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voda 16 maart 2023 09:08

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Flaorida Approves Buy American Steel Mendate for Public Works Projects

The Senate Appropriations Committee in Florida has given its first approval to a buy American mandate that would require the use of i steel produced in the US in Florida's public works projects. The bill, introduced by Senator Mr. Victor Torres, would mandate that all public works projects in Florida use steel produced in the US, with exemptions only for cases where such products are not available in sufficient quantity or quality. The bill has received bipartisan support and is expected to pass through the Florida Senate. If approved, it will provide a boost to local steel producers and help ensure that Florida's public works projects are built with domestically produced materials.

The bill has garnered support from US’s domestic steel producers who have struggled in recent years due to competition from cheaper imports. They argue that requiring the use of US-produced steel in public works projects would provide a level playing field and help ensure that they can compete on a fair basis.

Opponents of the bill argue that it could increase the cost of public works projects, as US produced steel may be more expensive than imported materials. They also point out that such a requirement could lead to trade disputes with other countries that may impose similar restrictions on US-produced goods.

voda 16 maart 2023 09:09

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Steel Dynamics Lowers Earnings Guidance for Jan-Mar Quarter of 2023

Steel Dynamics, headquartered in Fort Wayne, Indiana, has recently announced its earnings guidance for the first quarter of 2023, estimating a range of $3.47-3.51 per diluted share. Excluding the anticipated costs associated with the startup of its Sinton Texas Flat Roll Steel Mill, which is estimated at $78 million, the company's adjusted earnings for the quarter are expected to be in the range of $3.78-3.82 per diluted share. Despite the compression of metal spreads caused by declining average realized selling values associated with lagging indexed-contracts, Steel Dynamics expects a substantial improvement in profitability from its steel operations in the first quarter, with increased shipments across the platform offsetting this compression. The company has observed strengthening in steel pricing and extended lead times for steel producers, indicating strong demand from the automotive, non-residential construction, energy, and industrial sectors.

To provide some context, Steel Dynamics' sequential fourth quarter 2022 earnings were $3.61 per diluted share. Excluding additional performance-based companywide special compensation of around $0.09 per diluted share and costs of $0.67 per diluted share related to the startup of the company's Texas Flat Roll Steel Mill, its adjusted earnings were $4.37 per diluted share. This illustrates the anticipated improvement in Steel Dynamics' earnings performance for the first quarter of 2023, despite the costs associated with the startup of the Sinton Texas Flat Roll Steel Mill investment.

voda 16 maart 2023 09:09

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Outokumpu Recognized for Sustainability

Outokumpu, the world's top stainless steelmaker, has achieved industry recognition as a leader in sustainability in both the Sustainability Yearbook 2023 and CDP's Supplier Engagement Leaderboard. Outokumpu's inclusion in the Sustainability Yearbook 2023 represents its position among the top performers in sustainability within the steel industry, a distinction it has now earned for three consecutive years. Additionally, the company has been acknowledged for its efforts to reduce emissions in the supply chain and has earned a place on CDP's 2022 Supplier Engagement Leaderboard.

Outokumpu is committed to sustainability, and as a leader in sustainable stainless steel, the company has pledged its commitment to the Science-Based Targets initiative's 1.5 degree Celsius climate target. In 2022, Outokumpu announced an ambitious plan to enhance energy efficiency across its operations. Moreover, Outokumpu has introduced a new product line, Circle Green, which boasts up to 92% lower emissions than the industry average. To enable transparent emission reporting, Outokumpu also offers its customers product-specific carbon footprints.

In addition to its other sustainability efforts, Outokumpu has also taken steps to audit its operating sites in Europe to meet the ResponsibleSteel standard. The company's manufacturing sites in Tornio, Finland, and Avesta, Sweden, were among the first steel plants in the Nordic region to qualify for the auditing stage. By pursuing the ResponsibleSteel certification, Outokumpu demonstrates its commitment to sustainable steel production and social responsibility.

The Sustainability Yearbook is an annual publication that recognizes companies around the world that excel in Environmental, Social & Governance metrics that are financially significant. It is based on the Corporate Sustainability Assessment conducted by S&P Global, which identifies companies leading their industry in recognizing and responding to emerging sustainability challenges and opportunities.

voda 16 maart 2023 09:09

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SHS Stahl-Holding-Saar, Dillinger & Saarstahl Supports People in Turkey & Syria

German steelmaker SHS Group has announced a donation of €50,000 to both the German Red Cross DRK and AWO International, to support their relief efforts in the aftermath of the recent earthquake disaster in the border region of Turkey and Syria. The impact on the people affected by the disaster is enormous, and SHS Group is committed to providing immediate support to these organizations in their critical relief efforts.

