Beursonline.nl

voda 19 maart 2024 06:53

2

ArcelorMittal Spain's GasLab: Trailblazing Hydrogen Innovation Crucible

Synopsis:
ArcelorMittal's experimental hydrogen plant, GasLab, is set to become a transformative force in the Asturian economy, driving decarbonization and industrial transformation, reprts La Vozde Asturias. With a $6.6 million budget, the facility will test renewable hydrogen applications in industrial processes, making it a unique and strategic asset for Asturias and the world.

Article:

The Minister of Science, Business, Training and Employment, Borja Sánchez, has emphasized the "strategic importance" of the experimental hydrogen plant, GasLab, in driving the decarbonization and transformation of the Asturian industry. The facility, managed by the public-private consortium Hydrogen Hub Asturias (H2Asturias) and led by ArcelorMittal, is poised to become a "tractor" element of the Asturian economy.

During a media presentation at ArcelorMittal's facilities in Veriña, Sánchez highlighted the significance of the GasLab in testing the use of renewable hydrogen in industrial processes. With a total budget of $6.6 million over three years, of which just over $4.7 million will be provided by public funds, the pilot plant represents a crucial step towards the integration of green hydrogen in the industry.

Sánchez stressed that the GasLab's ability to "test and accelerate" technologies in an industrial environment makes these facilities "unique in Spain and the world." The H2Asturias consortium's facility will be capable of treating all types of industrial gases, expanding the spectrum of studies that can be conducted around renewable hydrogen.

The consortium, led by ArcelorMittal, also includes Idesa, Iturcemi, Magna Dea, H2Vector Energy Technologies, the University of Oviedo, the Idonial Foundation, and the Carbon Science and Technology Institute (Incar-CSIC). The pilot plant features a furnace with a power of 1.2 Megawatts, complemented by various installations and specific equipment from the consortium members.

The projects at the GasLab will focus on three main areas: the generation of low-temperature green hydrogen from renewable energy, the uses of hydrogen in the industrial combustion sector to reduce CO2 emissions, and its application as a chemical agent. The project is part of the complementary plans of the Ministry of Science and Innovation, with regional financing and support from the Recovery, Transformation and Resilience Plan, endowed with European Next Generation EU funds.

Asturias will collaborate on this complementary plan with several other regions, including the Basque Country, Aragon, Castilla-La Mancha, the Canary Islands, Navarra, Extremadura, Cantabria, Castilla y León, and Madrid, as well as with the Higher Council for Scientific Research (CSIC).

The GasLab represents a significant milestone in Asturias' journey towards a more sustainable and innovative industrial future. By providing a platform for testing and accelerating renewable hydrogen technologies, the facility will contribute to the decarbonization efforts and economic transformation of the region.

Conclusion:
ArcelorMittal's experimental hydrogen plant, GasLab, is set to become a game-changer for the Asturian industry, driving the region's decarbonization and economic transformation. With its ability to test renewable hydrogen applications in industrial processes, the facility will be a unique and strategic asset not only for Asturias but also for Spain and the world. The collaboration between ArcelorMittal, various consortium members, and regional partners, along with the support of public funds and European Next Generation EU funds, highlights the collective effort to advance sustainable technologies and combat climate change. As the GasLab begins its operations, it will undoubtedly play a pivotal role in shaping the future of green hydrogen integration in the industrial sector.

Bron Steelguru (via email)

voda 19 maart 2024 06:54

2

ArcelorMittal Dofasco Unveils EPDs, Championing Sustainable Steel

Synopsis:
ArcelorMittal Dofasco, Canada's largest flat roll steel producer, has published five Environmental Product Declarations for construction products using XCarb™ recycled and renewably produced steel. The EPDs certify the lowest embodied carbon sheet steel available in the North American market, allowing customers to offer products with a significantly reduced carbon footprint.

Article:

ArcelorMittal Dofasco, Canada's largest flat roll steel producer, has taken a significant step towards carbon-neutral steel by publishing five Environmental Product Declarations (EPDs) for end-use construction products using XCarb™ recycled and renewably produced (RRP) steel. This move allows construction-based customers to offer products such as cladding, decking, roofing, cold form sections, and more with a significantly reduced embodied carbon footprint compared to much of the steel available in North America.

Andrew Connor, VP Commercial at ArcelorMittal Dofasco, stated, "These Environmental Product Declarations (EPDs) certify that production on our Electric Arc Furnace generates the lowest embodied carbon sheet steel available in the North American market. This is another example of our commitment to delivering innovative and sustainable steel products for our customers who are striving to lower GHG emissions in their products."

ArcelorMittal's XCarb™ RRP steel is produced using the Electric Arc Furnace (EAF) steelmaking route and contains a minimum of 70% scrap, with up to 90% scrap, without relying on carbon offsets to achieve the reduced carbon intensity. Unlike other offerings in the industry, XCarb™ RRP is a physical steel product with a lower CO2 intensity that has been independently verified through a Life Cycle Analysis (LCA) that includes Scope 1, 2, and upstream Scope 3 emissions.

