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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 ... 1250 1251 1252 1253 1254 1255 1256 1257 1258 1259 1260 ... 1755 1756 1757 1758 1759 » | Laatste

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voda 14 januari 2021 12:15

Mr Gupta Terms Steel as Litmus Test for Green Revolution in UK

GFG Alliance Executive Chairman Mr Sanjeev Gupta by saying that steel and aluminium are the building blocks of British economy and decarbonisation of steel can enrich both economy and environment, sustaining jobs and bringing down emissions urged that UK Government that “The Committee on Climate Change is right, we need to move further and faster. We now need an equally ambitious policy framework, alongside an ambitious industry. If the Government wants to lead the green industrial revolution, then steel is its litmus test.”

Mr Gupta wrote an article in City AM “Steel is responsible for nearly ten per cent of all direct emissions from fossil fuels and emits over three times as much carbon as the aviation industry. Put simply, if we don’t change the steel industry, we will fail to meet our carbon targets. That’s why I came out strongly in support of the UK’s Climate Change Committee last month when it urged the Government to target near zero emissions for steelmaking by 2035. Successive governments have seen steel as a problem to manage, rather than an opportunity. Industry is also to blame. It has lacked vision or sustained investment over many decades. But now, through decarbonisation, we have a chance to reinvent the sector and make it both economically successful and environmentally sustainable. Green manufacturing could add up to GBP 20 billion to UK GDP. But seizing the opportunity will require real mettle.”

Mr Gupta added “The UK has all the ingredients needed to make this change; a plentiful supply of scrap which can be recycled into fresh steel with just one third of the emissions of conventional production; a growing renewable energy supply that could make carbon free production viable; a skilled workforce; and consistent demand. So why is the industry not there yet? First, the UK steel industry has become fragmented – it lacks the consolidated mass needed to drive change. Second, there is a lack of industry collaboration to develop new technologies such as hydrogen steel making. Third, and perhaps most importantly, the UK needs a much stronger policy framework and incentives regime to drive decarbonisation and reward ambition.”

Specifically

Brexit presents the opportunity for a reformed UK carbon trading scheme that rewards low carbon steel producers and incentivises investment in low carbon technology such as electric arc furnaces

Consistent with this approach, government should remove the policy anomaly which subsidises coal use in steel production. We must accept that old-fashioned blast furnaces can’t be the basis of the industry long term and embrace green steel

An export tariff on steel scrap should also be introduced to encourage domestic recycling. If we stop exporting scrap and instead recycle it, we can meet nearly all of the UK’s demand for steel with domestic resources.

Source - Strategic Research Institute

voda 14 januari 2021 12:16

NGT to Hear SAIL RSP CO Gas Leak Accident Case on February 11

Express News Service reported that National Green Tribunal Delhi, taking suo motu cognisance of the incident, has set February 11 date for hearing the carbon monoxide leak accident at the Coal Chemical Department at Steel Authority of India Limited’s Rourkela Steel Plant on January 6 killing four contract labourers. The workers were on maintenance job at Site A of the CCD when the CO gas trapped in the pipeline rushed out while they were opening the flange bolts, leading to their asphyxiation.

Meanwhile, a four member team of SAIL led by executive director of Bokaro Steel Plant Mr Atanu Bhowmik and three CGM ranked officers have completed its probe on January 11. The team would submit its report to SAIL. Separately, a three member internal inquiry committee of RSP too has completed its probe but the findings are yet to be disclosed.

Amid growing demand for arrest of officers responsible for the mishap, Tangarpali police is waiting for the inquiry report of the Directorate of Factories and Boilers for further action.

Source - Strategic Research Institute

voda 14 januari 2021 12:16

SMS Group to Supply Medium Section Mill to Duferco in Italy

SMS Group announced that Northern Italy’s Lombardy region’s Brescia city based Duferco Steel has placed an order with SMS group for a new medium section rolling mill. This flagship project at Duferco steel division in San Zeno Naviglio will focus on core components of digitalization and automation in production and logistics, and on sustainability. This new, ultra modern rolling mill to be installed in Italy will make Duferco one of the most important centers of steal beam production in Europe. With the new mill Duferco will be able to reach a yearly output of 1.5 million tonnes of long products. The project is scheduled to be implemented during a period of only two years, with commissioning planned for the end of 2022. Duferco Steel had announced this pact earlier on December 1 2020 and said “The total investment, facility and infrastructure included, will amount to 180 million Euro and, when fully operating, will create 150 job positions, not including those related to ancillary industries.”

