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Arcelor Mittal « Terug naar discussie overzicht

Nieuws en info hier plaatsen (deel 4)

35.173 Posts, Pagina: « 1 2 3 4 5 6 ... 1188 1189 1190 1191 1192 1193 1194 1195 1196 1197 1198 ... 1755 1756 1757 1758 1759 » | Laatste

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voda 7 juli 2020 11:28

ArcelorMittal Belgium Launches Call for Applications for Heat Grid

ArcelorMittal Belgium, in collaboration with the Province of East Flanders, the Provincial Development Agency of East Flanders, Sint-Jan-Baptist Zelzate and the municipality of Zelzate, is looking for a partner for the development of a residential heat grid. The heat grid that ArcelorMittal wishes to develop will supply residual heat from the production site in Ghent to various internal consumers on the steel production site itself as well as to potential heat demanders in the municipality of Zelzate. In a first phase of the project, research will be carried out to establish a heat grid in the direction of Sint-Jan-Baptist Zelzate. In a second phase, an extension to Zelzate will be examined, as well as a further expansion on the ArcelorMittal site and other opportunities.

A heat grid consists of a network of pipes connected to a source of residual heat. Hospitals, sports infrastructure, schools and even entire neighbourhoods may be connected to a heat grid for heating and hot water.

Source : Strategic Research Institute

voda 7 juli 2020 11:29

GMS Market Commentary on Shipbreaking in Week 27

Subcontinent markets finally started to display some encouraging signs this week, as positive movements on prices were reported across the board. As is generally the case, this has quickly coincided with some increasingly speculative Cash Buyer offerings / purchases reportedly taking place as Buyers look to book deals at today’s levels with the prospects of a higher forward market over the coming week(s) / month(s), going into the traditionally higher fourth quarter of the year. In truth, as prices slumped below the USD 300/LDT mark (almost USD 150/LDT from the peaks seen earlier this year), many in the industry were feeling that this was an overly dramatic correction in response to the collapsing global sentiments due to the restrictions set in place to tackle the global Coronavirus outbreak.

Of course, currencies and steel plate prices saw some alarming depreciations with virtually all shipping markets seemingly paralyzed in the wake of the pandemic, but the expectation was that this would always be a temporary / short correction as global markets and economies would be back to routine business post lockdown re-opening.

Yet, Covid-19 cases continue to rise across the subcontinent (especially in India) and certain provinces may have to go under a repeat lockdown, in order to try and once again curb the spread, even though industries are expected to remain open, so desperate were the effects of the initial quarantine closure period.

Lastly, Turkey recorded yet another minor decline this week as local steel prices further tumbled, though the Lira remained steady keeping ship prices relatively stable.

Overall, the supply of vessels continues to consist primarily of container units as the dry bulk market continues to perform well and tankers (although having slipped dramatically of late) also continue to make decent money for their respective Owners.

Source : Strategic Research Institute

Tuut 7 juli 2020 11:29

www.biospace.com/article/regeneron-la...

voda 7 juli 2020 11:29

MMK integrates Lysvensky Metallurgical Plant into its Oracle ERP CIS

MMK Group has successfully completed the next stage of a large-scale project to transfer the Group's key organisations to a unified corporate information system based on Oracle E-Business Suite. On July 1, 2020, MMK together with Oracle put MMK-Lysvensky Metallurgical Plant into commercial operation on the system. Thus, MMK is gradually implementing a programme which modernises and expands its corporate system and will solve the task of integrating all information flows of MMK Group divisions.

As in other organisations of the Group involved in the project, MMK-LMP now has access to objective and timely data on production, the financial activities of the Company and the complete technological chain within a single information system. During the project, all business processes were digitalised, including those that were previously conducted outside the IT system or in separate IT systems.

Oracle ERP is the core of the entire MMK Group’s corporate information system, as well as a source of the world's best business practices. For users, it provides unified standards of corporate governance in the Group and traceability of information, from inputting primary documents to tracking the impact of financial results.

