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voda 23 maart 2023 07:02

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British Steel Rails Supporting Llangollen Railway’s Line

British Steel’s Scunthorpe Rail has supplied the Llangollen Railway with a second delivery of 56E1 flat-bottom rail, helping one of North Wales’ top heritage attractions prepare for an exciting year ahead. Last year’s delivery of rail allowed the line to extend its journey to Corwen by 2.5 miles, and the latest delivery is now being used to replace existing track in two areas midway along the line. Mr. Terry Pickthall, Llangollen Railway Press and Communications Officer, said that the recent delivery of British Steel 56E1 rail has allowed them to replace a sizeable section of worn rail between Berwyn and Glyndyfrdwy stations in time for the busy Easter operations in April.

The railway, which is the only standard gauge heritage line in North Wales, runs through the Dee Valley, an Area of Outstanding Natural Beauty. The railway starts at Llangollen Station and runs for 7.5 miles following the River Dee upstream to Carrog. The installation of last year’s delivery of flat-bottom rail allowed the line to extend its journey to Corwen Station, and Terry said that the team is putting the finishing touches to the new station at Corwen, which will be a great asset to their operations.

The former British Rail Ruabon to Barmouth line closed to passenger traffic in 1964, and in 1975, the heritage railway was started by a group of enthusiasts who saw the potential for a scenic line through the Dee Valley. Relaying further track is planned for later this year, which will take around two years, and Scunthorpe Rail is looking into supplying its corrosion-resistant Zinoco® rail for the tunnel section. The Zinoco rails are coated in zinc, which forms a protective barrier against corrosion, and its super-hydrophobic finish also repels water, making it a perfect option for the Llangollen line's corrosive environment.

voda 23 maart 2023 07:02

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Brazil to Not Extend AD Duty on HR Coils from China

The Brazilian Foreign Trade Chamber, Camex, has denied a request from ArcelorMittal, CSN, and Gerdau to reapply anti-dumping measures on hot rolled coil imports from China, which are set to expire on May 21, 2023. The trade chamber believes that no relevant changes have been recorded in the analysis of previous public interest assessments during the years of suspension of such measures. The companies involved in the investigation were Chinese Hebei Iron & Steel, Bengang, Baosteel, and Maanshan Iron & Steel Company.

In 2018, Brazil imposed anti-dumping measures and countervailing duties on Chinese HRC for up to five years. However, these measures were never applied for reasons of public interest, which is a mandatory assessment in anti-dumping or subsidy investigations in Brazil since April 2019.

The petitioners' request covered flat-rolled products of alloy or non-alloy steel, of a width equal to or greater than 600mm, hot-rolled, in sheets of thickness less than 4.75mm, or in coils of any thickness, classified under HS codes: 7208.10.00, 7208.25.00, 7208.26.10, 7208.26.90, 7208.27.10, 7208.27.90, 7208.36.10, 7208.36.90, 7208.37.00, 7208.38.10, 7208.38.90, 7208.39.10, 7208.39.90, 7208.40.00, 7208.53.00, 7208.54.00, 7208.90.00, 7225.30.00, and 7225.40.90.

voda 23 maart 2023 07:03

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MMK INVESTS RECORD RUB 30 BLN IN ENVIRONMENTAL PROGRAMME IN 2022

Leading Russian steelmaker Magnitogorsk Iron & Steel Works has invested almost $440 million in environmental protection measures and the implementation of its Environmental Programs in 2022. The investment includes around $293 million for the construction of large-scale environmental protection facilities. MMK's Environmental Programs for 2022 involved 46 projects across its core focus areas, with 24 completed during the year and work on the remaining 22 set to continue in 2023-2024.

MMK directed the bulk of its funds in 2022 towards reducing air emissions, including $243 million for construction. Key projects included the reconstruction of dust and gas recovery systems, gas discharge ducts, and gas scrubbers in various parts of the company's production complex. MMK also invested in projects to reduce emissions into water, waste management initiatives, and land reclamation projects.

