Beursonline.nl

voda 3 maart 2023 08:00

0

WV Stahl Seeks Policy Framework for Green Steel Future

Strategic Research Institute
Published on :
3 Mar, 2023, 5:31 am

On the occasion of the Steel Future Dialogue, Mr. Bernhard Osburg, President of the German Steel Trade Association WV Sthal & Chief Executive Officer of thyssenkrupp Steel Europe, explained to around 70 guests in Brussels where the industry stands in the transformation towards climate neutrality and what expectations it has of politicians to make it a success. Mr. Bernhard Osburg stressed that companies now need framework conditions that also take account of the changed international and geopolitical circumstances, in particular, the EU's Green Deal Industrial Plan will be a central building block.

European Commission presented Green Deal Industrial Plan in February to enhance the competitiveness of Europe's net-zero industry and support the fast transition to climate neutrality. The Plan aims to provide a more supportive environment for the scaling up of the EU's manufacturing capacity for the net-zero technologies and products required to meet Europe's ambitious climate targets.

The Plan builds on previous initiatives and relies on the strengths of the EU Single Market, complementing ongoing efforts under the European Green Deal and REPowerEU. It is based on four pillars: a predictable and simplified regulatory environment, speeding up access to finance, enhancing skills, and open trade for resilient supply chains.

voda 3 maart 2023 08:02

0

Acciaierie d'Italia Seeks Renewal of Environmental Permit

Strategic Research Institute
Published on :
3 Mar, 2023, 5:33 am

Italy’s leading steelmaker Acciaierie d'Italia has presented the application for renewal of the integrated environmental authorization for the operation of the steel industry in consideration of the expiry of the Integrated Environmental Authorization AIA set for 23 August 2023, reports Corrier di Taranto.

While the discussion relating to the articulated review procedure which provides for a preliminary update of the previous health damage assessment reports, taking into consideration the emission scenarios of the steel industry before and after the implementation of the interventions of the Environmental Plan.

The Ilva Observatory has been dealing with the subject for some time, the last meeting of which was held on 6 December. The information provided during the aforementioned meeting of the Observatory regarding the activities relating to the definition of the post-operam emission scenario determined by the operation of the current plants adapted to the requirements of the Prime Minister's Decree of 2017 assuming the currently authorized production equal to 6 million metric tons of steel per year, in particular by Italian Institute for Environmental Protection & Research ISPRA , showed a significant reduction of about 40% of dust emissions, both conveyed and diffused.

During the same meeting, Agenzia Regionale per la Prevenzione e la Protezione Ambientale Puglia, involved in the proceeding, reiterated that it did not want to carry out the assessments relating to the post-operam scenario currently envisaged upon completion of the interventions of the Environmental Plan referred to in the 2017 Decreto Del Presidente Del Consiglio Dei Ministri DPCM, asserting that it would not be contemplated in the proceeding.

Italy’s Ministry of Health has announced that, in consideration of the requests of the Ministry of the Environment, there has been an intense discussion with the Istituto Superiore di Sanità in order to arrive at a health assessment relating to the current operation of the plant, which should arrive through an official document which in December was given as imminent but of which we still have no trace.

Acciaierie d'Italia is a joint venture between state agency Invitalia and ArcelorMittal Italia (formerly Ilva).

voda 3 maart 2023 08:03

0

NGT Directs JSPL to Pay Compensation to 2020 Blast Victims

Strategic Research Institute
Published on :
3 Mar, 2023, 5:35 am

The National Green Tribunal has directed Jindal Steel & Power Limited to pay a compensation of ? 2M each to the families of two workers who died due to a blast on its premises in Patralapli village in Chhattisgarh's Raigarh district on 10 June 2020 and to pay a compensation of ? 500,000 each to two workers who suffered burn injuries in the incident, reports PTI

In default of payment, the district magistrate may take coercive measures for recovery, including disconnecting electricity, ordered NGT Bench Chairperson Justice AK Goel said.

This order will not debar any other civil or criminal liability of JSPL and we further direct the Directorate of Industrial Safety and Health to audit the safety norms adopted by the unit so that such incidents do not reoccur in the future, highlighted the NGT order.