A confirmation letter verifies that the electricity used in the steelmaking process comes from renewable sources. The Environmental Product Declarations (EPDs) are compliant with ISO 21930, ISO 14025, and the applicable North American PCR standards. The EPDs for various steel products, including cold-formed sections, corrugated steel pipe, hollow structural sections, steel cladding and roofing, and steel deck, are available online at ArcelorMittal's website.

ArcelorMittal has committed to reducing the carbon intensity of its global steel production by 25% by 2030 and achieving carbon neutrality by 2050. ArcelorMittal Dofasco, based in Hamilton, Ontario, has announced plans to reduce its carbon emissions by approximately 60% by transitioning from coal-based steelmaking to Direct Reduced Iron (DRI) fed Electric Arc Furnace (EAF) steelmaking.

The publication of these EPDs is a significant milestone in ArcelorMittal Dofasco's journey towards sustainable steel production. By providing customers with independently verified, low-carbon steel options, the company is enabling the construction industry to reduce its environmental impact and contribute to the global effort to combat climate change.

As the demand for sustainable building materials continues to grow, ArcelorMittal Dofasco's commitment to producing low-carbon steel is expected to position the company as a leader in the North American market. The company's ongoing efforts to reduce its carbon footprint and provide innovative, sustainable steel solutions demonstrate its dedication to meeting the evolving needs of its customers and contributing to a more sustainable future for the steel industry.

Conclusion:
ArcelorMittal Dofasco's publication of five Environmental Product Declarations (EPDs) for construction products using XCarb™ recycled and renewably produced (RRP) steel marks a significant step towards carbon-neutral steel production in North America. By offering independently verified, low-carbon steel options, the company is enabling its construction-based customers to reduce their environmental impact and contribute to the global effort to combat climate change. ArcelorMittal Dofasco's commitment to reducing its carbon emissions by approximately 60% through the adoption of Direct Reduced Iron (DRI) fed Electric Arc Furnace (EAF) steelmaking demonstrates its dedication to sustainable steel production and positions the company as a leader in the North American market.

Bron Steelguru (via email)

voda 19 maart 2024 06:54

2

ArcelorMittal Pioneers Sustainable, Safer Steel for Next-Gen Stock Cars

Synopsis:
ArcelorMittal is developing carbon-neutral steel for the safety cages of the 2025 generation Stock Cars, making them more sustainable and safer. The company is already conducting tests this year, showcasing its commitment to innovation and sustainability in the automotive industry, while prioritizing driver safety in the popular racing series.

Article:

ArcelorMittal, a global leader in the steel industry, is making significant strides in developing sustainable and safer steel solutions for the new generation of Stock Cars. The company's latest innovations include the development of carbon-neutral steel, which will be applied to the safety cages of the 2025 generation Stock Cars, enhancing both sustainability and driver safety.

The development of carbon-neutral steel is a groundbreaking achievement in the automotive industry, as it addresses the growing demand for environmentally friendly materials without compromising on performance and safety. ArcelorMittal's commitment to sustainability is evident in this innovation, as the company aims to reduce its carbon footprint while providing high-quality steel products to its customers.

The application of carbon-neutral steel to the safety cages of Stock Cars is a testament to ArcelorMittal's dedication to driver safety. Safety cages play a crucial role in protecting drivers during high-speed races, and the use of advanced steel materials ensures that the cages can withstand the intense forces involved in potential collisions or accidents.

ArcelorMittal's development of sustainable and safer steel for Stock Cars is not just a concept; the company is already conducting tests this year to validate the performance and reliability of the new materials. These tests will provide valuable data and insights that will help refine the manufacturing process and ensure that the carbon-neutral steel meets the stringent requirements of the racing industry.

The 2025 generation of Stock Cars is set to benefit greatly from ArcelorMittal's innovations. By incorporating carbon-neutral steel into the safety cages, the cars will not only be more environmentally friendly but also offer enhanced protection for the drivers. This development is expected to set a new standard in the racing industry, inspiring other manufacturers to follow suit and prioritize sustainability and safety in their designs.

ArcelorMittal's commitment to sustainability extends beyond the development of carbon-neutral steel. The company has been actively working on various initiatives to reduce its environmental impact, such as increasing the use of renewable energy, optimizing its production processes, and investing in research and development to create more sustainable steel products.

The development of sustainable and safer steel for Stock Cars is a clear indication of ArcelorMittal's leadership in the steel industry. By combining innovation, sustainability, and a focus on safety, the company is setting an example for others to follow, while also contributing to the evolution of the automotive and racing industries.