The German Red Cross DRK has already brought more than 125 tons of relief goods to Turkey by plane and truck, including blankets, family tents, camp beds, and hygiene packages. They have also sent a relief flight to Syria carrying 20 tons of relief supplies, including urgently needed medicines and medical consumables. The DRK is working closely with the Turkish Red Crescent TRH in the field of mental health care for Syrian refugees in Turkey, while in Syria, they have been supporting the Syrian Arab Red Crescent for years in health care, humanitarian and medical logistics, and capacity building.

AWO International, in collaboration with local NGOs, is providing vital relief supplies, including food, warm blankets, and medicines, to those affected by the earthquake. The organization is also preparing for long-term assistance measures to support people in the affected regions during the emergency. AWO International's close partnership with four local partner organizations in Turkey and Syria enabled it to provide drinking water, food, and warm blankets to people in the immediate aftermath of the earthquake. Currently, the organization is gearing up to provide assistance to 40,000 affected individuals in Turkey and Syria. With its strong network and contacts in Turkey and Syria, AWO International ensures that aid reaches the areas where it is needed most.

voda 16 maart 2023 09:10

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EPA Unveils Good Neighbor Plan to Cut Industrial Smog-Emissions

The US Environmental Protection Agency has recently unveiled the final version of the Good Neighbor Plan, a set of regulations aimed at reducing nitrogen oxide pollution from power plants and other industrial facilities in 23 states across the United States. This rule is expected to have a significant impact on air quality, improving the lives of millions of individuals living in communities affected by smog. By reducing the number of hospitalizations and asthma attacks, as well as decreasing sick days, this measure is set to save lives and improve the well-being of citizens. Moreover, the plan seeks to address the disproportionate impact of smog on environmental justice communities, making it a crucial step towards delivering much needed emissions reductions.

By reducing smog-forming nitrogen oxide pollution from power plants and other industrial facilities, millions of people living in downwind communities will benefit from improved air quality. The program is expected to result in important emissions reductions for environmental justice communities, addressing the significant contribution of upwind states to downwind smog. The implementation of the rule is projected to reduce ozone season NOX pollution by approximately 70,000 tons from power plants and industrial facilities in 2026. Furthermore, by 2027, the emissions budget for power plants will reflect a 50% reduction from 2021 ozone season NOX emissions levels. The EPA estimates that in 2026 alone, the final rule will lead to significant public health benefits. These include preventing approximately 1,300 premature deaths, avoiding more than 2,300 hospital and emergency room visits, cutting asthma symptoms by 1.3 million cases, avoiding 430,000 school absence days, and preventing 25,000 lost work days.

This program will reduce ozone season NOx emissions by approximately 45,000 tons from various emission sources, including reciprocating internal combustion engines in the pipeline transportation of natural gas, kilns in cement and cement product manufacturing, reheat furnaces in iron and steel mills and ferroalloy manufacturing, furnaces in glass and glass product manufacturing, boilers in various manufacturing industries such as iron and steel mills, ferroalloy manufacturing, metal ore mining, basic chemical manufacturing, petroleum and coal products manufacturing, and pulp, paper, and paperboard mills, as well as combustors and incinerators in solid waste combustors or incinerators.

Reducing smog also brings significant economic benefits. According to estimates, the annual net benefits, after taking into account the costs, would be $13 billion per year from 2023 to 2042.

Under the Clean Air Act, the Environmental Protection Agency is required to issue a federal plan to tackle pollution that contributes significantly to the unhealthy levels of ground-level ozone or smog formed from nitrogen oxide emissions that cross state boundaries. Exposure to ground-level ozone can cause respiratory issues, aggravate asthma, and other lung diseases, leading to missed work or school days, emergency room visits, and even premature deaths. These health impacts can be especially damaging to children, older adults, people of color, families with low-incomes, and other vulnerable populations, resulting in significant costs to public health.

voda 16 maart 2023 09:11

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US Steel to Close 3 Old Batteries at Clairton in Mon Valley Works

US Steel is set to commence the closure process for three 60-year-old coke-making batteries, namely batteries 1, 2, and 3, at its Clairton Plant located at Mon Valley Works in Clairton city, Allegheny County, Pennsylvania. The process is expected to take six days and is scheduled to be completed by the end of March 2023. The move is aimed at reducing emissions from the facility and supporting US Steel's climate goals. Over 100 employees have been working on the project for over a year to prepare for the closing. According to US Steel spokesperson, Ms. Amanda Malkowski, the Clairton Plant currently has 10 batteries, and the closure of the three batteries will leave 7 operational batteries.

