Beursonline.nl

voda 9 februari 2023 07:18

0

Ruling Party Steps In to Save SAIL VISL

Strategic Research Institute
Published on :
9 Feb, 2023, 5:54 am

PTl has reported that Karnataka Chief Minister Mr Basavaraj Bommai has promised to a delegation of workers from Steel Authority of India Limited’s Visvesvaraya Iron & Steel Limited that all efforts would be made to save the Visvesvaraya Iron & Steel Limited at Bhadravati. Mr Bommai told “The VISL has been an important factory. Several PSUs had been shut down due to globalization. Thanks to former Chief Minister BS Yediyurappa, the VISL has survived so far. The closure process of this factory has been initiated by the Central Government under the disinvestment scheme and this is a matter of concern.”

He also said “The VISL must survive and efforts will be made to have it functional. Firstly, the government will try to stop the closure process and then it will hold talks with other companies. Former Prime Minister Mr HD Deve Gowda had recently written to Prime Minister Mr Narendra Modi requesting him to instruct the Ministry of Steel and the Steel Authority of India Limited authorities to drop the proposal for closure of VISL.”

Karnataka Leader of the Opposition Mr Siddaramaiah too has also written to Mr Modi opposing and condemning the closure of the VISL in Shivamogga, which he said would lead to loss of livelihood for thousands of families.

voda 9 februari 2023 07:20

0

Voestalpine Reports Strong Results for 9 Months

Strategic Research Institute
Published on :
9 Feb, 2023, 5:55 am

Austrian steelmaker voestalpine has reported that its revenue for April 1 to December is 29% higher YoY at EUR 13.6 billion, revenue for Q1 to Q3 2022/23 is 29.3% higher than in the previous year, EBITDA climbed by 23% YoY to EUR 1.9 billion and profit after tax at EUR 864 million as compared to EUR 698 million in prior year. Voestalpine said “It profited from its global positioning and industry diversification in the first three quarters, allowing it to generate very good results compared to the previous year in an overall challenging environment.”

Voestalpine said “In the first nine months of the current business year, performance was particularly good in the energy sector, with international demand for voestalpine products continuing to grow, also in the solar industry. The clearly positive trend of the first three quarters was also reflected in the aerospace segment, primarily driven by increasing demand for single aisle aircraft used in regional air traffic. In the reporting period the Railway Systems business segment profited in particular from the high demand for rails in the core European markets. Demand for turnouts remained solid outside Europe. By contrast, the white goods and consumer goods industry as well as the construction industry had to contend with slowing momentum. The automotive industry continued to be hampered by ongoing supply chain bottlenecks. In Europe, there was no significant increase in call-ups from automotive customers. The business environment at the Group’s facilities overseas was better, with generally favorable economic conditions especially in China. In the storage technology segment, the first nine months of the business year continued to enjoy a solid basis.”

Outlook “While the uncertainties in Europe still outweigh those elsewhere, especially owing to the war in Ukraine, the forecasts for North America now only expect a mild recession, if that. Brazil elected a new president, but the country’s future economic policies are still not clear, even though the current environment is very stable. Economic developments in China at this time are being shaped by the complete reversal of the country’s COVID policies. A massive wave of COVID-19 infections already engulfed the country toward the end of the reporting period; its economic ramifications are likely to affect the fourth business quarter also.”

Voestalpine added “As far as markets are concerned, the upward trend in the energy and aerospace segments is expected to continue during the remainder of the business year 2022/23. Railway infrastructure is also expected to continue benefiting from very good demand. Developments in the automotive industry, which has still not been able to really solve its supply chain problems, will largely remain stable. This forecast also applies to the mechanical engineering industry, which continues to benefit from very strong order levels. The consumer goods industry already weakened substantially in the course of the reporting period, and demand in this sector is expected to be lower overall in the company’s last business quarter. Slowing demand in the construction industry is likely to continue in the fourth business quarter.”

voda 9 februari 2023 07:25

0

RINL Merger with SAIL or NMDC Proposed to Steel Ministry

Strategic Research Institute
Published on :
9 Feb, 2023, 5:55 am

India’s Minister of State for Steel Mr Faggan Singh Kulaste confirmed in Rajya Sabha that the government has received various representations to merge RINL with SAIL or NMDC. To a question that if any representations from political parties and others have been received by the government to merge RINL either with Steel Authority of India Ltd or National Mineral Development Corporation, the minister replied in affirmative.

The minister also said that there are no plans of RINL raising funds through an initial public offering and issuing of government bonds for collateral-free loans.

Media reports say that BJP’s Rajya Sabha member Mr GVL Narasimha Rao has appealed to the Union Minister of Steel Mr Jyotiraditya Madhavrao Scindia to provide financial assistance to RINL Visakhapatnam Steel Plant. Mr Narasimha Rao said that “All the key issues related to the Visakhapatnam Steel Plant were brought to the notice of the Steel Minister with the intention of protecting the steel plant from financial crisis as well as loan facility for the plant, wage revision to the workers and restarting of the third furnace, which remained shut due to lack of oxygen supply.”

