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voda 7 april 2021 07:17

Harsco Renews Scrap Processing Contract with JSW Steel

Global market leader providing environmental solutions for industrial and specialty waste streams Harsco Corporation announced that its Harsco Environmental division has successfully renewed a multi-year services contract with JSW Steel at its Dolvi operation in Maharashtra in India. The current service contract, which includes the processing of steel melting shop-1 slag, expires in June 2022. The renewed contract adds the processing of SMS-2 slag, beginning July 2021, to support Dolvi till it develops a single large metal recovery plant at a new location, which will double its capacity. The renewal ensures HE can provide continuity for JSW Dolvi beyond expiration of the existing contract, with an upgraded plant, to cater excess slag processing until the future expansion at the new MRP takes place. The formal renewal to handle SMS-2 slag production begins around July 2021.

Harsco Environmental currently provides several services at the Dolvi mill, including metal recovery, scrap management and under-furnace digging. These services are directly linked to consistent/continuous steel production and are critical for plant operations. Further, in 2019, Harsco Environmental secured three additional multi-year contracts to set up, operate and maintain slag briquetting, slag cooling and meltshop services at JSW Dolvi.

Source - Strategic Research Institute

voda 7 april 2021 07:17

Hoa Phat Sale Hits 1 Million Tonne Mark in March 2021

Vietnamese steel maker Hoa Phat Group achieved sales volume of over record 1 million tonnes of steel products of all kinds, including steel billets, construction steel, hot rolled steel, steel pipes and galvanized steel in March 2021,. This is the record sales in 1 month of Hoa Phat ever. Hoa Phat attributed record monthly sales to significant increase in capacity after starting blast furnace No 4 at Hoa Hoa Iron and Steel Complex Phat Dung Quat in January 2021.

March Sales Breakup

Construction steel - 480,000 tonnes, up 36% YoY

HRC - 238,000 tonnes, up 36% MoM

Steel pipes - 90,000up tonnes, up 73% YoY

Exports in March

Finished steel - 80,000 tonnes, up 18% YoY

Steel billet - 238,000 tonnes, up 36%YoY

In the first quarter of 2021, Hoa Phat Group achieved sales volume of more than 2.16 million tonnes of various types of steel. Finished construction steel reached 855,000 tonnes, up more than 17%, of which finished steel products for export was 147,000 tonnes, up 10%. Exported steel billet was over 386,000 tonnes, up 27% compared to the first quarter of 2020. HRC products in the first quarter of the year reached 665,000 tonnes, an increase of 75% compared to the fourth quarter of 2020. Hoa Phat Steel Pipe recorded 184,000 tonnes after the first 3 months of the year, up 27%. Meanwhile, the Group's sales volume of galvanized steel sheet also increased strongly year-on-year.

Hoa Phat's output target for steel products in 2021 is 5 million tonnes of finished construction steel and steel billet; 2.7 million tonnes of HRC, 920,000 tonnes of steel pipes and 300,000 tonnes of galvanized steel sheets.

Source - Strategic Research Institute

voda 7 april 2021 07:22

Belarusian Steel Mill BMZ Develops 7 New Products

Belarusian steel mill BMZ has mastered production of 7 new types of steel products under the order of the customers rebars, rolled round bars, hot-rolled seamless pipes and wire in 2021. This made it possible to increase share of innovative products in the total volume of the enterprise's shipment to 30 percent. One of the new types of products mastered at BSW this year are rolled round bars made of carbon steel of grade C50mod. Technology of its production was developed by order of a well-known German manufacturer of automotive components. Along with traditionally strict requirements to mechanical and chemical characteristics, there are also strict requirements to this rolled product in terms of surface quality: minimum depth of surface defects and decarburization. This allows the customers to optimize their own production cycle. Technical services of the plant, in close cooperation with the production staff, managed to achieve necessary result. The first delivery has already been made to the customer. There are agreements on shipments for the first half of 2021.

According to operational data of the work for January-March, BSW exported steel products to 44 countries of the world for the amount of more than $300 million. Share of round steel bars intended for automotive industry in the export volume is about 10%. This year mentioned products were delivered to 22 countries. The leaders of its consumption are Germany, Poland, Italy and Norway.

