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voda 1 maart 2023 07:24

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ArcelorMittal Germany Ramps up Production Faster than Plan

Strategic Research Institute
Published on :
1 Mar, 2023, 6:45 am

The Welt has reported that due to the easing in electricity and gas prices, the steel manufacturer ArcelorMittal Germany is adjusting its production and getting its plant in Hamburg up and running faster than originally planned. Contrary to original announcements, one of the two blast furnaces at the Bremen site was not even shut down. However, the production volumes of the two blast furnaces were significantly reduced.

Last September, ArcelorMittal shut down a direct reduction plant at its plant in Hamburg, citing the extreme price increases in electricity and gas at the time. In view of the easing in prices, the system will be put back into operation in the first half of the year.

voda 1 maart 2023 07:25

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Metinvest Will Be Able to Supply Enough Steel to Restore Ukraine

Strategic Research Institute
Published on :
1 Mar, 2023, 6:46 am

Metinvest Group CEO Mr Yuriy Ryzhenkov in an interview with Bloomberg on the anniversary of Russia's full-scale invasion of Ukraine assured that Metinvest will be able to supply enough steel to restore Ukraine. He told “We are still the largest steel producer in the country. Of course, any country will need a significant supply of steel to restore infrastructure, and we are ready to supply it to Ukraine. Even in this very tragic year we experienced, Metinvest managed to develop and launch 24 new products. And we continue to expand our product line. I am confident that we will be able to supply enough steel to restore Ukraine. Infrastructure will be the main part of this plan: it will be railway infrastructure, housing, roads. And we will be there to supply steel for this renovation.”

Mr Yuriy Ryzhenkov also said “It was a difficult year for Metinvest and the country as a whole. Unfortunately, we temporarily lost control over the two largest steel mills in Mariupol, which is about 30% of all the company's assets. In addition, iron ore industries and steel mills, which are still operating in Ukraine, are not loaded at full capacity due to power outages, infrastructure damage and blockade of Black Sea ports. Most facilities operate at less than 50% capacity.”

He added “We do not know the exact extent of the damage caused to the objects. We have seen many videos from the first months of the war, but we do not know the actual state of the objects. It is likely that some of the plants remained intact or are in working condition. As soon as Mariupol is liberated from the occupiers, we will be able to send our specialists there and we will know what can be repaired and what is not. But in any case, our shareholder Rinat Akhmetov has already stated that we will restore these facilities. And these will no longer be the objects that were before. We will move towards green steel, to produce carbon-neutral steel. These will be new capacities built in Mariupol.”

voda 1 maart 2023 07:25

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thyssenkrupp Selects SMS for HDRI & EAF for Decarbonization

Strategic Research Institute
Published on :
1 Mar, 2023, 6:48 am

dpa-AFX has reported that Germany's largest steel producer thyssenkrupp has placed an order for plant planned in Duisburg for the low-carbon production of steel is with SMS Group. SMS would build a hydrogen-powered direct reduced iron plant and two melters, probably submerged arc furnaces, to replace BF BOF steelmaking route. thyssenkrupp did not comment on the exact order volume but according to earlier information, everything together will cost more than EUR 2 billion euros and a large part of this is likely to be attributable to the order that has now been announced.

thyssenkrupp plans to provide further details on 1 March. North Rhine-Westphalia's Prime Minister Mr Hendrik Wüst CDU and thyssenkrupp CEO Ms Martina Merz also want to attend a press event.

The entire project is to be built primarily with the help of subsidies. It is still subject to approval by the EU Commission under state aid law.

voda 1 maart 2023 07:26

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GravitHy Selects IDOM for PFS of DRI & HBI Plant in Fos-sur-Mer

Strategic Research Institute
Published on :
1 Mar, 2023, 6:49 am

GravitHy has chosen IDOM as its partner to conduct the Pre-Feasibility Studies of its first-of-a-kind decarbonized Hydrogen based DRI & HBI facility to be built in Fos-sur-Mer in southern France. IDOM started from its inception working for the steel mills in Spain and since then, it has been playing a major role in the execution and development of projects for steelmakers worldwide, developing expertise in Green Steel projects.