Indian government is working out the transaction structure for the strategic sale of Visakhapatnam-based RINL, having a capacity of over 7 million tonne per annum. At present, Rashtriya Ispat Nigam Ltd has strength of 4,875 executives and 10,005 non-executive employees,.

voda 9 februari 2023 07:26

0

India’s Steel Ministry Commited to Green Steel Targets

Strategic Research Institute
Published on :
9 Feb, 2023, 5:56 am

India’s Minister of State for Steel & Rural Development Mr Faggan Singh Kulaste informed Lok Sabha that Ministry of Steel is committed to Net-Zero targets by 2070.

Towards this, in short term (FY 2030), reduction of carbon emissions in steel industry through promotion of energy and resource efficiency, use of renewable energy etc is the focus.

For the medium term (2030-2047), Green Hydrogen and Carbon Capture, Utilisation and Storage (CCUS) technologies are the focus areas to reduce carbon emission.

For long term (2047-2070), disruptive alternative technological innovations can help achieve the transition to net-zero.

For this purpose, Ministry of Steel is continuously engaging with various stakeholders and members of steel industry for deliberations to assess technology adoption, usage of efficient raw material such as scrap, carbon capture technologies and green hydrogen.

Commercial production of steel using green hydrogen has not started in the country. However, following 2 pilot projects on CCUS have been undertaken

1. Tata Steel commissioned a 5 tonnes per day carbon capture plant at its Jamshedpur Works.

2. JSW Steel has implemented carbon capture and storage facility with 100 tonnes per day capacity at its Direct Reduced Iron plant at Dolvi. The captured carbon is to be utilized in food and beverages industry.

Further, Kalyani Group has recently pioneered the production of green steel and launched its two green steel brands, namely, KALYANI FeRRESTA and KALYANI FeRRESTA PLUS, with reduced emissions due to usage of 70% scrap and renewable energy in Electric Arc Furnace.

Other steps taken in the country for promoting decarbonization in steel industry include:

(1) Steel Scrap Recycling Policy, 2019 enhances the availability of domestically generated scrap to reduce the consumption of coal in steel making.

(2) Ministry of New and Renewable Energy has announced National Green Hydrogen Mission for green hydrogen production and usage. The steel sector has also been made a stakeholder in the Mission.

(3) Motor Vehicles (Registration and Functions of Vehicles Scrapping Facility) Rules September 2021 shall increase availability of scrap in the steel sector.

(4) National Solar Mission launched by MNRE in January 2010 promotes the use of solar energy and also helps reduce the emission of steel industry.

(5) Perform, Achieve and Trade scheme, under National Mission for Enhanced Energy Efficiency, incentivizes steel industry to reduce energy consumption.

(6) The steel sector has adopted the Best Available Technologies available globally, in the modernization & expansions projects.

(7) Japan’s New Energy and Industrial Technology Development Organization Model Projects for Energy Efficiency Improvement have been implemented in steel plants.

The emissions from iron and steel sector as reported by Ministry of Environment, Forest and Climate Change in India’s first, second and third Biennial Update Reports to the United Nations Framework Convention on Climate Change for the years 2010, 2014 and 2016 were 95.998 million tonnes CO2, 154.678 million tonnes CO2 and 135.420 million tonnes CO2, respectively.

voda 9 februari 2023 07:27

0

Russian Mills Continue Steel Export to Western World

Strategic Research Institute
Published on :
9 Feb, 2023, 5:56 am

British INews has reported that millions of tonnes of Russian steel has been imported into the UK, the European Union and the US since the war in Ukraine started due to loophole in global sanctions against Russia following its invasion of Ukraine almost a year ago permitted nations to continue to pay Russian producers billions of dollars for a wide variety of metal products as long as they were ordered before mid-March 2022. As a result, figures for Russians metals imports for the nine months following the outbreak of the war remained at around half of the monthly imports before the invasion.

The report citing data from industry source The Metal Expert as saying that “Europe and the US imported just under 4 million tonnes of Russian metal products from the beginning of March to the end of November 2022. While this represents a significant fall on the 7 million tonnes imported during the same period in 2021, it means that the Russian metal industry was still exporting in the nine months after the war started, 57% of the level it did before.”

While the UK and US reduced their metals imports from Russia by more than 80% in the nine months after the war began, Belgium reduced its dependence by just 37%. Belgium was the biggest European importer of Russian metals before the Ukraine conflict began and continued to be so in the nine months after, buying almost half of all the metal sold in Europe and the US.

Belgium is home to a plant owned by Novolipetsk Steel. Located in La Louvière near Brussels, the NMLK plant focuses on the production of hot- and cold-rolled coils that are used in automotive and construction industries. The plant has a production capacity of almost 3 million tonnes of steel that finds its way into the automotive sector, construction and is used in the production of pressured vessels used to hold gas, oils and fuels.

