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voda 10 januari 2023 07:30

0

Mechel ADR Listing in New York Stock Exchange Cancelled

Strategic Research Institute
Published on :
10 Jan, 2023, 5:17 am

The listing of Russian steel and coal group Mechel's American Depositary Receipts on the New York Stock Exchange was cancelled on 3 January 2023. Mechel ADRs representing common shares were listed on the NYSE in 2004 and ADRs representing the company's preferred shares were placed in New York in 2010.

Trading in the company’s securities has been halted since 28 February 2022. NYSE trading of ADRs representing Mechel's common and preferred shares was suspended on 6 December 2022. The exchange ruled that the company's ADRs no longer comply with listing rules, since Deutsche Bank announced plans to terminate the depository agreements for them.

Mechel had the option to appeal the NYSE ruling but did not exercise it, the exchange said at the end of December.

Mechel is one of Russia's leaders by production volume of coking coal concentrate. The company controls over a quarter of Russia’s coking coal washing facilities. Mechel is one of Russia's largest producers of long rolls and hardware, as well as Russia’s largest and most diversified producer of specialty steels and alloys.

Chelyabinsk Metallurgical Plant

Beloretsk Metallurgical Plant

Izhstal

Urals Stampings Plant

Vyartsilya Metal Products Plant

Mechel Nemunas

Bratsk Ferroalloy Plant

Southern Urals Nickel Plant

Kaslinsky Plant of Art Casting

Mechel's metal trading network comprises over 80 branches including 18 service centers. It consists of a Russian company and subsidiaries in the CIS member states, Western and Eastern Europe.

Russian businessman Mr Igor Zyuzin and members of his family control 51.54% of common shares in Mechel.

voda 10 januari 2023 07:31

0

Former SAIL BSP Technocrat Develops New Wet Coke Quenching Process

Strategic Research Institute
Published on :
10 Jan, 2023, 5:19 am

The Hitvada reported that Steel Authority of India Limited’s Bhilai Steel Plant’s former General Manager Mr Ravi Rattan Kerketta has developed a new wet coke quenching process and that the invention is now in the final stage of grant of patent. The invention is revolutionary because for the first time the heat energy of steam during the wet coke quenching is gainfully utilized.

Mr Kerketta has conceptualized and designed six main machines and equipment for the new wet quenching technique. In the new technique, the hot coke is pushed through a specially designed pushing system into a coke transfer car in a completely closed environment to prevent any type of emission. The transfer car carries hot coke to cooling station, in a closed compartment so that no fumes and particles escape to the atmosphere. The hot coke is then transferred to uniquely designed coke disperse car, which spreads the hot coke on a tilting cooling bed. The hot coke is cooled by a non-contact rapid evaporation system, which consumes very little quantity of water and the hot steam is filtered and through negative pressure carried to a complex of multi cyclones and heat exchangers. Thus the heat energy of steam is gainfully utilized for hot air blast purpose which is subsequently used for augmentation of coke oven gas and also for drying of moist coke before supplying to blast furnaces.

Mr Kerketta explained that the new technique which is environment friendly could be easily installed as a brown field project since some of the equipment’s are similar to equipment’s which are in use in some form or other in iron and steel making companies.

In traditional wet quenching, it is worldwide practice to let the steam escape to open atmosphere. The invention addresses major problems of traditional wet coke quenching like, carbon emission by air pollution during coke pushing from coke ovens, huge water consumption in quenching towers, generation of large phenolic water waste, particulate emission from drying coke in open wharfs. In addition high moisture content in coke increases the coke rate in Blast Furnaces as well affects balances within Blast Furnaces. Mostly due to this reason, impurities like sulphur, phosphorus & ash etc increases, adversely affecting the productivity of blast furnaces. Increase in ash leads to expensive slag treatment. As per thumb rule 1% reduction in the ash content of the BF coke results into decrease in coke rate by 1 % to 1.5 %. Besides, higher phosphorus and sulphur in hot metal possess further problems in steel making.

voda 10 januari 2023 07:31

0

POSCO Restarts CR Stainless & Electrical Steel Mills at Pohang

Strategic Research Institute
Published on :
10 Jan, 2023, 5:21 am

South Korean steelmaker POSCO has restored and restarted its cold rolled stainless steel mill No 2 and electrical steel mill No1 in Pohang plant after suspension in September 2021 due to the fire caused by the Hinnamnor typhoon. The cold rolled stainless steel mill No 2 which was restarted on 24 December is expected to help stabilize the supply and demand of stainless steel in the country. The cold rolled stainless steel mill No 2 produces about 70% of the annual cold rolled stainless steel products produced by Pohang Works, while the electrical steel mill No 1, which resumed operations on 30 December, accounts for about 60% of the production of grain-oriented electrical steel products.

