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voda 4 april 2023 14:49

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Ukraine Seizes Assets of Electrometallurgical Plant Dniprospetsstal

The assets of Ms. Oksana Marchenko, the wife of former Ukrainian MP Mr. Viktor Medvedchuk, have been seized by a court on suspicion of financing Russian occupation groups, according to the Ukrainian Security Service (SBU), reports Interfax. The seized assets are said to be worth more than $12 million and consist of 6.8% of the shares of Electrometallurgical plant Dniprospetsstal in Zaporizhia, which Ms. Marchenko controls through three offshore companies.

The plant is a strategically important enterprise that specializes in the industrial production of almost 1,000 types of steel and hardware. The SBU has stated that the seizure of the assets will protect them from re-registration and enable their transfer to the benefit of the state.

In February 2021, the property of Mr. Medvedchuk's wife worth over $150 million was seized by the SBU. The investigators of the Security Service have already informed the accused about suspicion under Part 3 of Article 110-2 of the Criminal Code of Ukraine. Currently, an investigation is underway to establish all the circumstances of the crime and bring the perpetrators to justice.

The Ukrainian government has repeatedly accused Mr. Viktor Medvedchuk of being a key figure in promoting Russian interests in Ukraine and has taken steps to limit his influence.

Electrometallurgical Plant Dniprospetsstal is one of the largest enterprises in Ukraine specializing in the production of high-quality steel and alloy products. The plant is located in the city of Zaporizhia, in the south-eastern part of Ukraine. It was founded in 1932 and today produces more than 1,000 types of steel and hardware. The plant's products are widely used in various industries, including construction, aviation, automotive, and energy. It exports its products to over 50 countries around the world. The plant has a high level of automation and modern equipment, which allows it to produce steel with high precision and quality.

voda 4 april 2023 14:49

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EU to Change TRQ’s for Plates & Sections Imports into Ireland

EU has issued a notice which concerns Union tariff rate quotas and other import quotas for certain products transferred to Northern Ireland. The amendment is set to enable certain steel products originating from the UK and directly consigned to Northern Ireland to benefit from relevant Union tariff rate quotas. As a result, Tariff Rate Quotas (TRQs) must be created for these product categories.

The amendment covers Non Alloy and Other Alloy Quarto Plates (category 7) and Angles, Shapes and Sections of Iron or Non Alloy Steel (category 17). The amendment will provide clarity and reduce ambiguity regarding the eligibility of certain steel products under the Union tariff rate quotas.

The Commission has outlined a methodology for calculating the volume of these new TRQs, which involves using statistical data and taking into account the availability of such products in the EU market. The new TRQs are set to be effective from April 1, 2023, and will be in place until December 31, 2025.

The creation of these TRQs is part of the EU's steel safeguard measures, which were implemented in 2018 to address the impact of global overcapacity in the steel sector. The measures aim to prevent the diversion of steel from countries subject to safeguard measures to the EU market.

The proposed amendment has been published in the Official Journal of the European Union and is subject to a four-week consultation period. The Commission has called on interested parties to provide feedback on the proposal

voda 4 april 2023 14:50

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POSCO Yamato Vina Steel to Create Robust Sales Network

POSCO Yamato Vina Steel, a joint venture between POSCO and Yamato Holdings, is considering building a second facility in Vietnam. The general manager of POSCO Yamato Vina, Mr. Lee Youngwoo, stated that the company wants to create a “robust sales network” throughout Vietnam while increasing scrap supply security

Posco Yamato Vina's production focus on H-shaped steel may be a sign of growth that could potentially attract foreign investment into the sector. Free trade agreements have helped the steel sector expand its market and attract foreign direct investment.

Vietnam became the top steel producer in Southeast Asia in 2016, when output exceeded 17 million metric tons and domestic demand reached 22.6 million metric tons. However, there has been a surplus of steel capacity that is causing concerns about the profitability of certain projects.

voda 4 april 2023 14:50

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Cogne Acciai Speciali Starts EVO Electric Grinding Machine

Cogne Acciai Speciali, one of the leading manufacturers of long-product steel alloys, has recently commissioned a new grinding plant at its Aosta plant in Italy. This state-of-the-art grinding plant is equipped with a Danieli HGS200 EVO electric grinding machine, which utilizes artificial intelligence and is the world's first fully electric grinder. The EVO electric grinder is optimized for electric consumption and energy recovery from decelerating masses, resulting in 25% lower electrical energy consumption, improved operational efficiency, and accuracy.