The PFS will consist of the preliminary engineering, project implementation strategy and CAPEX & OPEX development, which will allow GravitHy to prepare a solid dossier for the permitting process, define core packages, mitigate risks, validate key business fundamentals as well as to advance in the project financing. It is an important investment that reinforces GravitHy’s commitment with the realization of the project in Fos-sur-Mer.

EIT InnoEnergy, Engie New Ventures, FORVIA, GROUPEIDEC, Plug, and Primetals Technologies, founding shareholders of GravitHy, announced plans in June 2022 to build, own and operate its first green iron plant in France, mobilizing EUR 2.2 billion worth of initial investment with construction commencing in 2024. The company aims for the plant to be fully operational by 2027, subject to the required regulatory approvals. GravitHy has an ambition to produce an annual throughput of 2 million tonnes of Direct Reduced Iron.

voda 1 maart 2023 07:26

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Imabari to Build Bulk Carrier with Kobe’s Kobenable Steel

Strategic Research Institute
Published on :
1 Mar, 2023, 6:51 am

Japan’s third largest steelmaker Kobe Steel announced that its low-CO2 blast furnace steel product Kobenable Steel will be used for 180,000-tonne class bulk carrier built by Imabari Shipbuilding. This makes it the first shipbuilding company in the world to use Kobenable Steel. The vessel will employ Kobenable Premier, which reduces 100% of CO2 emissions in steel production based on the mass balance method.

As an initiative to achieve the Sustainable Development Goals, Imabari Shipbuilding is working to improve the efficiency of transportation of materials and equipment and to reduce power consumption and the amount of raw materials used in the manufacturing process with the aim of developing environmentally friendly ships and realizing environmentally friendly manufacturing. Imabari Shipbuilding adopted Kobenable Steel for its ability to lower CO2 emissions in shipbuilding compared to conventional steel products.

Kobenable Steel, developed by the Kobe Steel based on its original CO2 reduction solution for blast furnace iron making, is available for all types of steel products including steel sheets, steel plates, wire rods and bars manufactured at Kobe Steel’s Kakogawa Works and Kobe Wire Rod & Bar Plant. In addition, since it maintains the same level of high quality as conventional products, customers can use low-CO2 blast furnace steel for products that require high quality, such as special steel wire rods and ultra-high-tensile strength steel, which are specialties of the Group.''

Kobe Steel is the first Japanese steelmaker that commercialized low-CO2 blast furnace steel products in 2022 in two categories

1. Kobenable Premier - 100% CO2 reduction

2. Kobenable Half - 50% CO2 reduction

Kobe Steel’s unique technology achieves a significant reduction of CO2 emissions from the blast furnace by charging into the blast furnace a large amount of hot briquetted iron manufactured via the MIDREX Process, accounting for about 80% of the world’s natural gas-based direct reduced iron production. It can reduce CO2 emissions in the blast furnace iron making process by 20-40%. The mass-balance method is to allocate specific characteristics to a certain portion of products according to the input amount of raw materials when there is a mix of raw materials with and with no such characteristics (e.g., CO2 reduction effects) in the manufacturing process.

voda 1 maart 2023 07:33

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Windsor Framework Solves Plates & Sections Imports to N Ireland

Strategic Research Institute
Published on :
1 Mar, 2023, 6:52 am

The EU Commission and UK government have agreed a solution for the movement of the most sensitive categories of steel from Great Britain to Northern Ireland that are subject to tariff rate quotas). This comes as part of the changes agreed to the Northern Ireland Protocol Windsor Framework. Accordingly, Northern Ireland importers will now have access to UK-origin steel in Category 7 Quarto plate and Category 17 angles & sections without having to pay 25% tariff.

UK Steel Director General Mr Gareth Stace said “The deal will make a significant difference in being able to move steel tariff-free from Great Britain to Northern Ireland, in the context of a complex interplay between the terms of the Protocol and the EU’s steel safeguard quotas. The provision of separate quotas for certain products that can be earmarked for the UK’s use for shipments into Northern Ireland create a blueprint that can be more widely applied and demonstrates a willingness to find workable solutions.”