Source : Strategic Research Institute

voda 7 juli 2020 12:02

Air Products & thyssenkrupp to Generate Green Hydrogen

Air Products and thyssenkrupp Uhde Chlorine Engineers announced the signing of a Strategic Cooperation Agreement. The two companies will collaborate exclusively in key regions, using their complementary technology, engineering and project execution strengths to develop projects supplying green hydrogen. thyssenkrupp will deliver its technology and supply specific engineering, equipment and technical services for water electrolysis plants to be built, owned and operated by Air Products. The collaboration leverages thyssenkrupp’s technology supporting Air Products’ development of green hydrogen as an energy carrier for sustainable transportation, chemicals and power generation.

thyssenkrupp has developed high-efficiency alkaline water electrolysis technology. With more than 600 projects and electrochemical plants worldwide with a total rating of over 10 gigawatts realized, thyssenkrupp has extensive in-depth knowledge in the engineering, procurement, and construction of these plants.

Matching the need for low-CAPEX, low-OPEX, reliable technology and solid project execution to make world-scale green hydrogen projects feasible, Air Products and thyssenkrupp are committed to deploying economic green hydrogen plants in the gigawatt size.

Source : Strategic Research Institute

voda 7 juli 2020 12:03

Metinvest to Cooperate with BSTDB

Metinvest announced that the Group is in the final stage of negotiations with the Black Sea Trade and Development Bank regarding a seven-year credit facility of EUR62 million, which the BSTDB board of directors has approved. Metinvest is to use the funds to implement its investment programme and replenish its working capital. The final terms and conditions are subject to documentation.

BSTDB is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, and Ukraine. It supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. It has authorised capital of EUR3.45 billion and long-term credit ratings of ‘A-’ from S&P and ‘A2’ from Moody’s.

Source : Strategic Research Institute

voda 7 juli 2020 12:03

Sargent Metal Fabricators Announces Expansion

Sargent Metal Fabricators Inc has announced plans for a USD 9.5 million expansions of its operations in Anderson in SC. Scheduled for completion in the first half of 2022, the project is expected to create 50 jobs in the next five years. The additional 80,000 square feet will allow the company to add a fiber laser cutting and material handling system, as well as assembly areas and 1,200-feet. automated powder coating system.

Sargent Metal is a provider of precision metal fabrication, welding, powder coating, and assembly services.

Source : Strategic Research Institute

voda 8 juli 2020 12:21

South Africa Prohibits Scrap Metal Exports

South Africa's government has banned all exports of ferrous and non-ferrous scrap metal for two months from 3rd July in order to safeguard domestic supply while it considers measures to support the domestic industry. Scrap metal shipments that already received export permits or that applied for permits prior to 3 July will be allowed to go forward. The ministry also will issue permits for scrap metal that it determines is not being used by South Africa's domestic processing industry. The move was made in response to appeals from South African scrap consumers that there is a shortage of affordable scrap metal in the country, despite existing measures to give priority to domestic buyers.

Current guidelines established in 2013 created a system under which scrap metal cannot be exported from South Africa unless it has first been offered to domestic buyers at a discount to international benchmark prices. But South African industry has increasingly lobbied that this price preference system is not functioning adequately to keep scrap inside the country at prices affordable for local buyers.

Source : Strategic Research Institute

voda 8 juli 2020 12:22

ArcelorMittal and Nippon Steel win ‘Deal of the Year’ for Acquisition of Essar Steel

ArcelorMittal and Nippon Steel's joint venture, AM/NS India, won the Deal of the Year Award from the S&P Platts 2020 Global Metals Awards for completing the USD 5.7 billion acquisition of Essar Steel India Limited last year, a fully integrated steel producer in India that entered insolvency in 2017. AM/NS India's acquisition of Essar Steel India stood out for the Deal of the Year award as it was the largest private-sector transaction to close in India during 2019, and the second-largest steel transaction globally that year. ArcelorMittal and Nippon Steel faced intense competition from other interested parties in Essar, as well as a multiplicity of legal challenges in India, even at the Supreme Court. Confident of the strong strategic rationale for the transaction and the potential for the partners to turn around Essar Steel, AM/NS India remained committed and resolute throughout the 865-day long process, emerging as the winner of an auction with all legal obstacles resolved.

The acquisition provides both ArcelorMittal and Nippon Steel a sizeable entry into the high-growth Indian steel market, where steel consumption is expected to grow on average around 6% annually over the next 10-15 years. Neither joint venture partner had any production capability in India before the acquisition.