One of the most significant advantages of this new billet grinder is its ability to produce four to five times more finished material than the previous operation, while each billet has a unique code, and only a minimal amount of steel is removed, improving product yield. This innovative approach to steel conditioning offers an environmentally friendly solution, resulting in a rapid return on investment.

The EVO billet grinders are designed to operate in a fully automated mode, requiring fewer people for operation, thereby increasing productivity by up to five times.

According to the CEO of Cogne Acciai Speciali, Mr. Massimiliano Burelli, and meltshop and caster manager, Mr. Flavio Bego, this new EVO electric grinder offers numerous environmental benefits, increases safety and productivity, and reduces operating expenses.

The EVO billet grinders feature Danieli-patented HiGrind© technology for constant grinding depth, even with billets that have irregular surfaces or curved shapes, ensuring depth tolerances ±10%. These grinders employ the latest linear motors and actuators, providing flexibility, precision, and easy programming. Additionally, the new plants eliminate concerns about oil circuits, oil leakages, maintenance, and related costs.

Cogne Acciai Speciali is an Italian company that specializes in the production of long-product steel alloys. Founded in 1955, the company is headquartered in Aosta, Italy, where it operates its main production plant. Cogne Acciai Speciali's products are widely used in various industries, including construction, automotive, and engineering.

voda 4 april 2023 14:50

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EU Renewable Energy Directive Adopted

The European Union has taken a major step forward in its efforts to combat climate change and reduce carbon emissions. The EU Commission, the EU Parliament, and the European Council have agreed to revise the Renewable Energy Directive (RED III) to increase the European target for renewable energy sources from 32.5% to 45% by 2030. The revised target also includes binding targets for various sectors, making it more comprehensive and enforceable.

The agreement is part of the EU's "Fit for 55" legislation, aimed at delivering the European Green Deal and the REPowerEU objectives. The legislation aims to speed up and simplify approval procedures at the European level while promoting the use of renewable energy sources to reduce the EU's dependence on imported fossil fuels.

The new law includes easier and faster permitting procedures for renewable energy projects, recognising renewables as an overriding public interest, while preserving a high level of environmental protection. The legislation also strengthens annual renewables targets for heating and cooling sectors and introduces a specific benchmark for renewable energy consumption in buildings by 2030.

For the first time, the renewable energy directive includes the industry sector, which is responsible for a significant portion of energy consumption. The agreement establishes indicative targets as well as a binding target for renewable hydrogen in total hydrogen consumption in industry by 2030. It also reinforces the regulatory framework for renewable energy use in transport, including a combined sub-target for advanced biofuels and renewable fuels of non-biological origin.

The revised directive strengthens the sustainability criteria for bioenergy and ensures that forest biomass is not sourced from certain areas with biodiversity and carbon stock significance. It also establishes that woody biomass must be used according to its highest economic and environmental added value.

The agreement is a significant milestone in the EU's long-term strategy to make Europe climate-neutral by 2050. The new legislation requires formal adoption by the European Parliament and the Council before it can

voda 4 april 2023 14:52

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Green steel demand to rise exponentially: conference
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The green steelmaking transition is an unstoppable trend that is about to embrace significant demand growth over the coming decades, said speakers at the Kallanish Asia Steel Markets 2023 conference in Ho Chi Minh City last week.

Dr Sebastian Langendorf, chief executive and founder of Singapore-based Meranti Steel, expects significant demand for green steel due to considerations of increasing political pressure, carbon self-commitments, supply chain requirements and awareness of end customers.

Langendorf sees global green steel demand rising from 7 million tonnes in 2021 to 41mt in 2025, and then jumping significantly to 235mt by 2040. Simultaneously, the share of low-emission steel demand versus all flat steel demand will grow from 1% to 26%. He sees the trend as a big challenge but also a huge opportunity.