Source - Strategic Research Institute

voda 7 april 2021 07:23

GMS Market Commentary on Ship Breaking in Week 13

World's leading cash buyer of ships for recycling GMS said that “Rising Covid-19 cases across the sub-continent have led to further lockdowns in a number of countries, especially as certain areas (as seen recently with much of Europe) suffer from, what now seems to be a third wave of the virus, despite the increasingly positive impacts being reported from the rollout of the various vaccines globally, in addition to the lockdowns. Even the Turkish market is reporting an exaggerated number of infections and fatalities of late, with the Turkish government considering drastic actions to curb the rising spread. As a result, short sharp 7-day lockdowns are reportedly coming into effect in Bangladesh and India from Monday (with Pakistan expected to follow suit) in addition to extended lockdowns in Turkey, in an effort to try and curb the continuingly and seemingly exponential spread of the virus and its emerging variants, while the various vaccine rollouts continues globally at pace. Insubstantial ICU space (as seen across Brazil of late) is part of the reason for these measures, as authorities try desperately to prevent further infections and fatalities, as a majority of the populous are increasingly required to stay at home during this period (except for emergency cases).”

GMS said “Notwithstanding, vessel deliveries and beachings will have to be managed on a far more selective and case by case basis, rather than using the “business as normal” approach seen for most of this year. Ship recycling activities will not be ceasing completely, but certainly yards are reportedly shutting down for the next 7 days, as labourers stay home and only the very essential of ship deliveries will be permitted to take place under certain conditions.”

GMS added “As such, as we enter a new phase of the pandemic in the global recycling markets, Ship Owners (both on an ‘as is’ basis to mobilize crews from countries like India) and for their delivered units, should be expecting a slower pace to activities and increased restrictions in the immediate future.”

Source - Strategic Research Institute

Bijlage:

voda 7 april 2021 07:24

US Steel Production Capacity Utilization improves to 77.9% nWeek13

AISI announced that in the week ending on April 3, 2021, domestic raw steel production was 1,766,000 net tons while the capability utilization rate was 77.9 percent. Production was 1,526,000 net tons in the week ending April 3, 2020 while the capability utilization then was 66.7 percent. The current week production represents a 15.7 percent increase from the same period in the previous year. Production for the week ending April 3, 2021 is up 0.3 percent from the previous week ending March 27, 2021 when production was 1,760,000 net tons and the rate of capability utilization was 77.6 percent.

Adjusted year-to-date production through April 3, 2021 was 23,172,000 net tons, at a capability utilization rate of 77.0 percent. That is down 4.2 percent from the 24,185,000 net tons during the same period last year, when the capability utilization rate was 79.0 percent.

Broken down by districts, here’s production for the week ending April 3, 2021 in thousands of net tons: North East: 159; Great Lakes: 610; Midwest: 184; Southern: 742 and Western: 71 for a total of 1766.

Source - Strategic Research Institute

voda 7 april 2021 07:26

Severstal Deliver 27KT Large Diameter Pipes for Arctic LNG 2

PJSC Severstal has completed the supply of large-diameter pipes in the amount of 27 thousand tons for the development of the Salmanovskoye (Utrennoye) oil and gas condensate field under the Arctic LNG 2 project, which is being implemented by NOVATEK ". In the period from September 2020 to February 2021, the Izhora Pipe Plant (ITZ, part of the Severstal Russian Steel division) shipped large diameter pipes (LDP) in the range of 530-1420 mm with a three-layer polyethylene coating with a wall thickness of 14 to 26 mm made of steel of strength category from K50 to K60. Within the framework of this tender, Severstal also supplied 40 tons of LDP with a diameter of 1020 mm and a wall thickness of 26 mm in a cold-resistant design with a minimum operating temperature of -52 degrees. This is a unique product that has no analogues in Russia. Even at such a low temperature, the metal retains its ductility, which is important for the operational reliability of the gas pipeline in regions with extremely low temperatures.

