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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 ... 1326 1327 1328 1329 1330 1331 1332 1333 1334 1335 1336 ... 1755 1756 1757 1758 1759 » | Laatste

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voda 3 juni 2021 06:58

2 Contract Workers Killed in CO Leakage at SAIL ISP Coke Oven

Local media reported that 2 contract workers died reportedly after inhaling carbon monoxide that leaked at the coke oven unit of Steel Authority of India Limited’s IISCO Steel Plant in West Burdwan’s Burnpur on 2 June 2021. Sources at the central public sector unit said the gas had leaked after a glitch at battery 11. Three workers were doing cleaning jobs at the battery chamber shut for maintenance around 3.30pm when the incident occurred. All three had breathing problems and were rushed to the plant hospital with oxygen. Doctors declared two workers dead on arrival. The third was released after treatment. IISCO authorities have ordered a probe into the incident. However, the incident did not affect production at the plant.

Trade union leaders have blamed steel plant authorities. INTUC affiliated Asansol Iron and Steel Workers’ Union’s General Secretary Mr Harjit Singh said “Workers don’t get minimum protection and forced to work in life-threatening situations. We demand permanent jobs for the kin of the deceased.”

Mr Singh later confirmed that the IISCO management had promised to provide compensation, including a job to one family member of each of the deceased workers.

The steel plant, which is now running with less than half the regular manpower in each shift following the ongoing restrictions put in place by the state government because of Covid-19, has around 4,750 permanent employees, including executives and around 8,000 contractor workers.

Source - Strategic Research Institute

voda 3 juni 2021 06:59

UK’s Steel Workers Worried over TRA Report on Steel Tariffs

The Mirror reported that UK’s steelworkers have piled pressure on a new trade body to back British products against cheap foreign imports. UK Steel Director General Mr Gareth Stace said “Immediately, the TRA will find itself making its most important decision likely this decade, the decision on the maintenance of the UK’s steel safeguards. Here we will see if the assurances that the UK’s trade defences would not be weakened will hold true. The preliminary decision was extremely worrying and stands to cause huge levels of harm to the UK steel sector. I urge the TRA to think again and to make their first major decision one that protects UK industry, instead of harming it.”

A spokeswoman for Community steelworkers' union said “Right from the off the TRA has a huge decision to make. Do they confirm the disastrous decision to slash our steel safeguards or do they reconsider on the basis of the evidence? Stakeholders from across the sector have provided detailed and technical responses to the preliminary decision and these must be properly taken into account. The fact of the matter is that removing these crucial steel safeguards, which protect us from being flooded by cheap foreign imports, will threaten jobs and put the future of our industry at risk. If the TRA gets this wrong it will mean our post-Brexit trade defence system is not fit for purpose.”

UK Government has launched the Trade Remedies Authority as an independent, arms-length organisation to deal with complaints from UK firms. According to the Department for International Trade, it will help defend UK economic interests from unfair international trading practices and one of its first moves will be to decide whether to accept a recommendation to water-down measures aimed at protecting British steel manufacturers. A 107-page report to ministers recommends axing curbs on half of all imported steel products at the end of June.

Protections were introduced by Brussels in 2018 when the UK was part of EU trade rules, in retaliation for Donald Trump's White House slapping tariffs on steel imports. The EU measures carried on in Britain until January when the Brexit transition ended.

Source - Strategic Research Institute

voda 3 juni 2021 07:02

Russia Considering Measures to Ease Domestic Steel Prices

Russia's government has widened the scope of its efforts to control record-high steel prices through direct political intervention. Several large steelmakers were invited to a meeting with Industry & Trade Minister Mr Denis Manturov for discussions focused on securing steel supply for state defence enterprises and construction products under long-term contracts at fixed or formula based prices with discounts. Steelmakers confirmed their readiness to provide discounts for such contracts. The ministry of industry and trade together with the ministry of construction will work on determining the beneficiaries of such contracts.

Also, Deputy Industry & Trade Minister Mr Viktor Yevtukhov last week did not rule out the possibility of the government introducing temporary 20-30% export duties. In May, the ministry drafted a list of products that could be subject to export duties. As of early last week, that list included semi-finished steel products, flat-rolled steel etc.

TASS also reported that Russia’s First Deputy Prime Minister Mr Andrei Belousov on the side lines of SPIEF 2021 told reporters that the tax solution is technologically the simplest in the situation with metallurgists, but if they find other instruments, the government is ready to discuss. He said “Theoretically, in addition to the severance tax, for example, Chinese options are possible, differentiation of VAT refunds on exports. Only, I say again, it does not follow from this that we are going to introduce this, because this is still a matter under discussion. There are more options, but now there are no decisions. A task has been given, it needs to be solved. If it can be solved through discounts, especially if all this is resolved not only within the framework of 2021, but some kind of mechanism is created, I will only welcome it, of course.”