SMS is going to supply the complete new medium section mill, including electrics and automation systems up to Level 2. The mill will be equipped with the latest generation of Compact Cartridge Stand tandem mill stands, featuring strengthened guide holders, a new chock design and the new Technological Control System TCS plus. The laser based PROgauge light section measuring device, including the SurfTec surface defect detection system, from SMS will enable Duferco to measure the sections inline and to detect and analyze surface defects that may occur during the rolling process. Moreover, a SMS DataFactory will be implemented, combining the information from the product tracking system with all available data in the plant, from the sensor level up to the higher level automation systems. In this way, a product genealogy will be created, which is the basis for digitalizing the complete production process and through the use of artificial intelligence will be setting new benchmarks in digitalization.

Thanks to the green Power Purchase Agreement signed by the Italian steel company, the whole power supply of the new rolling mill will be covered by renewable energy. On 8 May 2019, DXT Commodities SA, Duferdofin Nucor SpA and FERA Fabbrica Energie Rinnovabili Srl had announced the structuring of the first Corporate Wind Power Purchase Agreement in Italy. The electricity, amounting to approximately 200 million kWh, will be generated by a new wind farm that FERA is currently building in northern Italy and will be purchased through a 7 year fixed price PPA by DXT Commodities, who will also sell it to the steel mills of Duferdofin Nucor over the same period.

Source - Strategic Research Institute

voda 14 januari 2021 12:25

British Steel Supplies Conductor Rails to South Western Railway

Leading UK steel maker British Steel announced that its conductor rails are set to help revolutionise rail services for passengers to and from London Waterloo as South Western Railway invests GBP 1 billion into an innovative engineering project. Their investment will see a new state of the art depot in Feltham in London and a 90 strong fleet of brand new high tech trains that are expected to deliver a more reliable, modern and faster service for passengers. The full fleet of Arterio trains, which comprises 750 carriages, are to be phased in over the coming years and are expected to enter passenger service in 2021.

British Steel UK Supply Chain Account Manager Rail Mr Darren Cole said “We’ve worked closely with VolkerRail to supply 3,500 metres of our 75kg conductor rail to the site. This is a massive investment that will deliver a step-change in passenger experience and it’s great that our rail is playing a key part in this transformation. The prime requirement for conductor rails is excellent electrical conductivity, so good performance goes right back to our steelmaking process where we carefully control the steel specification to meet these requirements. For a smooth sliding contact, the rail must have good dimensional control and excellent surface quality. This contributes to long rail and shoe life, so helps manage costs over the long term. Our stringent production processes mean we’re able to supply the high-quality rail needed for this project.”

Conductor rails provide current to power rail vehicles a sliding shoe on the train picks up the current. They’re an alternative to overhead power lines and so are particularly useful where there are height restrictions above the track.

Source - Strategic Research Institute

voda 14 januari 2021 12:26

Arvedi Secures Green Loan with SACE Guarantee

Italy’s flats and tubes producer Arvedi has received a major loan from local financial institutions for green investments to comply with EU's ambitious environmental targets. The first SACE-branded operation for the Green New Deal, the European plan that promotes a circular Europe: modern, sustainable and resilient, is destined for green investments by the Arvedi Group. The operation, lasting six years and for a total amount of 240 million euros, was successfully closed with an over-subscription which gave rise to an allotment of the shares among the participating banks. The loan is made up of two tranches: the first, of 165 million euros, in favour of Acciaieria Arvedi Spa; the second, of 75 million euros, in favour of Acciaieria Arvedi Spa, Arvedi Tubi Acciaio Spa and Centro Siderurgico Industriale Srl. The finances will be directed strictly on environmental renovation of the steelmaker.