The NGT had initiated suo-motu proceedings in the matter on the basis of a media report. According to police, the blast had occurred when the workers were cutting an old diesel tank with a gas cutter at a scrap yard.''

voda 3 maart 2023 08:04

0

Outokumpu & Aperam Report Shrinkage in Stainless Steel Production

Strategic Research Institute
Published on :
3 Mar, 2023, 5:36 am

Global leaders in stainless steel Outokumpu, Aperam and Acerinox have recently announced their results for 2022 highlighting YoY reduction in stainless steel sales volumes in 2022, signaling severe slow down despite posting strong EBITDA

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

Outokumpu

Stainless steel deliveries – 2.106 million metric ton, down 7% YoY

EBITDA –€ 1.076B, up 22% YoY

EBITDA per metric ton - –€ 593 per metric ton

----------

Aperam

Stainless steel deliveries – 1.635 million metric ton, down 11% YoY

EBITDA –€ 1.248B, down 11%% YoY

EBITDA per metric ton - –€ 658 per metric ton

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

Acerinox

Stainless steel deliveries – Not Available

EBITDA –€ 1.276B, up 105% YoY

voda 3 maart 2023 08:07

0

ArcelorMittal XCarb Green Steel for KIRCHHOFF Automotive

Strategic Research Institute
Published on :
3 Mar, 2023, 5:38 am

ArcelorMittal and KIRCHHOFF Automotive, which develops and produces complex metal and hybrid structures for body-in-white and chassis, have signed a memorandum of understanding which focuses on developing low carbon-emissions steel for cars and trucks. The agreement covers a number of different areas of development and steel solutions, but its principal focus is to strengthen the two companies’ collaboration on sustainability topics.

This includes a project to develop and test the use of ArcelorMittal’s XCarb® recycled and renewably produced Usibor1500®, which is made with recycled steel and 100% renewable electricity, in the high-strength parts that KIRCHHOFF Automotive supplies to leading OEMs in Europe, Asia, and North America.

ArcelorMittal Europe Flat Products began manufacturing XCarb® recycled and renewably produced steel at its Sestao plant in Spain more than a year ago allowing customers to buy steel with a reduced CO2 impact. Taking the example of Usibor®1500 with XCarb® recycled and renewably produced substrate, on a lifecycle basis this product has a 70% lower CO2 footprint compared with the same product made via a conventional blast furnace production process.

KIRCHHOFF Automotive has a presence across Europe, Asia and North America, with 27 plants in 11 countries.

Bijlage:

voda 3 maart 2023 08:08

0

Mr. Alonso Ancira Era Ends as Investors Agree to Buy AHMSA

Strategic Research Institute
Published on :
3 Mar, 2023, 5:40 am

Mexican steelmaker Altos Hornos de Mexico will have new owners with the signing of a contract for the sale of a controlling share package to a group of foreign investors, according to Periodco La Voz, ending Latin American King of Steel Mr. Alonso Ancira Elizondo’s 32 years long inning, ushering in a new era.

Throughout the years AHMSA faced a series of complications, however nothing compared to the last 4 years, in which it not only faced an economic crisis but also a political persecution that plunged the company into the worst crisis in history and that placed it on the brink of bankruptcy. Finally, and after a series of negotiations in which the best alternative for the company was sought, it is announced that Mr. Alonso Ancira completed the sale of the company, thus giving way to arrival of new investors, who will represent the fourth stage of the company.

1942 - Altos Hornos was created, promoted by a group of businessmen who supported the project of the American Harold Robert Pape.

1971 - Federal Government assumes the direct direction of the company.

1991 - Grupo Acerero del Norte acquires the company.

2023 - New investor assumes the company.