Conclusion:
ArcelorMittal's development of carbon-neutral steel for the safety cages of the 2025 generation Stock Cars is a significant milestone in the pursuit of sustainability and safety in the automotive industry. By conducting tests this year and incorporating this innovative material into the next generation of Stock Cars, ArcelorMittal is demonstrating its commitment to reducing its environmental impact while prioritizing driver safety. This groundbreaking achievement is expected to set a new standard in the racing industry and inspire other manufacturers to embrace sustainable and safer steel solutions. As ArcelorMittal continues to lead the way in sustainable steel production, the company is poised to make a lasting impact on the automotive and racing industries, while contributing to a greener future.

Bron Steelguru (via email)

voda 19 maart 2024 06:56

3

ArcelorMittal's Vallourec Stake Acquisition Heralds Industrial Synergy

Synopsis:
ArcelorMittal has agreed to purchase Apollo's 28.4% stake in Vallourec for €955 million ($1.04 billion), marking the final step of Vallourec's financial restructuring initiated in 2021. The transition from Apollo to ArcelorMittal as a reference shareholder reflects Vallourec's successful operational turnaround and robust outlook for the premium seamless tubes business.

Article:

Vallourec, a world leader in premium tubular solutions, has announced that ArcelorMittal, a global steel industry player, has reached an agreement to purchase Apollo's stake in Vallourec. The transaction involves the acquisition of 65,243,206 shares, representing 28.4% of the voting rights and 27.5% of the share capital, at a price of €14.64 ($16.02) per share, for a total purchase price of €955 million ($1.04 billion). This marks the final step of Vallourec's financial restructuring that began in 2021 when Apollo became the company's reference shareholder.

The transition from Apollo, the leader of Vallourec's successful financial restructuring, to ArcelorMittal, a world-renowned steel industry player, speaks to the breadth of the operational turnaround executed since 2021 and the robust outlook for the premium seamless tubes business in the coming years. ArcelorMittal, present in 60 countries with primary steel production facilities in 15 countries, brings a long-term commitment and shares a common industrial vision and complementary expertise with Vallourec.

The transaction was made possible by the New Vallourec plan, announced in May 2022 with the arrival of Philippe Guillemot as CEO. The plan, endorsed by Apollo, has transformed Vallourec into a focused, streamlined, and resilient company with a promising future. The company's 2023 earnings were the best Group results in nearly 15 years, and the Group has reduced its net debt by more than €900 million ($984 million) versus the third quarter 2022 peak. Vallourec remains on track to reach zero net debt by the end of 2025 at the latest and is undertaking several initiatives to continue delivering enhanced shareholder value.

Vallourec reiterates its outlook given in its Fourth Quarter and Full Year 2023 Results press release, expecting Group EBITDA in the first half of 2024 to be broadly similar to second half 2023 EBITDA. For the full year, Vallourec anticipates strong EBITDA generation due to robust Tubes pricing in backlog and operational improvement. The company expects to provide a quantitative full-year EBITDA outlook during the communication of its first half results.

The completion of the acquisition is expected to close in the second half of the year, after obtaining the relevant regulatory approvals. The acquisition will not entail a change of control of Vallourec, and ArcelorMittal does not intend to launch a voluntary tender offer for Vallourec's remaining shares over the next six months. Vallourec and ArcelorMittal will enter into discussions for a shareholders' agreement, with 2 board seats for ArcelorMittal upon closing of the acquisition (subject to negotiations).

Philippe Guillemot, Chairman of the Board of Directors and Chief Executive Officer, expressed his gratitude to Apollo for its decisive action during Vallourec's financial restructuring and its unfailing support in the company's financial and industrial turnaround. He emphasized that with Apollo's help, Vallourec has fundamentally changed its operational and financial structure and is now well-positioned to carry this momentum into the future. Guillemot welcomed ArcelorMittal as a natural shareholder for Vallourec, sharing a passion for the global steel industry and a common vision of its future.

The transition from a world-class financial partner to a world-class industrial partner marks an exciting new chapter for Vallourec. Guillemot looks forward to leading the group and continuing to realize the full potential of its premier industrial base.

Conclusion:
ArcelorMittal's acquisition of Apollo's stake in Vallourec for $1.04 billion signifies the successful completion of Vallourec's financial restructuring and the company's promising future in the premium seamless tubes business. The transition from Apollo to ArcelorMittal as a reference shareholder reflects Vallourec's successful operational turnaround and the potential for industrial synergy between the two companies. With a shared vision for the global steel industry and complementary expertise, Vallourec is well-positioned to continue delivering enhanced shareholder value and realizing the full potential of its premier industrial base under the leadership of Philippe Guillemot.

Bron Steelguru (via email)

voda 20 maart 2024 06:26

2

Beursupdate: AEX op Wall Street

Door ABM Financial News op dinsdag 19 maart 2024
Views: 5.304

(ABM FN-Dow Jones) Op Wall Street zijn dinsdag vijf van de acht AEX-genoteerde fondsen ten opzichte van het slot in Amsterdam lager gesloten.