Severstal offers customers unique trading solutions for the construction of LNG plants based on the production capabilities and products manufactured by the enterprises that are part of the structure of the company. For the construction of Arctic LNG 2, Severstal supplies the widest range of products from fittings, hardware and large-diameter pipes to the most sophisticated unique equipment, replacing imported counterparts.

In St Petersburg, Linde Severstal, a joint venture with Germany's Linde, is currently producing a spiral-wound heat exchanger (liquefier) for the Arctic LNG 2 project. The spiral wound heat exchanger (SVTO) is a key piece of equipment in natural gas liquefaction and processing plants. At the end of 2019, a 300-ton winding machine was purchased at the enterprise, which allows winding operations for large-capacity heat exchangers, which include a spiral-wound heat exchanger for Arctic LNG 2.

For the construction of Arctic LNG 2, Severstal-metiz (the enterprise is part of the Severstal structure) supplies fasteners, steel shaped profiles and reinforcing strands. High-strength fasteners are produced by Orlovsky Steel Rolling Plant in cooperation with the partner company Parallel, which applies a special thermal diffusion coating to the fasteners to protect them from corrosion. OSPAZ fasteners are used for fastening metal structures.

Severstal Distribution (Severstal's distribution network) supplies A600C and A500 valves for the construction of the Arctic LNG 2 liquefied gas plant. The total volume of supplies, starting from 2019, has already amounted to 92.5 thousand tons.

The Arctic LNG 2 project provides for the construction of three technological lines for the production of liquefied natural gas with a capacity of 6.6 million tons per year each and stable gas condensate up to 1.6 million tons per year. The total capacity of the three lines will be 19.8 million tons of LNG per year. The project is based on an innovative construction concept using gravity-based foundations in order to reduce capital costs and minimize the environmental impact of the Arctic region of Russia. The launch of the first line is planned in 2023, the second and third - in 2024 and 2026, respectively.

Source - Strategic Research Institute

Bijlage:

voda 7 april 2021 07:29

Salasar Launches Structural Steel Manufacturing Unit in Hapur UP

Salasar Techno Engineering has announced the launch of its new manufacturing plant for structural steel fabrication in Hapur in Uttar Pradesh. The newly launched plant is one of the largest installed capacities in North India with a total production capacity of 15000 tonne per annum. The manufacturing unit is spread over 60,000 square meters. The manufacturing unit is equipped with an automated multi torch CNC plasma cutting machine for extreme precision. It is also installed with twin-wire both sides, advanced beam welding line from Corimpex Italy, 7-axis CNC drilling machine, automated blasting & painting machine for multi-coat painting and many more. The facility will be aimed at providing 360 degree solutions for heavy steel structures, starting from conceptual & structural design to fabrication, supply, erection and handover to end-user.

Salasar Techno Engineering Limited is located in Ghaziabad in Uttar Pradesh with 3 units around Hapur. Salasar Techno Engineering provides heavy structural steel fabrication for bridges, power plants, process plants, high-rise buildings, PEB buildings, Warehouses, Airport hangers, and Metro stations.

Source - Strategic Research Institute

voda 7 april 2021 07:30

Mr Shahab is New Marketing Director of ArcelorMittal Kazakhstan

Mr Shahab Hussein has been appointed Marketing Director of ArcelorMittal in Kazakhstan from April 1, 2021. He will also be responsible for marketing and logistics for ArcelorMittal's CIS divisions, namely the ArcelorMittal pipe plant in Aktau and the ArcelorMittal packaging division in Russia and Ukraine. In addition, he will lead commercial strategic initiatives including supply chain management and digitalization.

Mr Shahab has held senior commercial positions at ArcelorMittal Europe, including being a member of the Board of Directors and Marketing Director at ArcelorMittal Ostrava, Commercial Director for Eastern Europe and acting. Marketing Director of the Eastern Business Unit and a member of the Board of Directors of the Eastern European Business Unit. Prior to joining the management team of the CIS division, Mr Shahab briefly worked in the direct investment group as a marketing director, as well as a member of the board of directors of European enterprises.