Meanwhile, Martin Smith, Asia business development director at Primetals, said at the event: “It [the transition to carbon neutrality] is coming, and we can’t stop it.”

In terms of technology, Gaku Ito, general manager at Japan’s largest pure EAF-based steelmaker Tokyo Steel, asserted that carbon capture, utilisation and storage (CCUS) will not be effective and feasible for low-carbon steelmaking in Japan. This is because “land and other costs are too high,” he explained.

Gaku Ito regards EAF technology as the first-choice route for green steelmaking, meaning prime scrap will become more demanded and therefore expensive.

However, questions remain over where the vast sums of money needed for the low-carbon shift will come from. “If half of global steel demand decides to be low carbon, that would require a total of $11 trillion. Who is going to pay for that?” asked Kallanish managing editor Asia Tomas Gutierrez.

Kallanish Asia

voda 5 april 2023 10:06

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Steel Minister Forms 13 Task Forces for Green Steel

India’s Minister of Steel & Civil Aviation, Mr. Jyotiraditya M. Scindia, chaired meetings with two Advisory Committees under the Ministry of Steel for Integrated Steel Plants (ISP) and the Secondary Steel Industry (SSI). The committees were formed in August 2022 and serve as a platform for all stakeholders to deliberate and discuss on key issues pertaining to the steel sector.

During the seventh meeting with the Integrated Steel Plants Advisory Committee, Minister Mr. Scindia emphasized the need for a participatory approach to define the roadmap for green steel. He also shared that the Ministry of Steel has approved the formation of 13 task forces, identifying action points for each aspect of green steel production. This move is expected to drive the development and adoption of sustainable steel making practices and technologies in India, helping to reduce the carbon footprint of the industry and contributing to India's efforts to combat climate change.

The task forces will focus on various aspects of green steel production, including raw materials, technology, and policy frameworks. The Minister reiterated that as the world's second-largest steel producer, India needs to become most responsible through green steel adoption and asked the committee to work together to define the way forward for the industry. "We are committed to promoting sustainable steelmaking practices in India. The establishment of these task forces is a significant step towards achieving this goal," said Mr. Jyotiraditya Scindia.

During the meeting, the Committee also discussed avenues for branding made-in-India steel, and came to a consensus that to make a global identity for Indian steel, common branding parameters and guidelines need to be made for each steel product. The Minister emphasized Prime Minister Shri Narendra Modi's vision of promoting the brand India in export markets of steel.

Representatives from the Indian Steel Association, steel industry captains, and members from academia were present during the meetings. The Minister of State for Steel and Rural Development, Shri Faggan Singh Kulaste, also attended the meetings.

voda 5 april 2023 10:06

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IEA Releases Emissions Data for Net-Zero Steel Industry

The International Energy Agency (IEA) has released a report outlining principles for achieving a net zero steel industry. The report suggests that the implementation phase for reaching this goal will require robust methodologies for measuring emissions at the site and product level, as well as data collection frameworks to facilitate comparison and track progress.

The IEA report, requested by the Ministry of Economy, Trade and Industry during Japan's G7 Presidency, evaluates existing methodologies and frameworks for the steel industry and provides "net zero principles" to guide potential next steps for their development and implementation. The report also includes specific policy recommendations for G7 members, building on the G7's commitment in May 2022 to accelerate Decarbonisation in heavy industries to keep global temperature rise to below 1.5°C.

The IEA report proposes net zero principles for emissions measurement methodologies for the steel industry that can serve as a basis for further discussion and iteration by G7 members and other stakeholders. The report suggests that an emissions measurement methodology should allow for comparison between production from all facilities and produce interoperable results for steel production and products, using an emissions boundary and scope appropriate for net zero, and applying accounting rules for emissions credits and co-products that are compatible with the net zero goal. Methodologies should incentivize the use of site- and product-specific auditable, measured data, as opposed to generic emissions estimates or factors.