Mr. Alonso Ancira took over the management of Altos Hornos de México in 1991, after the Federal Government decided to privatize the steel company in the face of the crisis it faced due to administrative failures, for which Grupo Acerero del Norte assumed control. In 2019 Mr. Alonso Ancira announced a significant investment that will increase the company's production levels, as well as the lifting of suspension of payments that had been in place since 1999. The announcement of the investment of MXN 300M for AHMSA occurred on 20 May 2019. Just 8 days later, on 28 May 28, Mr. Alonso Ancira was arrested in Palma de Mallorca, Spain by the Interpol in connection with the 2014 sale of a fertilizer plant to PEMEX, the Mexican-state oil company, after being accused by the Government of President Andrés Manuel López Obrador for selling the agro nitrogen plant at an overpriced price. The bank accounts of Altos Hornos and Mr. Emilio Lozoya Austin, the former CEO of PEMEX, were frozen 24 hours earlier. After Mr. Alonso Ancira's arrest came the debacle of the company, after the freezing of accounts that affected its production. Mr. Alonso Ancira carried out a large part of the process on probation in Spain, but in November 2020 he was arrested again and in February 2021 he was extradited to Mexico to carry out his process. In March 2021, Mr. Alonso Ancira established an agreement with PEMEX to repair the damage, with the payment of 216 million dollars, in installments, for which he was released and moved to San Antonio in Texas, where he remains to this day.

Altos Hornos de Mexico is the largest integrated steel plant in Mexico. It has corporate offices in Monclova in Coahuila state of Mexico. Two steel plants operate in an area of nearly 3,000 acres. AHMSA extracts coal and iron ore. The company has its own coal mines in Palau. The main source of iron ore is located in Hercules in Coahuila, a mine owned by AHMSA. From that point the iron ore is transported to AHMSA through a 180-mile pipe called Ferroduct that crosses the Coahuila desert. AHMSA manufactures high value-added steel products. AHMSA is a national leader in the production and commercialization of flat steel products including hot rolled coil, wide plate, cold rolled coil, tinplate and tin-free steel, railroad tanks and bridge constructions, structural shapes. It also produces non flat steel products like heavy shapes. AHMSA has annual capacity of 5.6 million metric tons of liquid steel, with a workforce of 22,250 people, including its subsidiary companies.

voda 3 maart 2023 08:08

0

Lost Jobs at Home with Lost Lives in Ukraine Weighing Belgium

Strategic Research Institute
Published on :
3 Mar, 2023, 5:42 am

Belgium is weighing up concern for lost jobs at home with lost lives in Ukraine as it ponders relations with Russian oligarch & majority owner of NLMK Mr. Vladimir Lisin, after Ukrainian MP Mr. Alex Goncharenko cornered Belgian Prime Minister Mr. Alexander De Croo at the Munich Security Conference in February and urged him and the EU to blacklist the Russian steel tycoon, reports EU Observer

He [Mr. De Croo] said the problem is that Mr. Lisin is responsible for a lot of jobs in Belgium and that these jobs are in areas which are already deprived, but he understands the situation and Belgium's veto on sanctioning Mr. Lisin is temporary, Mr. Goncharenko told EU Observer.

Ukraine has evidence that NLMK supplied Uralvagonzavod, Russian tank-factory, and Russian state-owned company Sever, which is involved in production of Russian nuclear weaponry. "Russia has a war economy and NLMK is its largest metals supplier, so where else will Russian President Mr. Vladimir Putin get the steel and so forth for his military-industrial complex, added Mr. Goncharenko

NLMK does not supply Russia's Uralvagonzavod tank-making factory and does not have any contractual relations with this company and Russian operations of NLMK are not capable of producing steel intended for military application, its lawyers told EU Observer

The PM understands the situation 'and Belgium is committed to align with EU sanctions as soon as possible and no later than the winding down period agreed is the correct version, his spokesman said.

Existing EU sanctions include a ban on imports of some grades of Russian steel, with winding-down exemptions for old contracts valid until October 2024.

Mr. Lisin's NLMK group owns two factories and a service center in Belgium. NLMK La Louvière focuses on the production of hot and cold-rolled coils with production capacity of 1.681 million metric ton of hot-rolled steel & 1.280,000 million metric ton of pickled steel. Located in Ittre, NLMK Clabecq produces steel plates with production capacity of 750,000 metric ton a year. NLMK Manage Steel Center provides a wide range of transformation services for Strip business of NLMK Europe with production capacity of its slitting line at 200,000 metric tons.