According to him, a number of metallurgists, such as Evraz and Metalloinvest, are behaving very responsibly, not raising prices and offering discounts. He said “I can say that a number of companies are behaving very responsibly. I will cite as an example Evraz, which practically did not raise the price of rails, it is the main supplier of rails for Russian Railways. What I know fits into the parameters that were agreed upon earlier. I know that Metalloinvest is behaving quite responsibly and they have already provided a number of discounts.”

Incidentally, Russia’s Federal Antimonopoly Service had launched cases against MMK, NLMK and Severstal in April 2021because they have maintained monopolistically high prices on the flat-rolled steel market. This type of inquiry will prevent the rival companies from getting access to each other’s commercial information, and coordinating their positions and actions. The audit came on the heels of a statement that the service had received pointing to unreasonable price hikes for hot-rolled flat products, the statement said. According to the FAS, the price hikes surged faster than those of commodity costs. These producers may face turnover-based fines if the fact of a violation is established.

Source - Strategic Research Institute

voda 3 juni 2021 07:04

JSW Steel Accused for Shortfall in Oxygen Supplies in Karnataka

The Economic Times reported that the Karnataka Government’s Principal Secretary to the Revenue Department (Disaster Management) N Manjunatha Prasad has issued a notice to JSW Steel’s Deputy Managing Director pointing out the lapse in oxygen supply. The government has warned of stern action against the steel mill under the provisions of the Disaster Management Act, if the company failed to meet its commitment. According to the notice, supplies from JSW's units in Vijayanagar, on some days, were less than half of the actual allocation of 580 tonnes a day. The notice said “Any shortfall in supply, particularly from JSW Steel Ltd, cannot be offset from other sources. The shortfall in supply is likely to jeopardise treatment of Covid-19 patients in the state. The company had created a precarious situation, endangering the lives of Covid patients. It should ensure the supply obligation within 24 hours of receiving the notice, failing which it warned of initiating legal action against the company.”

An official in charge of oxygen supply in the state said the company might have been diverting oxygen for steel manufacturing.

The state has been heavily relying on the JSW plants for medical oxygen, with the company accounting for 70% of the central government’s liquid medical oxygen allocation to Karnataka (830 tonnes) from plants within the state. The company supplies medical oxygen to the state government from its three plants in Bellary district, including two Praxair units.

Source - Strategic Research Institute

voda 3 juni 2021 07:04

Grupo Simec to Increase Bar Mill Capacity to 1 Million Tonne

Mexican steelmaker Grupo Simec plans to invest USD 300 million to double capacity at its Pindamonhangaba mill in state of Sao Paulo in Brazil. The company said it will double crude steel capacity at the rebar and wire rod mill from 500,000 tonnes to 1 million tonnes by 2023. The mill should commence expansion works sometime this year.

Simec has been operating its Pindamonhangaba mill for six years. The company also owns the Cariacica mill in Espirito Santo state and the Itauna mill in Minas Gerais state, apart from its Mexican operations. Simec bought the Cariacica facility from ArcelorMittal Brazil in 2018.

Source - Strategic Research Institute

voda 3 juni 2021 07:06

100 Bed Covid Facility Opens at SAIL RSP

Newly developed COVID Treatment Centre of Steel Authority of India Limited’s Rourkela Steel Plant Ispat Nidan Kendra was inaugurated by Steel Minster Mr Dharmendra Pradhan through virtual mode on 2 June, 2021. This centre has at present 100 oxygenated beds including 50 ventilator-attached beds. Work is in progress to increase the oxygenated bed strength to 500 including 100 ventilator-attached beds in near future.

All the beds in this Ispat Nidan Kendra have the provision of gaseous oxygen directly through dedicated line drawn directly from the oxygen unit of the steel plant. The provision of gaseous oxygen will help in getting rid of the need to replenish cylinders and the logistic issues, besides ensuring uninterrupted availability of the life saving gas. This jumbo facility, which has been set up within a record time, is in addition to the beds and ICU beds already made available earlier for fight against COVID. The Ispat Nidaan Kendra is being set up as a permanent type installation with facility of oxygen availability for 500 beds that will go a long way in the treatment of numerous patients in the region.