POSCO had resumed operations at its hot rolled steel production plant No 2 in Pohang after a three-month-long suspension due to Hinnamnor typhoon. The hot rolled steel plant No 2 processes 5 million tonnes of slab, or 33% of 14.8 million tonnes of steel products produced annually by the Pohang Works.

POSCO plans to resume the operation of all rolling mills within January by carrying out flood recovery work at the Pohang Works.

voda 10 januari 2023 07:32

0

Russian Forecast for Steel Output, Consumption & Exports till 2030

Strategic Research Institute
Published on :
10 Jan, 2023, 5:25 am

Interfax, citing preliminary figures from a strategy for the development of the steel industry to 2030 prepared by Russia’s Industry and Trade Ministry and approved by the government, has reported that Russia’s crude steel production fell by 5.5% YoY to 73.5 million tonnes in 2022. The baseline scenario of the strategy projects that steel production, including new territories, will grow by 4.2% to 76.6 million tonnes in 2023, while the conservative scenario forecasts a drop of 7.3% to 68.1 million tonnes.

Production of finished rolled steel fell 7.4% to 61 million tonnes in 2022, as domestic consumption slumped 4.4% to 39 million tonnes and exports dropped 11.2% to 26 million tonnes. The baseline scenario sees finished rolled steel output growing 6.5% to 65 million tonnes in 2023, as domestic consumption jumps 14.4% to 44.6 million tonnes while exports fall 5.8% to 24.5 million tonnes. The conservative scenario projects that rolled steel production will slump 2.1% to 59.7 million tonnes, with domestic consumption edging down 0.3% to 38.9 million tonnes and exports falling by 4.6% to 24.8 million tonnes.

Forecast steel production, consumption, exports and imports

Heading 2022 2023 2024 2025 2030
Crude steel Baseline 74 77 78 81 90
Conservative 74 68 69 70 76
Rolled steel (baseline) Production 61 65 66 69 83
Consumption 39 45 46 48 58
Exports 26 25 25 26 30
Rolled steel (conservative) Production 61 60 61 62 66
Consumption 39 39 39 39 39
Exports 26 25 26 27 33
In Million tonnes

voda 10 januari 2023 07:32

0

SSAB & Stena Stal Join to Provide Green Steel to Nordic Market

Strategic Research Institute
Published on :
10 Jan, 2023, 5:27 am

Swedish green steel pioneer SSAB has entered into an agreement with the Swedish steel distributor Stena Stål under which Stena Stål will be the first external distributor to deliver fossil-free steel on the Swedish market, starting in 2026. The Nordic steel market is diverse and a lot of business goes through distributors to small and medium-sized companies. Now, that Stena Stål has signed a letter of intent with SSAB, another link in the value chain has been added to the future fossil-free steel market.

Stena Stål MD Mr Stefan Svensson said “For us at Stena Stål, fossil-free steel is central to our journey towards sustainable steel distribution. This is very important for our customers and we aim to reduce our CO2 footprint by 50% already by 2030 and by 100% in 2045. We are very happy about this partnership as we take important steps towards a fossil-free future.”

Stena Stål supplies various types of steel products to customers in Sweden and Norway. Through close collaborations with leading steel producers, an extensive range of products is offered in areas such as beams, bars, pipes, rebars, sheet metal, stainless steel, aluminium and special steel. Customers mainly consist of small and medium-sized companies in construction and industrial operations. In addition to the wholesale business, adaptation and pre-treatment of steel products according to customer-specific needs is carried out in-house or with partners. Stena Stål is a part of the Stena Metal Group.