Significant investments were made to construct new environmental structures as part of the extensive modernization of MMK's coke production facilities, including the construction of coke plant No 12 and the reconstruction of its biochemical plant and chemical product recovery and processing plant.

In 2022, MMK reduced gross air emissions by more than 20,000 metric tons (11%) and gross discharges into bodies of water by nearly 500 metric tons (3%). The company also processed all 5.4 million metric tons of currently accumulated smelter slag at specialized plants, decreased the volume of slag dumps by 6.5 million metric tons, and completed the technical stage of its reclamation of the Western quarry of Magnitnaya Mountain, covering an area of 7 hectares. MMK also worked to conserve and develop the biological diversity of its territory and surrounding areas, including planting trees and shrubs and stocking the Magnitogorsk reservoir with fish.

voda 23 maart 2023 07:03

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Colombia Extends AD Duty on Casings & Tubes from China

The Colombian Ministry of Commerce, Industry & Tourism has announced its final decision regarding the anti-dumping five-year review on non-stainless casing and production tubes imported from China. Following a comprehensive evaluation, the MCIT has decided to continue imposing the difference between the FOB base price of $1,914 per metric ton and the declared FOB price, provided that the latter is less than the base price.

This decision comes after a rigorous examination of the facts and data available, including information provided by interested parties during the investigation period. The MCIT's decision is intended to ensure that Colombian companies producing non stainless casing and production tubes are not negatively impacted by unfair trade practices, while also promoting fair competition in the Colombian market.

The imposition of the anti-dumping duty will be valid for a period of five years. This determination reaffirms Colombia's commitment to maintaining a level playing field for its domestic producers and upholding the principles of fair trade. It also highlights the government's efforts to protect the interests of its industries and promote economic growth in the country.

The determination takes effect from the date of publication, valid for a period of five years.

voda 23 maart 2023 07:04

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TMK opens a modern occupational safety and health management center at VTZ

Russia’s leading seamless pipe maker Pipe Metallurgical Company TMK has announced the opening of a state-of-the-art labor protection management center at the Volga Pipe Plant in Russia. Named the "Center for Security Inventions", the new complex has been designed to coordinate industrial safety issues and equip employees with a digital space to practice and enhance their skills and knowledge.

The Center for Security Inventions is spread over three floors of the administrative building of the pipe rolling shop and features open-type offices, meeting rooms, and conference rooms for comfortable communication. It also includes a round-the-clock video monitoring hall, equipped with surveillance cameras that allow operators to analyze images from production facilities. One of the rooms has been dedicated to a virtual reality hall, where employees can work out the skills of safe work and take final tests with the help of the VR simulator, "Safety Polygon".

The complex has been designed in bright colors, incorporating warning signs that are commonly found at industrial sites. It also houses an exhibition stand that showcases modern protective clothing and related accessories.

According to Mr. Sergey Chetverikov, Managing Director of VTZ, the opening of the Safety Invention Center brings to a new level the organization of the entire ash management system at a large industrial enterprise. TMK and VTZ are committed to eliminating production risks by introducing new technologies in the field of occupational safety. The new complex will maximize staff involvement and make the work on accident prevention even more open and effective.

This is not the first initiative by TMK and VTZ to promote safety in the workplace. Earlier, they opened the multimedia safety hall, Steel Safety Room, where digital solutions were used to visualize information about the rules of labor protection and industrial safety. The project allows visitors to undergo introductory training on labor protection in the format of digital reality using a diorama screen, surround sound, and additional materials available in digital format.

voda 23 maart 2023 14:34

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Beursblik: Bank of America zet ArcelorMittal op Kopen

Koersdoel licht omhoog.

(ABM FN-Dow Jones) Bank of America heeft het advies voor het aandeel ArcelorMittal verhoogd van Neutraal naar Kopen en het koersdoel van 30,00 naar 31,00 euro. Dit bleek donderdag uit een analistenrapport van de bank.

Bank of America vindt dat na de recente koersdaling zich een goed instapmoment aandient. Daarnaast lijken de resultaten door het dal heen en kan ArcelorMittal wat dat betreft volgens de bank weer omhoog kijken. Verder is er sprake van een robuust aandeleninkoopprogramma en is het aandeel ten opzichte van de concurrenten lager gewaardeerd.

