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voda 19 januari 2023 07:00

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Surya Roshni to Set up GP,CR at Pipe at Hindupur in Andhra Pradesh

Strategic Research Institute
Published on :
19 Jan, 2023, 6:13 am

India’s leading pipe maker Surya Roshni’s board of directors have approved setting up of new steel pipe plant for manufacturing of GP, CR coil & pipe at Hindupur in Andhra Pradesh.

Proposed capacity addition - 72000 tonne per annum

Schedule of Commissioning - By March 2024

Investment – INR 175 crore

Mode of financing - Internal Accruals

Surya Roshni said “The rationale behind setting-up of the new plant is to go for the backward integration of GP and CR Coil & Pipes, to ensure timely availability of GP coil & CR coil at lower cost through in-house production, which enable the Company to increase its production of GP Pipes and to eater the increasing demand of ERW Steel Pipes Black, Galvanized & Pre-Galvanized GP Pipe in Southern India market. With the setting-up of the new plant, the share of high value added pipes shall further increase resulting into creation of a much larger and stronger steel pipes business with economics of scale.

With 49 years of Prakash Surya Brand presence in India, Surya Roshni is a leading manufacturer of Structural, Gl, API Grade & Spiral pipes and CR Strips with1.276 million tonne per annum capacity including 0.961 million tonne per annum of ERW Pipes, 0. 2 million tonne per annum of Spiral Pipes and 0.115 million tonne per annum of CR with4 manufacturing locations in Haryana, Madhya Pradesh, Gujarat & Andhra Pradesh.

voda 19 januari 2023 07:02

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SAIL-BSP Sets New Production Records in Apr-Dec’22

Strategic Research Institute
Published on :
19 Jan, 2023, 6:14 am

News Riveting reported that Steel Authority of India Limited’s Bhilai Steel Plant that has witnessed a remarkable growth in the April-December 2022-23 with best ever finished steel production of 3.210 million tonnes and best ever saleable steel production of 3.429 million tonne as compared to previous best figures were 2.718 million tonnes of finished steel and 3.427 million tonnes of saleable steel production in April-December in 2021-22.

Steel Melting Shop 3 – 2.184 million tonnes, previous best of 1.982 million tonnes in 2021-22

Record breaking performances have also been recorded by RMP 3, Sinter Plants, BRM and URM.

RMP-3 – 349.339 tonnes, previous best of 290,018 tonnes

Sinter Production – 5.903 million tonne, previous best of 5.887 million tonne

Rails

URM Rail production of 571,966 tonnes, previous best of 454,415 tonne

URM Long Rail Production of 543,270 tonnes, previous best of 474,505 tonnes

URM & RSM highest ever loading of 666,031 tonnes of long rails to Indian Railways as against previous best of 532,091 tonne

Bar & Rod Mill - Production of 606,419 tonnes, previous best of 510,298 tonnes

Plate Mill - Production of 176,000 T of high tensile plates, previous best of 171,211 tonnes.

voda 19 januari 2023 07:04

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Billet offer prices surge in ASEAN, Taiwan
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Billet exporters continue to strongly propel the market upwards in East Asia, Kallanish notes. New offer prices are rising ahead of the current market level, regional market sources say.

A Malaysian mill’s offer for 130mm and 150mm 3sp billet, for March shipment, is tagged at $620/tonne cfr Manila and for 5sp billet at $628/t cfr. The market’s “momentum to [reach] $580/t cfr certainly slowed down,” a regional trader observed. But offers are far higher, he adds. Offers last week were prevailing at $585-600/t cfr Manila. On the other hand, he has not heard of bids rising from last Friday’s level of $570/t cfr and possibly $575/t cfr.

A 50,000-tonne cargo of Russian 150mm 3sp/4sp billet was heard to have transacted around Monday at $588/t cfr Taiwan, regional trading sources report. The March-shipment consignment is heard to have been sold to a large re-roller in Kaohsiung. “Generally, [Taiwanese] buyers’ idea is $570/t cfr,” a Kaohsiung trader says.

Demand for construction steel is still sluggish, he adds. He hears the Taiwanese buyer “can overcome payment” for Russian steel by issuing a letter of credit through Dubai. He deems the concluded price for Russian steel to be high but adds: “Maybe it is hard to buy from other sources at a lower price."