The 66-year old Mr. Lisin was born in Ivanovo City and is majority shareholder of Novolipetsk Steel. Mr. Lisin got his first job in 1975 working as a mechanic in a Soviet coalmine, and after studying at the Siberian Metallurgic Institute got a job working as a welder foreman at Tulachermet Metals Works. He rose through the ranks to become section manager, shop manager in 1979 and deputy chief engineer in 1986. In 1992, he joined a group of traders Trans-World Group who won control of Russia's steel and aluminium industry. When the partners split in 2000, he received 13% of the firm and later achieved a controlling share. He rose to become Russia's richest man, with Real Time Net Worth of $ 24.2B, according to Forbes magazine.

voda 3 maart 2023 08:09

0

Nippon Steel Plans Green Steel Project Overseas

Strategic Research Institute
Published on :
3 Mar, 2023, 5:43 am

Japan’s biggest Nippon Steel steelmaker is considering a major investment in a green steel project outside its home market powered by hydrogen as a global push to decarbonize one of the world’s most polluting industries gathers pace according to Mr. Takahiro Mori, Executive Vice President of Nippon Steel who oversees global operations, reports Bloomberg

Australia and Brazil are among possible sites for $ 733M plant, where high-grade iron ore is accessible along with cheaper electricity than in Japan, Mr. Takahiro Mori told Bloomberg.

voda 3 maart 2023 08:09

0

US Steel & CarbonFree Ink MoU for CO2 Emissions at Gary Works

Strategic Research Institute
Published on :
3 Mar, 2023, 5:45 am

United States Steel and CarbonFree Chemicals Holdings have signed a non-binding Memorandum of Understanding to jointly pursue the capture of CO2 emissions generated from US Steel’s Gary Works manufacturing plant using CarbonFree’s SkyCycle™ technology. If a definitive agreement is reached, the project is expected to capture and mineralize up to 50,000 metric tons of CO2 per year.

The MoU establishes a framework for discussions regarding the formation of a commercial venture. The decision between CarbonFree and US Steel to enter into a definitive agreement is expected to be made prior to the end of 2023, and if a final agreement is executed, the parties are targeting 2025 for commencement of operations. The parties may also consider collaborating on more carbon capture, utilization and storage projects in the future.

CarbonFree’s patented SkyCycle™ technology, modular, scalable & patented, captures carbon emissions from hard-to-abate industrial sources before entering the atmosphere, converts the CO2 into the specialty chemical precipitated calcium carbonate and produces hydrochloric acid as a co product.

Located in Gary in Indiana, US Steel’s Gary Works has annual production capability of 7.5 million net tons of raw steel per year.

voda 3 maart 2023 12:04

0

LME suspends issuance of warrants for Russian metals from US warehouses
199 Views

The London Metal Exchange (LME) has announced that it is immediately suspending the issuance of warrants for non-ferrous metals of Russian origin from the exchange's warehouses located in the US, Kallanish notes.

This measure was prompted by the introduction by the United States on 24 February of additional tariffs on Russian metals.

In particular, a 200% duty was introduced on aluminium of Russian origin, as well as aluminium products manufactured in third countries from metal smelted in Russia. In addition, from 1 April, an import duty of 70% will be introduced for copper, nickel and lead of Russian origin, as well as aluminium alloys (in the form of a NASAAC, North American special aluminium alloy contract).

According to the LME, there are currently no Russian primary aluminium, copper, nickel and lead in warehouses in the US. There is only NASAAC (400 tonnes), for which there are no delivery obligations. The exchange is suspending the use of warrants for this alloy for use in futures settlement.

The LME stressed that it is not making any changes to the ability to store Russian metal in warehouses outside the US. The exchange notes that the alleged distortion of the market caused by the refusal of Russian metal from some consumers was not supported by evidence.

Therefore, the LME does not propose to ban the issuance of warrants for new Russian metal outside of US warehouses, it said in a statement.

