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voda 18 april 2023 10:16

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The Quiet Descent: Ship Recycling Industry

World’s leading cash buyer of obsolete vessels for demolition GMS says that the ship recycling industry is currently facing a challenging time, with a gloomy sentiment descending upon all major recycling destinations. The ongoing struggles with L/C financing and a shortage of vessels for recycling have made matters worse. Additionally, the ongoing month of Ramadan has led to softer sentiments across the board, and business seems to have taken a backseat for the time being.

Volatile steel plate prices have added to the situation brewing at various recycling destinations, with most end-users of fresh tonnage choosing to wait and watch developments before offering afresh on any new vessels being proposed. The sub-continent markets are already facing a cooling of performance due to the oncoming Monsoon season, and this will only further aggravate the present situation.

The Turkish market is echoing similar sentiments and fundamentals as the sub-continent markets, including the Lira, which continues to relapse every week. Even though the supply and availability of space at dormant plots are plentiful, getting vessels delivered in time will be a painful process as both Bangladesh and Pakistan markets require lengthy central state bank approval processes to open new L/Cs.

Despite the difficulties, there have been some renewed positivities in the freight markets for Dry Bulk and Containers of late. However, this has not been enough to offset the challenges that the recycling industry is currently facing. As a result, the GMS demo rankings/pricing for the week are showing a mixed picture across various locations, with Bangladesh and India still showing positive sentiment, while Pakistan and Turkey are currently weak and steady, respectively.

In conclusion, the ship recycling industry is facing a challenging time, with a quiet descent in prices, demand, and sentiments. However, there are still some pockets of positivity that offer hope for a better future, and the industry will need to remain patient and wait for the market to open post Ramadan to see how things develop.

Dry Bulk: The dry bulk sector is showing positive sentiment in Bangladesh, where prices are currently at USD 590/LDT. The prices in India are also promising, at USD 570/LDT. However, Pakistan is currently showing weak sentiment in this sector, with prices at USD 540/LDT. Meanwhile, Turkey is steady, with prices at USD 330/LDT.

Tankers: The tanker sector is showing positive sentiment in both Bangladesh and India, with prices at USD 610/LDT and USD 580/LDT, respectively. Pakistan is slightly weaker in this sector, with prices at USD 550/LDT. Turkey, on the other hand, is steady, with prices at USD 340/LDT.

Containers: The container sector is showing the strongest positive sentiment in Bangladesh, where prices are currently at USD 630/LDT. India is also showing promise in this sector, with prices at USD 600/LDT. Pakistan is relatively weak in this sector, with prices at USD 560/LDT. Turkey is steady, with prices at USD 350/LDT.

voda 18 april 2023 10:16

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Four Workers Injured in Shivam Steel Fire in Giridih

Four workers sustained burn injuries in a fire that broke out in a steel manufacturing factory of Shivam Steel Company in Jharkhand's Giridih district on Monday morning. The mishap reportedly occurred in the Satyam factory of the company, and sources claim that the fire erupted due to a short circuit in a vehicle carrying an iron ladle. While one of the injured workers has been referred to the burn hospital at Bokaro, the remaining three workers are undergoing treatment at a private hospital in Giridih.

The factory management has agreed to bear the treatment expenses of the injured workers.

The factory inspector of Giridih will carry out a detailed investigation to determine the exact cause of the incident.

The incident serves as a reminder of the importance of maintaining proper safety measures and equipment in hazardous work environments, such as steel manufacturing factories. Steel industry workers must be adequately trained in safety procedures to minimize the risk of workplace accidents and injuries.

voda 18 april 2023 10:17

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National Steel Car Exonerated s in Norfolk Southern Derailment

National Steel Car, a rail equipment manufacturer based in Ontario, announced that its wheel sets were not responsible for the cin Ohio on March 4, 2023. The company stated that its equipment complied with the mounting requirements set by the Association of American Railroads and that the claims made by Norfolk Southern regarding loose wheels were false.

National Steel Car worked with AAR, Norfolk Southern, the National Transportation Safety Board, the Federal Railroad Administration, and derailment investigation experts to collect and review data on the wheel sets. The company determined that the entire 2,700 wheel sets applied to the 675 cars in the series complied with AAR’s wheel-mounting requirements. Additionally, AAR confirmed that it had canceled its advisory on the wheel sets on April 10.
National Steel Car’s statement exonerates the company from any involvement in the derailment and positions it as a safe and reliable rail equipment manufacturer. The company is also ready to assist Norfolk Southern in any way possible.