The total number of employees at the Mon Valley Works being around 3,000, it is significant that the battery closures will only reduce the workforce by approximately 130 positions. This reduction will be offset by reassignments and retirements, which will help to minimize the impact on the affected employees.

It is worth noting that the Allegheny County Health Department has imposed a fine of $307,800 on US Steel on 16 March 2023 for Article XXI Air Pollution Control violations that took place at the Clairton Coke Works during the second quarter of 2022. This is not the first time that ACHD has fined US Steel, as the company has been fined multiple times in recent years. As per the agreement reached between ACHD and US Steel in June 2019, 90% of the penalties will be paid to the Community Benefit Trust for impacted communities, while the remaining 10% will go to the Clean Air Fund. In addition, the ACHD had issued another fine of $458,225 against US Steel in December 2022 for violations that occurred during the first quarter of the same year at the Clairton Coke Works.

Currently, the Clairton Plant is the largest coke production facility in the United States, with an annual production output of approximately 4.7 million tons of coke.

voda 16 maart 2023 09:11

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US Maintains AD Duty on Wire Rod from 10 Countries

The US Department of Commerce has recently conducted an investigation into the impact of revoking antidumping duty orders on carbon and certain alloy steel wire rod from multiple countries, including Belarus, Italy, Korea, Russia, South Africa, Spain, Turkey, Ukraine, UAE and the UK. The investigation found that the revocation of these orders is likely to result in the continuation or recurrence of dumping. The Department determined that the extent of the dumping margins would vary significantly across countries, ranging from 4.44% for Turkey to 756.93% for Russia.

The US Department of Commerce conducted expedited sunset reviews of antidumping duty orders on carbon and certain alloy steel wire rod after Charter Steel, Commercial Metals Company, Liberty’ Steel USA, Nucor Corporation and Optimus Steel notified US Department of Commerce of threat of injury to US producers

The Orders cover certain carbon and alloy steel wire rod merchandise, which is classified under various subheadings in the HTSUS including 7213.91.3011, 7213.91.3015, 7213.91.3020, 7213.91.3093, 7213.91.4500, 7213.91.6000, 7213.99.0030, 7227.20.0030, 7227.20.0080, 7227.90.6010, 7227.90.6020, 7227.90.6030, and 7227.90.6035.

voda 16 maart 2023 09:11

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Centravis to Commission 2 More Stages at Uzhgorod Plant

Centravis, a Ukrainian pipemaker, is currently expanding its production site for instrumentation tubing in Uzhgorod. The site was commissioned in February 2023, at a cost of $1.4 million, to supply tubes for car manufacturers such as Volkswagen, Audi, BMW, and Chevrolet. According to Uzhgorod Head, Mr. Sergei Shadsky, the company plans to complete the second stage of construction by summer and is already planning the third stage.

Centravis was established at Nikopol Stainless Pipe Plant of the YUVIS Production and Commercial Enterprise service and trading companies. Members of the Atanasov family are its shareholders. Centravis changed jurisdiction from Cyprus to Switzerland in January 2023. It is expected that the change of jurisdiction will help the company improve its credit rating and raise longer-term and lower-cost funds for production development in Ukraine.

voda 16 maart 2023 09:12

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Desktop Metal & CETIM Qualify 304L SS for 3D Printing on Shop System™

Desktop Metal, a leading additive manufacturing technology company based in Boston, USA, has partnered with CETIM, a French technical center for mechanical industries and one of Europe's largest industrial research organizations, to announce the qualification of 304L stainless steel for binder jet 3D printing on the Shop System™. This new development enables the simplified production of complex parts without the need for tooling or machining.