Last November, the exchange decided not to impose a ban on metals deliveries from Russia. It noted that market participants are free to make their own decisions about whether to deal with Russian metal.

The ban could affect aluminium, nickel and copper from Russia. Russia's share in the world aluminium market is about 6%, high-grade nickel 17%, and copper about 3%.

Russian exports of refined copper to the EU countries in January-November amounted to 294,500 t, up by 6% on-year, Eurostat data shows. In January-September, the EU imported 48,303 t of nickel from Russia, up by 17%.

Svetoslav Abrossimov Bulgaria

voda 3 maart 2023 12:04

0

Bangladeshi scrap surges amid delayed financing, high demand
277 Views

Amid prevailing delays in opening letters of credit (LC) in Bangladesh this week, imported scrap offers have risen dramatically. The rise is mainly attributed to high demand and consumption of scrap in the US domestic market and shortages of material in Europe and the UK, sources tell Kallanish.

These hikes apply to both containerised and bulk cargoes. This week, a Bangladeshi steel major bought a 30,000-tonne Australian-origin cargo containing 14,000t of bonus booked at $498/tonne, 13,000t of HMS at $488/t and 3,000t of heavy chips at $478/t cfr Chattogram.

Following this deal, offers surged dramatically, by $10-12/t. Two new offers of US West Coast cargoes, each containing 32,000t of shredded and HMS mix, were heard at $505/t and $495/t cfr Chattogram, respectively. According to sources, a steel mill reportedly sent bids at $485/t and $480/t cfr Chattogram for shredded and HMS, respectively, but the seller rejected them.

Meanwhile, offers for containerised UK-origin 211-grade shredded scrap were heard at $505-510/t cfr Chattogram and Dhaka on Thursday. Offers for Brazil-origin 210- and 211-mix grade shredded were given at $500-505/t cfr Chattogram. Very limited deals were heard concluded at these levels mainly because of the LC delays.

Offers for 8,000t of Singapore-origin PNS scrap were noted at $500/t cfr Chattogram, and Europe- and UK-based PNS at $515-520/t cfr Chattogram. Europe-origin blue steel was offered at $530-540/t cfr Chattogram and Dhaka.

Bookings for 4,000t of Brazilian-origin HMS 80/20 were heard at $465/t cfr Chattogram on Wednesday and Thursday, while Brazil-origin HMS 90/10 was booked at $475-480/t cfr Dhaka, a source involved in the deal informs Kallanish.

"Unusual delays of two to four weeks in LC opening are killing the imported scrap business in Bangladesh," a scrap importer says. "Owing to this, [Bangladesh] merchants are struggling to keep their commitment to the [international] yards; hence, they [merchants] are unwilling to aggressively approach buyers [mills]."

"Small steel mills in Dhaka have stopped their production and big mills have reduced their production. There is confusion in the market, and not many bookings are happening in Bangladesh," the source adds.

Offers for ship scrap from containers were heard at $610/light displacement tonne (ldt). Scrap from dry bulkers and tankers is hovering at $570/ldt and $590/ldt, respectively.

Sayed Aameer India

voda 3 maart 2023 12:09

0

Thyssenkrupp picks SMS Group to build H2-powered steel plant

Thyssenkrupp picks SMS Group to build H2-powered steel plant Image by ThyssenKrupp AG

Industrial conglomerate Thyssenkrupp AG (ETR:TKA) has selected SMS Group to build its hydrogen-powered direct reduction (DR) plant for low-carbon steel in Duisburg, Germany.

The Duesseldorf-based engineering group has been awarded an order worth more than EUR 1.8 billion (USD 1.92bn) to provide engineering, delivery and construction services for the project, Thyssenkrupp said on Wednesday.

Do you know we have a daily hydrogen newsletter? Subscribe here for free!

The contract with SMS Group marks the start of what Thyssenkrupp describes as one of the biggest industrial decarbonisation projects worldwide, which will help avoid more than 3.5 million metric tons of carbon dioxide per year.

The 100% hydrogen-capable plant will be built at Thyssenkrupp Steel's Duisburg site in the Ruhr region with a capacity to produce 2.5 million metric tons of directly reduced iron.