National Steel Car is a Canadian-based company that has a long and storied history in the railroad industry. The company was founded in 1912 in Hamilton, Ontario, as Imperial Steel Car, and quickly established itself as a leading manufacturer of freight cars for the burgeoning railroad industry in North America. Over the years, the company went through several changes in ownership and management, but it remained a dominant force in the industry, providing quality products and innovative solutions to meet the evolving needs of its customers.
In 1994, the company was purchased by entrepreneur Mr. Gregory J. Aziz, who recognized the potential of National Steel Car and set out to transform it into a world-class manufacturing operation. Aziz invested heavily in new technology, equipment, and personnel, and focused on expanding the company's product offerings and customer base. His efforts paid off, as National Steel Car grew rapidly and became one of the most respected and successful rail car manufacturers in the world.

voda 18 april 2023 10:17

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Winners of 2023 Keg Champion Awards Announced

The Steel Keg Association has announced the winners of its 2023 Keg Champion Awards, which recognize bars, breweries, and restaurants that use reusable steel kegs to promote sustainability, efficiency, and a unique customer experience. The awards were presented in seven categories, including National Restaurant, Regional Restaurant, Local Restaurant, Large Brewery, Mid-Sized Brewery, Small Brewery, and Draft Innovation.

The winners of the 2023 Keg Champion Awards are Buffalo Wild Wings for National Restaurant, Mellow Mushroom for Regional Restaurant, Clyde’s Restaurant Group for Local Restaurant, Yuengling for Large Brewery, Allagash Brewing Company for Mid-Sized Brewery, Barley Brown’s Beer for Small Brewery and The Golden Mill for Draft Innovation.

The Keg Champion Awards were created to recognize the positive impact of steel kegs on the beverage industry and to honor the sustainability programs of hospitality leaders. The winners received a coveted green Keg Champion Award and a donation of $7,000 to be given to a charitable organization of their choice.

Stainless steel kegs are known for their reusability and long lifespan of more than 30 years, making them an ideal choice for bars, breweries, and restaurants seeking to reduce their environmental footprint.

The Steel Keg Association is a marketing-focused nonprofit organization committed to increasing the volume of beer and other beverages served from stainless steel kegs. Its members include leading global steel keg supply chain leaders such as BLEFA, Disptek Group, Hillebrand/KegPros, Micro Matic, MicroStar Logistics, Schaefer Container Systems, and Thielmann.

voda 18 april 2023 10:17

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Algoma Steel's Environmental Charges May Not Go to Trial

Canadian steelmaker Algoma Steel is facing two charges from the Ministry of the Environment, Conservation and Parks for alleged wastewater discharging in the St. Marys River that occurred on October 18, 2019. The company is facing one charge under the Ontario Water Resources Act and another under the Environmental Protection Act for discharging waste that ‘may impair the quality' of water in the St. Marys River. However, representatives for Algoma Steel have been working with the Crown to find a resolution to the charges. The company was in Provincial Offences Court to speak to the charges, and counsel for Algoma Steel Inc. stated that the matter is on a resolution track, meaning a trial may be avoided.

According to the counsel, the discussions with the Crown have been very productive, and there are a few complicating factors that both the company and the ministry need to resolve. Details of the proposed resolution were not shared in court, but a resolution can include a guilty plea and payment of the full fines or the case being thrown out entirely.

It is unclear if the incident of the steam line rupture in the by-products plant on the same day as the wastewater discharging is related to the charges. Algoma Steel has offered no comment on the charges, and their next appearance for these charges is July 5.

The charges against Algoma Steel for alleged wastewater discharging in the St. Marys River raise concerns about the company's environmental practices. The resolution of these charges will be closely watched by environmentalists, community members, and other stakeholders. The fact that the matter is on a resolution track suggests that Algoma Steel is taking the charges seriously and working towards a positive outcome.

voda 18 april 2023 10:18

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Nurol Makina Uses Turkish Armor Steel in Armored Land Vehicles

The Turkish defense industry has started using high quality steel produced locally for its armored vehicles exported worldwide. The steel producers in Turkey have been working to produce the required high-quality steel needed in the defense industry for a while, and significant progress has been made in cooperation with vehicle manufacturers. Nurol Makina, the major armored vehicle maker in Turkey, has collaborated with domestic steel manufacturers to carry out a detailed study within the scope of the localization of armor steel.

