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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 ... 1194 1195 1196 1197 1198 1199 1200 1201 1202 1203 1204 ... 1755 1756 1757 1758 1759 » | Laatste

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voda 21 juli 2020 10:39

Danieli Corus Gas-Cleaning Systems Revamp at ArcelorMittal Kryvyi Rih

Image Source: Danieli Corus ArcelorMittal Kryvyi Rih

ArcelorMittal chose Danieli Corus to revamp the primary gas-conditioning systems for three 160-t converters at the Kryvyi Rih integrated steelmaking plant, in Ukraine. The systems are designed to collect and treat gases generated during steelmaking process and consist of a gas capture and cooling section followed by a gas cleaning section. All lower hoods and cooling stacks will be replaced, and movable skirts will be installed. BOF steelmaking produces large amounts of high-temperature of more than 950 degree centgrade gas, loaded with substantial amounts of dust 70–200 grams per cubc meter. This gas has to be cooled and cleaned before further processing can occur. Process equipment is installed above and alongside the converter mouth to enable energy recovery as well as collection and recycling of the dust produced.

In most systems the gas is cleaned in Venturi-type scrubbers, which have inherent disadvantages including limited efficiency, blockages and maintenance requirements.

The scrubbers at the ArcelorMittal Kryvyi Rih BOF Plant Block 1 will be upgraded to the Danieli Linz Technology and Danieli Corus consolidated BOF Gas Cleaning System, based on a more straightforward “Annular Gap” design.

Optimized water- and gas-flow patterns make the process more efficient and Annular Gap scrubbers have proven to be virtually maintenance-free. The operational expenditures (OpEx) also will be lower.

After completion, final dust-emission levels of the BOF Plant will be significantly reduced – while the system also will operate at lower cost.

Source : Strategic Research Institute

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voda 21 juli 2020 10:41

Mikhailovsky GOK Produces 3 Million Tonnes of Concentrate using Fine Screening Technology

Metalloinvest’s Mikhailovsky GOK has produced 3 million tonnes of fine screening technology concentrate. The advanced iron ore beneficiation technology using Derrick equipment was launched at the plant in September 2019. The new technology is implemented at four sections of Mikhailovsky GOK’s beneficiation plant. The produced concentrate, with increased iron content and reduced silicon dioxide content, is a raw material used in the production of pellets at the pelletising unit with varying quality characteristics according to customer needs.

Currently, Metalloinvest is building a separate concentrate beneficiation facility as part of the second stage of the fine screening technology implementation project at Mikhailovsky GOK. In 2022, the entire beneficiation division of the plant is expected to switch to the production of high-quality concentrate with an iron content of 68.8%-70%.

Improving concentrate and pellet quality will strengthen the competitive advantages of Mikhailovsky GOK's products and open up new sales markets. In addition, refractory quarry ores will be involved in the processing, which will allow for the responsible and comprehensive use of the deposit's reserves.

Source : Strategic Research Institute

voda 21 juli 2020 10:41

US Industry Coalition Releases Statement on PPE Policy

An industry coalition representing the full spectrum of domestic personal protective equipment production released a statement outlining policy principles and objectives needed for reshoring and safeguarding domestic PPE manufacturing. The COVID-19 pandemic, which exposed severe shortages in our nation’s PPE supply and an overreliance on foreign sourced products, underscores how important it is for the US government to incentivize, support and maintain domestic manufacturing capacity for PPE. Our association members, encompassing every segment of the U.S. textile, apparel and PPE supply chain, as well as unions representing workers, acted swiftly to convert manufacturing facilities and build supply chains virtually overnight to produce desperately needed PPE. The associations are calling on Congress and the Trump administration to adopt principles outlined in the statement through legislation, executive order and other appropriate means.

The statement was signed by the following organizations.
AFL-CIO
Alliance for American Manufacturing
American Iron and Steel Institute
American Sheep Institute
Coalition for a Prosperous America
Georgia Association of Manufacturers
Hand Tools Institute
INDA: Association of the Nonwoven Fabrics Industry
Narrow Fabrics Institute
National Cotton Council
National Council of Textile Organizations
Parachute Industry Association
Rhode Island Textile Innovation Network
SEAMS: Association of the U.S. Sewn Products Industry
SEIU
South Carolina Textile Council
US Industrial Fabrics Institute
United States Footwear Manufacturers Association
United Steelworkers
Warrior Protection and Readiness Coalition
Workers United/SEIU

Source : Strategic Research Institute

voda 21 juli 2020 10:42

Severstal Joins I2B Russia Innovation Consortium

Severstal has joined the Innovation-to-Business Russia consortium, which is currently headed by the largest French energy company Électricité de France. The members of the association will be able to exchange experience in working with open innovations, jointly develop initiatives, and also launch innovative enterprises.