With the addition of 304L, the Shop System material portfolio now boasts five qualified materials for printing. In addition to 17-4PH and 316L, IN625 and Cobalt-Chrome have also been qualified. Furthermore, IN718 is fast-tracked for final development on the Shop System. After printing, 304L stainless steel is sintered in an Ipsen graphite furnace and meets or exceeds the minimum tensile properties and chemical composition outlined in the ASTM A240 standard.

Further development is underway to qualify binder jet 3D printed 304L for use in food-processing equipment and applications involving welding.

CETIM, which collaborated with Desktop Metal on parameter development for 304L, will now offer the material on the mid-sized Shop System binder jet 3D printing system. This move will support the quick production of critical replacement parts in the French energy sector, including those used in fuel processing and nuclear components.

As a technical center that closely collaborates with industrial companies to identify market opportunities and facilitate innovation and technical progress, CETIM was an early adopter of the Shop System, the Production System™ P-1, and also owns a Desktop Metal Studio System™, a Bound Metal Deposition metal printing system.

304L is an austenitic stainless steel and one of the most commonly used varieties of stainless steels. With its high tensile strength, corrosion resistance, and durability, it is a popular material for a wide variety of applications in both home and commercial settings, such as structural components, food processing equipment, fluid transfer components, and welded components.

voda 16 maart 2023 09:12

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Indian HRC gains on small-tonnage European deals
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Amid fluctuations in global market sentiment, Europe continues to remain India’s favourite market for hot rolled coil sales, mainly on the back of better-paying, small-quantity buyers. Elsewhere, because of stiff competition from China and lower bids, Indian mills are unable to attain their desired price, sources tell Kallanish.

According to sources, demand for bulk tonnages is not as aggressive as it was in previous months; moreover, competition from Vietnam and Japan has further narrowed the scope of bulk exports for India.

According to a market participant, an Indian mill received bids for a bulk-tonnage HRC cargo at around $795-800/tonne cfr southern Europe; however, the deal has not yet been concluded. The mill’s target price is noted at $810-815/t cfr southern Europe, netting back to $750-755/t fob India.

Meanwhile, one Indian mill sold around 3,000 tonnes of a mix of regular and 2-metre-wide structural HRC through a trading firm at $830-835/t cfr France. Following this deal, all Indian majors raised their offers to $830-840/t cfr Antwerp or Bilbao for small tonnages of regular-sized structural HRC.

“[Large-] volume bookings in Europe are down on the slowed sentiment prevailing there,” says a trading source. “Customers like small re-rollers and service centres with acute HRC requirements are paying more.”

Indian mills’ appetite for large-volume deals is low, as they are looking to earn more profit by selling smaller lots in Europe. “They [Indian mills] do not have much to offer, hence they are trying to attain the maximum number,” opines another source.

Following a few small-tonnage deals for cold rolled coil in Europe last week at $890-895/t cfr Antwerp, Indian mills are now indicating around $900-910/t cfr Antwerp for DC-01 grade CRC. Meanwhile, offers for Z100 0.58mm zinc-coated steel were noted at $1,040-1,050/t cfr Antwerp.

Amid the presence of competitive Japanese and Chinese offers in the Gulf Cooperation Council, Indian mills could not conclude any large-tonnage deals. Only one Indian mill was reportedly offering in the region, at $735-740/t cfr GCC, and managed to sell only 1,000-2,000t of structural grade HRC at these levels. A source informs Kallanish the mill has withdrawn its offers from the market and currently no Indian mills are active in the region.

“Chinese offers went up this week, hence Indian mills also wanted to raise their offers ... I think because of this, they withdrew from the market,” opines a trading source.

In the Indian domestic market, offers for E250 grade HRC are noted at INR 60,750-61,500/t ($733) ex-Mumbai versus imported HRC offers at INR 59,000/t ex-Mumbai. Meanwhile, offers for E350 and GP coils are being heard at INR 63,000-63,500/t and INR 72,500-73,000/t ex-Mumbai, respectively.

"Mills, after concluding small-tonnage deals in Europe, are mulling raising sentiment in the domestic market, but there is resistance from the buyer’s side; retailers are thus struggling to sell material,” informs a domestic market source.