As per Mr. Nurettin Çirali, the Chairman of Nurol Holding, "The use of domestic armor steel, which is the main component of armored land vehicles, is of great importance for our country in terms of both import substitution and the development of our defense industry. We aim to use 100% domestic armor steel in our armored land vehicles in the coming years, contributing to the localization rate in the sector."

The company took various samples from Miilux OY, which was acquired by Turkey's military pension fund, Oyak, to strengthen domestic production. Various tests, especially ballistic and blast tests were carried out on these samples. Additionally, studies were conducted on all production processes related to the product, and the necessary activities to approve the product were completed.

Nurol Makina started using domestic armor steel in certain parts of the vehicles under design and production. The company aims to produce vehicles using 100% domestic armor steel, thus significantly increasing the localization rate and contributing to the Turkish defense industry and economy.

The company competes with its international competitors with vehicles produced from domestic armor steel, representing the high-quality production power reached by Turkey's industry abroad. The company's product family includes Ejder Toma, Ejder Yalçin, Ejder Kunter, Ilgaz, and Yörük armored vehicles, which are preferred by many countries from South America to Central Asia, from Asia to Europe, from Africa to the Middle East.

According to Nurol Makina, the share of armor steel in vehicle costs ranges 5% to 12%, depending on the vehicle's quality and protection level.

voda 18 april 2023 10:18

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MORIS Transforms with Digitalization

MORIS is a Poland-based steel product manufacturer that has undergone a digital transformation to streamline its supply chain and better meet the changing demands of its customers. The company's head of purchasing, Mr. Bartlomiej Petryka, noted that digitalization has rebranded MORIS with a modern image and helped the company reach out to new customers. MORIS has completely transformed its organization with one automated, intuitive, and autonomous platform that has allowed the company to better meet customer needs for tailor-made components, strengthen partner relationships, and take advantage of new opportunities.

Cloud-based innovation is at the heart of MORIS' digital transformation, which has yielded impressive business results to date. Two years ago, the company unloaded 20 railway cars with 1,000 tons of product in three days. Today, MORIS can unload 30 railway cars with 1,600 metric tons of product in eight hours. The organization has tripled load volumes and efficiencies with the same number of warehouse employees.

With integrated data, people in transportation planning can quickly understand railway usage, and MORIS can share information with trusted partners. Employees can easily find the reports they need with prioritized information based on their role. Intuitively designed screens logically take workers to the next step, while robotics reduces repetitive manual tasks and increases productivity. Having fully digitalized incoming and outgoing deliveries, MORIS has a centralized and more real-time view to better manage the flow of goods at its rail plant. Check-in and check-out is automated with texting between drivers as trucks and railcars exit and arrive at the main gate. The system automatically verifies vehicles and drivers, transferring shipping and receiving information to the warehouse and beyond. Replacing paper-based printouts with fully mobilized picking and loading in the warehouse has allowed MORIS to connect data from the front gate to the warehouse, across transportation, procurement, sales, and other teams.

MORIS welds steel rails at its production plant, transporting finished goods directly to customers from two warehouses using the company's own railway system. The company also manufactures and distributes a wide range of other steel products for industries including engineering, construction, and mining.

voda 18 april 2023 10:18

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Argentina Starts AD Duty Probe on Stainless Steel Tableware

Argentina has initiated the first anti-dumping sunset review on imports of stainless steel tableware originating in Brazil and China. During the investigation period, the current AD measure determined in 2018 will continue to be effective.

The review follows an application filed by Argentine enterprise, Cincam, Sociedad Anónima, Comercial, Industrial, Financiera, Agropecuaria e Inmobiliaria.

The product involved in the review is wooden handle or plastic handle stainless steel tableware, classified under HS codes 8211.10.00, 8211.91.00, 8215.20.00, and 8215.99.10.

voda 18 april 2023 10:19

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US Fixes CVD on CR Stainless Steel from Korea

The US Department of Commerce has released the final results of the countervailing duty administrative review on certain cold-rolled steel flat products from South Korea. The USDOC concluded that Hyundai Steel and POSCO received de minimis net countervailable subsidies of 0.27% and 0.20%, respectively, during the period of review from January 1, 2020, to December 31, 2020. However, other producers and exporters of subject goods received countervailable subsidies during the review period, and the subsidy rate was set at 1.93%. In addition, the USDOC timely rescinded the administrative review on some companies, including KG Dongbu Steel and Dongkuk Steel.