Source - Strategic Research Institute

voda 3 juni 2021 07:06

NGT Panel to Probe Environment Violation by JSW Steel in Raigarh

PTI reported that the National Green Tribunal has formed a five-member committee to probe into a plea alleging violation of environmental norms in running the industrial operations by JSW Steel at some villages in Raigarh district of Maharashtra. The committee would be headed by an officer of the rank of joint secretary, Ministry of Environment and Forests, nominated by the secretary MoEF and also comprise officials from the Central Pollution Control Board, IIT-Mumbai, district magistrate of Raigarh and members of the state pollution control board. A bench headed by NGT Chairperson Justice AK Goel asked the committee to look into the issues including compliance of the Water and Air Acts and Hazardous Waste Management Rules, destruction of mangroves and damage to agriculture, if any.

The bench said "It may also estimate the extent of environmental damage and the amount of compensation required and restitution plan (in case of non-compliance). The committee will be at liberty to take assistance from any other expert institution or individual and conduct proceedings online, except for site visit, if necessary.”

If the violations are found, the committee may also suggest the amount of compensation to be recovered apart from other restoration measures, the tribunal said while directing it to submit a report within four months via e-mail.

The tribunal was hearing a plea filed by Raigarh native Samita Rajendra Patil against violation of environmental norms by Jindal Steel Works Dolwi, Karawi, Gadab, KharKaravi, Kharmachela and Jui Bapuji villages and their surrounding areas. The case set out in the application is that the location of the plant in question adjoins the creek up to Dolvi village. Kharmachela and other villages are covered by mangroves which protect the environment in the area.

Source - Strategic Research Institute

voda 3 juni 2021 07:08

Russia Increases Steel Scrap Export Tax to EUR 70 Per Tonne

TASS reported that Russian government’s subcommittee on customs tariff and non-tariff regulation, protective measures in international trade has decided to increase the minimum export duty on scrap and iron and steel waste from EUR 45 per tonne to EUR 70 per tonne, as against Industry and Trade Ministry’s suggestion of EUR 90 per tonne. It said "The interest component of the duty will remain unchanged at 5% of the customs value. Meanwhile, the minimum duty will be changed from EUR 45 to EUR 70 per tonne for improving the efficiency of customs administration and preventing the undervaluation of the customs value in exports. Consequently, the rates of export customs duties on waste and ferrous scrap will amount to 5%, but no less than USD 70 per tonne.”

The decision was taken on May 25. The move follows the growth of global prices for those products and is expected to allow keeping their sufficient volume on the domestic market.

In 2020, exports of ferrous scrap from Russia rose by 15% to 3.8 million tonnes. An increase in duties allowed the reduction of exported volumes of scrap as it dropped 4.5-fold from February to April to 194,000 tonnes. However, the global trends of growing scrap metal prices have again been to the benefit of rising scrap exports.

Source - Strategic Research Institute

voda 3 juni 2021 07:08

GFG Alliance Crisis Halts Trials UK Steel Digitalization Project

The Mail reported that a state-funded steel technology trial costing GBP 10 million has been suspended amid fears over Mr Sanjeev Gupta’s embattled metals empire. Trials of software to improve efficiency were to take place at two of Mr Gupta’s plants, but they are being put on hold. The scheme first tested so-called imaging tech at a mock-up plant at the Materials Processing Institute in Middlesbrough. The next phase would have involved Mr Gupta’s plants in Hartlepool and Stocksbridge near Sheffield.

The Teesside-based research and innovation centre Materials Processing Institute is playing a leading role in a GBP 10 million digitisation project that has the potential to transform UK industry. Through Government agency Innovate UK, five partners on the programme were awarded a combined GBP 3.9 million in grant funding. Materials Processing Institute is working alongside Liberty Steel Group’s Hartlepool Pipes mill, Stocksbridge-based Liberty Speciality Steels, Warwickshire-based Shiftec and TSC Simulation of Nottingham to create digital twins of the plants in order to demonstrate the huge advances that can be achieved within the production process. The project focuses on using camera and imaging technologies in conjunction with intelligent processing and machine learning to increase accuracy, including process characterisation, the creation of digital twins and intelligent interactive process models. The project seeks to highlight the benefits of introducing Industrial Digital Technologies to steel and other sectors serving strategic manufacturing and construction supply chains.

The Fourth Industrial revolution, also known as Industry 4.0, utilises IDT to enable the recording and analysis of data across machines for continuous improvement, creating a more cost-effective, efficient, flexible and faster process.

Source - Strategic Research Institute

voda 3 juni 2021 07:10

Probe Begins in EVRAZ Rocky Mountain Steelmill Explosion in Pueblo

The Pueblo Chieftain reported that 2 of the eight employees injured during an explosion at the EVRAZ Rocky Mountain Steel Mill on 29 April remain hospitalized as officials probe the site to try to determine the cause of the blast and assess the damage. The explosion occurred in an electric arc furnace. Evraz, vice president of operations at the Pueblo location Mr David Light told the Chieftain he believed the eruption was caused by water getting into the electrical furnace, causing pressure to build and ultimately erupt. In partnership with United Steel Workers and the Occupational Safety and Health Administration, EVRAZ has begun an investigation into the incident.