A leading European metals trader told “None of these imports are illegal because the EU sanctions permitted businesses to order Russian source metals until mid-March last year. Indeed, many metals from Russia continue to be exempt from sanctions across EU, the UK and US. The problem with it is that while the West arms Ukraine in its fight to defeat the Russian invaders, it is also pumping billions of dollars into the Russian economy.”

The report has echoed views of Ukrainian Metinvest Group’ CEO Mr Yuriy Ryzhenkov in an interview with The Telegraph. He has told “Some sanctions, in my opinion, do not work properly, for example, sanctions on the import of steel semi-finished products to Europe. There is not even a loophole, but a quota for Russians for the next two years for the supply of semi-finished products, for example, from steel, without any restrictions. And this quota is approximately equal to the average volume of supplies of Russian semi-finished products to the EU over the past five years.”

voda 9 februari 2023 07:27

0

POSCO's Venture with Adani Seen as risk to Credit Rating

Strategic Research Institute
Published on :
9 Feb, 2023, 5:57 am

Korea Times has reported that S&P Global Ratings has warned that South Korean steelmaker POSCO may face risks in its credit rating, if the steelmaker continues to push ahead with business cooperation with India's Adani Group. S&P Director Mr Park Jun-hong told Korea Times “POSCO's memorandum of understanding with Adani is non binding and the Korean firm's investment plan in India has not materialized yet, so at this moment, the crisis seems to have a limited impact on POSCO's credit rating. If POSCO begins the investment, however, it could face a huge risk. S&P will keep a close watch on whether POSCO will begin to spend cash for its cooperation with Adani. S&P will monitor how much money the steelmaker will spend in India and how it will raise the money.”

Another US credit ratings agency Moody's Investors Service responded similarly. Moody's Investors Service Assistant Vice President Mr Sean Hwang told The Korea Times “The recent significant and rapid decline in the market equity values of the Adani Group companies has no material impact on POSCO. While POSCO has partnered with Adani Group in exploring an opportunity to build a new steel plant in India, the engagement remains at the MOU stage.”

In January 2022, POSCO and Adani Group signed a non-binding MOU to invest USD 5 billion in various business opportunities, including the construction of an integrated steel mill utilizing renewable energy resources and green hydrogen. POSCO Group Chairman Mr Choi Jeong-woo had said at the time “POSCO and Adani are able to come to great synergy in the steel and eco-friendly business with POSCO's state-of-the-art technology in steel making and Adani's expertise in energy and infrastructure.”

Adani was hit hard recently by US short seller Hindenburg Research's claim that it has been involved in widespread corporate malfeasance, including market manipulation and accounting fraud. Even after Adani affiliate stocks plunged on 24 January in the wake of Hindenburg's claim, POSCO's holding firm said during a conference call on its fourth-quarter earnings on 27 January that the steelmaker has solved various problems regarding its joint venture with Adani one by one.

voda 9 februari 2023 07:28

0

SAIL RSP Continues to Register Strong Performance

Strategic Research Institute
Published on :
9 Feb, 2023, 5:57 am

Steel Authority of India Limited’s Rourkela Steel Plant has registered good performance in key areas in the first 10 months from April- January in the Financial Year 2022-23. RSP produced 3.588 million tonnes of hot metal, 3.376 million tonnes of crude steel and 3.132 million tonnes of saleable steel to clock its best April-January performance in the respective areas since inception. The earlier best April- January performance in all these key areas was achieved in FY 2021-22.

January 2023

HSM 2 – 198,390 tonnes of HR Coils, best monthly performance in January 2023 thereby improving upon its earlier best monthly production of 197761 tonnes achieved in December 2022.

New Plate Mill –83,698 tonnes of plates surpassing its earlier best January performance achieved in 2019.

voda 9 februari 2023 07:28

0

Steel Market Players Assessing Impact of Turkish Earthquakes

Strategic Research Institute
Published on :
9 Feb, 2023, 5:58 am

After several major earthquakes hit Turkey on Monday & Tuesday, rescue efforts are on to save lives with death toll crossing 12,000 at the time of writing, assessment of damage has started. With the incident being so fresh, it is impossible to clearly assess its impact on the steel market. Prima facie steel mills in tremor hit Iskenderun region in south east of Turkey are reported to have escaped serious damages; Iskenderun’s port is reported to have shut down operations after sustaining damage. The coming days should bring more clarity, for now, everyone’s thoughts are with those affected.

