving Consent to Operate from the Odisha State Government. The CTO will boost the existing iron ore pellet capacity at Sambalpur plant by 1.2 million tonne, bringing the total capacity at Sambalpur to 3 million tonne per annum and overall pellet capacity for the company at 4.8 million tonne per annum.

This expansion at Sambalpur was slated to be completed by September 2023, but has come through 8 months ahead of schedule. This has resulted 40% additional capacity in the plant for producing Pellets.

In its growth plans, the company had envisaged a CAPEX of INR Crores to increase the capacity of iron pellet production from 3.6 million tonne to 6 million tonne.

voda 13 januari 2023 07:29

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US Steel Extends Warranty for GALVALUME Coated Steel to 40-60 Year

Strategic Research Institute
Published on :
13 Jan, 2023, 4:29 am

United States Steel Corporation has announced a doubling of the standard limited warranty policy for GALVALUME coated coils used in nonresidential and residential building construction. The new warranties provided to US Steel customers will range from 40-60 years, a significant upgrade from the existing 20-25 year warranties. The new warranties apply to coils shipped on or after 1 January 2023, with heavier coating weights receiving longer warranties. Pre-painted products receive an additional 10 years of coverage. GALVALUME is a registered trademark of BIEC International Inc.

US Steel said “US Steel's new warranty policy responds to the needs of consumers and our customers alike, further supporting the growth of corrosion-resistant sheet steels in building construction. These longer warranties can provide builders with confidence that GALVALUME® coated steel will have superior and lasting performance and withstand Mother Nature’s most extreme events like hurricanes, heavy snowfall, and wildfires.”

US Steel has been coating GALVALUME steel for more than 40 years and is the most experienced and longest tenured licensee of GALVALUME coated steel coils in North America. GALVALUME coated steel is a preferred alternative to zinc-aluminum coated steel because the latter is often unlicensed and imported into the U.S. construction market and may not meet the same performance standards or have the same complex coated microstructure as GALVALUME.

voda 13 januari 2023 07:30

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BSE Approves Listing of NMDC Steel Ltd

Strategic Research Institute
Published on :
13 Jan, 2023, 4:30 am

Indian Government’s Department of Investment and Public Asset Management has received in-principle approval from the BSE on 30 December 2022 for listing of NMDC Steel Ltd. DIPAM said “The listing process of NMDC Steel Ltd is ongoing. In principle approval from BSE for listing of 29.30 million equity shares of INR 10 each pursuant to Scheme of Arrangement between NMDC Ltd and NSL has been obtained on 30 December 2022.”

Currently, the Indian Government holds 60.79% stake in NMDC Steel Ltd, which is the steel manufacturing facility of India's largest iron ore producer NMDC located in Nagarnar in Chhattisgarh. NMDC Steel Ltd is up for privatization with the government looking to sell 50.79% of its shareholding, along with management control. The balance 10% stake of the government would be offered to NMDC after the strategic buyer for 50.79% stake is selected.

Time Line

October 2020 – CCEA approval for demerger & strategic disinvestment of the resulting entity by selling entire stake of the Government of India

6 October 2022 - Ministry of Corporate Affairs sanctions the Scheme of Arrangement between NMDC & NMDC Steel

13 October – NMDC Board approves for demerger

1 December 2022 – DIAPM invites bids

27 January 2023 – Bid submission

Subsequent to demerger, shares of NSL will be listed on BSE, National Stock Exchange of India Limited and Calcutta Stock Exchange.

DIPAM has engaged SBI Capital Markets as the Transaction Advisor, J Sagar & Associates as the Legal Advisors and Protocol Insurance Surveyors as the Asset Valuers for providing advisory services and managing the transaction.

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 13 januari 2023 07:30

0

EBRD Lends Support to Serbia’s Metalfer for Green Steel Production

Strategic Research Institute
Published on :
13 Jan, 2023, 4:31 am

The European Bank for Reconstruction and Development has provided a loan of EUR 21.4 million to Serbia’s leading manufacturer of concrete reinforcement steel Metalfer Stell Mill. The loan will finance the construction of a new rolling mill for processing scrap metal and semi-finished products, which will improve efficiency and reduce emissions, as well as a new rooftop solar photovoltaic mini-plant, producing up to 4 MW of renewable power to meet production needs.

Established in Serbia in 2005, Metalfer Steel Mill has become a major manufacturer of products such as steel billet, rebar and wire rod, using locally sourced scrap metal. The company operates a rolling mill and a foundry and supplies its products mainly to the local construction industry.

voda 13 januari 2023 07:31

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CD Waelzholz Buys XCarb Green Steel Wire Rods from ArcelorMittal

Strategic Research Institute
Published on :
13 Jan, 2023, 4:31 am

ArcelorMittal has started supplying low CO2 XCarb wire rods from Hamburg plant to CD Waelzholz. The first 20 tonnes were delivered at the cold rolling company's site in Hagen. Waelzholz manufactures from this Material including quenched and tempered profiles for industrial applications.