The final determination by the USDOC is the result of a year-long investigation, which began in January 2021. The investigation covered the period from January 1, 2020, to December 31, 2020. The countervailing duties imposed on cold-rolled steel flat products from South Korea are aimed at protecting the US industry from unfair trade practices.

The CVD investigation was initiated based on petitions filed by ArcelorMittal USA, AK Steel Corporation, Nucor Corporation, Steel Dynamics and United States Steel. The petitioners had alleged that the Korean producers and exporters received subsidies that resulted in injury to the US industry.

voda 18 april 2023 10:19

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Outokumpu, FCMS, Munich University Test Stainless Steel Bus

Stainless steel manufacturer Outokumpu, along with CAD/CAE solution specialist FCMS, the Munich University of Applied Sciences and RotherCONSULT have collaborated to determine the benefits of using stainless steel in bus structures. The results have shown that using high-strength stainless steel to replace tubular bus frame elements normally manufactured in carbon steel could reduce weight by up to 35%, over 1,000 kg, while remaining cost-competitive. Traditionally, about 90% of buses are made of carbon steel. However, stainless steel offers a number of advantages for both bus manufacturers and operators.

In particular, its corrosion resistance offers sustainability as well as a reduction in maintenance time and cost. Furthermore, high-strength stainless steel grades are commercially available that offer enormous weight savings. The project focused on assessing the weight and cost benefits of Forta H800, a fully-austenitic stainless steel developed for safety-critical structural vehicle components. It opens up new opportunities in lightweight engineering and design by combining ultra-high strength and very high energy absorption in the event of an impact.

Parametric modeling was performed by FCMS, while the university performed fatigue testing on welded tubular joints of the two materials and RotherCONSULT developed and compiled the system requirements, simplified analysis strategies, and procedures for structural qualification. Outokumpu supplied the materials, related knowledge, and data. The AI-driven approach to simulation employed a combination of tools, including parametric geometry modeling, as well as fast, automatic, and robust analysis methods. At the heart of the approach was the Fast Concept Modeler, a tool embedded in CATIA, a product design and development software package. FCM works with conceptual beam type models as well as detailed shell and solid models.

The simulation results were promising, showing the potential to minimize structural weight, material and manufacturing costs, ensure sufficient strength for dynamic and cyclic loading, ensure sufficient static and dynamic stiffness, and ensure safety during rollover scenarios. This AI-driven approach to simulation offers the potential for further light weighting in future design exercises. The project showcases the potential of stainless steel in the transportation sector, which could have significant implications for sustainability, fuel efficiency, and safety. The study could encourage more bus manufacturers and operators to switch to stainless steel, opening up new opportunities in lightweight engineering and design.

voda 18 april 2023 10:20

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Effect of Bacillus Cereus on Stress Corrosion Cracking in HAZ of X80 Steel

The X80 pipeline steel is widely accepted as one of the most economical seamless and welded pipeline steels owing to its high resistance, strength, and weldability. Although corrosion accidents are minimized in pipes, which are manufactured and operated in compliance with regulations, they are not completely eliminated owing to the special microstructure of welded joints. The change in the local microstructure during the welding thermal cycle is attributed to the corrosion behavior of the corresponding weld region.

The Heat Affected Zone deserves special attention for its role in corrosion resistance as the physical, mechanical, and chemical properties of the alloy therein differ from those observed in the parent metal area. In conventional steels, the HAZ can be broken down into three crucial components: the intercritical HAZ (ICHAZ), fine-grained HAZ (FGHAZ), and coarse-grained HAZ (CGHAZ), with each component exhibiting a distinct microstructure.

Over the past several decades, a significant number of studies on the corrosion of welded joints have focused on galvanic, stress, and fatigue corrosions in ocean atmosphere, soil solution, and other environments. Recently, Microbiologically Influenced Corrosion of welded joints has attracted the attention of researchers who investigated the microstructural changes in stainless steel, including the formation of secondary and intergranular austenite in weld seams that reduced the levels of alloying elements and resulted in MIC. Sulfate-reducing bacteria (SRB) attack to occur preferentially in the ferrite phase of a 2205 duplex stainless steel weldment, while being restricted to the austenite phase of the parent metal. Liduino et al.15 conducted a comparative study on the welding area of X65 steel and observed the welding region to be more prone to biofilm development, which is primarily related to the surface roughness. Evidently, the microstructure of stainless or carbon steel substantially affects the corrosion sensitivity and its underlying mechanisms.