Sayed Aameer India

voda 17 maart 2023 07:58

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HY2DEC to Develop Green Hydrogen Production Project in Spain

The HY2DEC project is a recent initiative by a Spanish consortium comprising of seven members, with Tubacex, Spain's leading stainless steel pipemaker, as its leader. The project aims to research innovative technologies for the production and utilization of green hydrogen to aid in the decarbonization of the intensive industry in Spain. Tubacex has taken the lead in the research project titled "Research of new technologies for the production and use of green hydrogen for the decarbonization of the Spanish intensive industry or HY2DEC for short. The project has been included in the Missions Program of the Center for the Development of Industrial Technology after achieving the third-highest score in the latest program edition. Overall, the HY2DEC project will investigate new ways to produce and utilize green hydrogen, which will contribute significantly to decarbonizing Spain's intensive industry.

The Hy2DEC project has set out to tackle the challenges of decarbonizing the intensive industry by promoting the sustainable production and utilization of hydrogen and green oxygen, as well as CO2 capture to achieve a positive balance of emissions. In addition to conducting experimental research, the project will also analyze the gaps and requirements of intensive industry processes to make progress in their decarbonization efforts. The project will evaluate potential solutions that can be provided by the technologies under study in the context of two use cases, namely steel and ceramics. Overall, the Hy2DEC project aims to contribute significantly to the sustainable decarbonization of the intensive industry through innovative approaches to hydrogen production and utilization, as well as CO2 capture, while also identifying and addressing the gaps and needs of intensive industry processes.

With a total budget of €5.9 million, the project is scheduled for completion in 2025, by which time the prototypes developed by the participating agents will have been scaled up and industrialized.

The Hy2DEC project will be researching technologies that can be grouped into three main axes. Firstly, the project aims to advance the knowledge and implementation of two emerging technologies in the field of green hydrogen production by electrochemical means. This will involve exploring innovative approaches to producing green hydrogen in a more sustainable and cost-effective manner.

Secondly, the project will focus on the research of new designs and heat generation devices that implement the use of green hydrogen as fuel. This will involve investigating ways to integrate green hydrogen into existing intensive industry processes to reduce their carbon footprint.

Lastly, the third technological pillar will be oriented towards studying and implementing CO2 capture technologies. The project aims to find ways to capture CO2 emissions from intensive industry processes, including the valorization of waste from the industry involved. By doing so, the project will make a significant contribution to the circular economy and promote more sustainable industrial practices.

The HY2DEC consortium comprises of Torrecid, Técnicas Reunidas, GHI Hornos Industriales, Gecsa Conductores Y Conexiones Especiales, Orchestra Scientific, and Kerionics, all of whom will contribute their expertise to the project. In addition, the project will also benefit from the participation of seven research organizations, namely CEIT, ICIQ, ICP (CSIC), IKERLAN, INCAR (CSIC), ITQ (CSIC), and Tecnalia. These organizations bring a wealth of knowledge and experience to the project, ensuring that the research is comprehensive and cutting-edge. Each company in the HY2DEC project will bring its expertise to advance research in different aspects:
• Acerálava of Tubacex Group will focus on reducing natural gas consumption and CO2 emissions by optimizing overall energy consumption and waste valorization.
• Técnicas Reunidas will research emerging technologies for hydrogen and green oxygen production, proton membrane electrolysis cell electrolyzer, and CO2 capture from industrial emissions for decarbonization.
• Torrecid will research ceramic materials for ceramic membranes in electro catalysis processes for hydrogen generation, as well as carbon dioxide capture processes and their integration into melting furnaces.
• GHI will research furnace heating systems that use renewable energy sources and energy efficiency systems to reduce greenhouse gas emissions by at least 50%.
• Gecsa will develop a new power electronics solution to strengthen current solutions for electrolysis plants and melting furnaces.
• Orchestra will research a new CO2 absorption technology using TAMOF-1 on an industrial scale in the form of pellets or granules.
• Kerionics will develop a new generation of electrochemical cells for energy-efficient water electrolysis at temperatures below 600°C.

voda 17 maart 2023 07:58

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Ministry of Steel to Sign MoU with Companies under PLI Scheme Today

On March 17, 2023, the Ministry of Steel in India will host an event at Vigyan Bhawan in New Delhi for signing Memorandums of Understanding with selected companies under the Production Linked Incentive scheme for specialty steel. During the event, a total of 57 MoUs from 27 companies covering 20 sub-categories will be signed. The occasion will be attended by the Union Minister of Steel and Civil Aviation, Mr. Jyotiraditya M. Scindia, as well as senior officials from the Ministry of Steel and the participating companies.