Aegon (-0,8%)
ArcelorMittal (0,0%)
ASML (+0,7%)
ING Groep (-0,2%)
Philips (-0,4%)
RELX (+0,2%)
Royal Dutch Shell (-0,3%)
Unilever (-0,5%)

Euro/dollar: 1,0866

Op basis van de bovenstaande koersuitslagen zou de AEX index, die sloot op 860,69 punten, zijn geëindigd op 859,35 punten.

Bron: ABM Financial News

voda 20 maart 2024 06:55

3

Interessant artikel:

worldsteel: Steel's Global Capacity Crossroads

Synopsis:
Global steelmaking capacity has stabilized since 2014, with 124 million metric tons of new capacity set to come online in 2024-2026, according to the World Steel Association. However, carbon reduction initiatives may limit future expansion opportunities, and the geographical shift in new capacity additions from China to India and ASEAN countries poses challenges for the industry's decarbonization goals.

Article:
The global steel industry has entered a relatively stable phase in terms of capacity growth, according to Zhong Shaoliang, Deputy Director General of the World Steel Association (WSA). Speaking at a specialized seminar in China, Zhong announced that 124 million metric tons of new steelmaking capacity will be commissioned between 2024 and 2026.

Last year, global steel production capacity reached a maximum of 2.5 billion metric tons, according to data from the Organization for Economic Cooperation and Development (OECD) cited by the WSA representative. This figure represents a plateau after a prolonged period of fluctuation around 2.45 billion metric tons since 2014.

Despite the potential for future growth, Zhong Shaoliang cautioned that expansion opportunities will gradually narrow due to carbon reduction initiatives. These initiatives aim to curb greenhouse gas emissions from the steel industry, which is a significant contributor to global emissions.

India and major ASEAN countries are poised to become the main suppliers of new global steel capacity by 2026, with blast furnace production totaling 70 million metric tons. This development marks a shift from China's dominance in this role, as the country focuses on reducing its carbon footprint.

Over the next three years, steelmakers in Europe, North America, and the Middle East will develop new electric arc furnace (EAF) capacity, according to Zhong. However, he expressed uncertainty about the potential for a significant increase in the share of steel produced by this route in global production in the near future, as it is currently at its lowest level in 50 years.

The OECD's January report highlighted that the 57.1 million metric ton increase in global capacity last year was the highest annual growth in the last decade. Asia accounted for 30.5 million metric tons, or 53.3% of this figure, underscoring the region's dominance in steelmaking capacity additions.

The gloomy outlook for steel demand, coupled with the upward shift of steel capacity from China to other regions, creates an alarming scenario for the coming years. This shift in geographical distribution of new capacity additions poses a significant challenge to achieving the industry's decarbonization goals, as different regions may have varying levels of access to clean energy and infrastructure to support low-carbon steelmaking.

As the steel industry navigates this global capacity crossroads, it will be crucial for policymakers, industry stakeholders, and international organizations to collaborate on strategies that balance the need for capacity growth with the imperative to reduce emissions and transition towards more sustainable production methods.

Conclusion:
The stabilization of global steelmaking capacity, combined with the geographical shift in new capacity additions from China to other regions, presents both opportunities and challenges for the steel industry. While the moderation of capacity growth may ease pressure on supply and demand dynamics, the transition towards low-carbon steelmaking will require concerted efforts to ensure access to clean energy and infrastructure across all major steel-producing regions. By addressing these challenges head-on, the industry can pave the way for a more sustainable future while meeting the growing demand for steel.

Worldsteel

Bron Steelguru (via email)

voda 20 maart 2024 06:56

2

Aperam & Acerinox: Stainless Steel Titans' Steely Courtship

Synopsis:
Spain's Acerinox and Dutch firm Aperam have revealed preliminary merger discussions, a potential deal that could forge a global stainless steel leader and Europe's largest producer, though analysts caution regulatory hurdles may arise, reports Reuters.

Article:
In a move that could reshape the global stainless steel industry, Spain's Acerinox and Dutch company Aperam have confirmed preliminary talks about a possible merger. If successful, this merger could create a formidable global leader in stainless steel production and establish Europe's largest producer in the sector.

Both companies have acknowledged that discussions are in the early stages, with Aperam stating, "No agreement has been reached as to the scope, structure or terms of any possible transaction." Nevertheless, the potential merger has already garnered significant attention from industry analysts and experts.

According to analysts at Jefferies, a combined entity resulting from the merger could boast an annual production capacity of 2.3 million metric tons, surpassing Finland's Outokumpu, the current European leader with a capacity of 1.4 million metric tons. Furthermore, the analysts suggest that the merged company would also hold a leading position in the United States, South America, and South Africa.
Banco Sabadell analysts echoed similar sentiments, stating, "The combined group would become one of the top global players in the stainless steel industry, and a clear leader in the United States and Europe."

However, concerns have been raised regarding potential hurdles from European competition authorities.
While the prospect of creating a European stainless steel powerhouse is enticing, analysts at Jefferies and Banco Sabadell have voiced concerns about the potential regulatory challenges posed by Europe's competition authorities. Mirabaud analysts went a step further, ruling out a green light from the European Union regulator without "significant corrective measures," adding that "This reduces the attractiveness of a long-term merger for Acerinox shareholders."