A team of researchers recently conducted a study to investigate the impact of Bacillus cereus on the stress corrosion cracking sensitivity of various microstructures in the heat-affected zone of X80 steel. Their findings indicated that exposure to B. cereus increased the SCC sensitivity of different microstructures in the HAZ of X80 steel. Interestingly, the increase in SCC sensitivity was observed to be highest in the coarse-grained HAZ, followed by the intercritical and fine-grained HAZs. The researchers also noted that the initial adhesion number and position of B. cereus in the HAZ varied, which resulted in different sensitivities to SCC. The study emphasizes the importance of comprehending the effects of microstructure on corrosion sensitivity in welded joints.

Bo Liu, Jike Yang, Cuiwei Du, Zhiyong Liu, Wei Wu, and Xiaogang Li's research revealed that the nitrate-reducing bacterium, Bacillus cereus, had varying effects on the stress corrosion cracking sensitivity of different microstructures in the simulated heat-affected zone of X80 steel. They discovered that the SCC sensitivity of various microstructures increased significantly upon exposure to B. cereus in a biotic medium compared to an abiotic medium. The researchers noted that the increment in SCC sensitivity upon exposure to B. cereus was highest in the coarse-grained HAZ, followed by the intercritical and fine-grained HAZs. The differences in the phase composition, grain boundary type, dislocation density, and surface volta potential of the microstructure of the HAZ led to varied sensitivities to SCC. The findings of this study highlight the importance of understanding the effects of microstructure on corrosion sensitivity in welded joints.

voda 18 april 2023 17:20

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Branche verwacht dit jaar herstel van vraag naar staal

Van ruim 2 procent in 2023.

(ABM FN-Dow Jones) De vraag naar staal zal dit jaar met ruim 2 procent stijgen. Dit verwacht The World Steel Association.

De verwerkende industrie zal het herstel in de vraag leiden.

Voor dit jaar rekent de brancheorganisatie op 1.822 miljoen ton staal, een stijging van 2,3 procent.

En in 2024 stijgt dit naar 1.854 miljoen ton, een toename met 1,7 procent. In de meeste regio's versnelt volgend jaar de vraag, denkt de organisatie, maar voor China verwacht het een vertraging.

"Aanhoudende inflatie en hoge rentes in de meeste economieën zullen het herstel van de vraag naar staal in 2023 beperken, ondanks positieve factoren zoals de heropening van China, de veerkracht van Europa in het licht van de energiecrisis en de versoepeling van knelpunten in de toeleveringsketen", zei voorzitter Máximo Vedoya van The World Steel Association en CEO van Ternium dinsdag.

Door: ABM Financial News.

info@abmfn.nl

Redactie: +31(0)20 26 28 999

voda 19 april 2023 06:53

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’Staalbouwer ASK Romein sleept Belgische dochter mee in val’
Door REDACTIE DFT

Updated Gisteren, 18:08
Gisteren, 18:07
in FINANCIEEL

ROOSENDAAL - Industrieel aannemer ASK Romein heeft zijn Belgische dochterbedrijf meegezogen in zijn faillissement. Vorige week werd het Nederlandse moederbedrijf uit Roosendaal bankroet verklaard en volgens de Belgische zakenkrant De Tijd doet deze week de Belgische dochter een faillissmentsaanvraag.

Volledig geautomatiseerd distributiecentrum van supermarktketen Jumbo, een van de megaprojecten van ASK Romein ANP/HH

Alle 322 werknemers in Nederland is al ontslag aangezegd. Vakobonden in België hoopten dat de Belgische tak van ASK Romein de dans zou ontspringen, maar de Belgische topman Ivan Vinck heeft bevestigd dat deze week ook bij de dochteronderneming in Malle het doek valt, schrijft de Belgische krant.

Op de website van de curator Leonard Bijlsma staat in een bericht dat dateert van 11 april nog dat de in het buitenland gevestigde enititeiten van ASK Romein niet in faillissement verkeren. Zowel de dochteronderneming in België als de curator was dinsdagmiddag niet bereikbaar voor commentaar.