An Indonesian blast furnace mill has announced this week that its latest 3sp grade billet offer is at $620/t fob for end-March shipment, up from $590/t fob last Friday. The mill’s offer today is at around $645/t cfr Jakarta, compared to $615/t cfr last Friday, Indonesian market sources say. The mill’s price increase is based on speculation, an Indonesian mill manager opined on Wednesday.

Traders have been pushing up regional prices in recent weeks. A Chinese trader is heard to have ordered 50,000t of Indonesian blast furnace 3sp billet at $565/t fob last week. Trading sources say the Philippines is the top destination for these billet bookings.

Anna Low Singapore

voda 19 januari 2023 07:15

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Polish Coking Coal Miner JSW among Leaders in Climate Action

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

Europes’ leading coking coal miner Polish Jastrzebska Spólka Weglowa has reported on its climate activities for the first time to the reputable CDP rating, receiving a high score. The score confirms the significant commitment of the company to environmental and climate action.

CDP, an international rating organization based in the UK classified Jastrzebska Spólka Weglowa for the first time and placed it among leading global companies in the category of climate activities. The study registered 103 Polish companies, out of which only 16 received the highest scores from A to C. JSW was awarded a high score of C, outranking all other companies from the mining sector. This reflects the fact that JSW not only discloses climate-related information, in particular its carbon footprint, manages climate change in the organization, but also undertakes real action to prevent climate change.

In recent years, Jastrzebska Spólka Weglowa has made great strides in the area of sustainable development. The main goal is to reduce the GHG emissions, i.e. the organization’s carbon footprint (in Scopes 1 and 2), by 30% by 2030 versus 2018, which is in line with the less than 2 degree Celsius pathway of the Paris Agreement. The Company also wants to achieve climate neutrality by 2050. These actions, among others, have been noticed internationally.

voda 19 januari 2023 07:30

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Beursblik: JPMorgan verhoogt koersdoel Aperam

Van 31,40 naar 33,60 euro.

(ABM FN-Dow Jones) JPMorgan heeft donderdag het koersdoel voor Aperam verhoogd van 31,40 naar 33,60 euro bij handhaving van het Neutraal advies.

Analisten van de bank merkten op dat het aandeel sterker presteerde dan sectorgenoten sinds het dieptepunt in maart 2020. De analisten wezen onder meer op de sterke balans, die strategische kansen biedt in de vorm van overnames en het belonen van de aandeelhouder.

"Maar beleggers prijzen een groter herstel van de staalsector in dan gerechtvaardigd is", waarschuwden de analisten.

Het aandeel sloot woensdag op 35,52 euro.

Door: ABM Financial News.

info@abmfn.nl

Redactie: +31(0)20 26 28 999

voda 19 januari 2023 08:00

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Beursblik: JPMorgan verhoogt koersdoel ArcelorMittal

Naar 24,50 euro.

(ABM FN-Dow Jones) JPMorgan heeft het koersdoel voor ArcelorMittal verhoogd van 23,00 naar 24,50 euro met handhaving van het Neutraal. Dit bleek donderdag uit een omvattend sectorrapport van de Amerikaanse zakenbank.

De analisten van JPMorgan plaatsten ArcelorMittal ook op de zogeheten Negative Catalyst Watch-lijst. Dit betekent dat zij op korte termijn een ondermaatse koersprestatie vrezen, omdat de verwachtingen in de markt voor het vierde kwartaal erg hoog zijn.

JPMorgan stelde verder dat de balans van ArcelorMittal dit jaar sterker is dan bij voorgaande vertragingen in de sector. De bank vergelijkt de schuldpositie van de onderneming van halverwege 2022 van 4,2 miljard dollar met de raming voor eind 2022 die de bank op 3,5 miljard dollar heeft staan. In 2019 stond de teller nog op 9,5 miljard dollar aan schuld.

Voor het vierde kwartaal waarvan de cijfers op 9 februari door ArcelorMittal worden gepubliceerd, gaat JPMorgan uit van een EBITDA van circa 1 miljard dollar, ongeveer 13 procent onder de huidige analistenconsensus. In het derde kwartaal boekte ArcelorMittal nog een EBITDA van 2,7 miljard dollar.