The proposed merger would require the backing of influential shareholders, including the Mittal family, which holds approximately two-fifths of Aperam, a company spun off from ArcelorMittal in 2011. Additionally, the March family, which holds an 18% stake in Acerinox through a holding company, would need to support the deal.

While the discussions are still in the preliminary stages, the potential merger between Acerinox and Aperam has already sparked discussions and analyses within the industry. Analysts and experts will closely monitor the progress of these talks, assessing the potential synergies, market implications, and regulatory hurdles that may arise.

Conclusion:
The stainless steel industry could be on the cusp of a seismic shift, with the potential merger between Spain's Acerinox and Dutch company Aperam capturing the attention of analysts and industry experts worldwide. While the creation of a global leader and Europe's largest stainless steel producer is an enticing prospect, regulatory hurdles and shareholder support remain crucial factors that will shape the outcome of these preliminary discussions. As the talks progress, the industry eagerly awaits further developments that could reshape the competitive landscape and redefine the dynamics of the global stainless steel market.

Bron Steelguru (via email)

voda 20 maart 2024 06:57

3

ArcelorMittal's Earthen Vanguard Reascends

Synopsis:
ArcelorMittal, the global steel and mining titan, appoints Kleber Silva as the new CEO of ArcelorMittal Mining, effective April 8, 2024. Silva, a seasoned industry veteran with 35 years of experience, rejoins ArcelorMittal after a stint at Eramet, poised to lead the mining arm's growth and navigating industry trends.

Article:
ArcelorMittal, the world's leading steel and mining company, has announced the appointment of Kleber Silva as the new Chief Executive Officer (CEO) of ArcelorMittal Mining, effective April 8, 2024. Kleber Silva will assume the role of Executive Vice President of ArcelorMittal and report directly to Aditya Mittal, the Group's Chief Executive Officer. Furthermore, he will be a member of the prestigious Group Management Committee.

The outgoing CEO, Stefan Buys, who has led the mining business since October 2021, will be departing ArcelorMittal on March 30, 2024, to pursue other opportunities. During his tenure, Stefan Buys played a pivotal role in advancing ArcelorMittal's mining operations in Liberia and Canada, ensuring safe operations and facilitating the progression of key projects. ArcelorMittal extends its sincere gratitude to Stefan Buys for his significant contributions to the company.

Kleber Silva's appointment marks his return to ArcelorMittal after leaving the group in 2017 to join Eramet as the deputy chief executive officer and chief operating officer, responsible for mining and metals operations. At Eramet, he oversaw global mining, plant, and metallurgical activities for various minerals, including manganese, nickel, zircon, titanium, mineral sands, manganese alloys, and lithium.
With an extensive 35-year career in the mining and metal industries, Kleber Silva boasts a remarkable track record of achievements in safety, value creation, growth, turnarounds, and operational excellence. He commenced his professional journey in 1988 at MBR and Vale, subsequently holding various senior operational roles within Vale Brazil and Québec Cartier Mining Company in Canada (later ArcelorMittal Mines Canada).

In 2006, Kleber Silva became a Vice President at ArcelorMittal, overseeing mining operations, and later assumed the role of head of iron ore operations and CTO iron ore mines in August 2008. In May 2012, he was appointed Executive Vice President of ArcelorMittal and head of iron ore.
Kleber Silva holds a master's degree from the École Nationale Supérieure des Mines de Paris, France, and is a mining engineer from the Escola de Minas da Universidade Federal de Ouro Preto, UFOP.
Commenting on the appointment, Aditya Mittal, CEO of ArcelorMittal, expressed his gratitude to Stefan Buys for his significant contribution and praised Kleber Silva as a capable and accomplished leader well-versed in the mining industry and ArcelorMittal. Mittal emphasized that Silva's extensive global experience makes him well-suited to lead the company's mining business into its next phase of development.

Conclusion:
The appointment of Kleber Silva as the CEO of ArcelorMittal Mining marks a significant milestone for the steel and mining giant. With his wealth of industry experience, proven leadership abilities, and deep understanding of ArcelorMittal's operations, Silva is poised to guide the mining arm through its growth plans while addressing key industry trends such as safety, ESG, decarbonization, and digitalization. ArcelorMittal's mining operations are set to embark on an exciting new chapter under Silva's stewardship.

Bron Steelguru (via email)

voda 20 maart 2024 11:19

3

CATF: CCS: Steel's Carbon Capture Salvo

Synopsis:
Carbon capture and storage emerges as another viable route for decarbonizing primary steel production in the EU, complementing the hydrogen-based direct reduced iron approach. While CCS requires significant infrastructure investment, it offers a promising solution for mitigating emissions from existing blast furnaces and DRI plants.