But as the earthquake happened at a region that is heavily involved in steel production where lots of small to large sized integrated mills and re-rollers are located accounting for about 25% of Turkey’s total production of 35 million tonne, steel production is likely to be disrupted for some time as well as steel scrap import market may get disturbed. As a result market players are examining impact on global steel markets

The first opinion is that this could lead to reduction in Turkish demand for scrap, pressuring scrap import benchmark. But we need to wait to see the outcome as Iskenderun steel mills only account for 18% of Turkey scrap imports since April 22 and cancellations also not expected with very small damage to mills & bulk terminals

As Turkey is a major steel exporter with almost 20 million tonnes in 2022 mainly to Europe, MENA & US, the question is will steel export be impacted and for which markets and products. Market insiders say that disruption is likely to be minimal for flat steel products as major exporters are based in East part or at Black Sea, which are not impacted

As almost 80% of mills in the region are long steel producers, there will be a reduction in long steel availability in immediate terms, tightening the long steel market and supporting export prices from the Turkey

Earthquakes are not uncommon in Turkey. Most of the country is situated on the Anatolian Plate, which borders two major fault lines: the North Anatolian fault and the East Anatolian fault. The East Anatolian Fault is a major strike-slip fault zone running from eastern to south-central Turkey. It forms the transform type tectonic boundary between the Anatolian Plate and the northward-moving Arabian Plate. The difference in the relative motions of the two plates is manifest in the left lateral motion along the fault. The East and North Anatolian faults together accommodate the westward motion of the Anatolian Plate as it is squeezed out by the ongoing collision with the Eurasian Plate. The East Anatolian Fault runs in a northeasterly direction, starting from the Maras Triple Junction at the northern end of the Dead Sea Transform, and ending at the Karliova Triple Junction where it meets the North Anatolian Fault.

voda 9 februari 2023 10:54

0

Indian HRC export offers gain amid euro-dollar volatility
212 Views

The recent volatility of the dollar versus the euro helped Indian hot rolled coil exporters conclude deals in Europe last week at fairly high prices. Indian mills now aim to further hike HRC prices to Europe, contrary to the sluggish market sentiment prevailing in the eastern hemisphere, sources tell Kallanish.

Last week, a tier-1 Indian mill sold 10,000 tonnes of structural grade HRC to Italy and Antwerp at $800-805/tonne cfr, netting back to $750-760/t fob India for end-March/April shipment. "This deal was done last week when USD depreciated to around 1.10/EUR and European buyers accepted this offer, with India considering no marginal loss in EUR realisations," informs a source. "However, since this deal, Indian sellers are mulling a further hike, but this is tricky as the majority of European buyers have done their restocking."

This week, Indian HRC offers have surged to $810-815/t cfr Europe; however, no new deals have been confirmed.

Offers to the Gulf Cooperation Council are meanwhile being heard at $740/t cfr GCC. However, the sluggish sentiment developing in China has made buyers cautious, and they are now preferring to wait and watch the market. Last week, a deal for 20,000-25,000 tonnes of re-rollable grade HRC was concluded by an Indian major at $745-750/t cfr Abu Dhabi for March shipment.

"Falling Chinese futures have confused buyers in the GCC as they were expecting a price hike by China after the New Year holidays but, conversely, the opposite happened in the market," opines a mill source. "We were expecting a lot of buying activity to happen in the GCC market, but now a majority of buyers have postponed their purchases and are observing the market trend."

Last week, Indian mills raised their domestic HRC offers to INR 59,500-60,000/t ($720) ex-Mumbai for E-250 grade HRC and INR 62,500-63,000/t ex-Mumbai for E350.

However, market participants are questioning whether the attempted price hike to Europe will be accepted by buyers now amid sluggish sentiment in China and not-so-aggressive demand in Europe following the recent restocking.

The recent hike in coking coal prices to around $350/t fob Australia and strong iron ore sentiment are anticipated to offset the sluggishness in Chinese futures and hence support HRC prices. The majority of participants nevertheless do not feel the market will go up as the Indian price hike is not demand-oriented but sentiment-oriented, which is not expected to sustain for long.

Lastly, the recent hike by mills in India’s domestic market indicates they still have an option to sell HRC in India, if exports do not work out. Moreover, sources also inform that Indian mills do not have much export allocations remaining for this fiscal year ending 31 March 2023, so they will try to sell small quantities at higher prices.

Sayed Aameer India

voda 10 februari 2023 07:29

0

JFE Steel Acquires ISO 45001 Certification for All Plants in Japan

Strategic Research Institute
Published on :
10 Feb, 2023, 5:06 am

Japan’s second largest steelmaker JFE Steel has announced that its East Japan Works in Keihin Area and Steel Bar & Wire Rod Division at its Sendai Works and have been certified under the ISO 45001 (JIS Q 45001) international standard for occupational health and safety management systems by JIC Quality Assurance.

Sendai Works Steel Bar & Wire Rod Division

Production of steel bars, wire rods, and steel blooms and billets

East Japan Works Keihin

Production of iron & steel

This now completes ISO 45001 certification of six of the company’s works, also including Chita Works, West Japan Works in Kurashiki and Fukuyama areas and East Japan Works in Chiba Area. JFE Steel is committed to continuously and effectively implementing compliant occupational health and safety management to maintain safe and healthy workplaces.