Het aandeel ArcelorMittal noteerde donderdag op rood Damrak 0,5 procent hoger op 26,37 euro.

Door: ABM Financial News.

info@abmfn.nl

Redactie: +31(0)20 26 28 999

voda 23 maart 2023 14:41

0

Mondiale staalproductie weer gedaald

In februari met een procent.

(ABM FN-Dow Jones) De mondiale staalproductie is in februari opnieuw gedaald, maar wel weer minder sterk dan in januari. Dit bleek donderdag uit cijfers van brancheorganisatie World Steel Association.

In totaal vervaardigden de 63 staalproducerende landen vorige maand 142,4 miljoen ton staal, een daling van 1,0 procent ten opzichte van februari 2022. In januari daalde de productie met 3,3 procent en in december was de afname zelfs bijna 11 procent.

In China, wereldwijd met afstand de grootste fabrikant van staal, steeg de productie in februari met 5,6 procent tot 80,1 miljoen ton.

In de VS daalde de productie met 5,3 procent naar 6,0 miljoen ton.

De EU kende in februari een productiekrimp van 12,6 procent tot 10,3 miljoen ton. In januari daalde de productie met ruim 15 procent.

In Duitsland daalde de productie afgelopen maand met 6,9 procent en in Japan met 5,3 procent.

Door: ABM Financial News.

info@abmfn.nl

Redactie: +31(0)20 26 28 999

voda 24 maart 2023 08:45

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Global Crude Steel Production in February 2023 Shrinks YoY

World crude steel production saw a 1.0% decrease in February 2023 compared to the same month in the previous year, according to data from the World Steel Association (worldsteel). The 63 countries that reported to the association produced a total of 142.4 million metric tons of crude steel in February 2023.
Asia and Oceania produced the majority of crude steel in February 2023, with a combined production of 106.6 million metric tons per year, up 3.0% from the same month in 2022. China, the world's largest producer of crude steel, saw a 5.6% increase in production to 80.1 million metric tons per year in February 2023. India, the second-largest producer, produced 10.0 million metric tons per year, down 1.0%.
Meanwhile, Europe's crude steel production fell in February 2023. The European Union (EU) produced 10.5 million metric tons, down 12.6%, while Europe, Other produced 2.7 million metric tons, down 24.9%. Germany, the largest steel producer in the EU, produced 3.0 million metric tons, down 6.9%. The Middle East saw an 11.5% increase in crude steel production, producing 3.5 million metric tons in February 2023.
In the Americas, North America produced 8.3 million metric tons, down 5.5%, while South America produced 3.2 million metric tons, down 3.1%. Brazil, the largest producer in South America, produced 2.5 million metric tons, down 6.7%.
Russia and other CIS countries, including Ukraine, produced a combined 6.4 million metric tons of crude steel in February 2023, down 21.3%. Russia alone is estimated to have produced 5.6 million metric tons, down 8.6%.
Overall, crude steel production in January-February 2023 was relatively stable compared to the same period in 2022. China produced a total of 168.7 million metric tons in the first two months of 2023, up 5.6% from the same period in 2022, while the United States produced 12.6 million metric tons, down 5.6%. Germany produced 5.9 million metric tons per year, down 8.6%, and Brazil produced 5.3 Million metric tons per, down 5.8%. Iran saw the largest increase in production, with a 21.1% increase in the first two months of 2023 compared to the same period in 2022.

Bijlage:

voda 24 maart 2023 08:46

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Fire in Blast Furnace at ArcelorMittal Gijón Halts Production

On March 22, a scheduled maintenance operation was being conducted in Blast Furnace A at the ArcelorMittal factory in Gijón when an internal reaction occurred, causing pig iron to come into contact with water inside the furnace's crucible. This reaction led to the release of pig iron through the wall of the crucible and the nozzle that was going to be replaced. The cause of the presence of water in the crucible is yet to be determined.
The emergency plan was immediately activated, and personnel were evacuated from the furnace without any personal injuries. The ArcelorMittal Asturias fire brigade, along with the first intervention teams, responded quickly and effectively, leading to the fire being brought under control by 7 pm and subsequently extinguished. Air quality monitoring stations both owned by ArcelorMittal and the regional network in Gijón recorded no environmental impact.
At present, the facility is being cooled down to allow safe access to the furnace to assess the damage. A first inspection has revealed that a breakout occurred in the crucible. Blast Furnace B remains operational.