The Production Linked Incentive Scheme for Specialty Steel was approved by the Union Cabinet in July 2021. The scheme offers incentives worth ?6,322 crore ($850 million) over a five-year period to companies that produce high grade specialty steel, which is used in various strategic industries such as defense, aerospace, and nuclear power. Under the PLI scheme, companies that invest in the production of specialty steel will receive financial incentives based on their incremental sales. The incentives will range from 4% to 12% of the incremental sales, depending on the grade of steel and the extent of investment made by the company.
The Steel Ministry announced in December 2022 that 67 applications from 30 companies have been selected for the Production Linked Incentive scheme in India. Among the country's top five integrated steelmakers, Tata Steel leads with clearance for nine product categories, followed by JSW Steel and Jindal Odisha with six each, AMNS India with four, and SAIL with two.

• Tata Steel's product categories include Auto Gr Steel AHSS (CRCA), CRNO, Tin Mill Products, Coated/Plated Products of Metallic/Non-Metallic Alloys, Al-Zn Coated (Galvalume), Alloy Steel: Bearing Steel, Automotive Powertrain Steel, Tyre Bead Wire, and Tyre Cord (Brass Coated).

• JSW Steel's cleared product categories are HR Coil, Sheets & Plates API Gr 52<=x<=70, High Tensile Sheets, Coil, Plates, YS>=450, CRGO, CRNO, Tin Mill Products, and Color Coated.

• Jindal Odisha's cleared categories include HR Coil, Sheets & Plates API Gr 52<=x<=70, High Tensile Sheets, Coil, Plates, YS>=450, Auto Gr Steel AHSS (CRCA), Tin Mill Products, Coated/Plated Products of Metallic/Non-Metallic Alloys, and Galvanneal/GL-Auto-Gr.

• AMNS India's cleared categories are HR Coil, Sheets & Plates API Gr 52<=x<=70, High Tensile Sheets, Coil, Plates, YS>=450, Coated/Plated Products of Metallic/Non-Metallic Alloys, and Galvanneal/GL-Auto-Gr.

• Finally, SAIL's cleared categories are Asymmetric Rails and Head Hardened Rails.

voda 17 maart 2023 07:59

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US Steel Restarts Gary Works BF 8 as HR Prices Surge to $1100

According to Argus , US Steel has restarted its last remaining idled blast furnace No. 8, which has a capacity of 1.5 million short tons per year. The blast furnace had been idle since September 7, 2022, at the company's Gary Works steel mill in Indiana. This decision was made due to an improvement in demand and a surge in hot-rolled steel prices. Gary Works steel mill serves the flat rolled steel market exclusively. This comes after US Steel had restarted its idled No. 3 blast furnace, which has a capacity of 1.4 million short tons per year, at its Mon Valley Works in Pennsylvania a month ago.

The price of hot rolled steel, which had declined to about $800 per short ton in September 2022, has since recovered to about $1100 per short ton, approximately $1210 per metric ton.

voda 17 maart 2023 08:00

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Volvo CE Delivers Hauler to CRH Made with Fossil Free Steel from SSAB

Sweden headquartered leading supplier of equipment’s for construction 7 mining Volvo Construction Equipment marked a significant milestone at CONEXPO 2023 in Las Vegas on 16 March 2023 by handing over the keys to the second construction machine ever made from fossil free steel. The machine, an A30G articulated hauler, was purchased by Pennsy Supply, a CRH company and a loyal Volvo CE customer, for use at its East Petersburg Quarry in Pennsylvania, USA.

Volvo CE produced the hauler using fossil-free steel supplied by Swedish steelmaker SSAB, which uses a revolutionary production process that relies on fossil-free electricity and hydrogen, resulting in a remarkable reduction in CO2 emissions, by at least 90%. The use of fossil free steel aligns with Volvo Group's commitment to reducing its carbon footprint and mitigating climate change.

Volvo Group first introduced the world's first fossil free steel vehicle in October 2021, followed by Volvo Trucks' adoption of fossil-free steel parts in May 2022. In June 2022, Volvo CE became the first construction equipment manufacturer to deliver a machine made entirely from fossil free steel to NCC, marking a significant step forward in the industry's efforts to reduce carbon emissions.

voda 17 maart 2023 08:00

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Furniture Maker Vestre to use SSAB’s Fossil Free Steel

Gothenburg headquartered 107 year old Swedish steelmaker SSAB and Norwegian furniture manufacturer Vestre have formed a partnership to create furniture using fossil-free steel. Vestre is committed to promoting sustainable materials and production techniques, with the goal of offering the most sustainable product possible to meet the growing demand of environmentally-conscious customers.