JPMorgan schreef de afname van het resultaat donderdag in het rapport toe aan de combinatie van vooral lagere prijzen en volumedalingen, maar ook aan hogere kosten.

De bank verwacht bij de kwartaalcijfers geen aankondiging voor een aanvullende aandeleninkoop.

Het aandeel ArcelorMittal sloot woensdag op 28,90 euro.

Door: ABM Financial News.

info@abmfn.nl

Redactie: +31(0)20 26 28 999

voda 20 januari 2023 06:47

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US Secretary of Labor Visits voestalpine Training Center in Linz

Strategic Research Institute
Published on :
20 Jan, 2023, 5:48 am

In light of the increasing lack of skilled labor, the USA and Austria are intensifying their cooperation and exchanges in the field of dual education. It is for this reason that US Secretary of Labor Mr Marty Walsh was a guest at voestalpine in Linz. He came to view the steel and technology Group’s state-of-the-art training center where around 400 apprentices are currently undergoing training. He commented “Expanding dual apprenticeship training is the key to creating high quality jobs in new and emerging industries. By signing a Memorandum of Understanding in April 2022 on expanding apprenticeship programs in both countries, the USA and Austria have signaled their intention to improve the career prospects of young people.”

Around the world, the voestalpine Group is opening up career perspectives for 1,400 apprentices in a total of 50 skilled trades. As one of the country’s largest industrial apprentice training institutions, in Austria the voestalpine Group is currently training around 860 apprentices in 30 skilled trades.

The apprentices are being prepared to apply the latest technologies to the processes and workflows used in the digital workplace. This includes modern teaching methods such as working with Virtual Reality glasses, or the use of robotics. More than EUR 90,000 is invested in training each apprentice.

voda 20 januari 2023 06:48

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Insteel Industries Profit Shrinks in Oct-Dec’22 Quarter

Strategic Research Institute
Published on :
20 Jan, 2023, 5:48 am

Mount Airy North Carolina headquartered US’s leading steel wire producer Insteel Industries has reported that net earnings for the first quarter of fiscal 2023 decreased to USD 11.1 million in October-December quarter of 2022, sharply down from record earnings of USD 23.1 million in October-December quarter of 2021 as results were unfavorably impacted by lower shipments and the narrowing of spreads between selling prices and raw material costs.

Net sales decreased 6.5% YoY to USD 166.9 million from USD 178.5 million in the prior year quarter primarily from a 10.0% decrease in shipments partially offset by a 3.9% increase in average selling prices. Shipments into nonresidential construction markets during the first quarter were adversely affected by customer destocking that reflects easing supply chain constraints together with the ongoing weakness in the residential construction market. On a sequential basis, shipments decreased 12.0% from the fourth quarter of fiscal 2022, reflecting the usual seasonal slowdown in construction activity, while average selling prices fell 8.8%.

Gross margin narrowed to 10.7% from 23.7% in the prior year quarter due to the reduction in spreads between selling prices and raw material costs together with a decrease in shipments and higher operating costs that reflect lower production volumes and general inflationary trends. The spread compression was driven by the consumption of higher cost inventory purchased primarily in fiscal 2022.

Insteel’s President & CEO Mr HO Woltz III said “Following a year of record financial results, the first quarter of fiscal 2023 was a period of transition as our supply chain recovers from unprecedented constraints of the prior year. As we move into the second quarter, we expect our results will continue to be affected by the consumption of higher cost inventories along with the usual weather-related slowdown in construction activity.”

Insteel is the US’s largest manufacturer of steel wire reinforcing products for concrete construction applications. Insteel manufactures and markets prestressed concrete strand and welded wire reinforcement, including engineered structural mesh, concrete pipe reinforcement and standard welded wire reinforcement. Insteel’s products are sold primarily to manufacturers of concrete products and concrete contractors for use, primarily, in nonresidential construction applications. Headquartered in Mount Airy, North Carolina, Insteel operates ten manufacturing facilities located in the United States.

voda 20 januari 2023 06:48

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Huadi to Supply Stainless Steel Seamless Pipes to CNPC’s Huanqiu

Strategic Research Institute
Published on :
20 Jan, 2023, 5:49 am

China’s leading developer and manufacturer of industrial stainless steel seamless pipes and tubes products Huadi International Group has entered into strategic partnership agreement with world’s third largest oil and gas company China National Petroleum Corporation’s construction contractor China Huanqiu Contracting & Engineering. Huadi has been awarded and nominated as Huanqiu’s first-tier supplier of stainless steel seamless pipes and tubes.