Bijlage:

voda 24 maart 2023 08:46

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Salzgitter Board Raises Overall Budget for SALCOS® Stage One

The Supervisory Board of Salzgitter discussed the progress made in the first development stage of its SALCOS® (Salzgitter Low C02 Steelmaking) transformation program in a recent meeting. Based on the latest information from the detailed engineering and construction progress, as well as the trend in facility prices, the investment volume for the first stage of the program is now expected to be between €2.2-2.4 billion, an increase from the previous estimate of €1.5-2 billion.

In response to this development, the Supervisory Board voted unanimously to adjust the overall budget, which includes requested state funding.

voda 24 maart 2023 08:46

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US Steel Introduces InduX™ Electrical Steel for Growing EV Market.

U.S. Steel Corporation will start producing its new electrical steel product, InduX™, at its Big River Steel facility in the summer of 2023. The InduX™ steel is ultra-thin, lightweight, and has all the magnetic properties necessary for electric vehicles, generators, and transformers. The better the magnetic properties, the better the motor efficiency, and the more mileage an electric vehicle can achieve.

The new non-grain oriented (NGO) electrical steel line at Big River Steel in Osceola, Arkansas, will produce up to 200,000 short tons of InduX™ steel per year when fully operational, with expected capital expenditures of approximately $450 million funded by cash generated from Big River Steel.

voda 24 maart 2023 08:47

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EUROFER Seeks Industrial Policy for Green Investments in Europe

EUROFER, the European Steel Association, emphasizes the importance of a thriving European steel industry for the EU's strategic autonomy and resilience. Despite this, the EU has transitioned from being a net steel exporter to a major net steel importer, losing 30 million tonnes of sales on the EU and export markets over the past decade. Furthermore, the EU steel industry has lost 26 million tonnes of steel production capacity and 25% of its workforce.
To remain competitive during the greatest transformation of the industry towards climate-neutrality, the EU must adopt innovative and disruptive measures. Otherwise, competitors such as the US and China are likely to create a more attractive investment and production environment for green steel, further threatening the EU's strategic autonomy. It is essential to ensure that steel is at the core of the Green Deal Industry Plan and as an integral part of the Net-Zero Industry Act to transition steel and other energy-intensive industries towards carbon neutrality and enhance circularity while protecting EU industry competitiveness.
EUROFER calls for enabling conditions, including access to sufficient and globally cost-competitive fossil-free energy and primary and secondary raw materials such as steel scrap, better tailored, more certain, clear and flexible funding and financial incentives across the EU, establishment of lead markets for green steel and products, and a trade policy that levels the playing field with global competitors. Additionally, EUROFER prioritizes mainstreaming industrial policy and competitiveness while reducing regulatory burdens in all policy initiatives and legislative proposals, ensuring long-term predictability.

voda 24 maart 2023 08:47

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Tata Steel Acquires Tata Steel Advanced Materials Limited

Tata Steel has announced that it has acquired the remaining 13.5 million equity shares of Tata Steel Advanced Materials Limited (TSAML) from its wholly owned subsidiary, Tata Steel Downstream Products Limited, for a total of approximately ?17.33 crore. The transaction has resulted in TSAML becoming a direct wholly owned subsidiary of Tata Steel. Prior to this transaction, Tata Steel held a 75.94% equity stake in TSAML, with the remaining 24.06% stake held by Tata Steel Downstream Products Limited.
TSAML was incorporated in 2012 as a wholly owned subsidiary of Tata Steel, but has yet to commence operations. It has been identified as the anchor company to pursue business opportunities under Tata Steel's New Materials Business (NMB) in areas such as composites, graphene, and medical materials. By acquiring the entire equity stake in TSAML, Tata Steel aims to strengthen its position in these areas and enhance its focus on NMB.