According to Vestre's Chief Sustainability Officer, Mr. Øyvind Bjørnstad, using SSAB's fossil-free steel could reduce their overall carbon footprint by around 60%. The collaboration comes as the European Union's mandatory carbon dioxide quotas increase, placing greater pressure on the steel industry to reduce emissions. The HYBRIT process used by SSAB to produce fossil free steel could provide an important solution for companies like Vestre striving for a net zero future.

“It's wonderful to embark on this sustainability journey with Vestre, as they share our vision of reducing the carbon footprint across the value chain. Additionally, this collaboration highlights the diverse range of applications for our fossil-free steel” stated Mr. Thomas Hörnfeldt, Head of Sustainable Business at SSAB.

voda 17 maart 2023 08:01

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Ashoka Centre for People Centric Energy Transition Launched

Ashoka University has recently launched the Ashoka Centre for a People-centric Energy Transition with the goal of becoming a world-class knowledge institution that supports India and the Global South in achieving their economic growth, energy security, and net-zero ambitions. As India's energy needs continue to grow, the country is experiencing a shift in its energy sector, with the rise of electric mobility and discussions about creating a domestic carbon market. Furthermore, India has high ambitions for the use of hydrogen as a source of energy. To manage this transition successfully, there is a need for a center that thinks holistically, prioritizes economic growth and job creation, and engages in a two-way dialogue with the market and the government. Ms. Mahua Acharya, Director of ACPET and former MD & CEO of Convergence Energy Services of the Government of India, believes that a people-centric approach is essential to achieving these goals.

ACPET is focused on developing sustainable solutions to India's energy needs, and it will be organized into three research verticals.

Firstly, the Decarbonisation vertical will be dedicated to identifying opportunities to decarbonize India's economy in both the near and middle-term. It will focus on supporting the creation of new manufacturing capacity in a sustainable manner, ensuring that India's economic growth is aligned with its net-zero ambitions.

Secondly, the Net Zero Energy Future vertical will work towards developing a vision for a sustainable society in line with India's vision and the principles of Lifestyle for Environment. This vertical will explore ways to reduce India's carbon footprint and achieve a net-zero energy future.

Finally, the Energy Finance vertical will focus on identifying methods to attract domestic and international capital into Indian economic sectors. This will be critical to funding the transition towards sustainable energy systems and promoting economic growth while also ensuring environmental sustainability.

Through these three research verticals, ACPET aims to become a leading knowledge institution that supports India and the Global South in achieving their net-zero ambitions while also promoting economic growth and energy security.

ACPET has launched its debut project, which is the development of a draft Integrated Energy Policy for India. This policy will serve as a critical roadmap for India's energy transition, and ACPET's work in this area will be instrumental in supporting India's economic growth, energy security, and net-zero ambitions.

ACPET recognizes the importance of collaboration and partnership in achieving India's clean growth objectives. To this end, ACPET will work closely with the Indian industry and the government to generate insights and models that support the transition to sustainable energy systems.

Furthermore, ACPET will offer courses at undergraduate, postgraduate, and executive levels. These courses will be designed to equip students with the knowledge, skills, and expertise needed to support India's clean growth objectives. Through its partnership with the Indian industry and government and its educational offerings, ACPET is poised to become a world-class knowledge institution that not only generates valuable insights but also trains the next generation of leaders in sustainable energy systems.

voda 17 maart 2023 08:01

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ISA Seeks Support to Secure Coking Coal for 300MMT Steel Target

Indian steel companies have requested a definitive and time-bound roadmap from their government for assured supplies of 161 million metric tons per year of coking coal if the national target of 300 million metric tons per year of steelmaking capacity is to be achieved by 2030, according to a media report. The Indian Steel Association presented their proposal before the Ministry of Steel, noting that steel capacity creation is directly linked to assured availability of coking coal and reduced import dependency, while also emphasizing the need for diversified global sourcing for this critical raw material.

The ISA's presentation was made during the sixth meeting of the Advisory Group for Integrated Steel Plants set up by the Ministry of Steel to monitor issues and challenges faced by domestic steel producers to achieve targets set in New Steel Policy 2017. The government and domestic steel companies have agreed to collaborate on a medium-term plan to diversify coking coal sourcing from countries such as Mongolia, Russia, Canada, and the US.