Mr Shahab began his international sales career at Indian Aluminum Company Ltd Mumbai, formerly Alcan-Rio Tinto, now Hindalco.

Mr Shahab graduated from Lucknow University Canning College with a BA in Mathematics and English Literature, and Delhi University of Economics with an MA in International Business. He is also a graduate of the Executive Program from London Business School and the INSEAD Diploma in Advanced Industrial Marketing Strategy.

Source - Strategic Research Institute

Bijlage:

voda 7 april 2021 07:36

Ørsted Hydrogen Plants Linked to SeaH2Land

'SeaH2Land' is an ambitious vision, linking GW-scale electrolysis to the large industrial demand in the Dutch-Flemish North Sea Port cluster through an envisaged regional cross-border pipeline. The green electricity required to produce the renewable hydrogen is proposed to come from the build-out of additional large-scale offshore wind. The major industrial companies in the region ArcelorMittal, Yara, Dow Benelux, and Zeeland Refinery, support the development of the required regional infrastructure to enable sustainably-produced steel, ammonia, ethylene, and fuels in the future, helping the Netherlands and Belgium to accelerate their carbon reductions towards 2030 and beyond. The SeaH2Land vision includes a renewable hydrogen production facility of 1 GW by 2030 to be developed by Ørsted. If realised, the electrolyser, which will produce the renewable hydrogen, can convert about 20 % of the current hydrogen consumption in the region to renewable hydrogen. With 580,000 tonnes per year, the North Sea Port cluster is one of the largest production and demand centres of fossil hydrogen in Europe today. Driven by decarbonisation efforts, industrial demand in the cluster could grow to about 1,000,000 tonnes by 2050, equivalent to roughly 10 GW of electrolysis.

Ørsted proposes to connect the GW electrolyser directly to a new 2 GW offshore wind farm in the Dutch North Sea. This will enable the large-scale supply of renewable electricity required for production of renewable hydrogen and fits well with the ambitions of the Dutch authorities for an accelerated offshore wind roll-out in line with increasing electricity demand. The offshore wind farm could be built in one of the zones in the southern part of the Dutch exclusive economic zone that has already been designated for offshore wind development.

The industrial players in the region, united in the Smart Delta Resources industry partnership, will continue the dialogue with TSOs for them to develop a regional open-access pipeline network of about 45 km, stretching across the North Sea Port area from Vlissingen-Oost (NL) to Gent (BE).

The GW electrolyser is proposed to link to the envisaged regional pipeline system connecting large-scale consumption and production in the cluster. Yara, in consortium with Ørsted, and Zeeland Refinery have each announced plans for mid-size renewable hydrogen production at their sites, while Dow has been exporting hydrogen to Yara since 2018 through the world's first conversion of a gas pipeline into hydrogen. The network can be extended further south to ArcelorMittal as a short-term no-regret and further north, underneath the river Scheldt, to Zeeland Refinery, as a crucial link to create a unique regional ecosystem of hydrogen exchange with significant carbon reduction in the manufacturing processes of ammonia, chemicals, and steel and a significant contribution to the European Green Deal.

Moreover, the cluster strategy proposes to extend the 380 kV high-voltage network for the electrification needs of the industry south of the river Scheldt. This would enable GW-sized electrolysis and offshore wind landing zones on both sides of the river, turning the cluster into a true energy hub.

Subject to a regulatory framework being in place, the regional network will unlock the first phase of SeaH2Land, which comprises 500 MW of electrolyser capacity. The second phase of SeaH2Land which scales the electrolyser capacity to 1 GW will require the possibility to connect to a national hydrogen backbone, providing additional flexibility and storage. Several locations north and south of the river Scheldt have been identified for GW-scale electrolysis. In the meantime, several projects are being developed in the region on the sites of industrial players, such as Zeeland Refinery's envisaged 150 MW electrolyser, which are also to be connected to the network.

