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Swiss Steel Defies Challenges & Achieves Solid Results in 2022

Swiss Steel Group has achieved solid results despite facing multiple challenges in 2022, according to CEO Mr. Frank Koch. Sales volumes decreased by 11% from 1.863 million metric tons to 1,663 million metric tons due to a slowdown in activity towards the end of the year and a focus on higher-margin products. However, revenue for the full-year 2022 increased by 27% from €3.2 billion to €4.1 billion, thanks to higher energy and raw material prices. Adjusted EBITDA came in higher at €217.0 million compared to €191.6 million in 2021.

Swiss Steel Group's net debt increased year-over-year from €720.5 million to €848.2 million, mainly due to sustained higher working capital. However, net debt decreased by €65 million compared to the end of the third quarter of 2022. For 2023, Swiss Steel Group expects adjusted EBITDA between €160 and €200 million.

Despite the challenges, Swiss Steel Group has succeeded in securing a solid result of €217 million in adjusted EBITDA. Mr. Koch attributed this to the company's foresight, flexibility, and the exceptional commitment of its employees. He also stated that the past year has shown the necessity to stick to the strategy program SSG 2025. The company aims to create value, ensure resilience, increase performance, and lay the foundation for further organic growth.

Swiss Steel Group has also set itself ambitious goals for sustainable steel production. The company aims to reduce its carbon footprint by 42% within the next decade and reach its net zero targets no later than 2040, given that the framework conditions are appropriately ensured. Mr. Koch believes that Swiss Steel Group is well positioned for its future target: to become the leading player for Green Steel.
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Metalloinvest Unifies Management Systems across Production Enterprises

Metalloinvest, a Russian mining and steelmaking company, has centralized its quality management, occupational health and safety, environmental, and energy management systems at its production sites. The new centralized Integrated Management System (IMS) has passed an independent audit and is compliant with international ISO 9001, 14001, 45001 & 50001 standards. The newly integrated system has allowed Metalloinvest to reduce redundant procedures, increase decision-making speed and the effectiveness of corrective actions, and significantly reduce labor costs and the terms of internal audits. The number of external audits per year has also decreased from four separate audits to one integrated audit, and the required time has reduced from four weeks to one week on average.

The project took about six months, during which a diagnostic of existing processes at enterprises was carried out. After evaluation, it was determined that the existing system at Mikhailovsky Iron and Steel Works was the most efficient, and the company decided to replicate it at other Metalloinvest enterprises.

The IMS project has led to the development of a common structure of departments for the development of management systems at all Metalloinvest enterprises, the redistribution of the functionality of responsible employees, and the implementation of a number of unified regulatory documents.

Metalloinvest plans to develop a single automated IMS platform in the future. Overall, the centralized IMS will help streamline Metalloinvest's operations and improve its sustainability performance, demonstrating the company's commitment to responsible business practices.
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BaoSteel Powers Up Hydropower Projects in China's West

BaoSteel’s hot-rolling production and marketing research team has made significant progress in expanding its presence in the hydropower market in western China. The team successfully secured supply contracts for two major hydropower projects in the region with its yoke steel products. BaoSteel’s technical marketing advantages allowed it to meet the individual needs of users and contribute to the construction of hydropower new energy projects in the area. The marketing center (BaoSteel International) increased communication with users and coordinated with them to identify the demand for hydropower steel in the region. It also set up a team for the development of the yoke steel market and increased the sales volume of yoke steel products through project planning, project management, user service seminars, and other measures.

BaoSteel’s hot-rolling production and marketing research team formulated a "standard + a" supply plan, increased the tracking of key indicators, and was fully recognized by customers, which enabled BaoSteel yoke steel to form a stable influence in the western market in terms of product performance, technical services, and supply guarantee capacity.

The hot-rolling production and marketing research team also solved a customer's small plate processing problem and opened up the processing and distribution route, which allowed BaoSteel to win the bid for the yoke steel demand of Unit. The customer praised the quality and excellent service of BaoSteel’s products.

In another contract for the supply of yoke steel for hydropower plant units, the hot-rolling production and marketing research team met the customer's requirements for the allowable deviation of the steel plate shape, which were extremely high, and the unevenness requirement was one thousandth. The team actively sought solutions and finally met the customer's requirements, forming an order of about 500 tons of yoke steel.