This innovative financial instrument is part of a wider loan agreement signed between some companies of the Arvedi Group and a pool of lending banks, such as Intesa Sanpaolo, organizing bank and agent, BNL Gruppo BNP Paribas, BNP Paribas, Banco BPM SpA, Credit Agricole Italia SpA, Credit Agricole Corporate and Investment Bank, UniCredit SpA, Unione di Banche Italiane SpA, Banca Monte dei Paschi di Siena SpA, Banca del Mezzogiorno Mediocredito Centrale SpA and Banca di Piacenza Joint Stock Cooperative.

Legal advisors - Studio Bonelli Erede for the Arvedi Group and Chiomenti for SACE and for banking institutions

All this in line with the objectives of the European Union aimed at the transition towards the circular economy, by encouraging projects that tend to increase the reduction and efficiency of natural resources used in industrial production cycles, as well as durability and the reparability of the products derived from them, so as to reduce their environmental impact with a view to responsible and increasingly sustainable production. In this context, the loan also benefits from a reward system based on the achievement of certain sustainability parameters in the steel production cycle.

Source - Strategic Research Institute

voda 14 januari 2021 12:26

TMK Secures International Certificates for Premium Pipe Services

Russian Pipe Metallurgical Company TMK has successfully passed the next recertification audit of the corporate management system for compliance with international standards ISO 9001, EN ISO 9001, BS EN ISO 9001. The new certificate was issued for a three year period and was additionally expanded to include services for supporting premium products in oil and gas fields. The British company Lloyd's Register Quality Assurance has confirmed that TMK's corporate management system meets the requirements of international standards. The scope of the certificate covers the design, production, sales and supply of steel, including premium pipe products, as well as drill joints, couplings, accessories and steel cylinders; production, sale and supply of steel ingots and billets; services for maintenance of pipe products, including the premium class, at the fields, repair and storage, as well as other activities.

The management system has been expanded with the products and services of enterprises that were not previously included in the certification scope. For example, TMK Neftegazservice service divisions will be able to provide certified services for the repair of tubing, drill pipes, production of tubular string elements, including those with premium threaded connections, TMK Premium Service to provide service support for pipe products with premium TMK UP connections.

Source - Strategic Research Institute

voda 14 januari 2021 12:27

Bengaluru Based Steel Hypermart in CBI Net for Bank Fraud

Times Now reported that Central Bureau of Investigation has filed a case against Bengaluru based Steel Hypermart India Private Limited for causing an alleged loss of over INR 200 crores to a consortium of banks. Others accused by the CBI include the company's directors Mr Mahendra Kumar Singhi and Suman Mahendra Kumar Singhi, Chartered Accountant Mr Mukesh Surana and unknown public servants. CBI conducted searches at the residential and official premises of the accused at Bengaluru in Karnataka and at Shoolagiri in Krishnagiri district of Tamil Nadu, which led to the recovery of several incriminating documents and other material evidence.

An investigation is continuing on the complaint lodged by the Indian Bank, claiming that a consortium of banks was defrauded of over INR 200.38 crores by Steel Hypermart India in connivance with others, during the period from 2017 to 2019. Credit facilities were availed by the company under consortium lending, consisting of e-Vijaya Bank, now Bank of Baroda and Indian Bank, with the latter leading the consortium.

In order to avail higher working capital limits from the consortium of banks, the company allegedly inflated its turnover, made purchase transactions with sister concerns, inflated price of its receivables, diverted funds within sister concerns, submitted fudged accounts and statements to siphon off funds of banks funds. This caused an alleged loss of over INR 168.39 crores to Indian Bank and over INR 31.99 crores to Bank of Baroda. The account became a Non Performing Asset on 30 April 2019, and was reported as fraud on 7 November 2019.

Source - Strategic Research Institute

voda 14 januari 2021 12:27

Metalloinvest Appoints Directors of Mining & Steel Divisions

Leading Russian mining and metallurgy company Metalloinvest announced the appointments of Mr Rinat Ismagilov as Director of the Mining Division and Mr Alexey Kushnarev as Director of the Steel Division. Mr Ismagilov is responsible for policy development, modernisation and the efficient use of resources at the Company's mining and processing enterprises, namely Lebedinsky GOK and Andrey Varichev Mikhailovsky GOK. Mr Kushnarev holds corresponding responsibilities for Metalloinvest's steel assets Alexey Ugarov OEMK and Ural Steel.