Source - Strategic Research Institute

Bijlage:

voda 8 april 2021 11:22

Beursblik: Degroof Petercam verhoogt koersdoel Aperam

FONDS KOERS VERSCHIL VERSCHIL % BEURS
Aperam
41,11 0,45 1,11 % Euronext Amsterdam

(ABM FN-Dow Jones) Degroof Petercam heeft donderdag het koersdoel voor Aperam verhoogd van 45,00 naar 52,00 euro bij handhaving van het koopadvies.

Analist Frank Claassen verhoogde de taxaties voor de EBITDA in het eerste kwartaal van 125 naar 149 miljoen euro, vooral dankzij hogere prijzen en gunstige aanpassingen aan de voorraden. Aperam publiceert de cijfers op 6 mei.

"We erkennen dat het aandeel Aperam al flink is gestegen, maar het sterke winstmomentum is nog niet volledig ingeprijsd", aldus de analist. Claassen merkte bovendien op dat het aandeel nog steeds tegen een korting wordt verhandeld ten opzichte van sectorgenoten, terwijl Aperam de concurrentie voorbijstreeft op het gebied van rendement voor de aandeelhouders.

Degroof Petercam stelt dat er een grote kans is dat Aperam bovendien weer een inkoopprogramma van eigen aandelen zal aankondigen ter waarde van 100 miljoen euro en dat meer inkoopprogramma's in de komende jaren ook waarschijnlijk zijn. Volgens Claassen kan Aperam hiervoor 858 miljoen euro vrijmaken, uitgaande van een schuldratio van 1 in 2022. "Dat is meer dan een kwart van de huidige marktkapitalisatie", aldus de analist.

Het aandeel Aperam steeg donderdagochtend met 0,2 procent tot 40,75 euro.

Door: ABM Financial News.
info@abmfn.nl
Redactie: +31(0)20 26 28 999

© Copyright ABM Financial News B.V. All rights reserved.

voda 8 april 2021 11:27

Mr Gadkari Wows to Control Indian Steel & Cement Firms

Economic Times reported that Indian government is finding alternatives to reduce the use of cement and steel in highway construction in a bid to check rising costs and a committee has been formed in the Ministry of Road Transport & Highways to look at such alternatives and best international practices in construction. Transport Minister Mr Nitin Gadkari in an exclusive interview with ET told “They should be brought under control. I will write to the PM about this. If this continues, how will roads be built, how will we implement the PM Awas Yojana, how will MSMEs survive? The imbalance created by cement companies will not be tolerated. They are forming a cartel and increasing prices. MSMEs are facing trouble because of this.”

The minister is also considering approaching the Prime Minister to form a regulatory commission to rein in companies in these sectors.

Mr Gadkari has been raising concerns over steel price hikes. Mr Gadkari while speaking at a virtual event of Builders Association of India on 9 January 2021 had said “Regarding steel and cement, this is really a problem for all of us. Actually, I feel this is a cartel by some big people are doing in cement and steel. All the players in the steel industry have their own iron ore mines, and do not have to face any hikes in labour or power rates, why the steel industry has been hiking prices."

Mr Gadkari on 24 January had again highlighted the need to explore alternatives to steel as well as cement, for bringing down their prices. He had said "Steel prices have increased by 65% in the last six months. Steel and cement rates will reduce once cheaper alternatives are available.”

Source - Strategic Research Institute

voda 8 april 2021 11:28

SSAB, LKAB & Vattenfall’s HYBRIT Project for H2 Storage in Lulea

SSAB, LKAB and Vattenfall have commenced building a rock cavern storage facility for fossil-free hydrogen gas on a pilot scale next to HYBRIT’s pilot facility for direct reduction in Lulea in North of Sweden. This is an important step in the development of a fossil-free value chain for fossil-free steel. The investment cost of just over SEK 250 million is divided equally across the holding companies and the Swedish Energy Agency, which provides support via Industriklivet. The 100 cubic metres hydrogen storage is being built in an enclosed rock cavern approximately 30 metres below ground. Building the storage facility underground provides opportunities to ensure the pressure required to store large amounts of energy in the form of hydrogen in a cost-effective way. The technology used is adapted to Scandinavian bedrock conditions and will now be developed further to handle the storage of hydrogen. The storage facility is being built according to the high safety requirements that apply and checked by the responsible authorities.