voda 24 maart 2023 08:47

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Egypt Evaluating Chinese Steel Investment Proposal

Egyptian Prime Minister Mr. Mostafa Madbouli has met with representatives of Xinxing Ductile Iron Pipe Company and Tianjin TEDA, as well as Egypt-TEDA Company, to discuss potential investment projects in the steel industry in Egypt worth $2 billion. The investment project would involve producing ductile iron pipes and steel in the China-Egypt TEDA Suez Economic and Trade Cooperation Zone at Egypt's Red Sea port of Al-Ain al-Sokhna.

The Xinxing Ductile Iron Pipe Company is planning to invest up to $2 billion to establish a production plant for cast iron pipes and steel products over an area of 1.7 million square meters in TEDA Suez. The project is expected to create 2,100 jobs and have an annual production value worth $2.6 billion.

The production facility is expected to be set up during Phase 1 at a total investment of $150 million and the steel products plant would be built during Phase 2 at a total investment of about $1.8 billion.

The TEDA Suez is a joint venture funded by Tianjin TEDA Investment Holding Co. and the China-Africa Development Fund, and is located within the Belt and Road Initiative framework.

voda 24 maart 2023 08:48

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ArcelorMittal Duisburg: New ladle furnace saves CO2

ArcelorMittal's Duisburg site is set to receive a second ladle furnace, with an investment of €11.8 million. The furnace will complement the first, installed in 1991, and will allow for longer treatment times and more energy to be introduced to the 150-ton melt. The additional heating capacity will enable a higher proportion of scrap to be used as a coolant in the converter, resulting in a reduction of CO2 emissions by 57,000 metric tons per year.

The new furnace is set to be installed during ongoing production from November 2023, with commissioning required by April 2024.

The furnace will still be used after the site's planned transition to electric arc furnace technology for climate-neutral steel production.

Bijlage:

voda 24 maart 2023 08:49

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Tata Steel Recognized as 2022 Supplier Engagement Leader by CDP

Tata Steel has been recognized by CDP, a global environmental non-profit charity, as the 2022 'Supplier Engagement Leader' for its outstanding efforts to measure and reduce environmental risks throughout its supply chain. This recognition marks the third time in the last four years that the company has achieved the highest level rating from its suppliers.
Tata Steel is part of the top 8% that has been evaluated for supplier engagement in climate change, based on its 2022 CDP disclosure. This recognition is a testament to the company's commitment to implementing sustainable practices across its supply chain and engaging with customers, suppliers, regulators, policymakers, and other stakeholders to expedite the shift towards a low-carbon economy.

The Supplier Engagement Rating (SER) is an initiative by CDP that measures companies' efforts to engage with their suppliers on climate change. The SER assesses companies based on their performance in governance, targets, Scope 3 emissions, and value chain engagement in the CDP climate change questionnaire. Tata Steel's engagement practices have been hailed as exemplary, with its efforts being recognized with the highest rating of 'A'.

voda 24 maart 2023 08:49

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Max Aicher Selects Danieli for Walking-Beam Furnace for Annahütte

German steelmaker Stahlwerk Annahütte Max Aicher has chosen Danieli Centro Combustion's technology and equipment for a complete walking-beam furnace for billet reheating in Ainring-Hammerau, Germany. This is part of the company's wider modernization plan, with the aim of producing high-quality special steel bars and thread bars used in the technical engineering sector, as well as the automotive and tool industries.

The new 80 metric tons per hour furnace will ensure accurate temperature uniformity and deliver perfectly heated billets, resulting in high-quality rolled products. Moreover, this investment will lead to lower energy consumption and related CO2 emissions, as well as minimizing NOx emissions.

Danieli's patented Hydromab hydrogen-ready burners will be part of the combustion system. The supply order includes furnace power distribution, automation, human machine interfaces, and L1 and L2 process controls with mathematical models to optimize the heating process.