The marketing center will continue to increase market tracking and increase customer stickiness with high-quality services and technology. The team plans to turn the window of opportunity into the golden period of transformation and turn the new industrial track into a leapfrog fast lane.
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Stilride Unveils Electric Motorcycle with Origami Folded SS Frame

Swedish startup Stilride has recently unveiled its first electric motorcycle, the Stilride 1, which is not only eco-friendly but also uses recycled stainless steel for its ultra-lightweight chassis. The use of recycled steel is a step towards a more sustainable future as it reduces the need for mining new steel, which is a carbon-intensive process. Stilride's innovative manufacturing method called “industrial origami” is also more eco-friendly as it produces minimal pollutants compared to traditional welding methods. The method involves folding a single sheet of stainless steel to create the motorcycle's frame, which is defined by the company's software and brought to life by industrial robots and laser cutting.

The Stilride 1's chassis is made from high-quality Swedish steel, which is known for its durability and strength. The company uses a premium HUB motor system, single shock absorber, and multi-link rear suspension, along with a co-developed braking system.

In addition to its eco-friendly construction, the Stilride 1 also has a smart connectivity system that powers various features through the Stilcontrol app. The app includes features such as theft protection, geographical positioning, service diagnostics, and battery status control.

The Stilride 1 is designed for both motorcycle enthusiasts and those who value design and sustainability. The motorcycle is due to launch in 2024, with a cost of €15,000. Mr. Tue Beijer, CTO, and co-founder at Stilride, hopes that the Stilride 1 will lead to a new era of electric mobility.
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Boosting Low Ni AFA Steel: Researchers Increase Mn for Enhanced Performance

The College of Resources, Environment & Materials at Guangxi Universit in Nanning China is home to a team of esteemed researchers including Yanjun Zhao, Yunfei Cao, Weiying Wen, Zepeng Lu, Jingrui Zhang, Yafei Liu, and Peilin Chen. These scholars are affiliated with the Key Laboratory of High Performance Structural Materials & Thermo-Surface Processing, which operates under the auspices of the Education Department of Guangxi Zhuang Autonomous Region. Recently, Yanjun Zhao and colleagues conducted a study that yielded significant findings that adding manganese to low nickel Alumina-Forming Austenitic steel increases the unit cell volume and makes the formation of austenite easier, according to a study published in the journal Scientific Reports. The team used the first-principles approach to examine the effect of Mn content on the steel's stability and mechanical properties at the atomic level. As the Mn content increased from 3.2 to 12.8 wt%, the bulk modulus (B) rose significantly, and the shear modulus (G) fell. The steel's strength and hardness decreased, and the Poisson ratio of the austenite matrix increased with improved elasticity. The researchers noted that the matrix maintained the austenitic structure when adding 3.2-12.8 wt% Mn elements to low Ni-AFA steel.

Low Ni-AFA steel is an advanced high-temperature-resistant stainless steel with reduced cost, good machinability, high-temperature creep strength, and high-temperature corrosion resistance. AFA steel forms Al2O3 and Cr2O3 double oxide films at high temperatures, adding 1.5-3.5 wt% Al1. It has excellent high-temperature creep strength and corrosion resistance at 500-950 °C. A high Ni content is required to obtain a stable and single austenite, but Ni is expensive and scarce, which limits the application of austenitic steels. Replacing Ni with inexpensive elements, such as C, N, Mn, and Cu, can reduce nickel consumption while maintaining high-temperature oxidation resistance and mechanical properties.

Mn is a preferred substitution element because it is a strong austenitic stabilizer and much cheaper than Ni, reducing the overall production cost. However, Mn tends to form MnS compounds, which can reduce the corrosion properties. Additionally, a high Mn content can lower steel weldability, making it critical to have an appropriate Mn content in partial substitution for Ni.

The researchers used first-principles methods based on density functional theory to predict the steel's mechanical, corrosion, and interfacial properties at the atomic level. The approach is rare and essential for studying the influence of altering the Mn content in Mn-substituted-for Ni AFA steel on the structural stability and mechanical properties at an atomic scale.