The hydrogen-powered facility will help the steelmaker, which is responsible for 2.5% of Germany's carbon dioxide emissions, cut their level by 20%.

Slated for completion by the end of 2026, the EUR-2-billion plus project is still subject to EU state aid approval and a final funding decision with both expected to be in place in the coming months.

The state of North Rhine-Westphalia, where the plant will be located, and the German federal government will back the project.

North Rhine-Westphalia's premier Hendrik Wuest commented that this is one of the most important projects for the industrial transformation in North Rhine-Westphalia and the state will support this project "with conviction and to the tune of up to EUR 700 million, thus contributing to the preservation and transformation of an important value chain for the entire economy in the state."

(EUR 1 = USD 1.068)

renewablesnow.com/news/thyssenkrupp-p...

voda 3 maart 2023 13:25

0

Nucor: Favorable Allocation Ahead Of Industry Tailwinds
Mar. 01, 2023 11:17 AM ET Nucor Corporation (NUE)

Nucor Corporation (NYSE:NUE) reported a record 2022 financial performance, that broke the high base period and propelled the stock to a notable rally over the recent quarter. However, the Q4 reports showed negative dynamics against the backdrop of a decrease in average prices, volumes and capacity utilization. Although Nucor is unlikely to see steel margins seen in recent years, the expansion of the company’s presence in various new segments could lead to a lucrative growth potential thanks to its cross-industry expertise and acquisition-induced synergies. Nucor’s growth is not limited to acquisitions, but it also expands melt and downstream capacity to meet the restocking cycle and recovery of the steel-using demand sectors.

Outlook
The world steel production decreased by 4.2% in 2022, where the US steel industry saw a 5.9% drop. Despite the lower volumes, Nucor posted strong 2022 financials, which were executed on the back of 26% higher average selling prices. Total sales for the period rose 13.8% YoY to a new record of $41.5 billion. EBT rose 11.3% to $10.3 billion on the back of the strong Steel products division. At the same time, sales volumes of Steel mills decreased by 10% on annum, where the load of the company’s mills decreased to 77% compared to 94% a year ago.

Q4 2022 financials
Q4 2022 financials (company reports)

In Q4 alone, financial results reflected prominently the worsening market conditions against the backdrop of lower selling prices and suppressed demand. Quarterly revenue amounted to $10.2 billion, down 15.8% YoY, where increased raw material costs have combined with lower shipments to squeeze mill profits. As a result, quarterly EBT almost halved (-49% YoY) to $1.5 billion, which entailed profitability erosion. Still, EBT margin for the year decreased only marginally, as the Steel products segment weighted significantly on the upside with resilient shipments and huge earnings/ton gain.

Going forward, a return of steel prices to 2021 high levels is unlikely to be possible against the background of the fight against inflation. The elevated interest rates are restraining the investments in fixed assets, which have a direct impact on steel demand. However, in the anticipation of restocking in the supply chains, the industry players have moved prices up. The rising mood of the US mills has been supported also by the need to cover high production costs.

The US steel consumption can also be supported by the real demand, streaming from construction, engineering and infrastructure upgrades. I am bullish on energy investments, which could give positive momentum in the steel demand despite a weak economy. I also expect the automotive sector to be resilient due to the pent-up demand and easing of supply bottlenecks. On the other hand, I am more conservative on construction prospects due to the prolonged recovery of non-residential construction on the back of high materials costs. However, the bright spot here is infrastructure investments as the modernization program adopted in the US should ensure the demand for Nucor products in the coming years. Specifically, the US administration announced recommendations to expand the use of domestic-made goods in publicly funded infrastructure projects. In federal procurement, the share of US-made materials and components has been increased from at least 55% to 65% from 2024, and by 2029 it should be 75%. This also applies to metallurgical products.

In 2022, Nucor has allocated $3.6 billion for acquisitions and $2 billion for CAPEX to ensure its strategic initiatives and expansion of the business beyond. However, the competition is also proceeding with new investments to meet the restocking cycle and steel demand growth prospects. But Nucor remains a great capital allocator, making investments and acquisitions amid low demand and reasonable valuations. Let’s take a look at the following approximate estimations.