The report also proposes net zero data collection principles as a basis for the development and implementation of a Global Data Collection Framework for steel production and product emissions. A data collection framework that is fit for purpose for a net zero steel industry must facilitate maximum possible coverage and transparency and accommodate the collection of highly granular data on GHG emissions. It should facilitate regular, parallel reporting using multiple measurement methodologies, while minimizing the reporting burden as far as possible.

The report concludes that the G7 can lead the way in defining a shared vision for the transition to a net zero steel industry. By developing coherent, robust and consistent emissions measurement protocols, fit for a net zero steel industry, the G7 members can demonstrate their technical capacities and abilities to forge international consensus. Clear standards for emissions measurement and data collection will be critical for incentivizing and tracking emissions reductions in the steel industry, and G7 members can play a leading role in guiding future development of the industry.

voda 5 april 2023 10:06

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Odisha CM Meets Nippon Steel President for Mega Steel Plant

Odisha Chief Minister, Mr. Naveen Patnaik, met with Mr. Eiji Hashimoto, the representative director and president of Nippon Steel, on Tuesday in Tokyo, Japan, to explore opportunities for collaboration between Nippon Steel and the Odisha government. According to the Chief Minister’s office, Mr. Hashimoto informed Mr. Naveen that his company is planning to build the largest and latest steel plant with a 30 million-metric tons-per-annum capacity in Odisha. The Chief Minister also invited Mr. Hashimoto and his team to visit the state.

Mr.Naveen and his high-level delegation arrived in Japan on Tuesday morning to promote investment opportunities. The Chief Minister expressed his confidence that the visit would strengthen the relationship between Japan and Odisha and offer a chance for both sides to explore mutual interests.

The state delegation is scheduled to visit the Kimitsu Steel Works and the R&D center of Nippon Steel Corporation on Thursday. This visit is expected to further promote cultural ties between Japan and Odisha.

Chief Minister’s office stated, “The visit of the Chief Minister and the state delegation to Japan is a significant step towards promoting Odisha as a preferred investment destination and fostering closer ties between Japan and Odisha.”

AM/NS India, a joint venture between ArcelorMittal and Nippon Steel, has already signed two MoUs with the Odisha government to establish integrated steel plants in Kendrapara and Jagatsingpur, with capacities of 12 million metric tons and 7 million metric tons, respectively. The investments for these projects amount to ?50,000 crore and ?38,000 crore, respectively

voda 5 april 2023 10:07

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Liberty Steel to Install EAF for Decarbonization Whyalla Steel Plant

LIBERTY Steel, part of the GFG Alliance, has announced the phase-out of coal-based steelmaking at its Whyalla plant. The company signed a supply contract with leading equipment manufacturer Danieli for a 160 metric tons low carbon emissions electric arc furnace. The new furnace is expected to increase steelmaking capacity at Whyalla from 1 million metric tons per annum to over 1.5 million metric tons per annum.

The contract enables Danieli to commission the construction of the electric arc furnace, which will be fed initially by domestic steel scrap and other Fe-bearing materials to deliver an expected 90% reduction in direct CO2 emissions compared to traditional blast furnace production. Danieli’s patented Q-One technology provides capability for a direct feed from renewable power sources, which could help to eliminate indirect emissions from Whyalla’s new steelmaking facility.

LIBERTY will fund the installation of the electric arc furnace and associated infrastructure with an application to be made to the Whyalla Steel Taskforce for a A$50 million grant committed and funded by the South Australian government in 2016. Engineering work is already advanced, and construction is expected to be completed in 2025, replacing the existing Coke Ovens and Blast Furnace.

LIBERTY has also engaged global equipment suppliers for the installation of 1.8 million metric tons per annum DRI Plant in Whyalla. The DRI plant can process local magnetite ore to produce low carbon DRI. The plant will initially use a mix of natural gas and green hydrogen as the reducing agent, before fully transitioning to green hydrogen as it becomes available at scale. The low carbon DRI can then be fed into the electric arc furnace in combination with scrap to produce high-quality steel grades for Australian infrastructure projects and to serve the growing global demand for low carbon DRI.

According to Mr. Sanjeev Gupta, Executive Chairman of GFG Alliance, “This marks the beginning of a new era placing Whyalla at the heart of a global revolution in the steel industry, moving it from being the most polluting of all industries to among the cleanest and greenest."