As part of the SSAB, LKAB and Vattenfall joint initiative HYBRIT, Hybrit Development AB is starting the construction of a hydrogen storage facility in Svartöberget to develop the technology for storage. Fossil-free hydrogen, which will replace coal and coke, is a crucial part of the production technique for fossil-free iron and steel production, where emissions of carbon dioxide will be virtually eliminated.

Hydrogen storages are predicted to play a very important role in future power and energy balancing, and in large-scale hydrogen production. The storage facility is expected to be ready and operational from 2022 until 2024.

Fossil-free hydrogen is central to the HYBRIT process. Hydrogen can be produced cost-effectively through the electrolysis of water using fossil-free electricity. The hydrogen produced by the electrolysers can be used immediately or stored for later use. The storage facility is based on proven technology and the hydrogen is used in the plant’s direct reduction reactor to remove oxygen from iron ore pellets. The fossil-free sponge iron resulting from the process is then used as a raw material in the manufacture of fossil-free steel.

Source - Strategic Research Institute

voda 8 april 2021 11:28

REvil Leaks Drawings after Ransom Refusal by Tata Steel

TechNadu reported that Tata Steel suffered a cyber attack by the REvil group and drawings are already leaked. The REvil/Sodinokibi group has reportedly attempted to extort USD 4 million from Tata Steel after the hackers managed to compromise the firm’s systems. The victim rejected the prospect to negotiate with the hackers, so no ransoms were paid. Based on what can be deduced from the published data on the actors’ site, they were unsuccessful in this effort as the Mumbai-based steelmaker hasn’t given in to the demands and refused to make the slightest negotiation for a resolution. This has inevitably resulted in the first leaks of sensitive files on the REvil portal, and the files posted there appear to be related to steel plant in Odisha. The encryption has allegedly taken place on March 25, 2021

With the aid of KELA, TechNadu was able to see technical drawings of production line machines that are marked as “Confidential,” so they’re clearly not intended for publication. This potentially means REvil doesn’t have much hope in seeing any positive development in their negotiation efforts, and they’re immediately letting valuable stuff out.

However, the initial ransom has already been doubled once, so it’s been set to the equivalent of USD 8 million in crypto currency Monero. There’s no other doubling step, so the next phase involves publishing the sample files on the media and the selling of the rest of the exfiltrated files to various hackers or interested buyers.

REvil has been especially active recently, so there must be multiple skilful affiliates working for the ransom ware group right now. Only three days ago, the French PCB maker ‘Asteelflash’ was added to Sodinokibi’s victim list, facing a ransom of no less than USD 24 million.

Source - Strategic Research Institute

voda 8 april 2021 11:30

Liberty Galati Needs Funds to Buy CO2 Certificates Sold Last Year

Romania Insider reported that according to Ziarul Financiar quoting FT GFG Alliance’s Liberty Steel’s Romanian subsidiary Liberty Galati urgently needs EUR 100 million to purchase the CO2 certificates that it sold last year. The Romanian plant is reportedly in talks with sister company Liberty Ostrava from the Czech Republic to obtain the certificates that the Czechs did not use.

Under the ETS scheme operated by the European Union, Liberty Galati received some EUR 100 million worth of CO2 certificates. However, the company sold them, planning to repurchase them from the market this April when it has to return to the EU the certificates corresponding to the previous year's CO2 emissions.

An additional challenge for Liberty Galati is the sharp rise in the price of CO2 certificates in recent weeks. Advertisement.

Source - Strategic Research Institute

voda 8 april 2021 11:30

Vietnam Imposes AD Duty on H Beam Imports from Malaysia

Vietnams Ministry of Industry and Trade announced that it has decided to apply temporary anti-dumping measures H-shaped steel products originating from Malaysia. According to Decision No.1162/QD-BCT on the application of temporary anti-dumping measures on some H-shaped steel products originating from Malaysia, the temporary tax rate applied to Malaysian exporters is 10.2%.