Mr Ismagilov graduated from the Moscow Institute of Steel and Alloys with a degree in Mineral Processing in 1986. For many years, he worked at Norilsk Nickel, the Russian metals and mining company. Since 2013, he has held the positions of Deputy Director and later Director of the Mining Production Department at Management Company Metalloinvest.

Mr Kushnarev graduated from the Nosov Magnitogorsk Institute of Mining and Metallurgy with a degree in Metal Forming in 1982. In 1995, he completed the Manager in Market Conditions programme at the Academy of National Economy under the Government of the Russian Federation. From 1982 to 2002, he worked at the Magnitogorsk Iron and Steel Works, where he rose from Rolling Mill Operator to Chief Rolling Mill Manager at the enterprise. From 2002 to 2020, he was Chief Rolling Mill Manager, Chief Engineer and Managing Director of Evraz Nizhny Tagil Iron and Steel Works and Evraz Kachkanar GOK.

The appointments are into newly created roles in the Company’s structure. They are intended to improve production management efficiency, accelerate the implementation of new technologies and ensure the application of best practices in business processes.

Source - Strategic Research Institute

voda 14 januari 2021 12:30

Duferco Appoints New Members of Board of Directors

Duferco’s Extraordinary General Meeting on January 8 in San Zeno Naviglio in Brescia in Italy changed the old company legal name with the new one, which is Duferco Travi e Profilati SpA. The Assembly also appointed the new Board of Directors, which is now composed by Domenico Campanella, Agostino Conte, Augusto Mario Gozzi, Vittoria Gozzi, Franco Monteferrario.

Franco Monteferrario is President and company legal representative of Duferco Travi e Profilati and its subsidiaries TPP and Acofer. He is also in charge of Management, Finance and Control.

Augusto Mario Gozzi is the new CEO of Duferco Travi e Profilati and its subsidiaries TPP and Acofer.

Source - Strategic Research Institute

voda 14 januari 2021 12:30

GEORG Straightening Machine in EMW Sthal Service Center

German machine supplier Heinrich Georg Maschinenfabrik recently put a new high performance straightening machine into operation at EMW Stahl Service Center GmbH in Neunkirchen in Siegerland in North Rhine Westphalia in Germany, which expands the product range with coils made of high strength materials and at the same time achieves a significantly higher throughput. EMW has equipped its existing multi blanking line 2 with a new GEORG high-performance straightening machine. It replaces a straightening machine that could process strip with maximum yield strength of 300 newton per square millimetre. The focus of the project was on significantly increasing the ability to deliver coils made of materials with yield strengths between 600 and 1,000 newton per square millimetre and a thickness between 1.0 and 1.5 mm. EMW's product range includes both hot rolled grades with a pickled or galvanized surface and cold rolled, inorganic or organic coated grades.

The new machine of the type RM 55/17 / 7–6h – 1600 is equipped with a set of straightening rolls in six-high design with 19 straightening rolls, each with a diameter of 50 mm. It is also suitable for strips with high quality surfaces, including electrolytically galvanized sheet metal or grades for the outer skin of automobiles.

The new straightening machine is designed for a material width between 300 and 1,600 mm. In the thickness range between 0.4 and 3.0 mm, it aligns tape with a tensile strength of up to 700 newton per square millimetre, a yield point of up to 450 newton per square millimetre and an elongation at break between 15-45%. In the range between 0.4 and 2.0 mm thick, it processes strip with a maximum tensile strength of 1,200 newton per square millimetre, a yield point of up to 1,000 newton per square millimetre and an elongation at break of 8%. In order to meet the high requirements for high-strength applications, the machine has a particularly stable machine frame and a drive with three output levels on the transfer case.

The first results show that the new machine can process a significantly larger product range than the old one. It also achieves flatness values for all products that are 50% better than DIN EN 10131 requires.

Source - Strategic Research Institute

voda 15 januari 2021 09:18

Green Steel Offensive Rolling at Dillinger France

German Dillinger Group’s subsidiary Dillinger France is granted 1.8 million Euro state subsidies by the French government. The project initiated by Dillinger France is the only one from Dunkirk and one of four projects of the Hauts de France region amongst the 16 applications accepted throughout France. The subsidies granted are used to support the investment project of 10 Million Euro for the modernisation of pusher furnace no 2 of Dillinger France, which will result in a 2.7 % reduction of the enterprise’s CO2 emissions.