This study's results showed that the high-Mn AFA steel's overall mechanical properties are optimal at an Mn content of 8 wt%. The steel had a tensile strength of 581.64 MPa, a hardness of 186.17 HV, and an elongation of 39%. The researchers noted that the high-Mn AFA steel with reduced Ni content has potential applications in power generation, petrochemical, and energy fields, especially as the core component of steam engines in ultra-supercritical units.
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Rebar import market weakens in East Asia
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The rebar import market continues to weaken in East Asia, Kallanish notes.

A Vietnamese mill sold around 55,000 tonnes of rebar last week to Singapore and Hong Kong. Some 30,000t were sold at $635/tonne cfr Singapore theoretical-weight basis and the remaining 25,000t at $645/t cfr Hong Kong actual-weight basis, say sources in Vietnam and Singapore.

"The Vietnam market is quite slow," a manager at an EAF mill in Vietnam says. He hears the Vietnamese exporter has raised its offer to $650/t cfr Singapore after concluding the deal, but he believes it will accept a firm bid at lower prices. "They [the exporter] are hungry," he adds.

The Vietnamese rebar was sold at a competitive rate, a Singapore trader observes. Offers for Middle Eastern and Malaysian theoretical-weight rebar are similarly priced now, he notes. Middle Eastern rebar is currently offered at $640/t cfr Singapore, while Malaysian rebar is offered at $645/t delivered Singapore, which is equivalent to around $635/t cfr Singapore.

Last week, rebar from Malaysia was offered at $655/t theoretical weight delivered to Singapore, while Middle Eastern rebar was offered at $655/t cfr Singapore. “In the current market context, prices are likely to be negotiable,” the Singapore trader says. "The overall market sentiment is weak, not only in China," another Singapore trader opines.

Anna Low Singapore
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Mitsui & Kobe Signs MoU for Low CO2 Iron Metallics Business in Oman

Mitsui & Co, along with Kobe Steel, has signed a memorandum of understanding on comprehensive cooperation for a low carbon dioxide iron metallics business with the Public Authority for Special Economic Zones and Free Zones OPAZ and a Land Reservation Agreement with Port of Duqm Company SAOC. The project aims to produce 5 million metric tons of direct reduced iron through the MIDREX® Process and provide a near term decarbonization solution to the steelmaking industry.

Mitsui and Kobe Steel have been in discussions with the Sultanate of Oman's Ministry of Energy and Minerals on detailed conditions for natural gas supply, as Oman is rich in natural gas reserves necessary for producing DRI. The project will be established in the Special Economic Zone at Duqm, one of the globally outstanding locations for renewable energy, making it a highly suitable area for competitive green hydrogen.

The project is expected to commence low CO2 iron metallics production by 2027 and will aim for further decarbonization through measures such as replacement of natural gas with hydrogen and carbon capture, utilization and storage, with a goal to expand production capacity as well. The products will be supplied to businesses in Asia including Kobe Steel and other global markets such as Europe.
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JSW Steel Records Highest Ever Consolidated Crude Steel Production in FY2023

India’s top steelmaker JSW Steel has reported a record production of 24.15 million metric tons of consolidated crude steel in FY2023, up 24% YoY, driven by improved capacity utilization and increased demand. The company achieved combined production of 24.57 million metric tons against its guidance of 25 million metric tons, achieving 98% of its target. The company has also reported the highest ever quarterly consolidated crude steel production at 6.58 million metric tons in Q4 FY23, up 13% YoY and 7% QoQ.

JSW Steel's Indian operations recorded a capacity utilization rate of 96% in Q4 FY23, compared to 91% in Q3 FY23, resulting in a growth of 5% QoQ. The company's Indian operations produced 6.37 million metric tons of crude steel in Q4 FY23, up 12% YoY. The company's consolidated Indian operations achieved 100% of its guidance for FY23

However, production volumes at JSW Ispat Special Products and JSW Steel USA Ohio were impacted due to shutdowns and subdued market conditions for part of the year. ,

JSW Ispat Special Products reported a Q4 FY23 Crude Steel Production of 0.18 million metric tons, down from 0.23 million metric tons in Q3 FY23. For FY23, the subsidiary reported a production volume of 0.42 million metric tons tonnes, achieving only 60% of the guidance of 0.70 million metric tons.