Article:
As the European Union forges ahead in its quest to decarbonize the steel industry, carbon capture and storage (CCS) has emerged as a complementary solution to the hydrogen-based direct reduced iron (DRI) route. CCS technology, developed through research initiatives such as the 'Ultra-low CO2 steelmaking' project (ULCOS), has shown potential for reducing emissions from existing blast furnaces and DRI plants.

Blast furnace-based steel plants are complex systems with multiple emission sources and carbon-containing waste gas flows between various processes. Most research and pilot-scale CCS projects have focused on capturing CO2 from the blast furnace itself, the largest and most concentrated source of emissions. ArcelorMittal, for instance, has proposed capturing 1 million metric tons per year of CO2 from a blast furnace in Dunkirk, France, for permanent storage in the North Sea, although this represents only 8% of the plant's total CO2 output.

Smaller-scale CCS facilities are already operational, including a pilot facility in Dunkirk capturing 0.5 metric tons of CO2 per hour, and a similar-sized facility demonstrated in Sweden as part of the H2020 STEPWISE project. Additionally, several initiatives aim to convert the carbon in blast furnace gas into fuels and other chemicals, a process known as carbon capture and utilization (CCU). A recently commissioned project at the Ghent plant in Belgium uses a biological process to convert carbon monoxide from the blast furnace into ethanol.
Scaling up carbon capture to achieve complete decarbonization of an integrated steel plant would be technically challenging but feasible. The Horizon research project C4U aims to develop capture technologies and process configurations capable of achieving up to 89% CO2 capture across the plant.
Carbon capture can also play a role in decarbonizing natural gas-based DRI plants, particularly in scenarios with limited hydrogen availability. Some DRI technologies already include integrated separation of around 60% of the produced CO2, and large-scale capture and storage have been demonstrated at a DRI plant in Abu Dhabi since 2016. Smaller-scale tests for DRI capture are planned at an ArcelorMittal site in the U.S.

Even with the adoption of 100% hydrogen-DRI, it will be challenging to completely eliminate carbon emissions from the steel production process due to the need for alloying carbon and emissions from electric arc furnace (EAF) electrodes. Both ArcelorMittal and Tata Steel have acknowledged the likely need for additional CO2 capture to address these residual emissions, with ArcelorMittal indicating they could amount to up to 0.5 metric tons per metric ton of steel produced. In the U.S., steel producer Nucor is developing CO2 capture from an EAF.

While CCS requires significant infrastructure investment for CO2 transport and storage, it offers a promising solution for mitigating emissions from existing blast furnaces and DRI plants. By complementing the hydrogen-based DRI approach, CCS can contribute to the decarbonization of the steel industry, providing a pathway for existing facilities to transition towards cleaner production methods.
As the steel industry continues its transformation, a combination of hydrogen-based DRI and CCS technologies will likely play a crucial role in achieving the necessary emissions reductions. However, the successful implementation of CCS will require substantial investments in infrastructure, supportive policies, and collaboration between industry stakeholders, policymakers, and researchers.

Conclusion:
Carbon capture and storage emerges as a vital ally in the steel industry's battle against carbon emissions. While the hydrogen-based DRI route holds immense promise, CCS offers a complementary solution for mitigating emissions from existing blast furnaces and DRI plants. By embracing both technologies, the European steel sector can forge a more comprehensive and effective path towards decarbonization, laying the foundation for a sustainable and environmentally responsible future.

Bron Steelguru (via email)

PJ 20 maart 2024 16:44

2

Lichte stijging , misschien een ommekeer zou fijn zijn

gerard45 20 maart 2024 18:55

0

quote:
PJ schreef op 20 maart 2024 16:44:
Lichte stijging , misschien een ommekeer zou fijn zijn

moet toch wel de buyback zijn, wat anders?

Take a break 20 maart 2024 20:06

2

quote:
gerard45 schreef op 20 maart 2024 18:55:
[...]

moet toch wel de buyback zijn, wat anders?

Staal- en ijzerertsprijzen zitten alweer een aantal dagen in de lift, denk dat dat de de voornaamste reden is.
Bij Ahold Delhaize loopt al een jarenlang inkoopprogramma maar de koers wordt er ook niet echt hoger door, net zoals bij ING en toen het inkooppragramma afgelopen was, toen ging de koers na een week in een rechte streep van 12 naar ruim 14, dus zeg t maar.

voda 21 maart 2024 06:03

4

Beursupdate: AEX op Wall Street

Door ABM Financial News op woensdag 20 maart 2024
Views: 6.797

(ABM FN-Dow Jones) Op Wall Street zijn woensdag zes van de acht AEX-genoteerde fondsen ten opzichte van het slot in Amsterdam hoger gesloten.

Aegon (-0,3%)
ArcelorMittal (+0,7%)
ASML (+1,7%)
ING Groep (+0,8%)
Philips (+0,4%)
RELX (+0,2%)
Royal Dutch Shell (+0,1%)
Unilever (-0,5%)

Euro/dollar: 1,0919

Op basis van de bovenstaande koersuitslagen zou de AEX index, die sloot op 860,54 punten, zijn geëindigd op 862,10 punten.