The I2B Russia consortium, along with Severstal, includes such companies as Gazpromneft, S7, KAMAZ, X5, MTS, SUEK, Sibur, Alfa-Bank, Ilim Group, Michelin and Etalon Group. The consortium assumes equal cooperation, which will take place at several levels. In addition to exchanging best practices in the field of business innovation and discussing the relevance of a particular startup for the Russian market, participants will be able to develop joint products, launch pilot projects, and also invest in startups together.

Source : Strategic Research Institute

voda 21 juli 2020 10:42

ICRA Cuts Indian GDP Forecast to Minus 9.5% for 2020-21

ICRA Rating in its latest INDIAN ECONOMY: GDP OUTLOOKJULY said that “Indian economy had started to recover from the troughsexperienced in April 2020, when the lockdown was at its severest, and many sectors seemed to be adjusting to a new normal. However, the unabatedrise in Covid-19 infections in the unlock phase and localised re-imposition of lockdowns in several states, have interruptedthis recovery in recent weeks. Given the severity of the pandemic and the duration of the safety measures that need to be employed, we now expect a deeper pace of GDP contraction in Q2 FY2021relative to our earlier forecast. We also anticipatemore unevenness,as different regions move in and out of lockdowns, and persistinglabour supply mismatchesaffect supply chains and consumption patterns. Additionally, the timeline for a firmer recovery out of the contractionary phase is now being pushed ahead to at least Q4 FY2021 from Q3 FY2021. This presumes that a vaccine will be widely available by then, which now appears necessary for discretionary consumption to recover in certain sectors such as travel, hospitality and recreation. We have also tempered ourexpectations regarding the extent of fiscal support that may be forthcoming, given the revenue shock being experienced by various levels of governments. However,we remain optimistic regarding the outlook for agricultural growth and rural consumption. On balance, we have revised our forecast of the contraction in Indian GDP in FY2021 to 9.5% from 5.0%.

ICRA added “Our base case for Indian GDP had built in a YoY decline of 25.0% and 2.1%, respectively, in QI FY2021 and Q2 FY2021, followed by a mild growth of 2.1% and 5.0%, respectively, in the subsequent two quarters, resulting in a full-year contraction of 5.0% in the ongoing fiscal. Given the aforesaid concerns, we now expect a deeper contraction of 12.4% in Q2 FY2021, a mild contraction of 2.3% in Q3 FY2021 and an anaemic growth of 1.3% in Q4 FY2021, implying a full year contraction of 9.5%.”

Source : Strategic Research Institute

voda 22 juli 2020 14:42

Posco Reports Loss in Q2 Due to COVID19, First Time in 2 Decades

South Korean steel giant Posco has reported quarterly operating loss in the second quarter for the first time in two decades after the prolonged COVID-19 pandemic has dragged down both global steel demand and prices. Posco said that it swung to an operating loss of KWR 108.5 billion (USD 91 million) on a separate basis in the April-June period from an operating profit of KWR 458.1 billion won in the previous three months and KWR 724.3 billion won in the same period last year. It is the first operating loss for Posco since it started reporting its earnings to a regulatory filing in 2000.Sales on a separate basis reached KWR 5.88 trillion, down 16 percent on quarter and 21 percent on year, while net profit plunged 98 percent on quarter and 99 percent on year to 6.6 billion won.

Posco’s poor earnings in the second quarter were mainly due to a delayed recovery in steel demand as the coronavirus crisis has continued. The weak steel demand has weighed on steel prices, taking a toll on the company’s mainstay steel business. The soft steel demand led Posco’s crude steel production to shrink 1.27 million tonnes, related items production 870,000 tonnes, and sales volume 850,000 tonnes.

An official from Posco said that the company aims to improve profitability in the second half of this year by expanding sales of high value-added products such as giga steel and increasing exports to regions that have successfully contained the virus, such as China. Posco forecast demand for automotive steel products to increase 10 percent in the third quarter from the April-June period. It also expected overseas subsidiaries in China, Vietnam, Turkey, and Thailand to report improved earnings from the third quarter.