Dillinger France is currently in the process of refurbishing one of their heating furnaces in the rolling mill, pusher furnace no. 2, in the framework of the corporate plan to continuously develop and sustainably secure business activities. The furnace’s recommissioning is scheduled for July 2021. With this refurbishment project, Dillinger France will be enabled to increase their slab steel heating capacity for the rolling of heavy plates, whilst at the same time optimising their energy consumption and CO2 emissions by installing new high-performance burners, a heat recovery system for the waste heat inherent in the flue gas, the limitation of thermal losses, and the utilisation of new IT-based furnace operation management models.

With their strategy, the Dillinger Group and its subsidiary Dillinger France are pursuing the targets of the Paris climate agreement and intend to produce top-grade products in a sustainable steel industry environment.

This new investment project of Dillinger France is an inherent part of the Dillinger Group’s Green Steel offensive, which furthermore included the introduction of Germany’s very first steel production based on hydrogen in their blast furnaces in August of 2020, following an investment programme of 14 million Euro.

Source - Strategic Research Institute

voda 15 januari 2021 09:19

China’s Iron Ore Import Reach 1.17 Billion Tonnes in 2020

According to General Administration of Customs data, China's steel exports rose by 10.2% MoM to 4.85 million tonnes in December 2020 but down 3.6% YoY. However, Chinese steel exports in 2020 fell by 16.5% to 53.68 million tonnes. On the other hand China imported 1.375 million tonnes of finished steel, down 7.1% YoY & 25.8% MoM. China imported 20.233 million tonnes of finished steel in 2020, up by 64% YoY. The figure excludes semi finished products imports, which reached 15.8 million tonnes in the January-October 2020. As a result, total imports of steel products are expected to be definitely above 35 million tonnes for the whole of 2020, boosted by strong local consumption and the difference between local and international prices especially in the middle of the year.

China’s iron ore imports at 96.75 million tonnes in December 2020 were down 1.4%% MoM & 4.5% YoY. But China’s iron ore imports hit a record high in 2020, up by 9.5% YoY to 1.17 billion tonnes beating annual imports of 1.069 billion tonnes in 2019 and the previous record of 1.075 billion tonnes set in 2017.

Source - Strategic Research Institute

Bijlage:

voda 15 januari 2021 09:20

SAIL BSP Sets New Record of Daily Hot Metal Production

Steel Authority of India Ltd's Bhilai Steel Plant’s blast furnaces have again set a new record in daily hot metal production. The five blast furnaces of Bhilai Steel Plant currently in operation together produced 17,525 tonnes of hot metal on 13th Jan 2021, surpassing the previous best of 17,156 tonnes produced on 11th Jan 2021. New day records had also been set on 9th and 10th Jan 2021 with 17,050 tonnes and 17,071 tonnes produced, respectively.

For three days in a row, the Plant’s Blast Furnace 8, Mahamaya has recorded the highest Coal Dust Injection rate. On 13th Jan 2021, Blast Furnace 8 recorded its highest CDI rate of 182 kg per tonne of hot metal, surpassing the previous best records of 180 kg per tonne recorded on 12th Jan 21 and 178 kg per tonne recorded on 11th Jan 2021.

Source - Strategic Research Institute

voda 15 januari 2021 09:22

Government Exercises Greenshoe Option as SAIL OFS Over Subscribed

Indian government's sale of its 5% shareholding in public sector steel maker Steel Authority of India Ltd through the offer for sale route was over subscribed 3.6 times on the first day of its opening on January 14. The government decided to exercise the greenshoe option of another 20.65 crore shares or 5% of the total equity. Department of Investment and Public Asset Management DIPAM Secretary Mr Tuhin Kanta Pandey tweeted "Offer for Sale of Govt shares in SAIL got great response on day one. Issue subscribed 4.14 times of base size at a clearing price above the floor price by non retail investors. Govt has decided to exercise the green shoe option. Retail investors get chance to bid tomorrow.”