JSW Steel USA Ohio reported a Q4 FY23 Crude Steel Production of 0.21 million metric tons, up from 0.10 million metric tons in Q4 FY22, reflecting a YoY growth of 110%. For FY23, the subsidiary reported a production volume of 0.53 million metric tons, marginally down from 0.55 million metric tons in the previous year. The guidance for FY23 was 0.70 million metric tons, and the actual achievement stood at 76%.

The company's latest production figures are a testament to its continued success and market leadership, as it seeks to expand its operations and strengthen its position in the global steel industry.
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India’s Union Steel & Civil Aviation Minister Mr. Jyotiraditya Scindia announced that the government will soon announce the parameters for a "Brand India" logo to be used on steel made in the country. While individual companies manufacture steel, he said it is essential to develop a distinct identity for "Brand India" steel. Initially, two companies, including SAIL, will use this logo, and others will follow. "Steel production has increased by 50% to 150 million metric tons annually, which is the highest ever for India. We are now the worlds second-biggest steel producer. Our production will reach 300 million metric tons by 2030. The government's initiatives to promote green steel and establish a "Brand India" logo are commendable steps towards making the Indian steel industry more competitive and sustainable in the long run,” Mr. Scindia stated.

The "Brand India" logo will undoubtedly give Indian steel manufacturers a distinctive identity, increasing their visibility and attractiveness in the global market. It will serve as a symbol of the country's growing industrialization and progress in the sector.

The parameters for the "Brand India" logo will be critical, as they will determine the quality, standards, and unique characteristics of Indian steel. The logo's successful implementation could lead to an increase in exports, investment in the sector, and employment opportunities, contributing to the country's overall economic growth.

The scheme is to introduce QR codes for steel products, with a pilot scheme featuring 13 of the 45 planned parameters, to be rolled out by February. Steel products will carry QR codes including details of the product name, six-digit HSN code, steel grade, dimensions, weight in tonnes, SKUs and batch IDs, as well as the origin of the product. The “Made-in-India” branding will be introduced in both export and domestic markets, with the pilot featuring offerings from SAIL and Jindal Stainless. The government has held discussions with major steel mills, the DPIIT and the Quality Council of India.
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SAIL's Rourkela Steel Plant Sets New Production Records in FY23

Rourkela Steel Plant, a unit of Steel Authority of India Limited, ended the financial year 2022-23 with a string of production records in key areas. For the first time in its history, RSP surpassed the 4 million metric tons crude steel production mark, producing 4.039 million metric tons of crude steel in the last fiscal year, an all-time high figure.

The Steel Melting Shop-II played a vital role in achieving this feat by producing an all-time high of 3.5,54 million metric tons and hot metal production from Blast Furnace-5 touched an all-time high of 2.764 million metric tons in FY 2022-23, surpassing the earlier best figure of 2.757 million metric tons achieved in 2016-17.

Additionally, the Saleable Steel Production witnessed record-high figures of 3.772 million metric tons, and the state-of-the-art Hot Strip Mill-2 set an all-time best fiscal performance by producing 1.773 million metric tons of HR Coils.
The trend was reflected in dispatch as well, with the plant registering the best saleable steel dispatch of 3.77 million metric tons in the last fiscal year. The Sinter Plants excelled in tandem to produce 7.012 million metric tons of sinter and register the best performance for any financial year.

Moreover, by clocking an average pushing of 90.1, the Coke Oven Battery-6 achieved its best annual performance. The RSP also surpassed the major milestone of producing 100 million metric tons of crude steel in the last fiscal.
The Rourkela Steel Plant's management attributed these impressive results to the commitment and dedication of its workforce and the adoption of best practices in operations and maintenance.

With this remarkable performance, the Rourkela Steel Plant has strengthened its position as one of the leading steel plants in the country.
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BENTELER Steel/Tube to close Rothrist Plant as Tube Market Continues to Struggle

World’s leading steel tubes and tubular components specialist BENTELER Steel/Tube has confirmed its decision to shut down its tube production plant in Rothrist in Switzerland by the end of 2023. The Rothrist plant specializes in the production of quality welded drawn tubes for the industrial and automotive sectors and has around 300 employees. The decision was made after a thorough consultation process with employees, which did not result in any sustainable prospects for the plant's future. The company cited the tense global welded tube market, high energy, spare parts, and raw material costs, as well as declining demand for powertrain components for combustion engine vehicles as reasons for the closure.