The ISO 45001 standard, introduced by the International Organization for Standardization in March 2018, is a framework for activities implemented systematically, continuously and voluntarily, including declarations by the operator’s senior management regarding the company’s health and safety policies; investigations of hazards and/or harmful events and measures taken in response thereafter; setting health and safety targets; and preparation, implementation, evaluation and improvement of health and safety plans.

Based on the core principle that safety takes precedence over everything else, all employees at the company’s steel mills and manufacturing plants take part in maintaining safe and healthy workplaces. To ensure autonomous and systematic management of such occupational issues companywide, JFE Steel establishes and maintains extensive procedures in compliance with ISO 45001.

voda 10 februari 2023 07:30

0

Steel Dynamics Appoints Mr Barry T Schneider as President & COO

Strategic Research Institute
Published on :
10 Feb, 2023, 5:06 am

Fort Wayne Indiana headquartered US’s leading steelmaker Steel Dynamics has announced that the company’s board of directors approved the appointment of Mr Barry T Schneider to the newly created position of President & Chief Operating Officer of the company, effective 1 March 2023.

In his new role, Mr Schneider will continue to fulfill his current responsibilities and also assume responsibility of the company’s long products steel group, steel fabrication platform, and metals recycling platform, and as such, Senior Vice President Long Products Steel Group, & President of the long product steel companies Mr Chris Graham, Senior Vice President Metals Recycling & President of OmniSource Mr Miguel Alvarez and Senior Vice President Steel Fabrication & President of New Millennium Building Systems Mr Jim Anderson. Mr Schneider will report to company’s Chairman & Chief Executive Officer Mr Mark D Millett in his new role.

Mr Schneider has been an integral participant in the growth of the company’s steel operations. Mr Schneider, a 28-year veteran of the company, has been its Senior Vice President Flat Roll Steel Group since March 2016, responsible for the company’s flat roll steel operations, comprised of three steel mills and numerous processing and value-added coating lines. Before that, Mr Schneider served in various operational and leadership roles within the company’s steel operations, including its Engineered Bar Products and Butler Flat Roll divisions. Mr Schneider has been involved in numerous construction and startup projects and was also part of the team that constructed the company’s first steel mill in Butler, Indiana, in 1994.

Mr Schneider earned a bachelor’s degree in mechanical engineering and a master of science in engineering management from Rose-Hulman Institute of Technology. He also received an Executive Certificate in Technology, Operations, and Value Chain Management from the MIT Sloan School of Management. In addition, Mr Schneider serves as a director for the Association of Iron & Steel Technology.

Steel Dynamics is one of the largest domestic steel producers and metals recyclers in the United States based on estimated annual steelmaking and metals recycling capability, with facilities located throughout the United States, and in Mexico. Steel Dynamics produces steel products, including hot roll, cold roll, and coated sheet steel, structural steel beams and shapes, rail, engineered special-bar-quality steel, cold finished steel, merchant-bar products, specialty steel sections and steel joists and deck. In addition, the company produces liquid pig iron and processes and sells ferrous and nonferrous scrap.

voda 10 februari 2023 07:31

0

Tenova Installs New EAF at Valbruna ASW’s Welland Plant in Canada

Strategic Research Institute
Published on :
10 Feb, 2023, 5:07 am

Techint Group’s leading steel technology supplier Tenova has recently completed the successful start-up of the new 70 ton EAF at stainless steel Valbruna ASW’s plant in Welland in Ontario in Canada. Tenova’s latest generation EAF unit has replaced an older EAF vessel. The spout shape of the new furnace will provide an increase in melt shop productivity as well as an improvement to the production reliability of manufacturing specific high-quality steel and stainless steel grades.

The scope of supply also included associated auxiliary equipment, the innovative TDRH 4.0 (Tenova Digital Regulator and Harmonics) electrode regulation system, the KT (Koester Technologies) chemical injection system, a ladle-charging material handling system and complete EAF automation. The KT chemical injection system is designed to fit the wide range of process needs, balancing the energy distribution and increasing the efficiency and productivity. The new automation system provides several advantages which will increase the efficiency of the plant.

The system will guarantee the correct execution of the working cycle in relation to the production of different steel grades, while optimizing the parameters and storage of production data. The system is also designed to comply with all safety standards.

voda 10 februari 2023 07:33

0

ArcelorMittal Spain Restarts ACB Plant for a Week

Strategic Research Institute
Published on :
10 Feb, 2023, 5:07 am

CRONICA VASCA has reported that ArcelorMittal’s Acería Compacta de Bizkaia plant in Sestao in Spain will resume production on 11 February to process one order of hot rolled pickled & oiled coils through the electric arc furnace but will shut down again on the 17 February and for now there is no date for sustained production over time.

ACB Sestao was halted last August for maintenance, but the forecast for lower demand has prompted the steelmaker to delay the resumption of activities.