However Mr Stace added “While the new arrangement does not solve all problems in relation to trade with Northern Ireland, it marks a positive step forward, addressing the most urgent issues and creating a framework for reaching further solutions.”

Northern Ireland was facing 25% tariff to access ex-UK steel since the EU quota measure system changed in June 2022, as it continued to follow EU custom rules following Brexit.

voda 1 maart 2023 07:34

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Tata Motors Opens Vehicle Scrapping Facility in Jaipur

Strategic Research Institute
Published on :
1 Mar, 2023, 6:54 am

India’s leading automobile manufacturer Tata Motors had launched its first Registered Vehicle Scrapping Facility, Re.Wi.Re – Recycle, in Jaipur in Rajasthan. This state of the art facility has a capacity of 15,000 vehicles per annum and follows world-class, eco-friendly processes for safe and sustainable dismantling of end-of-life vehicles. It is developed and operated by Tata Motors’ partner Ganganagar Vaahan Udyog to scrap end-of-life passenger and commercial vehicles of all brands.

The facility is designed to dismantle end-of-life passenger and commercial vehicles of all brands and ensures de-pollution. It is fully digitalized for hassle-free, paperless operations and has dedicated stations for safe dismantling of components such as tyres, batteries, fuel, oils, liquids and gases. The vehicles go through a stringent documentation and dismantling process, curated individually for passenger and commercial vehicle requirements.

voda 1 maart 2023 07:35

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Government of India Appoints SAIL Chairperson Ms Mondal to PESB

Strategic Research Institute
Published on :
1 Mar, 2023, 6:55 am

Government of India’s Ministry of Personnel, Public Grievances & Pensions vide an announcement on 20 February 2023 said that the Appointments Committee of Cabinet has approved that appointment of Steel Authority of India Limited’s Chairperson Ms Soma Mondal to the post of Member of Public Enterprises Selection Board for a period of three years. Ms Mondal is superannuating on 30 April 2022 and PESB has advertised in November 2022 or the selection of next Chairman of SAIL with 18 January 2023 as the deadline for applications

The PESB consists of a part-time or full-time Chairperson and three full-time Members. After Ms Mondal’s appointment PESB would includes

Chairperson – Ms Mallika Srinivasan

Member - Ms Soma Mondal

Member – Mr Sailesh

Member – Mr Amarjeet Sinha

The Public Enterprises Selection Board is a high powered body constituted by Government of India in1987 with the objective of evolving a sound managerial policy for the Central Public Sector Enterprises and, in particular, to advise Government on appointments to their top management posts. PESB functions include

1. To be responsible for the selection and placement of personnel in the posts of Chairman, Managing Director or Chairman-cum-Managing Director (Level-I), and Functional Director (Level-II) in PSEs as well as in posts at any other level as may be specified by the Government

2. To advise the Government on matters relating to appointments, confirmation or extension of tenure and termination of services of the personnel of the above mentioned levels

3. To advise the Government on the desired structure at the Board level, and, for senior management personnel, for each PSE or group of PSEs

4. To advise the Government on a suitable performance appraisal system for both the PSEs and the managerial personnel in such enterprises

5. To build a data bank containing data relating to the performance of PSEs and its officers

6. To advise the Government on formulation and enforcement of a code of conduct and ethics for managerial personnel in PSEs

7. To advise the Government on evolving suitable training and development programs for management personnel in PSEs

voda 1 maart 2023 07:35

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CSE Lays Roadmap for Decarbonization of Indian Steel Sector

Strategic Research Institute
Published on :
1 Mar, 2023, 6:57 am

India’s Centre for Science and Environment Director General Ms Sunita Narain, while addressing a workshop “Decarbonizing India’s Iron and Steel Sector by 2030 and Beyond”, said that “The iron and steel industry is an emission-intensive sector. Our new analysis shows it is possible to bring down carbon dioxide emissions from our iron and steel sector drastically by 2030, while more than doubling India’s output of steel. We can emit even less than what we do today. But this will need planning, technology and adequate funds.”