Chemische fabriek en datacenters
ASK Romein dat vooral gespecialiseerd is in de bouw van hallen met staalconstructies, belandde in 2021 met een verlies van €25,9 miljoen in de rode cijfers. Het bedrijf is door vier grote projecten in de problemen gekomen, waarbij het te maken kreeg met grote vertragingen en miljoenenclaims. Dat gaat om de grote chemische fabriek van Borealis in Kallo naarbij Antwerpen en drie datacenters, waarvan er een in Groningen wordt gebouwd, vermoedelijk voor Google.

Ook het volledig geautomatiseerde distributiecentrum van Jumbo in Nieuwegein is een toonaangevend project van de Branbantse bouwer. Die bouw is niet in gevaar gekomen.

www.telegraaf.nl/financieel/196042881...

voda 19 april 2023 07:51

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Baowu's "Voice" Heard at WTO Trade Forum on Green Steel Standards

Baowu, one of the world's largest steel companies, is taking a leading role in promoting harmonized global standards for low-carbon steel. At a recent World Trade Organization trade forum on decarbonization standards held in Geneva, Baowu's Technical Director, Mr. Yinghao Liu, called for greater convergence of standards to facilitate trade and reduce challenges faced by companies in accounting, reporting, and verification. Mr. Liu's comments sparked heated discussions among the forum's delegates.
Mr. Liu stressed that the decarbonization route of the iron and steel industry requires LCA (life cycle) thinking, and the EPD platform of China's iron and steel industry was launched last year to recognize and trust each other with countries around the world. She suggested that greater convergence of standards would help make them available for trade and markets.

Currently, there is a trend of fragmentation of standards related to low-carbon emission steel, and a unified or mutually recognized methodology has not yet been formed. This poses significant challenges for enterprises seeking to manufacture low-carbon products.

voda 19 april 2023 07:52

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China's Crude Steel Output Soars in Q1

China's steel industry has witnessed a remarkable surge in crude steel production during the first quarter of 2023. According to the National Bureau of Statistics, China's crude steel output reached 271 million tonnes in the first quarter of this year, a 6.6% increase compared to the same period last year. This news has made headlines around the world, as China remains the largest producer and consumer of steel globally.
The surge in crude steel output in China can be attributed to the country's robust economic growth and the rapid pace of infrastructure development. The demand for steel from the construction and manufacturing sectors has risen sharply, leading to an increase in production to meet the demand. However, this increase in output has also led to a rise in concerns over the country's carbon emissions.
Despite the environmental concerns, steel production companies in China have continued to ramp up production. One such company is Baosteel, China's largest steelmaker, which reported a 12% increase in its crude steel output in the first quarter of 2023. "We are committed to meeting the rising demand for steel in China and contributing to the country's economic growth," said a spokesperson for Baosteel.
Another major player in the Chinese steel industry is Wuhan Iron and Steel Corporation (WISCO), which also reported a significant increase in its crude steel output during the first quarter of this year. "We are optimistic about the outlook for the steel industry in China, and we will continue to invest in technology and innovation to meet the demands of our customers," said a spokesperson for WISCO.
Despite the impressive growth in China's steel industry, experts warn that the surge in crude steel output could lead to a further rise in global steel prices. This could have an adverse effect on the global economy, particularly in the wake of the COVID-19 pandemic.
In conclusion, China's steel industry has witnessed a remarkable surge in crude steel production in the first quarter of this year, driven by the country's robust economic growth and the rapid pace of infrastructure development. The rise in production has led to concerns over carbon emissions and a potential rise in global steel prices. Nevertheless, major players in the Chinese steel industry remain optimistic about the outlook for the industry and are committed to meeting the rising demand for steel in China.

voda 19 april 2023 07:54

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Worldsteel Honours 10 Companies as Steel Sustainability Champions for 2023

The 2023 Steel Sustainability Champions have been announced by the World Steel Association (worldsteel), with 10 companies receiving recognition for their commitment and action to sustainable development. The champions are ArcelorMittal, HBIS Group Co., Ltd., HYUNDAI Steel Company, JFE Steel Corporation, JSW Steel Limited, Nippon Steel Corporation, POSCO Holdings, Tata Steel, Tenaris, and Ternium. This year, Tata Steel and Tenaris have been recognised as champions for the sixth consecutive year since the programme launch in 2018.