SSAB plans to revolutionize the entire steelmaking process, aiming to deliver fossil-free steel to the market at a commercial scale during 2026 and to largely eliminate carbon dioxide emissions from our own operations in around 2030. SSAB works with iron ore producer LKAB and energy company Vattenfall as part of the HYBRIT initiative to develop a value chain for fossil-free iron- and steel production, replacing the coking coal traditionally used for iron ore-based steelmaking with fossil-free electricity and hydrogen.

voda 10 januari 2023 07:33

0

Estonia Implements Ban on Imports of Russian Iron & Steel Products

Strategic Research Institute
Published on :
10 Jan, 2023, 5:29 am

Interfax reported that further bans on imports of goods originating from Russia took effect in Estonia on 9 January 2023. In particular, the prohibited goods include iron & steel products. The Estonian Tax & Customs Board announced “On 9 January, the transitional period for sanctions imposed by the European Union on a number of consumer goods originating in the Russian Federation will end and their import into the European Union will be prohibited from 9 January.”

The Estonian Tax & Customs Board added “As from 9 January, the transitional period will also end for those sanctioned goods for which supply contracts were concluded before 7 October. From 9 January, it is prohibited to bring from Russia a number of consumer goods, including cosmetics, washing and cleaning products, clothes, footwear, etc for both private and legal persons. Any prohibited items must be returned or abandoned by the traveler on the border, otherwise they shall be confiscated.”

voda 10 januari 2023 07:33

0

JSW Steel India’s Crude Steel Surges to 6.24 Million Tonnes

Strategic Research Institute
Published on :
10 Jan, 2023, 5:32 am

India’s leading steelmaker JSW Steel has cemented its No 1 status by combined crude steel production for Indian operations including the production at jointly controlled entities at 6.24 million tonnes in October-December quarter of 2022-23, up by 17% YoY, including the production at jointly controlled entities. BPSL was under Joint control till 1 October 2022 and the production for subsequent periods is included in JSW Steel Indian Operations. The crude steel production for Q3 FY 23 was sequentially higher by 10% due to BPSL and also restarting of steelmaking operations at JSW Ispat Special Products Ltd with effect from 14 November 22 post completion of the shutdown undertaken in July 2022.

voda 10 januari 2023 07:34

0

Global Economic Slowdown to Derail Plans for Green Steel

Strategic Research Institute
Published on :
10 Jan, 2023, 5:40 am

Leading research house Fitch Solutions in a latest report has warned that a slowing global economy with high levels of inflation and already squeezed profits is expected to hold up the development of green steel in the next two to three years. Fitch warned “Despite emissions-busting intentions, demand remains muted because green steel requires a premium price, and supply is limited. In the short term, slowing global growth and high energy costs means firms would be less willing to spend more on costly raw materials, and much less on premium-priced green steel. Should this trend continue, existing margins that are already difficult for sustainable profits will prevent new investments into lower carbon methods of production.”

Fitch also said “Risks to green steel production and demand remain elevated in the medium term.”

Fitch added “Longer-term, the success of green steel depends on how quickly supplies and production scale up, and on government-subsidized partnerships aimed at developing the new industry.”

voda 10 januari 2023 07:34

0

US DOE Proposes Metallic Glass Cores for Distribution Transformers

Strategic Research Institute
Published on :
10 Jan, 2023, 5:40 am

The US Department of Energy has proposed new energy-efficiency standards for three categories of distribution transformers to improve the resiliency of America’s power grid, lower utility bills and significantly reduce domestic carbon-dioxide emissions. DOE’s proposal represents a strategic step to advance the diversification of transformer core technology, which will conserve energy and reduce costs. Almost all transformers produced under the new standard would feature amorphous steel cores, which are significantly more energy efficient than those made of traditional grain-oriented electrical steel. If adopted within DOE’s proposed timeframe, the new rule will come into effect in 2027.

DOE estimates that the proposed standards, if finalized, would reduce US CO2 emissions by 340 million metric tons over the next 30 years, an amount roughly equal to the annual emissions of 90 coal-fired power plants. DOE also expects the proposed rule to generate over 10 quads of energy savings and approximately USD 15 billion in savings to the nation from 30 years of shipments.

A distribution transformer is a device used to change the voltage of electrical power. These transformers lower the voltage of electrical power before distribution to the customer. They are rated at about 50–1000 kVA and typically run 24 hours a day. Purchasers of distribution transformers are primarily electric utilities and commercial or industrial entities. Amorphous steel cores or metallic glasses cores result substantially lower energy losses than their crystalline counterparts and therefore, allow increased efficiencies of operation in transformers.