"We very much regret having to close our plant in Rothrist at the end of 2023. Making this final decision was not easy for us. Many of our employees have been with us for years and have done great work. We would like to express our gratitude once again," said Mr. Thomas Michels, COO at BENTELER Steel/Tube.

The company has pledged to treat its employees with respect and prioritize their well-being. The aim is to achieve personnel changes through socially responsible measures, such as a three-month notice period for all employees, severance pay, and support in finding another job. The social plan's details are currently being discussed with the Works Council, with the goal of minimizing the period of uncertainty for the workforce.

BENTELER Steel/Tube is a global company that specializes in the production of steel tubes and tubular components for a variety of industries, including the automotive and industrial sectors. The company has locations in Europe, Asia, and North America, and employs over 11,000 people worldwide. BENTELER Steel/Tube is part of the BENTELER Group, which employs over 30,000 people across 38 countries. The group's other businesses, which include Automotive, Aerospace, and Distribution, are not affected by the decision to close the Rothrist plant.

The decision to close the Rothrist plant comes amid a difficult period for the global welded tube market, which has been exacerbated by export restrictions due to customs duties, rising energy and raw material costs, and a shift away from combustion engine vehicles. The BENTELER Steel/Tube plant's closure in Rothrist serves as a stark reminder of the challenges facing the global welded tube market, with companies struggling to maintain profitability in a rapidly changing landscape.
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Telangana's SCCL Interest in Bidding for Vizag Steel Plant, Draws Mixed Responses

Telangana's Singareni Collieries Company Limited interest in bidding for the Expression of Interest floated by Rashtriya Ispat Nigam Limited has generated mixed responses from VSP employees, who have been protesting against the proposed 100% strategic sale of the steel plant by the Union Government. While some see the state government's bid as a better alternative to a private entity's takeover, others feel that SCCL would not be the right choice.

They are of the view that Bharat Rashtra Samith, the political party that governs the state, is trying to gain political foothold in Andhra Pradesh through this move. The decision has sparked concern among opposition parties, with BJP questioning why BRS is not participating in the coal blocks auction of SCCL. Some suggest that the pink party is seeking to up its political ante against the BJP through a corporate route.

Members of the Steel Executive Association have suggested that SAIL would be a better choice for the bid.

Meanwhile, Andhra Pradesh Industries Minister Gudivada Amarnath has made it clear that the state government opposes the privatisation move but has no interest in participating in any takeover bid for EoI.

However, some have welcomed the bid from a state government, as VSP will not lose its PSU entity if a state government takes over.

While the VSP has floated the EoI for partners for the supply of key raw materials and funding for working capital, employees and unions are wary of any takeover bid that could lead to the loss of VSP's PSU entity.

Overall, the decision has generated mixed responses and remains a subject of political debate.
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JSW One Platforms Raises 205 Crore from Mitsui in Series A funding to Expand Operations

JSW One Platforms, the e-commerce venture of JSW Group, has successfully raised ?205 crore in Series A funding from Japanese investor Mitsui & Co. This latest round of funding has valued the company at over ?2,750 crore. The company had started its operations in April 2021 with an initial corpus of 250 crore. JSW One Platforms has two business divisions, JSW One MSME, a B2B venture, and JSW One Homes, a B2C venture. With its advanced and technology-enabled products and services, JSW One aims to cater to all building material requirements of India's over 500,000 building and manufacturing MSMEs.

Speaking about the investment, Director of JSW One Platforms, Mr. Parth Jindal, said that Mitsui’s decision to invest in their e commerce business validates their long-term strategic vision to capitalize on technology and take a strong leadership position in the B2B e-commerce sector.

The company plans to use the funds to enhance tech capabilities and strengthen its market presence. It also plans to expand operations to newer geographies such as the National Capital Region, Gujarat, Rajasthan, Madhya Pradesh, and Chhattisgarh. The funds will also be utilized to invest in credit, logistics, and technology stack to improve customer experience.