Mr. Peter Malinauskas, the Premier of South Australia, expressed excitement at the plan to decarbonise the Whyalla steelworks, stating that Whyalla and the broader Upper Spencer Gulf has enormous potential to lead the world in green hydrogen production, helping decarbonize industry across the planet.

These developments are important building blocks in Whyalla’s CN30 plan, which lies at the heart of LIBERTY’s global Decarbonisation strategy to be carbon neutral by 2030. The low carbon and green DRI made in Whyalla will feed LIBERTY’s network of electric arc furnaces in Australia, Asia, Europe, and the UK, helping to decarbonize steel supply chains across the world.

Whyalla’s CN30 plan aims to grow magnetite production to 15 million metric tons per annum to convert into 10 million metric tons per annum of green DRI for export and domestic green steel production. The transformation is expected to grow the total permanent workforce numbers over the next seven years as well as adding significant job opportunities during the construction phase. The scale-up and transition to electric arc furnace and direct reduction processes will also create opportunities to redeploy, train and develop existing employees in low carbon production technologies through LIBERTY’s GREENSTEEL Academy.
Note: 'Low carbon emissions' and 'low carbon' are used to describe the production of steel made through electric arc furnaces or the production of iron through a Direct Reduction Iron Plant using natural gas and green hydrogen. 'Green iron' and 'Green DRI' are used to describe iron produced through a Direct Reduction Iron Plant using green hydrogen. 'Green steel' is used to describe steel produced from green DRI, scrap, and renewable energy.

voda 5 april 2023 10:08

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3 Former Balli Steel Executives Jailed for Trade Financing Fraud

Mr. Nasser Alaghband, the former CEO of Balli Steel, has been sentenced to six and a half years in jail by a London court for his part in a widespread and systematic trade financing fraud. The London-based commodities trader collapsed in early 2013, leaving five lenders with losses totaling $150 million. Mr. Alaghband, who pleaded guilty to one count of fraudulent trading, helped obtain trade financing for the firm by telling increasingly egregious lies to banks as the company's financial position worsened. Ms. Melis Erda, the former treasurer of Balli Steel's parent, was found guilty of six counts of fraud in February, while Mr. Louise Worsell, the Middle East subsidiary's managing director, was convicted of four counts of conspiracy to defraud. Erda was sentenced to 46 months in jail and Worsell to 38 months.

Balli Group was a London-based commodity trading and shipping company, established in 1982. The company was primarily focused on trading steel and metals, but it was also involved in other commodities, such as oil and gas, coal, and chemicals. Balli Group was owned by three brothers - Vahid, Hassan, and Mahmoud Balli, who were originally from Iran. The Balli brothers established a reputation for themselves as shrewd and successful traders in the steel industry. They built up a global network of clients and suppliers, and they were particularly active in emerging markets, such as China and India. The company's steel trading activities were managed by its subsidiary, Balli Steel. However, in 2009, Balli Group found itself embroiled in a major fraud case, involving the financing of steel trades. The company was accused of defrauding German bank, WestLB, out of $220 million. The fraud involved inflating the price of steel trades and then using false documents to secure financing from the bank.

The case went to court in London, and in 2011, the Balli brothers pleaded guilty to charges of fraud and money laundering. They were each sentenced to several years in prison and were also ordered to pay millions of dollars in restitution to the bank.

The Balli Group ceased trading after the fraud case, and its assets were liquidated. The case was a high-profile example of the risks and challenges involved in commodity trading, particularly in the area of financing. It also highlighted the importance of transparency and accountability in the financial sector, and the consequences of fraudulent activity.

voda 5 april 2023 10:08

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Tata Steel MD: Climate Change to Play Huge Role in Next 30 Years

Tata Steel's CEO & Managing Director, Mr. TV Narendran, and Chairman of XLRI, graced the 67th annual convocation of XLRI Jamshedpur at Tata Auditorium. In his address to the graduates, Mr. Narendran congratulated the students and shared four key points of advice. Mr. Narendran emphasized that change is the only constant and that individuals learn while experiencing things. He also stressed the importance of being aware geopolitically in a highly interconnected world.