Capital allocation
Capital allocation (company reports; author’s estimates)

voda 3 maart 2023 13:25

0

Deel 2:

voda 6 maart 2023 06:50

0

Metalloinvest to Construct New Tailings Pond at Lebedinsky GOK

Strategic Research Institute
Published on :
6 Mar, 2023, 4:31 am

Russian miner & steelmaker Metalloinvest invests ? 52B in the construction of an environmentally efficient tailings pond at Lebedinsky GOK to reduce the specific consumption of electricity by 25%, reduce dust emissions by 10 times, as well as reduce the operating costs of pumping tailings and returning clarified water to the processing plant.

The reduction of specific energy consumption will occur due to the reconstruction of the thickening unit and the optimization of the water-sludge scheme. To reduce the operating costs for pumping tailings and returning water from 2026 will allow the reconstruction of eight 50m and three 100m thickeners. Anti-filtration screens will be installed along the bottom of the bowl and the base of the dams to prevent the ingress of process water into aquifers. The condition of hydraulic structures will be monitored by control and measuring equipment. Protective dams up to 30m high will be built, followed by an increase in tiers of 5m.

The plans for 2023 include the reconstruction of the thickening system and circulating water supply, the engineering preparation of the tailings dam bed and the construction of enclosing dams, the preparation of foundations for the main slurry pipelines. The construction of substations and a building for the preparation of reagents for water purification will begin. It is planned to put the first start-up complex of the tailings dam into operation in 2026. The new site will annually receive up to 20M cubic meters of tailings. Full commissioning is scheduled for the end of 2028.

After the commissioning of the new tailings dam, the existing tailings dam will be reclaimed.

The project is being implemented taking into account all environmental requirements, passed public hearings and received a positive conclusion of the State Environmental Expertise and the Main State Expertise.

voda 6 maart 2023 06:50

0

Tata Steel to Cut Emissions at Ferroalloys Plant at Athgarh

Strategic Research Institute
Published on :
6 Mar, 2023, 4:34 am

In order to reduce carbon footprint in its operations, Tata Steel Mining has signed a Memorandum of Understanding with GAIL (India) for supply of natural gas to its ferroalloys plant at Athgarh in Odisha’s Cuttack district. According to the MoU, GAIL will supply the agreed quantity of natural gas through its pipeline from Gujarat to Athgarh.

The project will lower greenhouse gas emission by 968 metric ton as furnace oil emits more carbon dioxide, nitrogen oxides and sulphur oxides than natural gas does and natural gas emits 27% less carbon dioxide and has lower levels of other pollutants.

voda 6 maart 2023 06:51

0

China MCC Offers to Upgrade Pakistan’s Steel Industry

Strategic Research Institute
Published on :
6 Mar, 2023, 4:37 am

China can transfer its technology and equipment to Pakistan to upgrade Pakistan’s steel industry. With China’s transfer of technology and equipment, Pakistan’s steel industry can be more concentrated and more environmentally friendly, because it can make better use of the existing low-quality mineral resources, highlighted Mr. Li Sheng, General Manager of the Pakistani Branch of China First Metallurgical Group Co, says The Nation

In the upstream, its domestic mineral resources are rich and coal and iron ore reserves are huge; in the downstream, Pakistan’s real estate and construction services industry is developing rapidly, and the steel demand is increasing, which is very conducive to the development of the industry and that the output of the steel industry in Pakistan is far from enough to meet the needs of its domestic market, stressed Mr. Li Sheng

Pakistani iron ore is stored across the country, mainly in Punjab and Baluchistan, with proven mining reserves of about 950M metric ton, adds Mr. Li Sheng

Over 20 major steel industrial units were struggling towards diversification and it is essential to improve the steel competitiveness of Pakistan at the root level, adds Mr. Wajid Bukhari, Secretary General of Pakistan Association of Large Steel Producers

voda 6 maart 2023 06:52

0

Cleveland-Cliffs & US Steel Apply for Iron Ore Mines in Nashwauk

Strategic Research Institute
Published on :
6 Mar, 2023, 4:42 am

The Iron Range's two largest mining companies Cleveland-Cliffs and US Steel have submitted formal requests to Minnesota for mineral leases, covering 66 parcels, each roughly 40 acres, formerly held by Mesabi Metallics, says The Star Tribune. Cleveland-Cliffs had filed a formal proposal for all of the Nashwauk leases in January 2023 & US Steel filed its formal proposal on 24 February.