Pursuant to the Agreement, HUDI will supply stainless steel seamless pipes and tubes to Huanqiu and its affiliated subsidiaries as part of Huanqiu’s procurement process for contracted construction projects.

Huadi International Group is a leading manufacturer of industrial stainless steel seamless pipes and tubes products with extensive distribution facilities and network for over twenty provinces in China and across international steel pipes industry. It offers a broad range of products exported to twenty countries and regions such as United States, Mexico, Thailand, Australia, Argentina, Taiwan, India, the Philippines, UAE and Canada. Its products are widely used in the oil & gas transmission, chemistry engineering, food processing, medical devices, aeronautics and astronautics, boiler, irrigation works construction, electricity, automobile, naval architecture, paper mill and mechanical industries.

voda 20 januari 2023 06:49

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Bri-Steel to Build Thermal Pipe Expansion Mill in Oklahoma

Strategic Research Institute
Published on :
20 Jan, 2023, 5:49 am

Edmonton Alberta headquartered leading North American manufacture of large diameter seamless steel pipe Canadian Integris International’s Bri-Steel Manufacturing is building their second North American Thermal Pipe Expansion mill in Enid in Oklahoma in US. The plant will produce seamless pipe in sizes 12-36 inches in wall thickness up to 3 inch thick. Bri-Steel will make Carbon Steel and Alloy Steel pipes.

Bri-Steel has acquired the former GEFCO facility in Enid, Oklahoma. The facility is approximately 329,000 square feet with over 43 acres of land. This facility has enough infrastructures for future expansion and provides the company with multiple options to produce a hyper-efficient factory that can survive even the worst of times.

The Bri-Steel team has completed the equipment layout and has started to procure the manufacturing equipment for the plant. The new equipment will be the latest technology to improve on our industry-leading quality products. Renovations and pre-commissioning work is expected to begin in the next few months using local industry and trades people. The plant will produce seamless pipe in sizes 12-36 inches in wall thickness up to 3 inch thick. Bri-Steel will make Carbon Steel and Alloy Steel pipes.

Bri-Steel Manufacturing is a state of the art facility that produces Large Diameter Seamless Steel Pipe in Canada. Bri-Steel is capable of producing pipe sizes ranging from Outside Diameters of 16 through 36 inches, and Wall Thicknesses up to 2.343 inches in CSA, ASTM, ASME and API specifications.

Bri-Steel produces their pipes by a process called Thermal Pipe Expansion or "TPE". This process is performed by using an engineered-size mother tube, heating it to 900 degree Celsius by induction heating, and pushing it over a controlled ID mandrel to expand the pipe to a piping size. After that, it is tested and finished to all major industry specifications. By producing this way, Bri-Steel is able to produce pipe sizes not normally produced by traditional steel pipe mills. When a 27-inch OD 0.965 inch Wall Thickness is optimal for your project, it is now easily available to you. There is no longer a need to re-engineer jobs to suit the manufacturer, saving your time and money.

voda 20 januari 2023 06:50

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Danieli Corus to Revamp Jiangsu Shagang’s Blast Furnace

Strategic Research Institute
Published on :
20 Jan, 2023, 5:50 am

Chinese steelmaker Jiangsu Shagang Group has awarded Danieli Corus a contract to revamp its 5800 cubic meters blast furnace in operation at Zhangjiagang in Jiangsu province in China. The furnace lining zones that are most critical with respect to thermal load resistance will be converted from copper stave cooling to the Danieli Corus design based on high conductivity graphite refractories in combination with machined copper plate coolers.

This solution was designated as “the indestructible bosh” by some steel producers because of its unparalleled ability to achieve long campaign lengths.