The MoIT launched the investigation in August last year based on the appraisal results of the petition requesting the application of anti-dumping measures filed by representatives of the domestic manufacturing industry in July last year. The investigation results showed that imports of H-shaped steel from Malaysia increased sharply during the investigation period, significantly damaging the H-shaped steel manufacturing industry of Vietnam.

The case is expected to conclude in the second quarter of this year.

Source - Strategic Research Institute

voda 8 april 2021 11:32

Zekelman ERW Pipe Mill at Atlas Tube to Start in September

Zekelman Industries announced the completion of exterior building work on its new mill in Blytheville in Arkansas, constructed for its Atlas Tube division. Foundation work has begun, and the mill is slated to start rolling in September 2021. Located next to one of Atlas Tube's existing mills, this high-tech, 515,000-square-foot facility will be the largest continuous electric resistance welding mill in the world, rolling HSS from 8 inch to 22 inch square. Rounds will be available up to 28 inch OD, and rectangles up to 34 inch x 10 inch, with wall thicknesses up to 1 inch. The facility will feature cutting-edge engineering that will give it industry-leading capabilities, including new welding technology designed to handle the 1 inch thick sections. Quick change technology will give the mill the shortest cycle times in the industry, and the line will feed into a fully automated warehouse, cutting down delivery times and boosting efficiency.

Zekelman Industries had selected SMS group as partner and main supplier for a complete new 28 inch ERW tube welding line to be installed at its Atlas Tube structural tube division in May 2019. With the new 28-inch electric resistance welding line, Zekelmann Industries will be installing the biggest continuous line in the world, capable to produce more than 400,000 tons per year and thus extending its product range and sizes.

The key aspect of the design and layout development of the new line are the highest requirements for quality and production output. The computer-controlled SMS group CSS Quicksetting system ensures that the rolls can be adjusted automatically to their working positions after the size change. Further to an operational speed reaching 35 meters per minute, the line offers superior diameter/wall thickness ratio capability which, along with a quick product change-over time, results in great product flexibility.

Currently, the largest HSS rolled in the US are 16 inch x 16 inch x 5/8 inch, and builders looking for bigger sizes need to have them shipped from overseas. That means long lead times and unpredictable delivery schedules, making large HSS sizes less appealing in domestic construction. With Atlas Tube's new mill, all sizes will be available for order with 2- to 4-week lead times, the shortest in the industry, as well as from floor stock at service center partners across North America.

The new larger sizes will be ideal for applications like bridges, warehouses, stadiums and highways signage, taking advantage of the unbeatable efficiency and strength-to-weight ratios HSS can offer. And with short, predictable lead times, builders and designers can count on the weight- and cost-savings HSS bring to construction without worrying about international shipping issues.

Source - Strategic Research Institute

voda 8 april 2021 11:42

Tata Steel Long Products Reports Highest Annual Volumes for2020-21

Tata Steel Long Products Limited has announced their data for the Financial Year 2020-2021. Tata Steel Long Products achieved the highest ever quarterly crude steel production of 186 thousand tonnes with a growth of 7%QoQQ and 19%YoY on the back of debottlenecking at steel melting shop and arcing; FY21 production was also highest ever with 11%YoY growth despite disruption caused by COVID-19 pandemic. Sales volumes in 4QFY21 increased by 4%QoQ and 25%YoY to 172 thousand tonnes, driven by higher production and improved market conditions. The company achieved the highest ever annual sales volumes at 639 thousand tonnes with 25%YoY growth. TSLP’s continued focus towards mix enrichment resulted in 20%YoY growth in rolled product sales volume along with 38%YoY increase in alloy wire rod sales volume in FY21.

Tata Steel Long Products also achieved the highest ever DRI production in 4QFY21 and FY21. 4QFY21 DRI sales volume increased by 6%QoQ and 12%YoY to 172 thousand tonnes; FY21 DRI sales volumes increased marginally on YoY basis to 632 thousand tonnes.