Amorphous metals are made of alloys that have no atomic order. They are made by rapid cooling, million degrees per second, of molten metals that prevents crystallization and leaves a vitrified structure in the form of thin strips. Due to the lack of systematic structure, this type of metal has also been given the name The Metallic Glasses. The typical Metglas is an alloy of iron with boron, silicon, and phosphorus in the form of thin (e.g. 25 µm) foils rapidly cooled from melt. These materials have high magnetic susceptibility, very low coercivity and high electrical resistance. The high resistance and thin foils lead to low losses by eddy currents when subjected to alternating magnetic fields. On the downside amorphous alloys have a lower saturation induction and often a higher magnetostriction compared to conventional crystalline iron-silicon electrical steel.

The Metallic Glasses were developed in 1970’s and there are few companies which have commercialized the technology. Incidentally, India was among the pioneer countries with IIT BHU’s Metallurgical Department had joined research initiative in 1970s and was conducting experiments to produce metallic glasses. India’s first Astronaut Mr Rakesh Shrma, who flew aboard Soyuz T-11 on 3 April 1984 as part of the Soviet Interkosmos programme, had conducted a related experiment in space, which was unfortunately hit by furnace snag.

voda 10 januari 2023 07:45

0

Nel & HH2E to Study Hydrogen Potential in Germany

Strategic Research Institute
Published on :
10 Jan, 2023, 3:30 am

Nel Hydrogen Electrolyser has agreed with HH2E for a Front End Engineering and Design study and a Letter of Intent for two 60 MW electrolyser plants in Germany. The FEED will commence after a firm purchase order is made, and the parties intend to conclude a contract for electrolyser equipment within the first half of 2023.

HH2E’s two 60 MW plants will be among the largest green hydrogen production plants in Europe announced to date. Both facilities are in the first phase and can be significantly expanded. The hydrogen will be used for industrial applications, transportation, and heat. In total, HH2E is aiming for 4 GW of electrolyser capacity in Germany by 2030.

voda 11 januari 2023 07:20

0

Worthington Industries Implements Board Transition Plan

Strategic Research Institute
Published on :
11 Jan, 2023, 5:39 am

US’s leading industrial manufacturing company Worthington Industries has announced the appointment of Worthington’s Vice President Global Business Development & Sustainable Energy Solutions Mr John H McConnell II to Worthington’s board of directors, effective immediately increasing the board to 12 members. Mr John P McConnell, executive chairman, intends to step down from the board in June 2023 in alignment with the Company’s fiscal year-end.

Mr John H McConnell II was named vice president, Global Business Development, Worthington Industries Sustainable Energy Solutions in June 2021. In this role, Mr McConnell II leads the global sales and growth strategy for the Company’s Sustainable Energy Solutions business unit.

Mr McConnell II joined Worthington Industries in 2000 and has served in several capacities across the Company, including Corporate Communications, Transformation and Commercial roles. As a transformation analyst, he helped drive continuous improvement efforts across Worthington’s Steel Processing business. Mr McConnell left Worthington in 2012 to join the Columbus Blue Jackets NHL, where he focused on marketing outreach and partnership activation. There, he also co-chaired the NHL All-Star Events Committee and was an amateur and professional talent scout. Mr McConnell also worked for US Congresswoman Ms Deborah Pryce as the constituent office coordinator and for Ohio State Senator Mr Kevin Coughlin, including Mr Coughlin’s re-election campaign as a campaign field coordinator.

Mr McConnell II returned to Worthington in 2014 as product manager of life support technology with commercial responsibility for Worthington’s SCBA (self-contained breathing apparatus) cylinders used in military and aerospace applications, as well as firefighters and first responders. In 2019, he was promoted to business director of North American High Pressure Vessels that included Type III cylinders for the automotive and aerospace markets.

Mr McConnell II is the grandson of the late Mr John H McConnell, founder of Worthington Industries and the Columbus Blue Jackets. He has a strong interest in supporting veteran issues and community development, serving on the National Veterans Memorial and Museum, Columbus Zoo and Aquarium and the Cohesion Foundation boards. He has a bachelor’s degree and Master of Business Administration from The Ohio State University and resides in Columbus, Ohio with his wife and their two children.