Bron: ABM Financial News

03har 21 maart 2024 08:01

2

Dalian I.O. + 2,93%

Fed rente 0%

mvliex 1 21 maart 2024 08:42

1

quote:
Take a break schreef op 20 maart 2024 20:06:
[...]

Staal- en ijzerertsprijzen zitten alweer een aantal dagen in de lift, denk dat dat de de voornaamste reden is.
Bij Ahold Delhaize loopt al een jarenlang inkoopprogramma maar de koers wordt er ook niet echt hoger door, net zoals bij ING en toen het inkooppragramma afgelopen was, toen ging de koers na een week in een rechte streep van 12 naar ruim 14, dus zeg t maar.

Nou, als het bij AM afgelopen is hoop ik niet dat dit ook gebeurt...doe mij maar € 34!
;-)))

voda 22 maart 2024 06:05

2

Beursupdate: AEX op Wall Street

Door ABM Financial News op donderdag 21 maart 2024
Views: 6.888

(ABM FN-Dow Jones) Op Wall Street zijn donderdag zeven van de acht AEX-genoteerde fondsen ten opzichte van het slot in Amsterdam lager gesloten.

Aegon (-1,0%)
ArcelorMittal (-0,5%)
ASML (-1,2%)
ING Groep (+0,2%)
Philips (-0,3%)
RELX (-0,1%)
Royal Dutch Shell (-0,1%)
Unilever (-0,0%)

Euro/dollar: 1,0857

Op basis van de bovenstaande koersuitslagen zou de AEX index, die sloot op 875,42 punten, zijn geëindigd op 874,30 punten.

Bron: ABM Financial News

voda 22 maart 2024 07:06

2

Feb 2024: ArcelorMittal Kryvyi Rih Bolsters Output Amid Adversity

Synopsis:
Despite the ongoing challenges posed by Russian attacks on Ukraine's energy infrastructure, ArcelorMittal Kryvyi Rih increased its steel production by 17% year-on-year in February 2024. The company plans to further boost capacity utilization and contribute to the Ukrainian economy during the war, maintaining its facilities for future production increases.

Article:
PJSC ArcelorMittal Kryvyi Rih, a subsidiary of the global steelmaker ArcelorMittal, has reported a 17% year-on-year increase in steel production for February 2024, reaching 77,000 metric tons. The company's press service attributed the growth to the difficult situation with energy supply in February 2023 due to the aggressor's damage to Ukraine's energy infrastructure.

In addition to the rise in steel production, ArcelorMittal Kryvyi Rih also saw significant increases in other areas of its operations. Rolled steel production grew by 16% year-on-year to 73,000 metric tons, pig iron output increased by 33% to 116,000 metric tons, iron ore concentrate production rose by 35% to 527,000 metric tons, and blast furnace coke production surged by 57% to 77,000 metric tons.

Despite the positive trends, the company's production activities in February 2024 were once again negatively impacted by Russian attacks on the energy infrastructure of the Kryvyi Rih region. As a result, steel and rolled products production saw a modest 1% month-on-month increase, while concentrate production grew by 4%. However, pig iron output fell by 22% and coke output decreased by 9% compared to the previous month.

Andriy Tarasenko, Chief Analyst at GMK Center, commented on the situation, stating, "The plant is showing positive dynamics, but the production potential of one blast furnace is almost exhausted. According to the management, the plant may launch another blast furnace in April. The products will be mostly exported. Therefore, the main factor here will be the stability of the sea corridor and the attractiveness of prices in export markets, which are currently experiencing a significant decline."
Looking ahead, ArcelorMittal plans to increase its capacity utilization from 25% to 50% in 2024. The company aims to maximize the utilization of its mining division and launch two blast furnaces in the steel division during the second quarter of the year, specifically in April.

Despite the challenges faced in 2023, ArcelorMittal Kryvyi Rih managed to produce 1 million metric tons of steel, 1.5 million metric tons of pig iron, and 0.9 million metric tons of commercial rolled products. The company's continued operation during the war has been crucial in supporting the Ukrainian economy and maintaining its production facilities for future growth when the situation improves.

ArcelorMittal Kryvyi Rih is a full-cycle steelmaking enterprise in Ukraine, with production facilities designed to produce over 6 million metric tons of steel, 5 million metric tons of rolled products, and 5.5 million metric tons of pig iron annually. The company employs more than 20,000 people and plays a significant role in the country's industrial landscape.

Conclusion:
ArcelorMittal Kryvyi Rih's ability to increase its production despite the ongoing challenges posed by Russian attacks on Ukraine's energy infrastructure is a testament to the company's resilience and commitment to supporting the Ukrainian economy. By continuing to operate and maintaining its facilities, ArcelorMittal Kryvyi Rih is positioning itself for future growth and contributing to the country's economic stability during these difficult times. As the company works towards increasing its capacity utilization in 2024, it will play an even more crucial role in Ukraine's industrial sector and the nation's overall economic recovery.