The Danieli Corus blast furnace design is the only foreign cooling and lining technology that has been embraced by the Chinese integrated steel producers. This is the third time Danieli Corus BF cooling and lining technology will be implemented in China, after Shanxi Taigang awarded contracts for the new Taiyuan blast furnaces 6 in 2010 and 5 in 2019.

voda 20 januari 2023 06:50

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Outokumpu to Restart Ferrochrome Furnace in February

Strategic Research Institute
Published on :
20 Jan, 2023, 5:51 am

Finland headquartered global stainless steel leader Outokumpu will restart its third ferrochrome furnaces earlier than planned on 15 February 2023but continues to optimize ferrochrome production capacity. The furnace was shut down temporarily beginning in September due to the high price of electricity, and the plan was to delay its restart at least until the end of the first quarter of 2023.

The optimization of ferrochrome production based on the price of electricity continues for all three furnaces, and the production capacity remains at 50–60% of normal.

Outokumpu’s President Ferrochrome Mr Martti Sassi said “The restart of the third ferrochrome gives us more possibilities for optimizing the production in the current situation in the electricity market. As the furnace will be restarted, also the employees of that furnace will return to work at the ferrochrome operations. The majority of them have been working in Outokumpu’s stainless steel operations in Tornio.”

voda 20 januari 2023 06:52

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MMK Launches Wireless Industrial Internet of Things Network

Strategic Research Institute
Published on :
20 Jan, 2023, 5:51 am

Russian steelmaker MMK’s MMK-Informservice has installed network infrastructure for the industrial internet of things at MMK’s industrial site in Magnitogorsk in Chelyabinsk region of Russia. The IIoT core network was built on the basis of the LoRaWAN wireless data transfer protocol, which makes it possible to standardise the collection of discrete data as well as to accelerate and reduce the cost of MMK’s digitalization projects. The state-of-the-art wireless technology makes it possible to collect data from sensors installed on process equipment, including auxiliary systems, which have so far not been included in the digitalization process. It also enables Company experts to monitor indicators and to establish a data lake for further analysis and creation of supporting systems.

The network provides a stable and secure environment for transmitting information. Wireless technology eliminates the risk of disconnections and damage to cable infrastructure as well as the need to install additional telecommunication lines when incorporating new digital solutions, thus reducing their cost and the time needed to implement them.

By ensuring full coverage of the plant site and seamless data transmission, the network provides communication in hard-to-reach and remote production areas where there are no traditional hard lines. This will enable the Company to gather information on hundreds of metrics from all its industrial facilities without interruption, starting with temperature, humidity, pressure, vibration and noise levels through to flow meter data, which can be collected according to a schedule, in response to requests or when critical values are reached. The system will enable a transition from visual or scheduled equipment maintenance to condition-based maintenance, and staff will be able to hand over routine processes to automated equipment, freeing up time to engage in more complex and creative tasks.

When installing the system, the Company prioritized devices that are produced domestically and adapted for an aggressive external environment. Sensors with a built-in power supply and using the LoRaWAN protocol can operate without being connected to an electricity network or wires for up to five years. Data is collected according to a schedule and in line with various digitalization projects. It is then transmitted to the application server (IIoT platform), where it is pre-processed, and operators as well as maintenance and other personnel can access it through the Company’s corporate data warehouse.

The introduction of the IIoT network is one of the key elements of MMK’s digitalization strategy. Other IT projects that are currently being implemented on the basis of this technology include a system for monitoring personnel in hazardous areas in coke plant No. 8, which is aimed at reducing workplace injuries, and a system for monitoring the temperature of blast furnace housing in the blast furnace shop in order to minimize maintenance costs.

voda 20 januari 2023 06:52

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Dillinger Supplies 220mm Steel Plates for Liebherr’s Crane

Strategic Research Institute
Published on :
20 Jan, 2023, 5:52 am

High-strength steel from German thick steel plate specialist Dillinger’s plates measuring up to 220 mm in thickness have been used for Liebherr’s largest ever heavy-duty crane HLC 295000. The steel supplied by Dillinger for the heavy-duty crane meets special requirements for yield strength, impact strength, and Z-grades, ie specific properties related to plate thickness.

The HLC 295000 heavy-duty crane, which has a maximum lifting height of 175 meters, was manufactured at the Liebherr site in Rostock and installed on the Orion, a purpose-built vessel of the Belgian DEME Group. It embodies a new generation of Liebherr offshore cranes and stands for exceptional efficiency, speed and intelligent technology. The crane’s compact design makes it ideal for the offshore sector. Its base column of just 16.8 meters in diameter is unequalled on the market. Plus, a maximum load capacity of 5,000 tonnes and a jib of up to 151 meters means the HLC is capable of moving large components with precision.