Stock Exchange data showed that over 74.74 crore shares were sought by non retail investors at the close of trading hours.

Source - Strategic Research Institute

voda 15 januari 2021 09:23

First HR Coil Produced at Fifth Arvedi ESP Line at Rizhao Steel

Primetals Technologies supplied fifth Arvedi Endless Strip Production plant produced the first coil at the Chinese steel producer Rizhao Steel Co Ltd In late November 2020. The casting and rolling plant will produce 2.2 million tonnes of high quality, ultra thin hot strip with thicknesses of down to 0.6 millimetres and widths of up to 1,300 millimetres. The product portfolio ranges from carbon steel to high strength low alloyed grades.

Primetals Technologies was responsible for the engineering of the Arvedi ESP plant and supplied the mechanical equipment, the media systems, technology packages and the automation technology. The casting and rolling lines are controlled by means of consistent and integrated basic level 1 and process automation level 2. This ensures a precisely coordinated interaction of the casting and rolling process.

In order to increase production capacity beyond the originally planned value, the Arvedi ESP plant was reengineered by increasing the number of caster segments and thus the caster length during the on going project. The new Mold Expert with fiber optic temperature measurement ensures higher resolution measurements for enhanced process control. New features are implemented to match highest cold rolling standards without subsequent processing steps. ABP Induction, a group company of Mitsubishi Heavy Industries, supplied a highly efficient transversal flux inductive heating system, which is installed upstream of the finishing mill.

The Arvedi ESP produces hot strip directly from liquid steel in a continuous and uninterrupted production process in a linked casting and rolling plant. In this type of plant the power consumption and the related costs are up to 45% less than in the case of a conventional plant with separate casting and rolling processes. It also means a significant reduction of CO2 emissions. Furthermore, with a length of only 162 meters, the dimensions of the Arvedi ESP plant 5 at Rizhao Steel is clearly more compact than those of conventional casting and rolling plants.

Rizhao Steel is located around 30 kilometers outside of the port of Rizhao in the south of Shandong province. The company has a production capacity of approximately 15 million tonnes of crude steel. Rizhao Steel's product portfolio includes hot rolled coils, wire rods and small dimensioned I-beams.

Source - Strategic Research Institute

voda 15 januari 2021 09:23

EC Approves TeraSteel & Wetterbest Takeover by Kingspan

The European Commission approved the sale of TeraSteel and Wetterbest to Ireland based Kingspan Group on January 12. The TeraPlast Group has been informed of the approval notice by the advisors that managed the notification process. For the closing, the approval from the Serbian Commission for the Protection of Competition needs to be received too. The Group estimates to receive it mid-February. After receiving the approval from the Serbian authorities, the transaction’s initial consideration shall be determined and paid.

On July 24, 2020, TeraPlast Group, controlled by Romanian investor Mr Dorel Goia, announced the sale of the Steel division to Kingspan Group for EUR 85 million. The Steel division is comprised of the business lines operated by TeraSteel SA in Romania, TeraSteel DOO in Serbia and Wetterbest SA in Romania.

TeraSteel is the leader of the Romanian sandwich panels market and, together with TeraSteel Serbia, is one of the top exporters on the Central and Eastern European market. Wetterbest holds the second position on the metallic roof tiles market in Romania.

Kingspan Group is a building materials company based in Ireland trading in 70 countries with 159 factories, which employs over 15,000 people. The company is listed on Euronext Dublin and the London Stock Exchange. Kingspan is already present in Romania with the construction materials manufacturer Joris Ide, which has a factory in Buzias in Timis County, where it produces structures for halls, thermal insulation, sandwich panels, and metal tiles.

Source - Strategic Research Institute

voda 15 januari 2021 09:29

Tenaris Delivers Coated Pipes & Services forIkike Project of Total

Global leader in seamless pipes Tenaris has delivered its final shipment of coated pipes for Total’s ultra fast track Ikike Project located approximately 20km offshore the Nigerian Coast in the Gulf of Guinea. Leveraging its global manufacturing network and its broad experience managing key subcontractors, Tenaris was able to produce and deliver, on time, coated pipes and accessories for the complex project.