Mr John P McConnell began his career at Worthington Industries in 1975 as a general laborer in the Louisville, Ky. steel plant. He also worked as a sales representative for two of Worthington's divisions. McConnell served as corporate personnel director and has been instrumental in administering the Company's highly recognized employee-based policies. He was appointed vice president and general manager of the Company's largest steel facility in Columbus, Ohio in 1985. A member of Worthington's board of directors since 1990, McConnell became vice chairman in 1992 and was named chief executive officer in March of 1993. In September of 1996, he was named chairman of the board. In September of 2020, he was named executive chairman.

Founded in 1955 & headquartered in Columbus in Ohio, Worthington operates 52 facilities in 15 states and nine countries, sells into over 90 countries and employs approximately 9,500 people. Worthington Industries has been delivering innovative solutions to customers spanning industries such as automotive, energy, retail and construction for over six decades. Worthington is North America’s premier value-added steel processor and producer of laser welded solutions and electrical steel laminations that provide light weighting, safety critical and emission reducing components to the mobility market. Through on-board fueling systems and gas containment solutions, Worthington serves the growing global hydrogen ecosystem.

voda 11 januari 2023 07:24

0

ADF Group Secures Additional Work on Recently Signed Contracts

Strategic Research Institute
Published on :
11 Jan, 2023, 5:43 am

Terrebonne Quebec headquartered North American leader in steel superstructure manufacturing Canadian ADF Group has announced the addition of CAD 30 million worth of work to the scope of work on one of the recently signed manufacturing contracts in the US industrial sector. Following a request from the client, these additions were made to ADF's original contract and are part of the original contract completion schedule, which is expected to begin shortly and run until the end of 2023. This additional work will be carried out by the ADF team in Terrebonne.

The Company's backlog was CAD 344 million as at October 31, 2022, excluding contracts announced in December 2022 and those announced now.

ADF Group is a North American leader in the design and engineering of connections, manufacturing, including the application of industrial coatings, the assembly of complex metal structures, heavy steel components, as well as fabricated and architectural metals, for the non-residential infrastructure sector. The Company now operates two manufacturing plants and two paint shops; in Canada and the United States, as well as a 'Construction' division in the United States, which specializes in the assembly of steel structures and other related products.

voda 11 januari 2023 07:25

0

Steel
US Steel Shipments in November Dip by 3.8% MoM

Strategic Research Institute
Published on :
11 Jan, 2023, 5:44 am

The American Iron and Steel Institute has reported that for the month of November 2022, US steel mills shipped 6.939 million net tons, a 12.1% decrease from the 7.894 million net tons shipped in November 2021. Shipments were down 3.8% from the 7.210 million net tons shipped in the October 2022.

Shipments year-to-date in 2022 are 82.614 million net tons, down 4.9% YoY vs. 2021 shipments of 86.848 million net tons for eleven months. A comparison of shipments year-to-date in 2022 to the first eleven months of 2021 shows the following changes

Corrosion resistant sheet and strip, down 9% YoY

Hot rolled sheet, down 9% YoY

Cold rolled sheet, down 14% YoY

voda 11 januari 2023 07:26

0

Olympic Steel Promotes Ms Lisa K Christen & Mr Kevin M Eldridge

Strategic Research Institute
Published on :
11 Jan, 2023, 5:46 am

Cleveland headquartered US’s leading national metals service center Olympic Steel has announced the promotions of Ms Lisa K Christen to Vice President and Treasurer and Mr Kevin M Eldridge to Corporate Controller.

Ms Christen is a Certified Public Accountant in the state of Ohio. She joined Olympic Steel in 1999 as a Tax Accountant and has since progressed through roles of increasing responsibility within the Finance and Accounting Department, most recently serving as Corporate Controller and Treasurer. Ms Christen earned both her bachelor’s degree in accounting and her Master of Business Administration from Kent State University. She is a member of the American Institute of Certified Public Accountants and the Ohio Society of Certified Public Accountants. She also serves as Treasurer on the Board of Seton Catholic School and as a Finance Committee member for Walsh Jesuit High School.

Mr Eldridge joined Olympic Steel in 2011, quickly advancing in roles within the Corporate Accounting Department, including in his most recent position as Corporate Accounting Manager. Mr Eldridge earned his bachelor’s degree in accounting from Miami University and his master’s degree in accounting from Kent State University.