Source - Strategic Research Institute

voda 8 april 2021 11:43

Russians to Submit Proposal or Modernization of Pakistan SteelMill

The News reported that after a meeting with Russian delegation, led by Adviser Mr Andrey Zubal, on the request of Sindh Chief Minister Syed Murad Ali Shah, Russian experts have agreed to submit their proposals for modernisation of the Pakistan Steel Mills. The chief minister said the Russian government had constructed a huge project of Steel Mills in Karachi. Now, the mills needed not only to be overhauled but also had to be modernised to fulfil the present steel production requirements. The delegation decided to send their team to visit the mills to assess the requirements for its modernisation.

The meeting decided to take up the modernisation of the steel project on a priority basis as its feasibility and mode would be studied and shared with the provincial government.

The chief minister said he has already constituted a provincial ministers’ committee to study the issues of the mill and recommend solution to its problems. Mr Murad said with the closure of the mill, the employment of a large number of its employees had been affected badly. He said “The mill was established with the personal efforts of the-then Prime Minister Zulfikar Ali Bhutto and we want it to flourish.”

Source - Strategic Research Institute

voda 8 april 2021 11:44

Banque Internationale de Commerce Settles Balli Fraud Suit

Law360 reported that Switzerland's Banque Internationale de Commerce has settled a commercial fraud claim against three executives of Anglo-lranian steel trader the Balli Group, in the latest development following an investigation into the company's collapse by the UK s Serious Fraud Office. The SFO announced its investigation into Balli Group on 3 May 2017 and charged five individuals with various fraud offences in relation to the activities of Balli Group Plc and Balli Steel Plc in Sepetember-Otober 2020.

SFO charged Nasser Alaghband, Vahid Alaghband, David Spriddell, Louise Worsell & Melis Erda for fraudulent trading in the carrying on of the businesses of Balli Steel Plc and Balli Group Plc with the intent of defrauding creditors. The charges relate to the issuance of letters of credit and documents that were false, misleading or deceptive to fund the purchase of steel by Balli Steel, according to details of the charges published by the court listings office. Before its collapse in 2013, Balli Group plc had been based in London. It conducted the majority of its trade out of Germany, the Czech Republic, Dubai and China.

Deloitte's initial administration report in April 2013 states that Balli Group plc and its subsidiaries had loaned significant sums to related parties between 2007 and 2012 to finance investments in non-core activities, specifically property and aviation, which were unsuccessful.

Source - Strategic Research Institute

voda 8 april 2021 11:44

Winsupply Acquires Allegheny Pipe & Supply in Pittsburgh

Leading US distributors Winsupply Inc has purchased the assets of Allegheny Pipe & Supply, a distributor of industrial pipe, valves and fittings located in Coraopolis in Pennsylvania, a borough located just west of Pittsburgh. The company is regarded as a prime distributor of carbon and stainless steel pipe, valves, fittings and related products with onsite cutting, grooving, and threading capabilities for the Pittsburgh area and beyond to the tri-state region of Pennsylvania, West Virginia and Ohio. Terms of the purchase were not disclosed.

Third generation owners Jim Morse, president of Allegheny Pipe & Supply, and his brother, Tom Morse, vice president, plan to re-invest in substantial ownership in the company with Winsupply Inc as the majority owner. Jim Morse will remain president and Tom will be second in command. The location will continue to do business as Allegheny Pipe & Supply, with the legal name Winsupply Coraopolis PA Co.

Winsupply Inc is a leading supplier of residential and commercial construction and industrial supplies and equipment headquartered in Dayton, Ohio. The privately-held company has nearly 620 wholesaling locations in 45 states and offers entrepreneurs the unique opportunity to own a meaningful part of the local business. Collectively, Winsupply is known as "The Winsupply Family of Companies" and includes Win-branded locations, Noland Company, Carr Supply, Security Plumbing & Heating Supply, APCO, and other regional suppliers the company has acquired. In the family are companies conducting business-to-business wholesale distribution of supplies and equipment in plumbing and heating; hydronics; pipe, valves and fittings; HVAC and refrigeration; electrical; fastening hardware; waterworks and utility; pumps; turf irrigation and landscape; and fire system fabrication.

Source - Strategic Research Institute

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