The Deal of the Year award recognises the challenges, financial results, leadership, scope and strategic vision of asset buyouts, joint ventures, strategic company alliances or full company mergers or acquisitions, as well as strategic spin-offs that strengthened organisations. The awards program, hosted by S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets, saw 96 finalists from 23 countries vie for recognition in 15 categories.

Source : Strategic Research Institute

voda 8 juli 2020 12:22

Severstal Ships 100KT of Iron Ore Pellets to CSN

Karelsky Okatysh, a division of PAO Severstal and Russia’s leading iron ore mining and processing plant, has delivered iron ore pellets to Brazil for the first time in its history. The shipment of more than 100,000 tonnes is for Brazil’s largest fully integrated steel producer Companhia Siderurgica Nacional.

Before reaching CSN, the pellets have a long way to travel. From Kostomuksha, products are dispatched to the Finnish port of Kokkola, and from there to the port of Sepetiba for unloading in Rio de Janeiro. Previously, the furthest export destinations for Karelian pellets had been the UAE and Trinidad and Tobago.

Source : Strategic Research Institute

voda 8 juli 2020 12:23

Yongfeng Orders 2 Eight-Strand Billet Casters from SMS Concast

Following the recent order for two five-strand billet casters to be installed at its Dezhou location, Shandong Iron and Steel Group Yongfeng Lingang Co Ltd has again chosen SMS Concast, a company of SMS group, as supplier of high-speed billet casting technology. The now ordered casters will be installed in the new Yongfeng Lingang Co Ltd facility in Linyi City in China. SMS Concast will supply the two eight-strand billet casters for the newly built basic oxygen furnace steelmaking plant in Linyi City in the Shandong Province. The two casters will have a combined production capacity of approximately 2.6 million tons per year of steel bars. Both casters will have a radius of 10.25 meters. While the first one will produce on eight strands right from the beginning, the second one will initially be equipped with seven strands, but prepared for the addition of an eighth strand in the future. Both machines will cast billets of 165 millimeters square.

Starting with a range of low-carbon and cold-heading steels, it is planned to expand the production range to also include Special Bar Quality grades, such as spring and bearing steels, in the future. For this extension of steel grades cast, the casting machines will be prepared for the retrofitting of electromagnetic mold stirrers CONSTIR-MEMS, powder feeding systems and submerged casting technology.

The casters for this innovative project will include high-speed casting molds featuring INVEX technology and compact oscillation mechanisms with CONDRIVE direct drives, which enable the oscillation stroke and frequency to be adjusted electrically even at very high casting speeds. Secondary water cooling and the five-roller withdrawal and straightening units (WSU) will be designed to handle these high casting speeds. The equipment will be controlled via SMS Automation Level 1 and Level 2 systems.

Yongfeng Lingang Co., Ltd. selected INVEX mold tubes in order to reach very high casting speeds and billet temperatures of above 950 degrees Celsius at the discharge. These high temperatures will enable direct rolling without the need for any billet temperature conditioning and equalizing before rolling.

Source : Strategic Research Institute

Bijlage:

voda 8 juli 2020 12:24

Air Liquide Signs Long-Term Supply Pact Steel Dynamics

Air Liquide has signed a long-term agreement with Steel Dynamics Inc, one of the largest steel producers and metals recyclers in the United States, to supply gaseous oxygen, nitrogen, and argon to SDI’s new Electric Arc Furnace steel mill in Sinton, Texas. To support the new agreement, Air Liquide plans to invest over 100 million US dollars to install an Air Separation Unit on its Gulf Coast pipeline network in Ingleside, Texas, and extend its pipeline network to SDI’s site.

The state-of-the art, energy efficient ASU will have the capacity to produce over 770 tons per day of oxygen, as well as nitrogen and argon to supply SDI's planned 3 million tons per year steel mill starting up in 2021. Air Liquide will also add 45 kilometers of pipeline connecting SDI to its proprietary Gulf Coast Pipeline System, strengthening Air Liquide’s position in the US Gulf Coast region and in the growing industrial basin of Corpus Christi where it has been present since the mid-1930’s.