Bron: Steelguru (via email)

voda 22 maart 2024 07:07

2

ArcelorMittal's Asturias Ascent: Magnelis® Magnification Materialized

Synopsis:
ArcelorMittal has commenced large-scale production of Magnelis® steel at its galvanizing line No. 1 in Avilés, Spain. Magnelis® is a zinc-aluminum-magnesium coated steel with excellent corrosion resistance. The production at line No. 1 will double the volume of Magnelis® produced in Asturias, catering to the solar sector's demand and reducing delivery times and carbon emissions.

Article:
In a significant development, ArcelorMittal, the Luxembourg-based steelmaker, has announced that its Spanish subsidiary, ArcelorMittal Asturias, has initiated mass production of Magnelis® steel at its galvanizing line No. 1 in Avilés, Spain. This move solidifies the Spanish factory's position as one of the company's primary Magnelis® production facilities.

Magnelis® is a zinc-aluminum-magnesium coated steel (Zn-3.5%Al-3%Mg) that boasts exceptional corrosion resistance, ensuring long-lasting optimal surface protection and resistance to wear. The commencement of Magnelis® production at line No. 1 is set to double the volume of this innovative product manufactured in Asturias.

A notable advancement in the production process is the increase in the maximum thickness of the product produced at galvanizing line No. 1, which has been raised from 2 mm to 3.5 mm. This enhancement means that a substantial portion of the Magnelis® required by customers in the solar sector can now be supplied directly from Avilés.

The localized production of Magnelis® in Asturias is expected to yield several benefits. Firstly, it will significantly shorten delivery times, ensuring a more efficient supply chain for customers. Secondly, by reducing the need for long-distance transportation, the carbon emissions associated with the product's distribution will be considerably decreased, aligning with ArcelorMittal's commitment to environmental sustainability.

ArcelorMittal's galvanizing line No. 2 has been a key contributor to the company's Magnelis® production since 2017. To date, the line has cumulatively produced more than 500,000 metric tons of this advanced coated steel. The addition of line No. 1 to the Magnelis® production portfolio further strengthens ArcelorMittal's capacity to meet the growing demand for this product.

The decision to expand Magnelis® production in Asturias underscores ArcelorMittal's commitment to innovation and its dedication to serving the evolving needs of its customers. By investing in advanced manufacturing capabilities and optimizing its production processes, the company aims to maintain its position as a leader in the steel industry.

As the demand for high-performance, corrosion-resistant steel continues to grow, particularly in the solar sector, ArcelorMittal's Magnelis® is poised to play a crucial role in meeting this demand. The increased production capacity in Asturias, coupled with the product's superior properties, positions ArcelorMittal to capitalize on the expanding market opportunities and reinforce its position as a trusted supplier of advanced steel solutions.

Conclusion:
ArcelorMittal's commencement of large-scale Magnelis® steel production at its galvanizing line No. 1 in Avilés, Spain, marks a significant milestone for the company's Asturias subsidiary. By doubling the volume of Magnelis® produced in the region and increasing the maximum thickness of the product, ArcelorMittal is well-positioned to cater to the growing demand from the solar sector. The localized production not only streamlines the supply chain but also contributes to reducing carbon emissions associated with transportation. With its commitment to innovation and its ability to meet evolving customer needs, ArcelorMittal continues to solidify its position as a leading provider of advanced steel solutions in the global market.

Bron Steelguru (via email)

Take a break 22 maart 2024 09:21

1

Mooie berichten Voda!

In combinatie met weer wat hoger grondstoffenprijzen (https://tradingeconomics.com/commodity/iron-ore) zou het leuk zijn als we vandaag in de 25 kunnen eindigen!

voda 22 maart 2024 12:10

2

Mondiale staalproductie in de lift
22-mrt-2024 12:04

Na 2 maanden van daling.

(ABM FN-Dow Jones) De mondiale staalproductie is in februari gestegen, na maanden van krimp. Dit bleek vrijdag uit cijfers van brancheorganisatie World Steel Association.

In totaal vervaardigden de 71 staalproducerende landen vorige maand 148,8 miljoen ton staal, wat een stijging van 3,7 procent op jaarbasis betekende. De afgelopen twee maanden kromp de staalproductie nog.

In China, wereldwijd met afstand de grootste fabrikant van staal, steeg de productie in februari met 3,5 procent naar 81,2 miljoen ton.

In Duitsland steeg de productie met 4,4 procent, maar in de VS daalde de productie nog met 1,2 procent.

India produceerde daarentegen 11,4 procent meer staal. Japan boekte een stijging van 1,1 procent, terwijl in Rusland een productiedaling van 4,4 procent werd gerealiseerd.

In de Europese Unie was er een afname van 3,3 procent.

Door: ABM Financial News.

info@abmfn.nl

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