JSW One Platforms expects to exit FY24 at a gross merchandise value of $1 billion, of which 15% would come in from non-JSW brands. The company also aims to achieve break-even by FY27. At present, it has over 10,000 Stock Keeping Units across steel, cement, paints, and other allied categories and intends to increase it to 25,000 by FY24. Further, by FY31-32, JSW One Platforms would be contributing 20% of JSW Group’s total revenues, said CEO Mr. Gaurav Sachdeva.

With this latest funding, JSW One Platforms has taken a major step towards becoming a leading player in the Indian e-commerce space. The investment by Mitsui & Co is a strong endorsement of JSW One's vision and capabilities, and it will provide the company with the necessary resources to continue its growth trajectory.
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Baowu’s TISCO Achieves New Breakthroughs in High-Quality Steel Ecosystem

World’s largest & leading steel innovator Baowu’s TISCO Engineering Technology Company has recently achieved new breakthroughs in its efforts to serve the high quality steel ecosystem. The company has undertaken the energy saving and environmental protection transformation project of the gas firing kiln of Zhongnan Iron and Steel Zhongnan Steelmaking Plant, which has officially started. The project is a significant step in practicing Baowu's "jointly build industry, share the future, and jointly build a high quality steel ecosystem."

The project aims to promote complementary and coordinated development of industries and enhance the competitive advantage of the ecosystem of "shaking fingers into fists." The project is based on the concept of "intelligent manufacturing, green factory," and aims to achieve "energy saving, low consumption" while realizing "leading technology and equipment, efficient operation, mechanization and intelligence."

The project adopts the most advanced and mature activated lime double shaft kiln, with the heat consumption per unit product being the lowest among the existing kiln types. The use of intelligent combustion control, intelligent lighting, intelligent energy saving and environmental protection, equipment remote monitoring and management, electrical room integrated defense system, and other advanced technologies, with high daily output, energy saving and environmental protection, high degree of automation, safety, and other characteristics, is the development direction of today's green manufacturing.

After the project is put into operation, the backward production capacity of five 5 cubic meter gas firing kilns will be eliminated at the same time, and the annual benefit of the process consumption reduction will be $@21.8 million. This will play a significant role in reducing the cost of the iron pre-process and promoting the realization of Zhongnan's ultra-low emission and A-creation goals.

TISCO Engineering Technology has been focusing on the intimate service industry ecosystem for years. The company has undertaken more than 40 lime kiln projects of various types in the metallurgical industry and chemical industry, and has rich general contracting performance of double-bore kiln and rotary kiln projects.

Taking this project as a new starting point, TISCO Engineering Technology will further strengthen the ecological synergy with Zhongnan Steel, fully serve the high-quality development of Zhongnan Steel, and help Baowu accelerate the creation of a world-class great enterprise.

In conclusion, TISCO's engineering technology output has achieved new breakthroughs, and the company's efforts to serve the high quality steel ecosystem are commendable. The new project is a significant step in promoting complementary and coordinated development of industries and enhancing the competitive advantage of the ecosystem of "shaking fingers into fists." The project's advanced technologies and characteristics make it the development direction of today's green manufacturing.
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Aceros Aza Goes Solar in Chile, A Step towards Sustainable Steel Production

Chilean long steel producer Aceros Aza has taken a step towards sustainable production by inaugurating a solar power plant in the city of Tiltil. The plant consists of 106 double-faced solar panels with a total power capacity of 55kw, capable of meeting all the energy requirements of the mill, according to CEO Mr. Matias Contreras Uribe. In addition, the new plant will supply up to 20% of its production to the national grid, producing 90,000kWh annually. According to Mr. Uribe, the new solar plant will help reduce CO2 emissions by 45,000 kg per year when compared to the company's previous operational scheme. The plant has been designed to operate at full capacity with the goal of reducing emissions further, and achieving carbon neutrality by 2050.

Aceros Aza has taken a step towards sustainable steel production by leveraging clean energy sources. This move will not only help the company in its sustainability efforts but also have a positive impact on the environment. In a time when the world is grappling with the challenge of climate change, it's heartening to see companies like Aceros Aza taking significant steps towards reducing their carbon footprint.