Additionally, he stated that climate change or transition will play a crucial role in the next 30 years.

Finally, he advised the graduates to be aware of the growing inequality in the world and always stand for the greater good, sticking to the values that XLRI has instilled in them.

voda 5 april 2023 10:08

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JSW Steel Preferred Bidder for Jaisinghpura South Iron Ore Block

JSW Steel has emerged as the preferred bidder for the Jaisinghpura South Iron Ore Block in Ballari, Karnataka, following an auction by the Department of Mines and Geology, Government of Karnataka. According to the company, the auction has a projected resource of 32.08 million metric tons.

JSW Steel has offered the highest final price of 145.80% to become the preferred bidder for the Jaisinghpura South Iron Ore Block. The company will now have to take all necessary steps as per the tender document to obtain a Letter of Intent and all statutory clearances, and execute the Lease Deed with Mine Development and Production Agreement (MDPA) before it can begin mining operations.

JSW Steel, one of India's leading steel producers, has been actively participating in iron ore mine auctions in recent years. The company has won several iron ore blocks in different states of India, including Karnataka, Odisha, and Jharkhand, to ensure a stable supply of raw material for its steel production.

In October 2021, JSW Steel had won the Narayanposhi iron ore block in Odisha, with a total estimated reserve of 190 million metric tons. The company had secured the mining rights for 50 years and would be paying 107.55% of the sale price of iron ore per tonne.

In February 2020, JSW Steel had won two iron ore mines, Jajang and Nuagaon, in Odisha, with a total estimated reserve of around 200 million metric tons. The company had committed to paying 110% of the sale price of iron ore per tonne to the Odisha government for the mining lease period of 50 years.

voda 5 april 2023 10:08

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Acciona to Use Celsa's Green Steel in Son Sant Joan Airport Expansion

Acciona, a Spain-based global infrastructure company, has announced that it will be using low-emissions circular steel to reduce its carbon footprint by 40% in the renovation and expansion of Son Sant Joan airport in Palma de Mallorca in Spain, which was awarded to the company last year. The company has given CELSA Group the mandate to supply 7,000 metric tons of construction steel, which will have a circular and low-emissions origin.

According to Acciona, ferrous waste from the old Palma airport terminal will be processed by the demolition contractor and supplied to CELSA Group. The company will produce the corrugated steel using electric arc furnace technology, powered exclusively by electricity from renewable sources. Acciona will receive this steel and use it in the construction of reinforced concrete structural elements in the refurbishment and expansion of the new terminal.

The project advances circularity in the use of materials, as the steel that is obtained during demolition will return to the airport in the form of material to be used in its renovation and expansion. This approach achieves a reduction of more than 40% of the emissions associated with the product compared to the average of steel mills with similar technology in Spain. Moreover, using this type of steel avoids the release of over 1,900 metric tons of CO2 emissions from the equivalent use of a conventional product.

The expansion of Son Sant Joan airport in Palma de Mallorca, Spain, is a project aimed at improving the infrastructure of the airport to meet the growing demand for air travel. The airport is one of the busiest in Spain, serving as a gateway to the popular holiday destination of Mallorca. The project includes the refurbishment and expansion of the airport's terminal building to improve passenger facilities and increase capacity.

voda 5 april 2023 10:09

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RINL Floats 2 Tenders for Coking Coal Imports

Indian state-controlled steelmaker Rashtriya Ispat Nigam has issued two import tenders for the procurement of coking coal, based on a basket of two indexes including Argus. RINL has floated the tenders for the import of 150,000 metric tons of hard coking coal and 150,000 metric tons of soft coking coal from a single source, according to the tender document. However, the company is willing to accept blended coal provided there are not more than two coal brand components.

The tender document specifies that the minimum quantity for both the tenders is 75,000 metric tons, with delivery to begin in April and the submission deadline set for April 19, 2023. The tender price has to be quoted on a free-on-board basis as a percentage of the published market price. The published market price is defined as the average of the Argus and Platts premium low-volatile coking coal indexes.