The workshop discussions were based on CSE’s latest report on the subject “Decarbonizing India: Iron and Steel Sector”, which gives detailed insights into GHG emissions from the sector and its future emission scenarios for 2030. The workshop navigated the issues of fuel shift, low carbon technology, energy efficiency, increasing generation and usage of steel scrap and carbon capture utilization and storage for the Indian iron and steel sector. The speakers and participants included officials from Steel Ministry, Ministry of Environment, Forest & Climate Change, World Steel Association and some top industry representatives.

Giving CSE’s opening presentation, CSE’s Program Manager Industrial Pollution Mr Parth Kumar said “Countries like India need to grow and develop at a time when the world is running out of carbon budget to stay below the guardrail of 1.5 degree Celsius temperature rise. Given the conundrum, the crucial question that we should all ask is how can India ensure the double benefits of reduced emissions and growth? While energy efficiency is a significant low hanging fruit for Decarbonisation, we recommend a fuel shift to alternate cleaner fuels for reducing carbon emissions from the sector. The challenge that lies ahead for us is to make cleaner fuels affordable and available.”

CSE’s recommendations for the sector

1. Switch over to cleaner fuels – In the case of BF-BOF, the use of natural-gas injection or hydrogen to reduce the use of coal is recommended, along with shifting from coal-based DRI to gas-based completely which would have the possibility to further transform to hydrogen-based DRI production.

2. Increase scrap use – Better implementation of vehicular and steel scrap policies to generate more scrap along with increasing the amount of recycled steel in production to its optimum in both production technologies.

3. Implement carbon capture utilization and storage in the BF-BOF route to bring down coal-based emissions.

4. Organize the finance – A switchover to new fuels and technologies would require finance. The government and steel industry should work towards a combined proposal for international climate finance.

Reality 1 maart 2023 09:28

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Flink aan het shorten dit aandeel. Je moet wel wel van goede huizen komen om voor deze koersen aandelen te kopen. Torenhoge schulden die straks gefinancierd gaan worden tegen een rente van 5-6% en een recessie in het verschiet waarbij vraag naar staal flink zal dalen.

voda 1 maart 2023 12:28

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Turkish scrap demand slows, market questions peak
254 Views

Turkish mills’ scrap demand has slowed this week. Mills are seen preferring to wait for a while before concluding imported scrap bookings for April shipment.

Although scrap suppliers have further increased their price targets this week, they see no buying interest from Turkish mills. A Baltic-origin scrap supplier is heard to have offered HMS 1&2 80:20 at $458/tonne cfr, while another is seeking $465/t cfr. A US-origin supplier is targeting to sell the same grade at $465/t cfr for March shipment. Two European suppliers are offering material at above $450/t and $455/t cfr respectively.

A supplier tells Kallanish: “No mill is paying these values today. I find the workable price for premium HMS 1&2 80:20 at $450-455/t cfr today, not higher.”

Another supplier says: “There is resistance to higher prices from buyers. Some are aiming to delay purchases and hunt for a panicked seller that will agree to sell at a lower price. However, dock prices reached €380/t [$404] in the EU, while the US market is preparing to increase prices by $40/gross ton. I am afraid Turkish mills will face higher prices on their return to the market.”

With Turkish mills’ scrap demand slowing, the market is discussing if vales have peaked. However, most scrap suppliers believe prices will increase further due to supply issues in scrap supplying regions.

The latest deal was concluded at $450/t from the Baltic, $445/t from the EU and $445/t cfr Turkey from the UK for HMS 1&2 80:20 at the end of last week (see Kallanish passim).

Short-sea suppliers have also increased their price targets today. Some are seen offering at above $445/t cfr. A Turkish mill bought short-sea scrap at $440/t cfr on Monday.

In the rebar market, offers increased to $765-785/t ex-works on Tuesday. A southern mill is seen offering even at $795/t. Demand, however, remained weak on Tuesday as buyers are mostly cautious over these levels. Some mills are seen limiting their sales to small volumes while some closed sales to stockists.

As for exports, a western mill sold a 4,500-tonne cargo comprising rebar and wire rod at $750/t and $770/t fob actual weight respectively towards the end of last week. Rebar sales to Yemen occurred at around the same level. However, these prices are far from acceptable for buyers in other regions.