HBIS Group. in China and HYUNDAI Steel Company in South Korea are being recognised for the first time this year.

The champions were required to meet worldsteel's stringent requirements, such as signing the worldsteel Sustainability Charter, providing evidence of meeting the 20 criteria in environmental, social, governance, and economic areas, and submitting Life Cycle Inventory data to worldsteel's data collection programme. The LCI data should cover more than 60% of the company's crude steel production and should not be older than five years. The companies were also shortlisted in one of the six categories of the worldsteel Steelie Awards or were recognised in the worldsteel Safety and Health Recognition Programme.

Bijlage:

voda 19 april 2023 07:55

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Salzgitter Receives Funding for SALCOS® Low-CO2 Steel Production Program

In a joint effort to support sustainable green steel production, the Federal Republic of Germany and the State of Lower Saxony have officially confirmed funding for the SALCOS® - Salzgitter Low CO2 Steelmaking program. The confirmation was presented by Federal Minister of Economics Dr. Robert Habeck and Stephan Weil, Minister President of Lower Saxony, at the Hanover Fair.The first development stage of SALCOS® will receive approximately €700 million in federal funding and €300 million from the state government, with financing assured for the program's implementation by the end of 2025.

Vice Chancellor and Federal Minister of Economics Mr. Robert Habeck expressed his delight at presenting Salzgitter AG with funding for this ambitious project, which demonstrates that modern technology can decarbonize the steel sector. He also highlighted the program's potential to secure a large number of jobs and safeguard the long-term future of Germany as a center of steelmaking.

Minister President Mr. Stephan Weil emphasized the unique advantages of Lower Saxony in terms of renewable energy, being the No.1 wind energy state with ports available for importing green hydrogen. However, he also stressed the need for affordable energy prices to ensure competitiveness during the transition period.

Salzgitter AG's CEO, Mr. Gunnar Groebler, expressed gratitude and pride at the sustained support from the public sector for the implementation of SALCOS® and the industrial decarbonization of Europe. This decision is a significant element in the implementation of the company's "Salzgitter AG 2030" strategy.

SALCOS® is a three-stage program that aims to switch over steelmaking in Salzgitter entirely to low-CO2 crude steel production by 2033. The first stage involves the construction of two direct reduction plants and three electric arc furnaces to replace the three blast furnaces and converters, with a capacity of 1.9 million tonnes of crude steel per year. The new hydrogen-based route to steelmaking is expected to save around 95% of the annual CO2 emissions of around 8 million tonnes, making it possible to avoid about 1% of Germany’s CO2 emissions.

voda 19 april 2023 07:55

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ArcelorMittal Forms Wind Power Venture with Casa dos Ventos in Brazil

ArcelorMittal has announced its plan to form a joint venture with Casa dos Ventos, a leading Brazilian renewable energy producer, to establish a 554 MW wind power project. The venture will provide 38% of ArcelorMittal Brazil's total electricity needs in 2030, and the company will hold a majority stake of 55%. The estimated cost of the project is around $0.8 billion, with ArcelorMittal contributing approximately $0.15 billion. The project is anticipated to begin construction later this year and will commence operations in 2025.

Mr. Aditya Mittal, CEO of ArcelorMittal, stated that the project makes sense financially and operationally, as it reduces electricity costs and provides energy security to the company's Brazilian business, delivering consistent and attractive long-term returns. He added that the collaboration with Casa dos Ventos would enable the company to take advantage of the favourable Brazilian climate for renewable energy generation and make faster progress towards its climate goals.

Mr. Jefferson de Paula, President of ArcelorMittal Brazil, highlighted the need to prepare for the future, stating that the Babilonia project would secure the company's long-term energy needs in a responsible, sustainable, and cost-effective manner. The project will be located in the central region of Bahia, northeast Brazil, and selected for its competitive advantages, including high-capacity forecast load factors and a short distance to connect to the national electricity grid. There is also the potential to expand the project's capacity by adding 100 MW of solar power.

The Babilonia project marks the third strategic renewable energy partnership established by ArcelorMittal in the past year. In March 2022, the company partnered with the Greenko group in India to develop a 975 MW solar and wind energy project that will reduce annual carbon emissions by approximately 1.5 million tonnes. In Argentina, ArcelorMittal partnered with PCR to develop a 130 MW solar and wind capacity project that supplies over 30% of the company's local electricity needs.