Source : Strategic Research Institute

voda 8 juli 2020 12:25

ArcelorMittal Adopts DNV GL’s VeChain based My Care for UK Office

ArcelorMittal has adopted DNV GL’s VeChain-based My Care application is to be used in ArcelorMittal’s UK Mayfair office to help the company manage its infectious risk. DNV GL says ArcelorMittal’s UK Mayfair office has successfully achieved a positive readiness assessment against My Care methodology.

Mid-June 2020, DNV GL announced the launch of My Care, a hospital-standard VeChain-based infection risk management app to help companies worldwide mitigate, manage, and access COVID-19 risk. The idea by DNV GL is based on VeChain’s blockchain technology. The idea is to be majorly supported by the VeChain ToolChainTM BaaS Platform.

Managing infection risk during the COVID-19 pandemic requires a new approach to disease control and prevention. My Care is DNV GL’s infection risk management approach that has been developed to assess, manage and mitigate infection risk in management systems, business processes and operations. My Care incorporates local regulations and guidelines.

Source : Strategic Research Institute

voda 8 juli 2020 12:25

ABS Performs Steel Certifcaton at AMNS India by Remote Survey

A pioneering remote survey for steel certification at a steel mill by ABS has enabled work on two self-elevating drilling units at Lamprell Energy Ltd, UAE to continue despite COVID-19 restrictions. Lamprell ordered 8855 tonnes of steel for two SEDUs from Arcelor Mittal Nippon Steel Mill in Gujarat but travel restrictions caused by COVID-19 mitigation measures made it impossible for ABS to certify the steel at the mill in person, potentially delaying the project. ABS proposed a remote survey option, with ABS surveyors in Mumbai certifying the steel with data provided by the mill, and production continuing of the SEDUs continuing on schedule.

ABS has significantly expanded its remote survey capability and is now able to conduct almost all classification annual surveys remotely on eligible vessels and has made its remote survey and audit services available to equipment and materials manufacturing clients all over the globe.

Source : Strategic Research Institute

voda 8 juli 2020 12:26

Gulf Council Considering Safeguard Measures on Steel Imports

The Gulf Co-operation Council Technical Secretariat of Anti-Dumping will hold a public hearing on imposing safeguards on imports of a variety of steel products on 21 July. The TSAIP released a document calling on participation in the public hearing process to members of the steel industry across the GCC region. A form must be submitted at least seven working days before the hearing, which will be held virtually to comply with Covid-19 restrictions.

The investigation was opened in October last year and includes flat products, long products, angles and pipes. Since then, the steel industry in the GCC region has faltered amid a drop in oil prices and coronavirus concerns. Public budgets have been slashed and infrastructure spending on public and private projects has stalled.

Source : Strategic Research Institute

voda 8 juli 2020 12:28

Winners of S&P Platts 2020 Global Metals Awards

Metals Company of the Year - Hydro

CEO of the Year - Barbara R. Smith, Commercial Metals Company

Lifetime Achievement Award - Rannveig Rist, Rio Tinto Iceland

Deal of the Year - ArcelorMittal & Nippon Steel, Joint venture

Corporate Social Responsibility Award - JSW Steel

Aluminium Industry Leadership Award - Hydro

Precious Metals Industry Leadership Award - Digix Global

Raw Materials & Mining Industry Leadership Award - Roy Hill

Scrap & Recycling Industry Leadership Award - ICD Alloys & Metals

Steel Industry Leadership Award - POSCO

Financial Metals Service Provider of the Year - BMO Harris Bank NA

Physical Metals Service Provider of the Year - Leeco Steel

Rising Star Company Award - Open Mineral

Rising Star Individual Award - Jay Hambro, GFG Alliance

Breakthrough Solution of the Year - Hydro

Source : Strategic Research Institute

voda 9 juli 2020 15:15

Launch of EU Hydrogen Strategy Paves Way for Green Steel

The European Commission has today launched its Hydrogen strategy for a climate-neutral Europe, which sets out a plan to establish an integrated hydrogen energy network in Europe by 2050. As a major potential user of clean hydrogen, the European steel industry has welcomed the launch of the strategy. European Steel Association EUROFER Director General Axel Eggert said “Clean energy at competitive prices is key to achieving the steel industry’s low-carbon goals. The transition to carbon-lean steelmaking will require 400 terawatt hours of CO2-free electricity per year. Of this, nearly 250 terawatt hours is needed for the production of 5.5 million tonnes of hydrogen, which would be used in new processes to make ‘green’ steel. With this, around 5% of the EU’s total CO2 emissions could be avoided. The benefits to society from the availability of hydrogen and green industrial products, such as green steel, are huge – so Europe needs to strive to make the energy transition as quickly and comprehensively as possible.”