RINL has been facing a shortage of coking coal, particularly from Australia. Financial issues could be the reason behind this shortage, which has led to RINL deviating from its long-established process of securing coking coal needs through a common Coal Import Group. The Coal Import Group, responsible for quarterly negotiations with miners importing coking coal for both RINL and SAIL, ensures a continuous supply of raw material. However, due to the current situation, RINL may need to explore alternative options to secure immediate supply of coking coal

voda 5 april 2023 10:09

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Researchers Highlight Need for Quality Iron Ore for Green Steel

Researchers and steelmakers are looking into new ways of making steel without the use of coal and Australia could be left behind as they are the largest exporter of iron ore in the world, as the new techniques rely on ore with a higher purity than what they currently export. The green steel made using a direct reduced iron-electric arc furnace process which could be powered by renewable energy and green hydrogen requires high purity ore. The bulk of Australia's iron ore exports would not be compatible due to the high levels of impurities.

Australia exports two main types of iron ore; Hematite and Magnetite. Hematite is naturally higher grade ore and makes up almost all (96%) of Australia's iron ore exports. Magnetite is lower grade ore and needs extra processing. However, this processing produces ore with more iron content, fewer impurities, and less waste rock than Hematite. This makes it possible to efficiently separate iron from waste rock using magnets. Processing Magnetite is well understood and could be used to make green steel, however significant research and development are needed to make commercially viable methods possible.

Fortescue's Iron Bridge magnetite project in the Pilbara is scheduled to begin production this quarter. Magnetite is also an opportunity in South Australia. The state government has set a target of 50 million metric tons per year by 2030. To ensure that the mining of Magnetite is sustainable, strong benchmarks are needed to limit emissions and broader environmental impacts from new mine facilities.

voda 5 april 2023 10:10

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Anglo American & H2 Green Steel to Advance Decarbonization

Anglo American, the South African multinational mining company, has signed a memorandum of understanding with H2 Green Steel, a Swedish hydrogen and steel producer, to collaborate on the advancement of low-carbon steelmaking processes. The partnership will focus on studying and trialing premium quality iron ore products from Anglo American's Kumba mines in South Africa and Minas-Rio mine in Brazil, as feedstock for H2 Green Steel's direct reduced iron production process at its Boden plant in Sweden.

Mr. Peter Whitcutt, CEO of Anglo American's Marketing business, highlighted the importance of working with industry leaders who share a vision for decarbonized steelmaking. He said, "Our work with H2 Green Steel will focus on exploring ways for premium, responsibly produced iron ore from our operations to be used as feedstock in the Boden plant's low carbon production process, paving the way to a cleaner, greener way to produce steel - one of the backbone materials for the roll-out of energy transition infrastructure and for ongoing global socio-economic development."

H2 Green Steel was established in 2021 to accelerate the Decarbonisation of the steel industry by using green hydrogen. The company is developing a fully integrated, digitalized, and circular DRI plant in Boden, northern Sweden, which will produce green steel and reduce CO2 emissions by up to 95% compared to traditional steelmaking.

Ms. Luisa Orre, Chief Procurement Officer, H2 Green Steel, stated, "Our purpose is to decarbonize hard to abate sectors, and this is only possible with strong partnerships along the value chain with a true commitment to reducing scope 1, 2, and 3 emissions. We are impressed by Anglo American's efforts to bring high-quality iron ore products to customers which focus on low carbon iron and steelmaking, and we look forward to continuing to work with them, not only for our first green hydrogen integrated steel plant in Sweden but for other future locations globally."

voda 5 april 2023 10:11

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India's Coking Coal Imports Jump 24% YoY in January

India's coking coal imports have reached a four-month high in January 2023 as competitive premium hard coking coal prices have increased year-end buying interest. According to e-commerce firm Mjunction, January arrivals in India have increased by 24% on the year and by 1% on the month, reaching 4.74 million metric tons.