Meanwhile, Turkey’s state gas distributor Botas further decreased natural gas prices for industrial use by 20.95-26.12%, effective March, following a 13.3-17.22% reduction in February.

Burcak Alpman Turkey

voda 1 maart 2023 13:50

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Beursblik: ING verhoogt koersdoel ArcelorMittal

Naar 40,00 euro.

(ABM FN-Dow Jones) ING heeft het koersdoel voor ArcelorMittal verhoogd van 39,00 naar 40,00 met handhaving van het koopadvies. Dit bleek woensdag uit een analistenrapport van de bank.

ING heeft de taxaties voor het staalbedrijf na de publicatie van de cijfers over het vierde kwartaal herzien. Het laatste kwartaal van vorig jaar lijkt duidelijk het dieptepunt te zijn geweest, aldus de analisten.

De bank was in het rapport ook zeer te spreken over de blootstelling van ArcelorMittal aan een aantal herstellende staalmarkt, zoals die in Europa. De staalreus denkt dit jaar meer staal te kunnen verschepen dan de markt groeit.

De sterke balans van de onderneming biedt volgens ING daarnaast nog altijd voldoende ruimte om de aandeelhouder een aantrekkelijke beloning te bieden.

Het aandeel ArcelorMittal noteerde woensdag op een groen Damrak 3 procent hoger op 29,30 euro.

Door: ABM Financial News.

info@abmfn.nl

Redactie: +31(0)20 26 28 999

voda 2 maart 2023 06:42

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Welsh Government’s Update on Steel Research & Development

Strategic Research Institute
Published on :
2 Mar, 2023, 4:49 am

Welsh Government’s Minister for Economy & Transport Mr. Ken Skates and Minister for Education Ms. Kirsty Williams have updated members on the Welsh Government’s support in relation to steel research and development.

On 11 February 2019, we were delighted to hear that Swansea University was appointed the lead University in a £ 35M project called SUSTAIN to research and innovate steel making and the steel supply chain to ensure steel can become sustainable in Wales and the UK. This project is supported by a £ 10M investment from the Engineering and Physical Sciences Research Council, with the rest of the funding coming from steel companies, university partners, trade bodies and the Higher Education Funding Council for Wales. Tata, Celsa and Liberty Steel are all partners in the network.

This funding builds on Welsh Government investment of over £ 2M to establish the Steel and Metals Institute (SaMI) in Swansea University which opened in February 2018. Our investment in SaMI was also designed to establish Wales as one of the major centres of steel and metals research in the UK and to help to lever and secure further investment from wider Government and industry sources. Since its launch, the Institute has been awarded an additional £ 3M of funding from the Higher Education Funding Council for Wales to focus on smart steel processing and high value products such as electric powered vehicles, energy-efficient buildings and sustainable packaging. We would like to congratulate Swansea University on delivering on this ambition through the funding it has since attracted.

Decarbonisation is at the heart of our new Economic Action Plan. The industrial sector accounted for 29% of Welsh emissions in 2016. Industrial emissions in Wales are dominated by iron and steel production and petroleum refining. There is an increasing focus within the steel sector and within Welsh Government on the importance of decarbonisation. We are required by law to reduce our emissions by at least 80% by 2050 and this will require very significant changes to how we all live and work.

The Steel and Metals Institute at Swansea University will bring together industry and academia to work on common challenges, rapid product development and increase R&D in businesses. The Institute provides a valuable resource for companies to develop and test new products and processes with applications in automotive, construction, packaging, electrical steels lifting and excavating, energy and power, and aerospace as well as considering decarbonization.

This is in addition to other successes Swansea University has had in the last 12 months which strengthens its links with the steel industry and wider advanced materials in Wales.

Tata has also collaborated with Swansea University and Warwick University with £ 7M funding for a Prosperity Partnership to successfully bring a virtual factory approach to steel making. Prosperity Partnerships are EPSRC's flagship approach to co-investing with business in long-term, use-inspired, basic research. They are five-year, multimillion pound research collaborations on topics of national and global importance which have been co-created by leading UK universities and businesses with a strong research presence in the UK.