Mr Eggert added “The hydrogen strategy is an important supporting part of the EU’s Green Deal agenda. It must, however, form part of a wider strategy, encompassing not only the wider energy policy of the Union, but also the support for industries that use this energy so that they stay globally competitive during and beyond the transition. It must also encompass technology neutrality for the production of clean hydrogen, as well as the utilisation of CO2 to produce carbon feedstock needed in sectors such as the chemicals industry”.

The phased approach of the hydrogen strategy sets out a roadmap for the roll-out of hydrogen infrastructure on a progressively larger scale. This will build a hydrogen economy that will bolster Europe’s climate leadership and help European industry lead the way to carbon-neutrality.

Steel produced using new hydrogen and clean-energy based methods will be 80-95% less CO2-intensive by 2050 than they are today, but will also cost significantly more to produce. However, the environmental benefits are large. Using hydrogen in steel plants will create notable regional synergies. Other industrial sectors, SMEs and municipalities could connect to the hydrogen network born out of the large-scale demand created in the steel industry, fostering new opportunities and jobs.

Source : Strategic Research Institute

voda 9 juli 2020 15:16

12 Workers Injured in Molten Steel Spill at Indian Ispat Company in Raipur

Local media reported that 12 employees were injured in an accident at Indian Ispat Company in Ravabhata area in Raipur district of Chhattisgarh. Injured employee has informed the police that during work on Tuesday morning, crane operator Krishna Rai was going to put the ladle filled with molten iron from the furnace to the CCM through the crane. During this, he drove the crane carelessly, which broke the rope and the ladle fell to the ground. This caused a huge explosion there and as the ladle fell into the ground, molten iron spread around causing burn injuries to workers who were present in the vicinity. All the injured workers are admitted to a hospital

Police has registered an FIR against the crane operator and the factory owner under Indian Penal Code Sections 287 (negligent conduct with respect to machinery), 337 (causing hurt by act endangering life or personal safety of others) and 34 (common intention). No arrest has been made so far.

Source : Strategic Research Institute

voda 9 juli 2020 15:16

NINL Employees Not Paid Salary Since March - Report

The Pioneer reported that while produced materials worth about INR 200 crore are lying in the premises of PSU Neelachal Ispat Nigam Limited, its employees are not getting salary during the worst period of Corona lockdown since March on the grounds of funds crunch. The NINL, which has its integrated steel plant in Kalinganagar of Jajpur is in a dire straits as its main shareholder Mineral and Material Trading Corporation is not coming to its rescue.

The NINL has capacity to produce 1.1 Million tonne steel per annum. So far share break-up is considered, the MMTC, which has 49.78 per cent share, the Nation Mineral Development Corporation has 10.1 percent share. The Odisha Government undertakings such as Odisha Mining Corporation has 20.47 percent share whereas IPICOL has 12 per cent. Other houses like BHEL, MECON have 7.65 per cent share in the PSU.

Source : Strategic Research Institute

voda 9 juli 2020 15:17

AP High Grade Steels Invites EoI for Kadapa Steel Plant

Business Line reported that AP High Grade Steels Limited, a special purpose vehicle formed to set up a steel plant in YSR Kadapa district of Andhra Pradesh, has invited global players for partnership in a proposed greenfield steel plant project. SPV is now seeking potential partners, collaborators interested in developing the steel plant by taking part in its equity, bringing in technology, operating the project, and marketing

The government has proposed setting up an integrated steel plant with capacity of about three million tonnes per annum. The State has earmarked about 3,500 acres of land, assured uninterrupted power supply, supply of 2 TMC of water and creation of various necessary infrastructure needed for the proposed project.

The State Government had also held parleys with the State-owned iron ore mining company NMDC for supply of iron ore for the steel plant.

Source : Strategic Research Institute

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