The Minnesota Department of Natural Resources had terminated Mesabi's leases for state-owned ore in 2022 and the Minnesota Supreme Court upheld the termination in January 2023, paving the way for the DNR to reallocate the leases near Nashwauk.

The DNR canceled Mesabi's leases after the company missed a 2021 deadline for a $ 200M down payment to complete a half-built taconite plant. A predecessor company started the project in 2011, but it went bankrupt in 2016. Since then, the venture has been plagued by delays.

Cleveland-Cliffs and US Steel have long histories on the Iron Range. Cliffs fully owns three of the Range's six taconite mines while US Steel owns two. Cliffs owns 85% of Hibbing Taconite and US Steel 15 %. Hibbing Taconite, which employs 750, is expected to run out of ore around 2025. If Cliffs gets the former Mesabi leases, Hibbing Taconite's life would be extended by 27 years. Keetac's lifespan isn't clear from public records, but it has about three times more mineral reserves than does Hibtac.

voda 6 maart 2023 06:52

0

Metso Outotec wins order for iron ore pelletizing plants in China

Strategic Research Institute
Published on :
6 Mar, 2023, 4:45 am

Metso Outotec has signed a contract with Beijing Shougang International Engineering Technology for the delivery of two compact sized iron ore pelletizing plants for Chengde Zhaofeng Iron & Steel Group in Hebei province, China. The order value is € 33M. Pellet production at the Zhaofeng plant is estimated to start around the third quarter of 2024.

Metso Outotec’s scope of delivery includes the engineering and design of the indurating and process gas fan systems, supply of proprietary equipment, instrumentation, control systems, as well as supervisory services and technical training. Both plants feature Metso Outotec’s traveling grate pellet indurating furnace with a grate area of 342 square meters. The three-meter-wide plants each have a capacity of 2.6M metric ton per annum.

Metso Outotec’s iron ore pelletizing process produces uniform pellets and ensures high performance and quality with low investment and operating costs as well as decreased energy consumption and emissions.

This is the sixth pelletizing plant contract Metso Outotec has won in China since 2020 and the first order for plants of this size in the Chinese market.

Steel NewsIron OreGreen SteelBSIET

voda 6 maart 2023 06:53

0

MMK Metalurji to Restart Hot Rolling by April

Strategic Research Institute
Published on :
6 Mar, 2023, 4:47 am

Russian steelmaker MMK plans to launch hot-rolling production at its Turkish asset MMK Metalurji by mid-April. As for the cold rolling section, a continuous picking unit and reversing mill, following the earthquake in Turkey, we already launched that a week ago and will restore hot-rolling, which was stopped in November as business activity slowed, in a about a month, says Mr. Viktor Rashnikov, chairman of the MMK, reports Interfax

The polymer coating plant had restarted this week, says Mr. Rashnikov

MMK Metalurji includes an electric steelmaking shop with a casting and rolling module, a cold rolling mill, a steel service center with a continuous hot dip galvanizing plant and a polymer coating plant in Iskenderun, and a steel service center with a continuous hot dip galvanizing plant and a polymer coating plant in Istanbul. The design capacity of the plant is 2.3M metric ton

The Turkish MMK asset, as well as the plant itself and its controlling shareholder Mr. Viktor Rashnikov, were included in the SDN sanctions list last summer. OFAC's license to wind down operations with MMK Metalurji was issued until the end of January 2023.

Vertraagd	21 feb 2025 17:35
Koers	27,050
Verschil	0,000 (0,00%)
Hoog	27,270
Laag	26,840
Volume	1.778.340
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