Founded in 1954, Olympic Steel is a leading US metals service center focused on the direct sale of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel, aluminum, tin plate, and metal-intensive branded products. The Company’s CTI subsidiary is a leading distributor of steel tubing, bar, pipe, valves and fittings, and fabricator of value-added parts and components. Headquartered in Cleveland, Ohio, Olympic Steel operates from more than 44 facilities in North America.

voda 11 januari 2023 07:27

0

Corpac Steel Products Secures Certification from NMSDC

Strategic Research Institute
Published on :
11 Jan, 2023, 5:54 am

US’s leading steel pipes, valves and fittings distributer Corpac Steel Products has been granted its Minority Business Enterprise certification and is now Nationally Certified by the Florida State Minority Supplier Development Council. This certification validates that Corpac meets the criteria defined by the National Minority Supplier Development Council.

Corpac is a global supplier of steel products and services with operations and inventory locations throughout North America, South America, the Caribbean, Europe, Asia, Africa and the Middle East. Its proprietary Crossover Distribution System includes Manufacturing, Distribution, Services, Logistics, Trade Finance, QA, and QC as well as supply chain consultancy. Hundreds of leading companies in the Energy, Heavy & Civil Construction as well as Utilities, rely on Corpac's vast inventory, distribution, production, and logistics capabilities for their project needs throughout the world.

voda 11 januari 2023 07:27

0

Australian Steel Institute Seeks Ban on Unprocessed Scrap Exports

Strategic Research Institute
Published on :
11 Jan, 2023, 5:55 am

The Australian Steel Institute has called on the Federal Government to ban the export of unprocessed ferrous scrap metal, saying it is best used locally. In a presentation to the Federal Standing Committee on Climate Change, Energy, Environment and Water in November 2022, ASI sustainability national manager Mr Michael Dawson said the domestic steel industry has prioritized the increased use of scrap as one of the enablers in its decarbonization pathways.

Mr Dawson said “Higher local scrap use decreased the greenhouse gas emissions produced in the iron and steelmaking process and reduced reliance on iron ore and coking coal. The addition of the ban using existing Commonwealth legislation would prevent the dumping of the hazard-containing material offshore and protect the sovereign capability of Australia’s steel manufacturing. There is currently a shortage of domestic processed ferrous scrap, with local steel producers forced to source more than 500,000 tonnes of ferrous scrap from a combination of interstate and overseas sources. This is occurring at the same time as 1.07 million tonnes of unprocessed ferrous scrap is being exported from Australia annually. As a result, we are confronted by a bizarre situation whereby locally we’re underutilizing our national scrap processing capacity as our steel mills are importing processed ferrous scrap, to meet increasing demand for steel, which is essentially adding to the carbon footprint of the supply chain and putting at risk our capacity to decrease our GHG emissions in the near term through insuring supply of adequate domestic scrap.”

Mr Dawson said “Making a change to existing Commonwealth legislation banning export of the scrap would reap significant benefits for local steel manufacturing capacity and its decarbonization efforts. It would free up an extra 800,000 tonnes of processed scrap to the domestic market, decrease our sector’s GHG emissions by approximately 1.5 m/ts CO2e; and prevent harm to offshore environment through banning the dumping of Australia’s unprocessed scrap waste. It’s a win, win, win.”

The Australian Steel Institute is the peak body representing the Australian steel industry. ASI provides marketing, education, advocacy, sustainability and technical leadership for 500 companies and 5,000 members. Its founding members are BlueScope, InfraBuild, Liberty Primary Steel and Stramit Building Products. Steel generates 100,000 jobs and AUD 29 billion in revenue in Australia.

voda 11 januari 2023 07:30

0

POSCO Raises USD 2 Billion via Overseas Debt Sale

Strategic Research Institute
Published on :
11 Jan, 2023, 6:06 am

Yonhap reported that South Korea's leading steelmaker POSCO has raised USD 2 billion by selling debts overseas, its largest-ever overseas debt sale. The three-tranche debt comprises three-year bonds worth USD 700 million, five-year bonds worth USD 1 billion and 10-year debts valued at USD 300 million. POSCO said the proceeds from the debt sale will help beef up its cash flows down the road amid rising market rates.

POSCO's bond sale marks the first time a South Korean firm has sold dollar-denominated debt since 15 December, when the US Federal Reserve raised its key rate by 50 basis points.