Collectively these initiatives provide a substantial resource for Wales and reinforce our position as a region with progressive steel and metals research capability helping to secure a more sustainable future for the sector.

voda 2 maart 2023 06:43

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Erik Bohman is New CFO for Ovako Group

Strategic Research Institute
Published on :
2 Mar, 2023, 4:51 am

Mr. Erik Bohman has been appointed as the new CFO and EVP Group Finance, IT & Purchasing for Swedish steelmaker Ovako Group from 6 March 2023. Mr. Erik comes most recently from H2 Green Steel where he had the role as EVP Business Unit Boden.

Mr. Erik is well known at Ovako as he started his career in the company in 2011 and stayed for nine years in various senior positions. He has been Head of Business Development, responsible for the Cromax units, President Business Unit Hellefors and latest as President Business Unit Hofors.

Ovako develops clean, high quality engineering steel for customers in the bearing, transport, and manufacturing industries. Ovako production is carbon neutral since January 2022 and is based on recycled steel and fossil-free electricity.

voda 2 maart 2023 06:44

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Aperam South America earns ResponsibleSteel Certification

Strategic Research Institute
Published on :
2 Mar, 2023, 4:55 am

Following a rigorous audit process by AFNOR lasting around 12 months, Aperam South America has achieved certification against the ResponsibleSteel Standard Version 1.1. We have one of the smallest carbon footprints in the industry and strive to adopt best practices in terms of ethics, governance, community engagement and corporate citizenship, said Aperam South America’s CEO Mr. Frederico Ayres Lima

To obtain certification, the auditors interviewed a wide range of stakeholders and conducted several technical visits. In total, the auditors conducted over 60 interviews to map stakeholders’ perceptions of Aperam South America.

Aperam South America is an integrated producer of Flat Stainless, Electric and Special Steel. It has a total production capacity of 900,000 metric tons of steel per year and employs over 4000 workers and contractors.

Bijlage:

voda 2 maart 2023 06:49

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Roberto Re is New MD of Metinvest Trametal & Ferriera Valsider

Strategic Research Institute
Published on :
2 Mar, 2023, 4:58 am

Metinvest announced that Mr. Roberto Re has been appointed as Managing Director of Metinvest Trametal & Ferriera Valsider in Italy from 1 February 2023, while retaining the position of managing director of Metinvest International Italia. In his new role, Roberto will be responsible for the EBITDA of Metinvest Group's production assets in Italy and will focus on improving sales and operational efficiency. Mr. Roberto will report to Metinvest Group's Commercial Director and his predecessor, Mr. Viktor Dembicki, will continue his work at Metinvest Group's Operations Directorate.

Mr. Roberto has a higher technical education. He gained his main experience in the metallurgical industry, where he worked for more than 18 years. Mr. Roberto came to Trametal in 1999 as a sales officer to perform various functions and tasks at the stage of the company's development. In 2008, Mr. Roberto was appointed head of Metinvest Group's sales service structural unit in Western Europe to sell the company's products in the EU. From July 2018 to the present day, Mr. Roberto has been responsible for implementing a new strategy for organizing sales and distribution in Europe as head of Metinvest's sales service.

voda 2 maart 2023 06:50

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voestalpine Supports Earthquake Regions in Turkey & Syria

Strategic Research Institute
Published on :
2 Mar, 2023, 4:57 am

Austrian steelmaker voestalpine and its employees are committed to providing immediate support for those affected by the earthquake disaster in southern Turkey and northwestern Syria and is donating a total of EUR 300,000 to specific projects run by UNICEF, Doctors Without Borders and Hilfswerk International. Half of the amount will go to projects in Turkey and half to projects in Syria. The focus is on immediate basic humanitarian care for the population in the crisis region, such as the distribution of relief supplies or emergency humanitarian and medical care.