Headquartered in Hagen in Germany, CD Waelzholz is a leading global manufacturer of high-quality cold rolled steel strip and profiles. The family-owned company was founded in 1829 and today has 2,300 employees worldwide. It produces 780,000 tonnes of high-quality steel materials at nine locations worldwide

XCarb steels are manufactured on the basis of scrap and renewable electricity 100%. The low CO2 footprint of 504 kg per ton of steel is confirmed by an official Environmental Product Declaration.

In 2021, ArcelorMittal had already given the internationally active Company from Hagen XCarb Green Steel certificates for flat steel delivered. The CO2 reduction in these certificates amounts to 2.11 tonnes of CO2 per tonne of steel and comes from sustainability projects at various ArcelorMittal sites. The CO2 savings are mass-balanced on a central account and independently verified.

voda 13 januari 2023 07:32

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British Steel CEO Seeks UK Government Support for Green Steel

Strategic Research Institute
Published on :
13 Jan, 2023, 4:31 am

British Steel’s new billet caster, which is among GBP 330 million worth of investments Chineseowner Jingye has made in the UK business since acquiring it 3 years ago, is scheduled to be commissioned this Spring. The new caster will manufacture lengths of billets with enhanced internal and surface qualities, enabling British Steel to become more competitive and expand our offering to customers.

The GBP 54 million projects is the largest single investment Jingye has made since purchasing British Steel in 2020.

Other significant investments in this period include:

GBP 26 million Special Profiles Mast Service Centre, to be opened at Skinningrove site later this year. to enable British Steel to make and process an extended range of value-added profiles for the forklift industry

GBP 27 million investments in 3 new cranes at port facility at Immingham Bulk Terminal. The new machinery uses the latest technical advances in dig depth optimisation to ensure continuous peak performance

GBP 14.6 million investments to enhance energy operations including projects to improve the way British Steel recycle works arising gases and generate electricity

IT systems upgrade, scheduled to go live in March, to ensure that colleagues, customers and suppliers benefit from the latest information technology

British Steel’s investment strategy is aligned to decarbonization plans, which will see British Steel embrace new technology and ways of working to help our drive to reduce emissions and support clean growth.

However British Steel’s CEO Mr Xifeng Han said: “Steel is vital to modern economies and with demand expected to grow over the coming decades, British Steel has a vital role to play in ensuring the UK has its own supply of high-quality steel. To make sure we can deliver the steel Britain requires, we’re undergoing the biggest transformation in our 130-year history. Jingye is committed to our long-term future but we also require the UK Government to provide the necessary support, policies and frameworks to back our drive to become a clean, green and sustainable company. We’re continuing formal talks with the government about decarbonization, along with the global challenges we currently face. The government understands the significant impact the economic slowdown, rising inflation and exceptionally high energy and carbon prices are having on businesses like ours, particularly during such a key period in our transformation.”

voda 13 januari 2023 07:33

0

LIBERTY Steel Redundancies Blasted by Unite & UK Steel

Strategic Research Institute
Published on :
13 Jan, 2023, 4:32 am

UK’ steel workers unions Unite & UK Steel have blasted the announcement by Liberty Steel that 440 jobs could be affected by the next phase of its restructuring programme.

Unite national officer Mr Harish Patel said ““Unite will be demanding forensic scrutiny of all aspects of Liberty’s plans following the announcement of these potentially massive redundancies. We will utilise every element of the union’s power to challenge these plans and their consequences for the long-term future of the Tredegar, Newport and West Bromwich sites. The government has also a case to answer: Steel manufacturing is a sector of critical national importance, both for the nation’s self-sufficiency and the thousands of jobs it supports. Ministers must come up with a plan to solve the astronomical energy prices that are crippling the sector. The ball is in their court on this crisis – they cannot walk on by again. In announcing these redundancies, the company has failed to consult in any way with the trade unions at the company. Unite will be fighting tooth and nail for every one of these jobs and sites.”

UK Steel’s Director General Mr Gareth Stace said “Today’s restructuring announcement from Liberty Steel highlights the significant challenges UK steel companies face navigating the current harsh market conditions. There will naturally be concern regarding the 440 jobs potentially impacted, but this is unfortunately an ongoing risk that accompanies a persistently uncompetitive business environment here in the UK, further exacerbated by global supply chain difficulties. High energy prices have played an important role in the decisions announced today, with long-standing uncompetitive electricity prices having constrained UK investment and steel production for some time. This highlights again the need for government to fully address the UK’s structurally high industrial energy prices, looking beyond the important announcements made regarding the Energy Bills Discount Scheme earlier this week. It is crucial we also now see the development of a long-term decarbonization plan for the sector, ultimately ensuring that the UK can be seen as an attractive place to invest in steel production.”

The UK Steel sector produces 7.2 million tonne of crude steel a year, around 70% of the UK’s annual demand of 10.5 million tonne and employs 34,500 people directly in the UK and supports a further 43,000 in supply chains.

Vertraagd	7 jun 2024 17:35
Koers	23,400
Verschil	-0,150 (-0,64%)
Hoog	23,640
Laag	23,140
Volume	3.200.862
Volume gemiddeld	2.699.557
Volume gisteren	2.337.107

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