Source : STRATEGIC RESEARCH INSTITUTE

voda 22 juli 2020 14:43

Acerinox Certified by AENOR for Protocols against COVID19

Spanish stainless steelmaker Acerinox has become the first steel company to receive the Spanish Association for Standardisation and Certification’s AENOR certification for its protocols against COVID-19 after assessing various aspects relating to coronavirus risk management at the Acerinox Europa plant. This certification is an external guarantee of the effectiveness of the measures applied by the company and, at the same time, supports that these initiatives meet the guidelines set out by the Spanish Ministry of Health with regard to COVID-19 prevention and hygiene. Acerinox Europa established a plan of preventative measures, including distributing gels, gloves and masks, taking the temperature of every individual that accesses any of its centres, and guaranteeing the compliance of safe distances between individuals. Acerinox Europa has also performed solidarity-based activities to mitigate the impact of the pandemic on the region’s most disadvantaged.

The assessment performed by AENOR evaluates aspects such as risk management, occupational health management, the training, information and communications provided, organisational measures (capacity control, distances, screens, etc.), protection (use of personal protective equipment), and good cleaning and hygiene practices, among others.

Source : STRATEGIC RESEARCH INSTITUTE

voda 22 juli 2020 14:45

LIBERTY Magona Restarts Pickling Line & Organic Coated Line No1

GFG Alliance celebrated the restart of LIBERTY Magona’s Pickling Line and the completion of the restart work for the plant’s Organic Coated Line No1 in Italy. The EUR 10 million investments have led to a 40% increase in production capacity and a 20% increase in employment at the site with 81 young recruits joining the business. The EUR 5 million programs to restart the Pickling line, which can produce more than 800ktpa of prepared steel, was delivered on-time and on-budget and has broadened LIBERTY Magona’s product range and opened a new customer base. The LIBERTY Magona team is also in the process of restarting its Organic Coated line 1, which has been mothballed since 2009. The additional EUR 5 million investment in the OC1 line will almost double production of LIBERTY Magona’s highly rated, premium organic coated product, supporting domestic and export demand.

Taken together these investments will help ensure LIBERTY Magona is a leading supplier of coated steel products and restore the plant’s long-term profitability through enhanced cost efficiency, flexibility, stock and customer service levels.

Source : STRATEGIC RESEARCH INSTITUTE

voda 22 juli 2020 14:45

MMK Completes Reconstruction of Mill 2500

Russian steel maker Magnitogorsk Iron and Steel Works has put into operation hot-rolling mill 2500 in Sheet Rolling Shop No 4.The updated mill 2500 is equipped with the most modern means of automation, control and tracking of the rolling process. The reverse water supply cycle has been altered, and an additional water supply cycle has been built for furnaces and main units of the roughing and finishing groups. Some of the old production facilities were dismantled and new modern bays were built instead. The reconstruction of mill 2500 in Sheet Rolling Shop No 4 will enable the Company to expand the size and brand range of the mill, to produce new steel tube grades of strength class K52-K60, Magstrong S550MC, S600MC, S700MC, AGRO22, AGRO23, and to significantly improve the quality of its products and increase the unit’s production capacity 5.2 million tonnes of rolled metal per year.

The continuous thick sheet hot rolling mill 2500 was first launched in December 1960, and since then various sections of the mill have been reconstructed on several occasions. The large-scale reconstruction of existing facilities began in 2007. The general contractor for construction was the joint-stock company Prokatmontazh. The manufacturer of the main technological equipment for mill 2500 is the Novokramatorsky Machine-Building Plant of Ukraine. In February 2018, MMK also signed a contract with SMS group GmbH for the supply of equipment for the reconstruction of the finishing group of mill crates.

Source : STRATEGIC RESEARCH INSTITUTE,

voda 22 juli 2020 14:50

US DOC Starts AD & CVD Probe on Imports of Steel Welded Wire Mesh from Mexico

US Department of Commerce announced the initiation of new antidumping and countervailing duty investigations to determine whether imports of standard steel welded wire mesh from Mexico are being dumped in the United States, and to determine if producers are receiving unfair subsidies. In the AD investigation, Commerce will determine whether imports of standard steel welded wire mesh from Mexico are being dumped in the US market at less-than-fair value. The alleged dumping margins range from 64.07 to 152.68 percent. In the CVD investigation, Commerce will determine whether Mexican producers of standard steel welded wire mesh are receiving unfair government subsidies. Commerce will investigate 16 subsidy programs, including preferential lending, tax programs, tariff exemptions, grants, and regional subsidies. If Commerce makes affirmative findings in these investigations, and if the US International Trade Commission determines that dumped and/or unfairly subsidized imports of standard steel welded wire mesh from Mexico materially injure or threaten material injury to the US industry, Commerce will impose duties on those imports in the amount of dumping and/or unfair subsidization found to exist.