Having received the first go-ahead from Europe, the Austrian administration has begun the environmental permits to start up the new green steel mill in Gijon that will green steel produced with green hydrogen to Sestao. For now ArcelorMittal maintains the roadmap that would lead the ACB to work at full capacity of 1.6 million tonnes in 2025, becoming the first steel mill with zero emissions.

cronicavasca.elespanol.com/empresas/a...

voda 10 februari 2023 07:34

0

Ms Badenoch Fuels Fears over Collapse of UK’s Steel Industry

Strategic Research Institute
Published on :
10 Feb, 2023, 5:08 am

The SkyNews has reported that UK’s New Business Secretary Ms Kemi Badenoch has fuelled fears about the collapse of British steel industry. Asked by Sky News whether the UK always needed a steel industry, she said “Nothing is ever a given. She needs to sit down and look at what exactly has been going on with steel from a business perspective and an industry perspective.”

Opposition Labor Party’s Shadow Business Secretary Mr Jonathan Reynolds hit back “Comments like this show how out of touch and lacking in ambition the Conservatives are for British industry. Steel is integral to the net-zero transition, our national security and manufacturing base as well as being the bedrock of many communities across the UK. Labor will partner with the steel industry to deliver green steel and keep jobs in the UK for decades to come.”

Labor MP for Aberavon constituency Mr Stephen Kinnock said “Kemi Badenoch is a Brexit supporter, but she clearly doesn’t believe in strengthening Britain's ability to stand on its own two feet, given that failing to support Britain's steel industry would be a hammer blow to our sovereign capability. Her words are also a kick in the teeth for firms determined to transition to green steel, and for the tens of thousands of steelworkers, their families and communities who are reliant on these well-paid meaningful jobs.”

Community steelworkers’ union general secretary Mr Roy Rickhuss said “Minister Badenoch may wish to forget the past but steelworkers remember well the promises that were made to them by Conservative prime ministers that leaving the EU will lead to stronger support for our steel industry on issues like energy costs and procurement. The Minister should take note of the repeated commitments her Government colleagues made to the industry from the dispatch box. Our ability to produce steel here in the UK is absolutely critical for our sovereign capabilities and economic growth, but this vital industry is now at risk because of Government negligence. Losing our proud steel industry and the tens of thousands of jobs it provides only to rely on cheap imports from countries that don’t play by our rules like China and Turkey will be nothing short of betrayal.”

UK Steel Director-General Mr Gareth Stace said “We look forward to working with the Business and Trade Secretary of State on the strategic nature of the UK steel industry and its importance to national economic resilience and meeting net-zero ambitions.”

voda 10 februari 2023 07:34

0

EUROFER Welcomes ITRE Reports on Hydrogen Priority for Green Steel

Strategic Research Institute
Published on :
10 Feb, 2023, 5:08 am

The European Steel Association EUROFER has welcomed the reports adopted by the European Parliament’s Industry, Research & Energy Committee ITRE represent a significant step towards industrial Decarbonisation, as they acknowledge the importance of prioritizing hydrogen access for sectors that have the greatest potential for emissions reduction and the largest impact on climate mitigation. EUROFER Director General Mr Axel Eggert said “We welcome the outcome of the ITRE Committee’s work on the Gas Package. Hydrogen will be a game-changer, and the steel sector can lead the Decarbonisation of our economy. It is therefore essential to recognize the role of strategic industries such as steel for the transition by providing them with faster access to fossil-free energy. If steel decarbonizes, many other value chains will follow suit: this is the only way to speed up the advent of the Net-zero Age in the EU.”

Mr Eggert concluded “With the first low-carbon projects starting operations as early as 2025, timely deployment of hydrogen infrastructure and affordable hydrogen prices comparable to those delivered in the U.S. through the Inflation Reduction Act, are critical requirements. Companies investing billions of euros today cannot afford the risk of being ready to start green production without access to hydrogen. The ITRE report contains important elements to prevent such bottlenecks, but more needs to be done to ensure that industrial customers have the right to grid connections. We hope that this issue will be addressed in the next stages of the legislative process.”

Hydrogen will remain a scarce resource for at least the next ten years. A race to the bottom among competing sectors for access to the small volumes available would be detrimental to the EU’s climate targets. By enshrining the principle of prioritizing hydrogen access where it is most needed and most efficiently used, the Gas Package rapporteurs and the shadow rapporteurs have outlined a viable path for the development of the EU’s hydrogen economy. This would ensure that, in the absence of alternative technologies, sectors that can deliver the highest CO2 abatement per kilogram of hydrogen used would be granted enhanced security of supply.