The heavy-duty crane is chiefly being used to lift offshore foundations and associated platforms during the dismantling of disused offshore oil and gas production facilities, as well as for the installation of the ever-growing offshore wind power components, as was recently the case at the Arcadis Ost 1 wind farm off the island of Rügen. Other steel products are also paving the way for an effective energy transition here: Steelwind Nordenham, a Dillingen Group company, supplied XXL monopiles for the wind farm; the largest ever required for such a purpose in Europe.

voda 20 januari 2023 06:53

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Nucor Launches Elcyon Plates for Offshore Wind Power

Strategic Research Institute
Published on :
20 Jan, 2023, 5:53 am

Charlotte North Carolina headquartered US’s leading steelmaker Nucor has introduced new sustainable heavy gauge steel plate product Elcyon made specifically to meet the growing demands of America's offshore wind energy producers building the green economy and its necessary infrastructure. Nucor will manufacture Elcyon at the company's new, USD 1.7 billion state-of-the-art Nucor Brandenburg steel mill in Kentucky, which produced its first steel plate at the end of December 2022.

Elcyon is a clean, advanced steel product made using Nucor's recycled scrap-based electric arc furnace manufacturing process. Nucor's circular steelmaking route has a greenhouse gas emissions intensity that is one fifth the global blast furnace extractive steelmaking average, based on Scope 1 and 2 emissions. Utilizing Thermo-Mechanical Controlled Processing at the new mill, Elcyon, the only steel of its kind in the United States was created specifically to meet the rigorous quality standards of offshore wind energy designers, manufacturers and fabricators. Along with meeting Euronorm specs, Elcyon is characterized by larger plate dimensions, improved weldability and excellent fracture toughness, as compared to competing products.

Elcyon will be an essential component of the supply chain to continue developing our nation's offshore wind power infrastructure. The recent passage of the Inflation Reduction Act, which included USD 300 billion for clean energy development and climate programs, supports the Biden Administration's goal to build 30 gigawatts of offshore wind power by 2030. This could result in approximately 7.5 million ton of additional steel demand and create enough clean energy to power 10 million homes.

Nucor Steel Brandenburg is the first steel plant in the world to pursue certification under LEED v4 from the US Green Building Council, the highest standard for sustainable building design, construction, and operation. The new mill is located in the middle of the largest steel plate-consuming region in the country and will be able to produce 97% of plate products consumed domestically, with a potential output of 1.2 million tons of steel annually.

voda 20 januari 2023 06:53

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SARRALLE Installs Hydrogen Ready Ladle Preheater at Steel Mill

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

Spanish steel technology supplier SARRALLE has installed the first ladle preheating station capable of running entirely on green hydrogen, achieving zero CO2 emissions in this ladle in a Spanish steel mill. The installation of this ladle preheater station, capable of using green hydrogen, is a highly innovative project. The existing burner that used natural gas as fuel has been replaced by a oxy-combustion burner that can use 100% green hydrogen as fuel. In this way, CO2 emissions are eliminated, as only water vapor is generated in the combustion of green hydrogen. The new burner installed, is a dual burner and it can use natural gas as fuel or mixes of natural gas with hydrogen.

The ladles are auxiliary equipment used in the steel melting plant, and are used to transport cast steel from the furnace to the casting area. SARRALLE is working with several steel manufacturers to adapt their ladle heaters from air combustion to oxy-combustion and to operate with Hydrogen, thus achieving significant energy savings and the reduction of CO2 emissions, and so that once they have a supply of hydrogen in their plants, they can operate with 100% green hydrogen.