The implementation of the solar power plant is a clear indication of Aceros Aza's commitment to sustainable production, and a positive example for others in the industry to follow. This initiative aligns with Chile's commitment to clean energy, with the country aiming to generate 70% of its energy from renewable sources by 2050.

Aceros Aza is a Chilean long steel producer that operates a steel mill in Tiltil, a city located in the Santiago Metropolitan Region. The company specializes in the production of rebar, wire rod, and small beams, and has a total production capacity of 520,000 metric tons per year.

Aceros Aza's commitment to sustainability is a reflection of the global trend towards more environmentally conscious practices in the steel industry. Many steel producers are investing in renewable energy and other sustainable practices to reduce their impact on the environment.
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RINL to Make 55,000 Wheels in FY24 to Meet Indian Railways' Demand

State owned steel manufacturer Rashtriya Ispat Nigam Ltd is all set to produce 55,000 wheels in the current fiscal year to meet the increasing demand from the Indian Railways, according to the company's CMD, Mr. Atul Bhatt. According to Mr. Bhatt, the targeted 50% utilization of the plant will significantly reduce dependence on imports and help the national transporter to source Made in India wheels of better quality compared to imported wheels. The forged wheels produced by RINL Rae Bareli can meet the requirement of high-speed trains that run at a speed of 200 kilometers per hour. The CMD further added that there is a potential to double the annual capacity of the plant to 200,000 wheels with the addition of a few facilities to meet the domestic as well as the demand in the international markets.

The company has recently set up a new plant at Lalganj in Rae Bareli in Uttar Pradesh with an estimated cost of ?2,350 crore. The plant has a capacity to manufacture 100,000 forged rail wheels per annum. SMS group, along with Niles-Simmons-Hegenscheidt, has supplied & commissioned fully automated railroad wheel plant on a turnkey basis, with a capacity to produce 100,000 wheels per year. The facility can be expanded to 200,000 wheels per year and the main customers are Indian railroad repair shops. The plant features the world's first turnkey installation for fully contour-machined railroad wheels, with SMS providing buildings, equipment, infrastructure, water management, and the wheel rolling line, while NSH supplied wheels, QT systems, and mechanical contour machining units. The manufacturing process involves round billets being shortened by saws, homogeneously heated in a rotary hearth furnace, forged into a wheel blank, and then rolled out on the wheel rolling machine to its full diameter.

RINL commissioned a new continuous casting machine, supplied by SMS Concast, in 2018, which has a casting radius of twelve meters and a rated capacity of 1 million metric tons per year. The five-strand continuous casting machine has increased Vizag Steel’s product range with the introduction of round bloom sections of 410 and 450 millimeters in diameter, in addition to 200 millimeters square sections. The new continuous casting machine has all the technological features required to produce steel grades of the highest quality, including a submerged pouring system with electro-mechanical stopper flow control system, hydraulic mold oscillation, mold and final electromagnetic stirrers, and a product marking system. It also has state-of-the-art Level 1 and Level 2 automation systems that ensure efficient operation of the machine with minimal personnel requirements while controlling and monitoring all required process parameters and capturing all key product data for digital production and quality tracking.

The steel maker started supplying wheels in December 2021 when the first consignment of 51 loco wheels was flagged off from its Rae Bareli unit in Uttar Pradesh to the Railways. In the last financial year, RINL supplied 2,465 loco wheels and 2,639 LHB wheels to the Indian Railways. The Preliminary Acceptance Certificate has been issued for the plant, and very soon, production will be ramped up to meet the demand of the Railways.
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Ye§ilyurt Demir Qelik Investing in Solar Power to Reduce Carbon Footprint

Ye§ilyurt Demir Qelik, a major long steel producer in Turkey, is set to build a new solar power plant in §anliurfa in the southeastern part of the country. The Hilvan solar power plant project has been granted approval for the Environmental Impact Assessment application by the Ministry of Environment and Urbanization. The project is expected to cost $51.68 million and will involve the installation of 199,184 solar panels. The power plant is planned to have a power capacity of 95MW and is projected to generate 160.74 million kilowatt-hours of energy annually.