The steel sector alone has an estimated need for at least 2 million tonnes of hydrogen per year already in 2030, as a feedstock for most of its 60 industrial scale low-carbon projects. This corresponds to about 90 TWh of electricity, if hydrogen is produced through water electrolysis, which is more than Belgium’s yearly electricity consumption.

voda 10 februari 2023 07:35

0

HKM Orders BOF Relining Machine from Primetals

Strategic Research Institute
Published on :
10 Feb, 2023, 5:09 am

German steel producer Hüttenwerke Krupp Mannesmann has ordered an LD converter relining machine from Primetals Technologies. It will replace a 30-year old and outdated machine at HKM’s steel plant in Duisburg in Germany. Startup is scheduled for June 2024. HKM’s decision to award the contract to Primetals Technologies was based mainly on the tailor-made design, which is optimized for HKM’s needs, and successful recent relining machine projects with features such as staff elevators and tailor-made solutions for brick logistics. Primetals Technologies will engineer, manufacture, implement, and provide advisory services for the installation and startup of the new relining machine.

Primetals Technologies did a comprehensive study to find the best relining solution for HKM, one that would meet their needs in terms of state-of-the-art ergonomics, staff access via a separate elevator, and an automated working platform.

As part of the solution, personnel working inside the converter vessel will no longer need to lift the bricks. This is thanks to a semi-automatic system in which two magazine lifts transport the bricks from the depalletizing station and into the converter. A brick manipulator, which is an arm-like robotic device for handling materials, will then automatically discharge the bricks from the magazine lifts onto an extendable roller table. With this logistics concept, the bricks are pushed into their final position without the workers having to lift them. Additionally, a staff elevator ensures that the personnel have easy access to the relining platform.

A detailed safety concept will increase occupational safety during the relining procedure. As an example, a solution for emergency rescue in case of technical issues with the staff elevator will be implemented. Also, Primetals Technologies will install an emergency power unit for use in the event of a power failure.

The new machine will be used for the relining of HKM’s movable converters. The relining procedure is executed on a separate relining stand. When the converter is in place, the relining machine is inserted through the detachable bottom. After the relining procedure is completed, the machine fully retracts and can then easily be moved into its parking position.

The engineering and testing phases will take place in Austria in partnership with leading suppliers and partners. Once manufacturing has completed, the machine will be pre-assembled and tested at the workshop before being transported to Germany.

HKM produces 4 million tonnes of liquid steel annually and employs some 3,000 people. The steel producer operates an integrated plant in Duisburg and produces intermediate products for the processing industry. HKM is owned by Salzgitter, Thyssenkrupp, and Vallourec.

voda 10 februari 2023 07:35

0

Nippon Steel to Issue Green Bonds for NSCarbolex CRNO Steel

Strategic Research Institute
Published on :
10 Feb, 2023, 5:09 am

Japan’s largest steelmaker Nippon Steel has decided to issue unsecured straight corporate green bond in the Japanese market through a public offering and filed an Amended Shelf Registration Statement for the Issuance of the Green Bond with the Kanto Local Finance Bureau on 9 February 2023. The proceeds of this issuance will be used to finance production facilities, research and development expenses, and other related expenditures for CRNO electrical steel sheets for eco-friendly car motors, which is part of the advanced products and technical solutions that contribute to reducing CO2 emissions in NSCarbolexTM Solution.

The world is rapidly moving toward decarbonization, and regulations for CO2 emissions and average fuel economy for vehicles have been tightened. Amid that environment, demand for eco-friendly cars such as EVs is accelerating and, with regard to CRNO electrical steel sheets used in the core of eco-friendly cars, the need for higher-grade NO electrical steel sheets with less energy loss is anticipated to further increase.

Nippon Steel was the first company to develop high-grade materials that are required to meet the contradictory characteristics of low iron loss, high magnetic flux density, and high strength, and has been steadily supplying them for eco-friendly cars for many years. By November 2021, we had already decided to invest a total of JPY 123 billion in facilities to improve the capacity and quality of electrical steel sheets in the Hirohata Area of Setouchi Works and the Yawata Area of Kyushu Works and have been proceeding with construction. In the first half of fiscal 2024, production capacity for electrical steel sheets is expected to increase 1.5 times from the current level, and production of high-grade electrical steel sheets, in particular, is expected to increase 3.5 times.

voda 10 februari 2023 07:36

0

EUROFER Expects Automotive Growth in 2023 at 1.1%

Strategic Research Institute
Published on :
10 Feb, 2023, 5:10 am

European Steel Association EUROFER in latest Economic & Steel Market Outlook 2023-24 has outlined that European automotive industry after a severe slump of 19% in 2020 due to the impact of the pandemic & modest rebound of 3% in 2021, is expected to experience growth again, albeit moderately, in 2022 at 2.7%, revised upwards from minus 1.7%, mostly as a result of the rebound from the very low output levels seen for several quarters since 2021. Growth is expected to continue, albeit more moderately, also in 2023 at 1.1%, provided that war related disruptions and uncertainty will ease substantially as a result of an improved economic and industrial outlook. However, output levels will remain rather low in historical terms and the sector will continue to be exposed to external factors, with a drop in output, albeit modest, foreseen for 2024 at minus 0.6%.

EUROFER said “Major downside factors are expected to persist at least until the second quarter of 2023. In addition, subdued consumer confidence, due to modest disposable income developments, has continued to impact car demand since the second half of 2018.