The main steelmaking equipment with large natural gas consumptions that can be conditioned to work with green hydrogen are the burners of the Electric Arc Furnace, Ladle Heaters, Tundish Heaters, Continuous Casting Oxyfuel-Cutting and the Rolling Mill Reheating Furnace . SARRALLE offers oxy-combustion and hydrogen technology applicable to all these equipment, thus enabling savings in natural gas consumption and the total decarbonization.

voda 20 januari 2023 06:54

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British Steel’s Scunthorpe Mill Celebrates Golden Anniversary

Strategic Research Institute
Published on :
20 Jan, 2023, 5:56 am

British Steel has marked 50 years of operation since the first steel was rolled at of Scunthorpe Rail & Section Mill Areas 1 & 2. Part of one of the largest investments for what was then the British Steel’s Scunthorpe site, the Anchor Project cost around GBP 235 million. The scheme included building what, at the time, was one of Europe’s largest steelmaking plants as well as the Continuous Casting Plant, the mile-long Bloom and Billet Mill and the Medium Section Mill, as well as provision for ore reception and blending facilities at the Ore Preparation Plant. At the same time, an iron ore terminal was developed at Immingham to receive materials for transfer to the integrated site in Scunthorpe.

The project started in February 1970 and the new facilities were brought online over the following years with the MSM rolling its first sections on 15 January 1973. The Concast Plant was the last major section of the Anchor Project to be completed with full commissioning on 31 March 1974. On 6 May that year, HM Queen Elizabeth II officially opened the new facilities with HRH The Duke of Edinburgh.

When first built, the MSM was located alongside the BBM and could produce 475,000 tonnes of sections per year including angles, channels and joists. The production process started with blooms being received directly from the BBM, which were initially reheated in 2 walking beam furnaces before rolling through 2 2-high reversing stands and a 7-stand continuous mill. Three edging stands were added for rolling flats.

voda 20 januari 2023 06:54

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AMNS India’s Proposal for Steel Plant in Odisha Approved

Strategic Research Institute
Published on :
20 Jan, 2023, 5:56 am

The High Level Clearance Authority of Odisha led by Chief Minister Mr Naveen Patnaik has approved nine investment projects worth INR 1.53 lakh crore. The HLCA has given a go-ahead to four projects in the green energy and equipment sector, two projects in the paper industries, two projects in the steel sector and one project in the IT infrastructure sector. The project intents were received during the Make in Odisha Conclave 2022.

The proposal of AMNS India plans to set up a 7 million tonne per annum steel plant in Jagatsinghpur district of Odisha with an investment of INR 38,000 crore has been approved.

ArcelorMittal had in 2006 signed an MoU with the government to set up a 12-million tonne steel plant in four phases at Keonjhar with an investment INR 50,000 crore. ArcelorMittal however withdrew from the project due to protests by local people and the state government’s failure to recommend a mining lease in favor of the company.

The proposal of Rungta Metals for the expansion of its integrated steel plant from 0.5 million tonne per annum to 1 million tonne per annum in Rairangpur of Mayurbhanj district with an investment of INR 1,140 crore.

voda 20 januari 2023 06:55

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Councilor Seeks Privatization of Liberty Steel Rotherham

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

Yorkshire Post has reported that Rotherham Councilor Mr Michael Bennet-Sylvester has called for industries such as steelworks to be bought back into public ownership, following the announcement that jobs may be lost at Liberty Steel. Councilor Mr Sylvester during a council meeting on 18 January “All our thoughts are with those affected at Liberty, following the company’s announcement of 440 potential redundancies, including 185 potentially in Rotherham. The company is undertaking a 45 day consultation period, and council officers have met with senior members of staff to identify the support that the council may be able to offer individuals who are affected. This is incredibly unwelcome news at what is already a very difficult time for the local economy.”

Mr Sylvester urged that “Strategic industries such as steel should be under public ownership, not individual ownership, and if something can’t be resolved that’s something the company should look at.”

Liberty Steel has recently announced it is set to make 440 redundancies in UK due to challenging market conditions, including 185 in Rotherham.

voda 20 januari 2023 06:56

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Indian Steel Makers Seek Trade Measures against Imports

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

Business Steel has reported that Indian steel makers have sought suo moto safeguard in terms of import duty of up to 25% on ad-valorem basis, in the forthcoming union budget. In a representation to the finance ministry, the domestic steel makers have also sought reinstatement of anti-dumping measures on HR coil, sheets and plates as well as color coated and wire rods.

The industry has also urged upon the finance ministry to increase the basic customs duty to 12.5% on ad-valorem basis for all steel products including semis, flats and longs.

In addition to this, the steel makers have also sought inclusion of import of steel products in Quality Control Order and requested the government to channelize all non-prime steel products to be channelized through select ports for 100% testing and inspection.

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