Presently, India produces around 44 million metric tons per year of coking coal, while imports account for another 50-55 million metric tons per year, resulting in about 95-100 million metric tons in total. This amount is sufficient to feed the existing blast furnace capacity of about 77 million metric tons per year, considering a requirement of 700-800kgs per metric ton of hot metal, according to industry estimates.

voda 17 maart 2023 08:01

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Jindal Stainless to Address Future Needs of Defense & Aerospace Sector

India's largest stainless steel manufacturer, Jindal Stainless, recently hosted a conference on Strategic Defense Materials in partnership with the Ministry of Defense and the Indian Army in Hisar. The conference saw discussions on a variety of topics, ranging from futuristic requirements of the defense sector to challenges faced in indigenization and DRDO's vision for domestic manufacturers.

As part of its commitment to promoting indigenous manufacturing in the Defense & Aerospace sector, Jindal Stainless has established Jindal Defense & Aerospace as a dedicated business unit. Since 2018-19, JDA has been supplying materials to the Defense Research and Development Organization for their missile program.

At present, JDA offers a wide range of products for various applications, including specialty steel for missile and Satellite Launch Vehicle applications, Submarine Rocket Launchers, Armor Steel, and High Nitrogen Steel, all produced using the company's patented technology at its manufacturing facilities in Hisar, Jajpur, and Patherdi.

Over the last 2-3 years, Jindal Stainless's Aerospace and Defense venture has facilitated import substitution for a majority of these applications, thereby strengthening the strategic defense arm of the country.

voda 17 maart 2023 08:02

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US Steel Gives Bullish Guidance for Jan-Mar’23 Quarter

United States Steel has released its guidance for the January-March quarter of 2023, with adjusted EBITDA expected to reach approximately $375 million, and adjusted net earnings per diluted share anticipated to fall within the $0.58-0.63 range. According to the company's President & CEO, Mr. David B Burritt, there is a positive momentum building in the North American flat rolled market, and the company is becoming increasingly bullish about its performance in 2023.

Mr. Burritt went on to explain that US Steel's Flat-rolled segment order book shows wide-ranging demand improvement, while the Mini Mill segment's order book is also on the rise, with its cost structure continuing to normalize. The company is absorbing higher priced metallics purchased at the onset of the Ukraine war. In Europe, demand has improved, and positive EBITDA was returned in February, thanks to the company's focus on continuous improvement. In Tubular, US Steel is expecting another quarter of improving EBITDA performance, as seamless pipe prices and order entry remain healthy in the first quarter.
Mr. Burritt concluded by saying that US Steel's high-return strategic projects are on-time and on-budget, and that the Gary pig iron project is already contributing to the Mini Mill segment's normalizing cost structure. The Big River Steel non-grain oriented electrical steel line is also expected to be commissioned this summer. With a strong balance sheet, strategic investments, and continued direct returns to stockholders, the company is creating shareholder value that will last beyond the present.

voda 17 maart 2023 08:02

0

Vietnam’s Steel Output & Sales Fall in January-February

The Vietnam Steel Association has reported that finished steel production in Vietnam for February 2023 reached 2.35 million metric tons, representing a 22% increase compared to January. Meanwhile, steel product sales in the country rose by 18% compared to January, totaling 2.08 million metric tons.

During the January-February 2023, steel production in Vietnam fell by 16% YoY to 4.28 million metric tons, while steel sales decreased by 23% YoY to 3.85 million metric tons. These figures indicate a challenging environment for the industry in Vietnam, with declining sales likely due to pandemic-related restrictions and reduced demand from key markets. However, the increase in finished steel production in February suggests some recovery in the sector, which may be an encouraging sign for the future.

In January 2023, Vietnam saw a significant decline in its imports of finished steel, which decreased by 37% compared to the previous month, and were down by 42% YoY, totaling 592,000 metric tons. At the same time, the country's exports of finished steel reached 672,000 metric tons, representing a decrease of 18% MoM and 18% YoY.

These figures suggest a reduction in demand for steel in the country, which may be attributed to the pandemic-related restrictions and other factors impacting global trade. However, Vietnam's steel industry remains an important player in the region, and the country's exports demonstrate its continued competitiveness in the global market.

Vertraagd	21 feb 2025 17:35
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