Overall, in 2022 the number of newly-registered passenger cars dropped by minus 4.6%, mainly due to the impact of component shortages in the first half of the year. Although the market improved from August to December 2022, cumulative volumes stand at 9.3 million units, the EU's lowest level since 1993. Commercial vehicle registrations dropped as well minus 15.6% in the first eleven months of 2022 compared to the same period of the previous year, recording also a year-on-year drop in November of minus 0.67%

EUROFER said “Ongoing disruptions on the supply side, in particular the shortage of semiconductors, as well as the unprecedented hike in energy prices, went on taking a considerable toll on the automotive industry during 2022. This situation also contributed to continued depressed demand and consumer uncertainty. Supply chain issues and war-related disruptions, coupled with low consumer confidence and squeezed incomes due to high inflation and war-related economic uncertainty, have continued to weighing on vehicle output.”

voda 10 februari 2023 07:36

0

Kobe Steel Reports 12% Slide in Profit in Apr-Dec’22

Strategic Research Institute
Published on :
10 Feb, 2023, 5:10 am

Japan's third-biggest steelmaker Kobe Steel has posted a 12% YoY drop in April-December net profit at JPY 47.5 billion as margins for aluminum rolled products, advanced materials, and construction machinery deteriorated from a year before on rising energy costs even though sale was higher by 20% JPY 1.8 trillion due to stronger steel prices

However, Kobe Steel has raised full year net profit forecast by 38% to JPY 62 billion as it expects higher metal prices to offset lower sales volumes. Kobe Steel said “Steel metal spreads are expected to improve significantly from the previous forecast due to progress in improving selling prices, lower prices of main raw materials.”

Kobe Steel also forecast its sales at JPY 2.49 trillion in the fiscal year ending on 31 March 2023, down 2% from its November prediction, mainly due to a decline in overseas car production amid continued shortage of chips.

voda 10 februari 2023 07:37

0

Beltrame Starts New Furnace at Laminés Marchands to Cut Emissions

Strategic Research Institute
Published on :
10 Feb, 2023, 5:11 am

Les Echos has reported that Italy headquartered leading European steelmaker AFV Beltrame Group has started the new reheating furnace at its merchant bar facility Laminés Marchands in Trith-Saint-Léger in France on 9 February. The equipment replaces an outdated furnace, for an investment of EUR 22 million in the framework of the steelmakers’ major commitment to reduce its CO2 emissions by 40% by 2030 compared to 2015 for all European plants. AFV Beltrame Group’s Managing Director France Mr Carlo Beltrame said “We already have a low level of CO2 compared to the primary sector. But the challenge is to go further to reduce the carbon footprint with an investment plan.”

Considering the Scope 1 CO2 emissions, the French site is currently the best-performing plant of the group. The new furnace has an increased performance and significantly reduced energy consumption needing 17% less gas compared to the dismantled reheating furnace. This translates into a 6% fall in the plant’s CO2 emissions.

AFV Beltrame is launching its “Chalibria” carbon-neutral steel, for the upstream Scope 1, 2 and 3 emissions in the “cradle-to-gate” value chain. The Chalibria project started two years ago following a three-step Decarbonisation approach: measuring CO2 emissions, identifying actions and reducing emissions. This approach led to the definition of a Decarbonisation plan that includes a list of new investments to be deployed across the group’s facilities in Italy, France, Switzerland and Romania by 2030. The calculation of the Scope 1+2+3 carbon footprint of Chalibria are verified by independent certification body RINA, in accordance with ISO14064-1. Chalibria’s carbon neutrality is achieved by offsetting CO2 emissions through the purchase of carbon credits on a voluntary basis, in line with the PAS2060 (specification for the demonstration of carbon neutrality) certification.

Vertraagd	24 feb 2025 16:20
Koers	26,830
Verschil	-0,220 (-0,81%)
Hoog	27,020
Laag	26,600
Volume	973.710
Volume gemiddeld	2.637.315
Volume gisteren	1.778.340

11 feb	Von der Leyen verwerpt Amerikaanse im...	2
10 feb	Trump dreigt met importheffingen op s...
09 feb	ArcelorMittal en Aperam weekwinnaars
07 feb	Deutsche Bank verhoogt koersdoel Arce...
06 feb	Beursblik: ArcelorMittal overtreft ve...
06 feb	AEX opent waarschijnlijk hoger. Let o...	2
06 feb	ArcelorMittal ziet verlies afnemen	1
05 feb	Beursblik: beter vierde kwartaal bij ...
03 feb	Deze 5 aandelen kunnen deze week voor...
03 feb	Video: optimisme beursexperts volledi...	1

Arcelor Mittal « Terug naar discussie overzicht

Nieuws en info hier plaatsen (deel 4)

Meedoen aan de discussie?

Direct naar Forum

Detail

ArcelorMittal nieuws meer