The installation will also feature furnace upstream and downstream material handling equipment, hydraulic systems, and combustion technologies, including the combustion air-preheating and exhaust system.

voda 24 maart 2023 08:50

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MMK Prepares to Launch First Phase of New Coke Plant 12

Russia’s leading steelmaker Magnitogorsk Iron & Steel Works (MMK) has initiated the first phase of construction of a new coke plant to reduce emissions into the environment. The Company has commenced drying and preheating unit No 3 as part of the construction of coke plant No 12. Both units are expected to be operational this summer, marking the completion of the first phase of the project.
Unit No 3 has been prepared for drying and preheating following the completion of refractory brickwork, with permanent and temporary gas pipelines installed from the second collection unit in the plant’s chemical product recovery and processing shop. Pre-commissioning work has begun on unit No. 3, while necessary equipment is being installed at unit No. 4. The quenching chambers for the first of three dry coke quenching units have been prepared and installation work is under way.
MMK aims to modernize its coke and chemical production facilities to meet the objectives under the Federal Clean Air Project and to drastically reduce its environmental impact. The launch of coke plant No 12, with a yearly capacity of 2.5 million metric tons of dry coke, followed by the decommissioning of obsolete coke production capacities, will reduce gross atmospheric emissions by 11,350 metric tons per year, while CO2 emissions will decrease by 2.2 million metric tons per year.
The construction of other facilities at coke plant No 12, including the coal preparation and coke screening units, will continue, with the plant’s first and second units expected to be commissioned in 2024 as part of the second phase of the project.

voda 24 maart 2023 08:50

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Metinvest Organizes Saving Lives Charity Event in Milan

Mr. Yuriy Ryzhenkov, the CEO of Metinvest Group, organized the first charity evening in Milan to raise funds in support of Ukrainians in March 2023, and before that, he gave an interview to Il Secolo. During the interview, Mr. Ryzhenkov discussed his vision for the reconstruction of the country and emphasized the importance of preparing for what comes next.
Reflecting on the impact of the war on Metinvest, Mr. Ryzhenkov noted the stabilization of the situation on the company's foreign assets, particularly in Italy, where production has resumed. The company is currently rebuilding the logistics and supply chains of its two plants in Italy and the UK, which are now operating as usual.
The charity evening held by Mr. Ryzhenkov and the "Saving Lives" project was aimed at thanking their Italian friends and partners for supporting Ukraine and planning for the future. Ryzhenkov praised Italy's strong support for Ukraine, citing the acceptance of Ukrainian friends in Italian homes, the provision of medicines and humanitarian aid, and personal support for the "Saving Lives" project. He also acknowledged the Italian government's political and military support, which reflects the understanding that Ukraine must win.
Looking to the future, Mr. Ryzhenkov expressed his willingness to work with Italian companies to help rebuild Ukraine, stating that Italian companies would become the main actors in the country's recovery. With this positive outlook, Metinvest Group and its CEO are committed to supporting Ukraine and ensuring its future success.

voda 24 maart 2023 08:51

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Primetals to Modernize Cycloconverter at Outokumpu’s Tornio Plant

Primetals Technologies is set to assist Outokumpu, a Finnish stainless steel producer, in upgrading the cycloconverter drive control system and power section for stand No 2 at the stainless DRAPL in Tornio, Finland. The upgrade, which is scheduled for autumn 2023, aims to improve the production line's availability and ensure the drive system's future spare-part supply conditions.

The selection of Primetals Technologies was based on the supplier's adaptable replacement concept and the existing DRAPL's service issues and improvements. The supplier's responsibilities will include the installation of new controller and power sections, upgrading the excitation unit and auxiliary system, and implementing Level 1 software for the new drive system.

The integration of the new system into the existing basic automation control system will leave the interface unchanged.

Vertraagd	21 feb 2025 17:35
Koers	27,050
Verschil	+0,230 (+0,86%)
Hoog	27,270
Laag	26,840
Volume	1.778.340
Volume gemiddeld	2.637.315
Volume gisteren	2.493.470

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