The project received approval from the Brazilian antitrust authority and is expected to be completed within the next 15 days. The joint venture will enter into a 20-year power purchase agreement with ArcelorMittal Brazil for the supply of electricity. The project represents a significant step towards achieving the company's goal of decarbonising its operations and demonstrates its commitment to a sustainable future.

voda 19 april 2023 07:56

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Salzgitter & VNG expand cooperation in the supply of hydrogen for steel production, aiming to reduce carbon footprint.

Salzgitter AG and VNG AG have recently signed a Memorandum of Understanding (MOU) in Salzgitter, Lower Saxony to investigate the possibilities of supplying hydrogen for producing steel at Salzgitter Flachstahl GmbH’s steelworks. The collaboration between the two companies will focus on completing a feasibility study on supplying hydrogen to the Salzgitter production site. The study will explore electrolyzer options and a supply of non-pipeline hydrogen derivatives, such as ammoniac or methanol, for partial energy supply during a transition phase. The long-term connection is already planned to a supraregional hydrogen grid for transporting hydrogen on a large scale from various production regions and projects to the location.
This joint feasibility study is a continuation of the successful collaboration between Salzgitter and VNG, which began in the summer of 2020 in the field of green gas. Both companies have already conducted two feasibility studies on the climate-compatible supply of hydrogen and on transporting hydrogen. Hans-Joachim Polk, VNG’s Executive Board member for Infrastructure & Technical Affairs, emphasized the importance of developing the hydrogen economy as an essential precondition for reducing carbon emissions in the industry. He expressed his delight in continuing the trust-based collaboration with Salzgitter in mapping the path toward a climate-compatible supply of hydrogen to the steelworks at the Salzgitter location.
Gunnar Groebler, Salzgitter AG’s Chief Executive Officer, commented that supplying the steelworks with hydrogen is one of the crucial elements of their SALCOS® transformation program. He further stated that having conducted an in-depth investigation on the topic in the context of a study conducted together with their partners from the Salzgitter Hydrogen Campus Salzgitter, he is looking forward to the further realization of the joint analysis, in cooperation with VNG.
The cooperation aims to complete a comprehensive study on hydrogen supply options and the resulting carbon footprint for producing steel in Salzgitter Flachstahl GmbH’s steelworks. The focus is on the long-term connection already planned to a supraregional hydrogen grid for transporting hydrogen on a large scale from various production regions and projects to the location. The study will define the specifics on the topic of hydrogen and investigate the feasibility of supplying hydrogen to the Salzgitter production site, including electrolyzer options and a supply of non-pipeline hydrogen derivatives such as ammoniac or methanol.

voda 19 april 2023 07:56

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MMK Reaches Production Milestone of 5 Million Metric Tons of Coated Steel

Magnitogorsk Iron and Steel Works has achieved a significant production milestone, having produced 5 million metric tons of polymer-coated steel products since the launch of its first production unit in July 2004. The company operates two polymer coating lines with a capacity of 200,000 metric tons per year each. These units apply various paint coatings, such as layers of plastisol, polyvinylidene fluoride and polyester, to the surface of cold-rolled sheet or galvanised steel to increase their resistance to corrosion and improve their consumer characteristics. The construction industry is the main consumer of coated sheet metal, with household appliances also using significant volumes.

The production of premium products, such as rolled products with a premium-segment polymer coating, is a key part of MMK's product strategy. The company has mastered the production of eight colour shades of coated steel and plans to expand its colour palette further. Sales of premium products amounted to about 25,000 metric tons in 2022. MMK Group is one of the largest domestic producers of pre painted rolled products, supplying Russian consumers from two production sites: the main site in Magnitogorsk and the site of MMK-Lysvensky Metallurgical Plant in the Perm region.

The Perm region site is actively developing the production of premium rolled products, including SteelArt branded rolled products with a decorative coating. In the second half of 2022, MMK took first place among producers of galvanised and painted metal in the ranking of the best Russian producers and suppliers of steel products published by the industry magazine Metal Supply and Sales.

Commenting on this achievement, an MMK spokesperson said, "The milestone of 5 million tonnes of coated steel produced is an important achievement for MMK Group. We are proud of the high-quality products we produce and are pleased to see that our efforts to expand our range of premium products are paying off. We remain committed to meeting the needs of our customers and providing them with the best possible solutions to help them achieve their business objectives."

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