The bulk of Indian coking coal imports came from shipments from Australia, which rose by 5% on the year to 3.19 million metric tons. However, Australian shipments fell by 1% on the month due to some delivery delays. The higher deliveries from the US, Canada, and Russia have also boosted India's January arrivals.

voda 5 april 2023 10:11

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Chilean Grupo Cap Investing In Decarbonizing Steel Operations

Chilean iron ore and steel producer Grupo CAP has announced that it will be investing around $500 million in its units during the current round of investments. The CEO of the company, Mr. Jorge Salvatierra, informed the local press that approximately 30% of the amount will be allocated to sustainability projects, including energy developments, green hydrogen, and water desalinization, to reduce the environmental impact of its operations while exploring new markets and products.

The investment in iron ore production, through Compañía Minera del Pacifico, is expected to be around $425 million, with the majority of funds directed towards increasing production and developing new mines. CMP is one of the largest iron ore producers in Chile, exporting to markets around the world, including China, Japan, and South Korea.

Compañía Siderúrgica Huachipato, the steel producer within the Grupo CAP, will receive a significant investment of $34 million in 2022. This amount will increase significantly over the next few years, as the company aims to convert its operations towards sustainable green steel production, reaching advanced environmental standards by 2030.

Grupo CAP's unit of steel processing, CINTAC, will focus on increasing production capacity to meet the demand for civil construction, including solutions for high-quality residential units, as well as social housing programs.

Grupo CAP is a Chilean mining company that specializes in the production and sale of iron ore and steel products. The company operates primarily in Chile, but also has operations in Peru, Mexico, and the United States.

In terms of its iron ore operations, Grupo CAP operates the Cerro Negro Norte mine in Chile, which has an annual production capacity of approximately 20 million metric tons. The company also operates a pelletizing plant, which processes iron ore concentrate into iron ore pellets, which are used as a raw material for steel production.

Grupo CAP also produces steel products through its subsidiary, Compañía Siderúrgica Huachipato, which is one of the largest steel producers in Chile. CSH operates an integrated steel mill in the city of Talcahuano, with an annual production capacity of around 1.5 million metric tons of crude steel. The company produces a range of steel products, including hot-rolled steel, cold-rolled steel, galvanized steel, and wire products.

voda 5 april 2023 10:11

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EC Issues Updated Guidance for Supporting Green Transition Measures

The European Commission has updated its state aid guiding templates to help member states design measures for their national Recovery and Resilience Plans (RRPs) in line with EU state aid rules. The technical documents will specifically help member states implement the European Green Deal while ending the dependence on Russian fossil fuels and promoting green transitions, as detailed in the REPowerEU plan.

The Recovery and Resilience Facility (RRF) is the instrument at the core of the €800 billion NextGenerationEU recovery plan for Europe. It supports the coordinated planning and financing of national infrastructure, energy projects and reforms, to mitigate the pandemic's economic and social impact, fast-forward green and digital transitions, and increase the Union's overall resilience. The RRF Regulation was amended in February 2023 to integrate dedicated REPowerEU chapters into member states' existing RRPs. The Commission has encouraged member states to submit their modified RRPs by the end of April 2023 at the latest.

In December 2020, the Commission published guiding templates that provided sector-specific guidance to member states designing state aid measures for their RRPs, covering a variety of investment projects in line with the European flagships of the Commission's Annual Sustainable Growth Strategy 2021. In order to help member states modify their plans for REPowerEU, the Commission has made targeted updates to the most relevant templates for designing new measures. These templates have been adjusted to the new 2022 guidelines on state aid for climate, environmental protection and energy, the revised state aid framework for research, development and innovation, the new temporary crisis and transition framework, and the endorsed amendment to the General Block Exemption Regulation.

All investments and reforms involving state aid included in national recovery plans presented in the context of the RRF must be notified to the Commission for prior approval unless covered by one of the state aid block-exemption rules. The Commission assesses measures involving state aid contained in the national recovery plans presented in the context of the RRF as a matter of priority and has provided guidance and support to member states in the preparatory phases of the national plans to facilitate the rapid deployment of the RRF.

In February 2023, the European Parliament and the Council formally approved the amended RRF Regulation to include REPowerEU chapters in the national RRPs. In March 2023, the Commission invited member states to submit their modified plans with additional REPowerEU chapters by 30 April 2023 at the latest.

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