The petitions were filed by Insteel Wire Products Company (Mount Airy, N.C.), Mid-South Wire Company (Nashville, Tenn.), National Wire LLC (Conroe, Texas), Oklahoma Steel & Wire Co (Madill, Okla.), and Wire Mesh Corp. (Houston).

The 2019, imports of standard steel welded wire mesh from Mexico were valued at approximately USD 46.7 million.

Source : STRATEGIC RESEARCH INSTITUTE

voda 22 juli 2020 14:50

Italian Crude Steel Production in H1of 2020 Shrinks by 19% YoY

According to the latest data released by Federacciai, the Italian steel producers' association, Italian crude steel production fell by 7.9 percent year on year in June this year to 1.916 million tonnes,. However, crude steel output in June was higher compared to the months of March, April and May this year, as a result of the easing of the Covid-19 lockdown measures in May. In the first six months this year, Italian crude steel output amounted to 10.182 million tonnes, down 18.8 percent compared to the same period last year.

In June, the production of longs remained higher than that of flat products, amounting to 1.008 million tonne, down 10.0 percent year on year. The output of flats in June totaled 908,000 tonnes, decreasing by 20.4 percent year on year. In the first six months of the current year, the production of longs stood at 5.202 million tonnes, recording a drop of 20.5 percent year on year, while production of flats amounted to 4.945 million tonnes, down 22.1 percent year on year.

Federacciai represents more than 99% of the national production in Italy.

Source : STRATEGIC RESEARCH INSTITUTE

voda 22 juli 2020 14:51

EBRD Lends EUR 5 Million Working Capital Loan to Donalam Calarasi in Romania

The European Bank for Reconstruction and Development will provide a EUR 5 million working capital loan to Romanian steel mill Donalam Calarasi. This project was approved in the context of the Bank's response to the COVID-19 pandemic. To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of the Directive on Access to Information. The project consists of a working capital loan of up to EUR 5 million for a tenor of 2 years to finance the company's working capital needs. The objective of the financing is to fill liquidity gaps at borrower level from expected lower sales in the coming months due to Covid-19 impact, as well as address net working capital need caused by payables volatility following the company's business cycleand higher spikes in cash needs linked to the current context.

In May, Donalam Calarasi announced that it has completed a 4 million euro investment in special equipment for steel bars treatment in order to manufacture steel products with increased added-value and focus on customised orders. The investment was financed by the company’s own cash flow.

Donalam was set up in 2006, after Italian group Beltrame bought the Siderca hot rolling mill in Calarasi. Donalam employs 270 and posted a turnover of 78 million euro in 2019, as its sales amounted to 106,000 tonnes.

Source : STRATEGIC RESEARCH INSTITUTE

voda 22 juli 2020 14:52

Flood Shuts NLMK Nizhniye Sergi Rolling Mill in Ural

Russian steelmaker Novolipetsk Steel announced the suspension of production at its Ural-based subsidiary in Nizhniye Sergi. On July 20 at about 8 pm production at NLMK’s rolling mill in Nizhniye Sergi was suspended due to flooding caused by heavy rainfall. NLMK said “Electricity and gas supplies to the mill were promptly disabled, the equipment was shut down, staff evacuated, nobody was injured. However, it is too early to schedule the date of the relaunch of production.”

NLMK’s rolling mill in Nizhniye Sergi is capable of producing 1 million tonnes of longs products per year.

Source : STRATEGIC RESEARCH INSTITUTE

voda 22 juli 2020 14:54

Danieli Achievs Quick EAF Revamping at Ferriere Nord Plant of Pittni Group

Danieli Service conducted the revamping of the EAF in operation at Ferriere Nord, part of Pittini Group, in Osoppo in Italy. The revamping consisted of a tailor made supply of two sets of shells and water cooled roofs. The new shells, supplied in a larger diameter of 7.1 meter, will allow the use of two-buckets charging process, resulting in reduced power-off time and emissions. Excellent chemical packages already in operation were maintained. This new implementation was put on stream 11 months from the order, on-time and performing at full power right from the beginning.