As voestalpine, we see it as part of our responsibility to people to provide financial aid as quickly and unbureaucratically as possible in the event of global disasters such as the earthquake in Turkey and Syria and with our donation, we want to make an active contribution to alleviating the hardship of those affected on the ground, said voestalpine CEO Mr. Herbert Eibensteiner

voestalpine operates two sites in Turkey with over 300 employees that are located outside the disaster areas. voestalpine does not have a site in Syria.

voda 2 maart 2023 06:51

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CSN & Russula Start Automation System at Volta Redonda Plant

Strategic Research Institute
Published on :
2 Mar, 2023, 5:02 am

In January 2023, the Brazilian CSN and Spain headquartered technology provider Russula team commissioned the second phase of the automation and drives upgrade for the two-strand slab caster at CSN. The objective of the upgrade was to replace the legacy automation equipment with new, first-line control technology. Four existing PLCs and control boards were replaced with new ones, all fully assembled in Russula’s workshop in A Coruña, Spain. The automation upgrade will improve plant safety and reliability of the casting process, as well as spare parts availability.??

The first phase of the upgrade, consisting of retrofitting of nearly 60 new drives, was successfully completed in May 2022 in a record time of six days. CSN Volta Redonda plant and Russula have collaborated on many productivity improvement projects in the recent past including the electrical and automation upgrade of the rod and bar mill and the mechanical supply of a new braking slide.??

Companhia Siderúrgica Nacional is the largest fully integrated steel producer in Brazil with its own source of iron ore. It has a rolled steel capacity of 5.1 million metric ton. The company produces hot-rolled and cold-rolled slabs, galvanized steel, and tin products, which account for 98% of tin products sold in Brazil.?

voda 2 maart 2023 06:52

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Tata Steel Infuses Funds in TRF Limited

Strategic Research Institute
Published on :
2 Mar, 2023, 5:05 am

Tata Steel has acquired seven crore and forty lakh Non-cumulative, Non-convertible, Non-participating, Redeemable Preference Shares of face value INR10 each of TRF Limited, a listed associate company of Tata Steel, aggregating to INR 74 crore, on private placement basis. The NCRPS are being acquired to assist TRF in meeting its additional working capital requirements, repayment or prepayment of the whole or a part of the existing indebtedness of TRF and for other general corporate purposes.

TRF has been engaged in the business of designing and manufacturing of bulk material handling systems and equipment for core sector industries such as power, ports, steel, mining, and cement for projects undertaken on Turnkey basis. The equipment includes Crushers, Screens, Feeders, Conveying equipment, Mining equipment, Wagon tippler systems and Stacker reclaimer. TRF primary operates in the following areas

- Electromechanical jobs

- Industrial structure and fabrication

- Life Cycle Services and allied services

Electro-mechanical jobs and Industrial fabrication specialize in design, manufacture, erection and commissioning of units or equipment, Life cycle services helps meet the post commissioning requirement of customer

The manufacturing facility of TRF is located at Jamshedpur works on a 21-acre area at Burmamines locality. The revenue of TRF FY2021-22 was INR 127.14 crore.

voda 2 maart 2023 06:52

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NMDC Iron Ore Sale Remains down YoY in February 2023

Strategic Research Institute
Published on :
2 Mar, 2023, 5:06 am

Despite Indian crude steel production crossing 10 million metric ton in recent months, Indian state owned iron ore giant NMDC has reported 5% YoY & 9% shrinkage in iron ore sales in February 2023 & April-February 2023 period

-------------------------------

Production February 2023

Chhattisgarh - 3.32 million metric ton, up 2% YoY

Karnataka - 1.16 million metric ton, up 9% YoY

Total - 4.48 million metric ton, up 4% YoY

------------------------

Sales February 2023

Chhattisgarh - 2.72 million metric ton, down 1% YoY

Karnataka - 1.06 million metric ton, down 12% YoY

Total - 3.78 million metric ton, down 5% YoY

-------------------------------------

Production April- February 2023

Chhattisgarh - 25.26 million metric ton, down 4% YoY

Karnataka - 10.36 million metric ton, down 5% YoY

Total - 35.62 million metric ton, down 4% YoY

------------------------------

Sales April- February 2023

Chhattisgarh - 23.6 million metric ton, down 10% YoY

Karnataka - 9.82 million metric ton, down 5% YoY

Total - 33.42 million metric ton, down 9% YoY

Vertraagd	24 feb 2025 10:25
Koers	26,860
Verschil	-0,190 (-0,70%)
Hoog	27,000
Laag	26,600
Volume	278.675
Volume gemiddeld	2.637.315
Volume gisteren	1.778.340

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