The scope included 28 kilometers of 12 inch seamless line pipe, produced at Tenaris’s Dalmine plant in Italy, associated coating solutions for anticorrosion 3LPE, thermal insulation coating, TenCoatTM Marine 5LSynt, and concrete weight coating performed by Pipe Coaters Nigeria. Additional services included bends with anticorrosion and thermal insulation coating, Injection Molded Polypropylene, performed by EU subcontractors, under Tenaris’s supervision.

Source - Strategic Research Institute

voda 15 januari 2021 09:29

POSCO Develops Logistics Infrastructure for Small Clients

The Korea Times reported that South Korean steel giant POSCO is set to institute a system that will allow small and medium enterprises that are its clients to ship their goods with those being exported by the steelmaker. POSCO has developed the system based on the needs of SME clients, which faced difficulty in securing vessels to ship their smaller quantities of goods. As they were competing with larger shipments, this subjected the companies to higher fees and difficulty in meeting deadlines, resulting in poorer export competitiveness.

POSCO has trial operated the system since September. During the trial period, a total of 42 SME clients loaded 56,000 tonnes of goods with POSCO shipments, saving 1.1 billion won in logistics costs

When it officially begins later this month, clients will be able to check vessels on which they can load their goods and make registrations. Up until now, clients have had to directly inquire with shipping companies to check when loading took place and make loading requests.

POSCO said the system is set up to benefit not only exporting clients but also shipping companies, so that the entire logistics value chain would see a boost in competitiveness. The system is beneficial for shippers because they are able to boost sales by securing additional goods. They can also reduce costs because they do not need to make stops at other piers to fill up cargo space when they are short of orders.

POSCO also gains because it is able to reduce dead freight costs, which refer to payments made when the charterer of a ship fails to utilize space reserved on a vessel.

Source - Strategic Research Institute

voda 15 januari 2021 09:30

Steel Cluster near Visakhapatnam Approved

Indian government has approved Andhra Pradesh government’s proposals to set up a steel cluster on about a thousand acres at Pudimadaka near Visakhapatnam. AP’s State Industry Development Board, Andhra Pradesh Industrial Infrastructure Corporation and a team of industry officials held talks with officials of various departments in Delhi to attract investment in key sectors under the Product Based Subsidies.

The ancillary steel cluster will increase export opportunities by reducing manufacturing costs and generate employment locally. It also endeavours to make the domestic steel industry more efficient and global competitive.

The Ministry of Steel has prepared a draft framework policy for development of steel clusters in the country. The draft framework policy for development of steel clusters is aimed at facilitating setting up of Greenfield steel clusters along with development & expansion of existing steel clusters.

Source - Strategic Research Institute

voda 15 januari 2021 09:35

US Steel Claims Dip in Pollution near Clairton Plant Last Summer

US Steel announced that a study analyzing area traffic and ambient air quality data from an air quality monitoring station near US Steel’s Mon Valley Works found that there was a 40% decrease in particulate matter PM2.5 ambient air concentrations when comparing readings from before and after the COVID-19 stay at home order in Spring 2020. In the study, environmental consulting firm Trinity Consultants verified US Steel’s finding that included an analysis of data collected from the Liberty Monitor, along with Pennsylvania Department of Transportation traffic data taken from within a 40mmile radius of that site. Over the period reviewed, there was no change in production at the Clairton Plant, while the number of total vehicles on south western Pennsylvania roadways in the area examined fell by 50%.

The data review opportunity afforded by these unique circumstances, suggests a direct, significant correlation between the amount of vehicle traffic and Liberty Monitor PM2.5 concentrations. Both US Steel and Trinity intend to further examine these findings and share them with the appropriate state and local authorities, including the Allegheny County Health Department. These findings are consistent with several other reports of substantial improvements in PM 2.5 concentrations in other cities during similar reductions in vehicle traffic as a consequence of COVID-19 shelter in place orders.

US Steel is targeting a 20% reduction in greenhouse gas emission intensity by 2030, using 2018 as the baseline year for measurement. The company views its ‘Best of Both’ strategy as a companywide investment in sustainability, by incorporating electric arc furnace steelmaking to reduce GHG emissions and improve the scrap recycling rate within US Steel.

Source - Strategic Research Institute

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