The Hilvan solar power plant project is part of the company's commitment to sustainable development and reducing its carbon footprint. The solar power plant is expected to significantly reduce Ye§ilyurt Demir Qelik's reliance on fossil fuels and contribute to Turkey's renewable energy goals. The company's investment in renewable energy is expected to generate positive social and environmental impacts in the region, including job creation, reduced air pollution, and a more sustainable energy supply.

Ye§ilyurt Demir Qelik is a Turkish long steel producer with a production capacity of 2.5 million metric tons per year. The company produces a wide range of steel products, including rebar, wire rod, angles, channels, and billets. The company's products are used in various sectors, including construction, infrastructure, energy, and transportation. The company operates multiple production facilities in Turkey and exports to more than 70 countries worldwide.
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Odisha Mining Corporation Achieves Record Iron Ore Production in FY23

Odisha Mining Corporation, the mining arm of the government of Odisha state in India, announced a significant increase in mineral production for the fiscal year 2022-23. OMC produced 29.7 million metric tons of iron ore, a year-on-year increase of 17%. The total sales of iron ore by OMC in the same period were reported at 28.6 million metric tons, up 3.3% from the previous year.

The company also achieved 1.08 million mt of chrome ore production and 3.61 million metric tons of bauxite production, with a total mineral production of 33.76 million metric tons, a growth of 14.9% year on year.

OMC's record production and sales numbers were attributed to various initiatives, including the adoption of advanced mining technologies, optimization of operations, and emphasis on safety and sustainability. The company's efforts were also supported by the government's favorable policies and investments in infrastructure.

The company's achievements in mineral production and sales are significant for the state of Odisha, which is a major contributor to India's mineral sector. The state is known for its vast reserves of iron ore, bauxite, and other minerals, and OMC's increased production is expected to boost the state's economy and create employment opportunities.
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Ansteel to Boost Annual Electrical Steel Capacity to 1.2 Million Metric Tons by 2024

China's Anshan Iron & Steel Group, also known as Ansteel, announced that it expects its annual silicon steel capacity to reach 1.2 million metric tons by the end of 2024. The announcement came after the company stated that it will soon start operating its newly-built oriented silicon steel rolling mill. Currently, Ansteel's annual silicon steel capacity stands at around 1.1 million metric tons. Silicon steel is a high-value, high-tech steel used in the manufacturing of transformers, generators, and other electrical equipment. The newly-built oriented silicon steel rolling mill is expected to boost the company's capacity to meet the growing demand for this type of steel.

Ansteel's investment in the new rolling mill is part of the company's long-term strategy to strengthen its position as a leading producer of high-quality steel products. The company has been investing heavily in research and development, and it has also been upgrading its production facilities to enhance its operational efficiency and productivity.

Ansteel, founded in 1948, is based in the Liaoning province and is one of the largest steel producers in China. The company has a number of production plants spread across China and has a wide range of steel products that it manufactures. The company has a strong focus on environmental protection and sustainable development, and it has made significant efforts to reduce its carbon footprint in recent years. The company's efforts have paid off, as it has consistently delivered strong financial performance over the years. In 2022, Ansteel's revenue was approximately $18.5 billion and it recorded a net profit of $1.3 billion.
voda
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Kalyan Steels Starts Production of Coke Facility in Karnataka

Kalyan Steels has commissioned a coke-making facility, along with a partially commissioned waste heat recovery-based captive power plant, adjacent to its steel plant at Ginigera on Hospet Road, in Koppal district of Karnataka. The company commenced commercial production of the coke oven plant on March 31, 2023, and the production has already attained the designed capacity and industry-standard product quality. The power plant with the turbine-generator, along with one of the two boilers, has also been commissioned. The second boiler to be added to the steam circuit will be commissioned shortly.

Kalyan Steels had planned to set up a 200,000 metric tons non-recovery or heat recovery, stamp charged coke oven with modified wet quenching of hot coke, and a 17-18MW captive power plant to be operated using waste heat energy of flue gas generated from the coke oven. The electrical power produced will be used for captive consumption, and the surplus, if any, will be sold to external agencies.

The production of this coke-making facility is a significant milestone for Kalyan Steels as it will enable the company to become more self-sufficient in its energy needs and increase its production capacity. The new facility will also create job opportunities in the region and contribute to the local economy.
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