Thanks to the skill of Ferriere Nord personnel and the excellent melting practices developed by Ferriere Nord meltshop team, the furnace, previously supplied by Danieli in 2013, has been recognized as one of the benchmark EAFs in the world for many years now.

Source : STRATEGIC RESEARCH INSTITUTE

voda 22 juli 2020 14:55

CMC acquires substantially all the Assets of GalvaBar

Commercial Metals Company announced that its wholly owned subsidiary CMC Steel Oklahoma LLC has acquired substantially all of the assets of AZZ's Continuous Galvanized Rebar business which, through a proprietary process, produces GalvaBar. GalvaBar is galvanized rebar with a zinc alloy coating that provides both superior corrosion protection and exceptional post-fabrication formability.

GalvaBar operates out of a dedicated facility in Tulsa in Oklahoma, and its products are sold throughout the United States and the Caribbean.

Source : STRATEGIC RESEARCH INSTITUTE

voda 22 juli 2020 16:18

Primetals Technologies Receives FAC for Plate Mill Automation Systems from Minmetals Yingkou Medium Plate Co

PlatePrimetals Technologies has received the final acceptance certificate for the 3800mm PM automation systems and services from Minmetals Yingkou Medium Plate Co Ltd. For the 3800 mm PM project Minmetals Yingkou installed a two-stand thick plate mill, which can produce 1.5 million tonnes per year of steel plates with the thicknesses of 6 to 100 mm and widths between 1,400 mm and 3,600 mm. The whole line consists of a reheating furnace, a roughing mill, a finishing mill, a pre-leveler, a plate-cooling system, a hot leveler, a cooling bed, a crop shear, a double side shear, a dividing shear, grinding stands, a cold leveler, and product collecting tables. Its automation systems were engineered and commissioned by Primetals Technologies.

Primetals Technologies was responsible for the engineering, supply and commissioning of the L1 and L2 automation systems. The scope of supply also included the related electrical and automation equipment. Primetals Technologies provided the advanced AGC technology, and roll bending and shifting for profile control. The application of the process models and automation systems from Primetals Technologies makes the line the 3800mm PM with the largest design capacity and state of the art automation in China. In addition, Primetals Technologies handled the supervision of the installation and the staff training.

The on-site supervision for the installation of the automation systems was started on July 01, 2019. On October 30, 2019, the slabs, after descaled with high-pressure water, were rolled in the 4-high roughing mill and 4-high finishing, and then straightened in the hot leveler and finally transferred to the cooling bed. The hot commissioning was successful from the first run. Despite the influence of the epidemic in the critical phase of the hot commissioning, Primetals Technologies worked closely with the customer and put into operation the Smart Crown system and produced the plates with thicknesses of 6 mm and 7 mm successfully by implementing creatively the remote service for L2 system. With the joint efforts of both parties for the schedule optimization the line reaches up to 140,000 tonnes of monthly production within half a year after the successful start-up.

Source : STRATEGIC RESEARCH INSTITUTE

voda 22 juli 2020 16:18

SSAB Q2 Earnings Impacted Negatively by Lower Demand

SSAB’s operating result for the second quarter of 2020 was SEK -251 million, down SEK 1,567 million compared with the second quarter of 2019. The steel markets were affected by lower economic activity following the outbreak of Covid-19. Compared with the first quarter of 2020, which was largely unaffected by Covid-19, earnings contracted by SEK 594 million. SSAB Special Steels’ operating profit was SEK 485 (544) million, lower volumes compared with the second quarter of 2019 had a negative impact. Demand for the special steels business was better than for standard steels and Special Steels’ operating margin amounted to 12% (11%) during the quarter. Compared with the first quarter of 2020, earnings were up SEK 27 million, partly related to cost savings and a good production rate.

The European steel market was characterized by low demand and SSAB Europe’s shipments decreased to 695 (909) thousand tonnes. Lower volumes and the impacts of reduced production pushed earnings down to SEK -566 (66) million.

SSAB Americas’ operating result for the second quarter decreased to SEK -10 (872) million and shipments decreased to 460 (475) thousand tonnes, impacted by weak demand. The second quarter of 2019 was characterized by favorable market conditions with high heavy plate prices.