POSCO raised USD 1 billion by selling debts overseas in July 2022. Early this month, POSCO also raised KRW 700 billion (USD 563 million) by selling unsecured debts locally.

voda 11 januari 2023 07:31

0

Masteel Supplies Wheels for Subway Type-B Train in China

Strategic Research Institute
Published on :
11 Jan, 2023, 6:07 am

Chinese steel giant Baowu announced that the first Type-B train with a speed of 120 kilometers per hour, which is the first Chinese standard subway used in Wuxi-Jiangyin intercity traffic, has smoothly rolled off the production line recently. The multi train subway wheels of this project are all provided by China Baowu Masteel Rail Transit Materials Technology Company.

This is another Chinese standard subway train wheel order obtained by Masteel, after the delivery of the first Chinese standard subway Type-A train wheels in 2021.

The serialization of Chinese standard subway trains represents China's latest independent innovation achievements in the subway field. The most notable feature is that Chinese standards are the leading factor, and standardization is achieved from parts to complete cars to further enhance the manufacturing level and core competitiveness of domestic rail transit equipment companies.

At present, the subway wheels manufactured by Masteel have been loaded in batches in both Type-A and Type-B trains of the Chinese standard subway with a speed of 120 kilometers per hour.

voda 11 januari 2023 07:31

0

Primetals Starts Meros Gas Cleaning Plant at Acciaierie D’italia

Strategic Research Institute
Published on :
11 Jan, 2023, 6:08 am

The third MEROS plant implemented at Acciaierie d’Italia’s sinter plants in Taranto in Italy was started up recently by Primetals Technologies. The steel producer has ordered a total of seven MEROS plants, four at the sinter plants and three at power plant No 2. Construction work for the remaining four plants began in September of 2022.

An off-gas cleaning plant, MEROS removes almost all potentially harmful substances in waste gases coming from, for example, sinter plants or power plants. At the site in Taranto, the results speak for themselves: the three implemented MEROS plants are reducing dust emissions from the two sinter plants to less than 3 milligrams per cubic meter, significantly below the legal limit of 10 milligrams. In addition, the dioxin levels are less than 0.01 nano grams per cubic meter, far below the level of 0.15 nanograms required by the Italian law.

During the MEROS process, dust from the sinter plant is treated in a series of steps in which dust and potentially harmful metallic and organic components are removed. As a result, the amount of recirculated dust is minimized, which results in fewer filter pulse cleaning cycles and less compressed air consumption. Therefore, MEROS is a highly energy efficient plant.

Acciaierie d’Italia is a joint venture of ArcelorMittal and the Italian National Agency for Investments Attraction and Business Development Invitalia, with around 10,000 employees and an annual production of approximately four million tons of steel in 2021.

voda 11 januari 2023 07:32

0

Rebar Futures Account for 29% of SHFE Volume in 2022

Strategic Research Institute
Published on :
11 Jan, 2023, 6:08 am

Shanghai Futures Exchange announced that total trading volume for SHFE reached 1.823 million lots in 2022 in 242 total trading days. Steel rebar annual total trading volume stood at 525 million lots, accounting for 29% of total trade, signaling paper trader’s belief in steel sector. The July average daily trading volume reached 2022 peak of 2.737 million lots while the August average daily open interest for steel rebar reached 2022 peak of 3.057 million lots.

Other prominent contracts reported following volumes in 2022

Fuel oil – 210.455 million lots

Silver – 188.771 million lots

Aluminum – 99.975 million lots

Wood pulp fuel oil – 81.158 million lots

Natural rubber – 79.639 million lots

Copper – 46.497 million lots

Shanghai International Energy Exchange announced that total trading volume for INE reached 120.166 million lots in 2022 in 242 total trading days

Crude oil – 53.581 million lots

LSFO – 40.842 million lots

TSR 20 – 13.592 million lots

Crude oil – 6.601 million lots

Copper – 5.551 million lots

Shanghai Futures Exchange is under the uniform regulation of the China Securities Regulatory Commission and organizes the futures trading approved by CSRC in accordance with the principles of openness, impartiality, fairness and integrity. Currently there are 20 futures contracts and 8 commodity options available for trading on SHFE.

Shanghai International Energy Exchange operates the listing, clearing, settlement and delivery of futures, options and other derivatives, formulates business rules, implements self-regulation, publishes market information, and provides technology, venue and facility services.

Vertraagd	24 feb 2025 17:37
Koers	26,830
Verschil	0,000 (0,00%)
Hoog	27,020
Laag	26,600
Volume	1.746.632
Volume gemiddeld	2.623.177
Volume gisteren	1.746.632

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