Lower production levels continue and the blast furnace idled in Raahe in mid-April is planned to remain idled during the most of the third quarter. Due to the uncertain market conditions, our planned maintenance outages were brought forward to July and August from the fourth quarter. The outlook is uncertain but there are some signals in several of our customer segments indicating that demand could start to improve towards the end of third quarter.

SSAB continues to focus on developing the special steels business, as well as being the first to market with fossil-free steel in 2026. Already during the third quarter 2020, HYBRIT’s world unique pilot plant for fossil free steel will start operating in Lulea, Sweden.

Source : STRATEGIC RESEARCH INSTITUTE

voda 23 juli 2020 14:34

EVRAZ NTMK Relaunches Blast Furnace 6

Nizhniy Tagil has completed the overhaul of Blast Furnace 6. The project has taken USD 176 million in investments and 16 months to complete. The volume of the furnace is 2,200 cubic meters, its scheduled annual production capacity of 2.5 million tonnes of pig iron. Blast Furnace 6 has two casting yards, featuring closed type main and transportation chutes, automated top and bottom charging systems, shaftless air heaters, and aspiration units that contain more than 34,500 filters. The total capacity of the aspiration systems servicing the casting yard and stock-conveying system is 3.1 million cubic meter per hour. During the overhaul, Blast Furnace 6 was fitted out with modern gas treatment stations; the project, along with EVRAZ’s other environmental initiatives, was listed as part of the federal project Clean Air within the national project Environment. An expert system is used at Blast Furnace 6 to analyse and adjust the manufacturing processes. Using over 12,000 parameters, it can select the optimal conditions and manage the melting process in an automated mode.

Together with Blast Furnace 7 launched in April 2018, they form the most up-to-date and environment-friendly steel-making facility in Russia. With two cutting-edge blast furnaces in place, EVRAZ can expect a reduction of costs thanks to decreasing the frequency and duration of interim overhauls and lower coking coal consumption.

Blast Furnace 5 reached the end of its useful life and was idled, decision on its further use pending.

Source : STRATEGIC RESEARCH INSTITUTE

voda 23 juli 2020 14:35

US Steel to Restart Gary Works BF6 in August

US Steel announced that it will restart the No 8 blast furnace at its Gary Works in Indiana, which has a rated capacity of 1.07 million short tons per year, on August 1 to meet increased demand from contracted business. US Steel said "As a major supplier of steel for the auto industry, Gary Works is restoring this capacity to satisfy the very strong demand we are seeing from key contract customers with the reemergence of the auto industry. This action also supports the continued demand we are experiencing from appliances, packaging and construction."

The No 8 BF was temporarily idled in mid-March amid lower demand resulting from the coronavirus pandemic and related automotive production stoppages.

In late June, US Steel announced the restart of the No. 6 BF at Gary, citing increased customer demand. No 6, which was temporarily idled in late April, has an annual rated capacity of 1.23 million short tons per year

The Gary Works, US Steel's largest mill, has four blast furnaces and produces sheet, strip mill and tin products. The No 14 BF, which has an annual rated capacity of 2.54 million short tons per year has continued to operate, while the No 4 furnace, which has a rated capacity of 1.36 million short tons per year, was idled in March.

Source : STRATEGIC RESEARCH INSTITUTE

voda 23 juli 2020 14:36

EWE, Subsidiary swb & ArcelorMittal Cooperate on Green Steelmaking in Bremen

EWE and its subsidiary swb, as well as steel manufacturer ArcelorMittal, signed a letter of intent to cooperate. The agreement focuses on green hydrogen production in Bremen. At the power plant site in Mittelbüren, an electrolysis plant with an output of up to 24 megawatts is to be built in the first step, which will supply the ArcelorMittal steelworks with green hydrogen. The project not only pays for the National Hydrogen Strategy adopted in June, which aims to make green hydrogen marketable. The project called "HyBit - Hydrogen for Bremen's industrial transformation" also follows the European hydrogen strategy presented by the European Commission last week. This primarily focuses on the decarbonization of large industries.

ArcelorMittal is aiming for CO2 neutral steel production in Europe by 2050. By 2030, emissions are to be reduced by 30 percent. The achievement of these goals is based on the use of new technologies. The use of green hydrogen plays an important role in the Group's strategy; it contributes to reducing the use of carbon in the pig iron production process.

Source : STRATEGIC RESEARCH INSTITUTE

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