EVRAZ’s communications consultant and president of The Kenney Group media relations firm Mr David Kenney said “First and foremost, our thoughts and prayers are with our injured colleagues and their families. In the confusion of the immediate aftermath of the event, there was initial uncertainty as to the scope and severity of the event. This is a difficult time for all of us, we are saddened by the injuries to our team members and we will do everything we can to support them and their families through their recovery, while we work to identify and rectify the causes of this terrible event. OSHA has already been on site and has commenced their investigation. We have established a command center and operations, maintenance and engineering officials are working collectively to determine the precise cause of the explosion, assess damage and develop a time-table for repairs. The steel making portion of the mill where the explosion occurred is closed as they have their investigation and assess the damage. Other parts of the mill are still functional because we had steel in stock.”

The steel mill had been cited for putting employees at risk before. The Occupational Safety and Health Administration has issued citations against Evraz Steel Mill multiple times in the past for safety violations. The citations were mostly for not having proper safety protections in place, such as fire extinguishers and guardrails, or not routinely inspecting large, overhead cranes.

Source - Strategic Research Institute

voda 3 juni 2021 07:11

Australia Starts AD Probe on Rebar Imports from Taiwan

Australian Financial Review reported that an application from GFG Alliance’s InfraBuild to impose duties on steel bars exported from Taiwan. InfraBuild made a formal application for dumping duties to the Anti-Dumping Commission on Monday alleging steel bars have been sold in Australia at cheap prices, identifying two likely Taiwanese exporters Feng Hsin Iron and Steel Co Ltd and TS Steel Co Ltd. InfraBuild has alleged that steel distributors that buy its products are using the cheaper imported bars to negotiate lower prices. It claims that during quarters of rising volumes of dumped imports, there is a corresponding drop in quarterly sales volumes of Australian products, and that it has been unable to raise its prices sufficiently to maintain profits.

The commission said there appears to be reasonable grounds to support a finding that the Australian industry had experienced injury in the form of reduced market share. The commission will investigate exports of Taiwanese steel bars between April 2020 and March 2021 to determine whether dumping has occurred. If it finds there is substance to InfraBuild’s claims, it can impose interim dumping duties after 60 days. A recommendation will be made to the Industry Minister by November 3.

Australia’s housing construction sector and the renovations market are booming because of heavy demand triggered by the federal government’s HomeBuilder stimulus program, and ultra-low interest rates. The steel bars cited in the dumping application are used in commercial and residential construction, as well as mining and resource construction, engineering fabrication, manufacturing and transport.

But the move has shaken the Australian construction sector, which says any reduction in imports could push up prices of materials to build infrastructure and houses. Australian Steel Association CEO Mr David Buchanan said “The products cited in the action had been imported into Australia without any issues for decades. It’s not good timing while the industry is trying to recover from COVID-19; we’ve got our members screaming for products. When dumping is called, it has a chilling effect on the overseas mills and creates more shortages.”

InfraBuild operates a steel mill on the outskirts of Sydney at Rooty Hill, while a subsidiary, the Australian Steel Company, operates another mill at Laverton North on the fringes of Melbourne.

Source - Strategic Research Institute

voda 3 juni 2021 07:12

Alacero Appoints Mr Alejandro Wagner as New Executive Director

Latin American steel association Alacero announced that Alacero's General Management's transition took place throughout May. Mr Francisco Leal will return to Mexico for new professional challenges in the steel industry and Mr Alejandro Wagner will take over from June 2021. On May 18, he was elected by the Executive Committee and confirmed by the association's General Meeting. He is already involved in all the ongoing issues.

Mr Wagner has a long history in the steel industry and has also worked for the Government.

Source - Strategic Research Institute

voda 3 juni 2021 07:12

USITC Keeps AD&CVD on Welded Line Pipe Imports from Korea & Turkey

The US International Trade Commission has determined that revoking the existing antidumping and countervailing duty orders on imports of certain welded line pipe from Korea and Turkey would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time. As a result of the Commission’s affirmative determinations, the existing orders on imports of this product from Korea and Turkey will remain in place. The Commission has found a joint response to its notice of institution filed on behalf of American Cast Iron Pipe Company, Axis Pipe and Tube, California Steel Industries, IPSCO Tubulars Inc, Maverick Tube Corporation, Stupp Corporation, Tex-Tube Company and Welspun Tubular LLC, and Wheatland Tube Company, domestic producers of certain welded line pipe, to each be individually adequate.

The US Department of Commerce had decided to in March 2021 to keep anti-dumping duties on welded line pipes from South Korea and Turkey. The decision made by the USDOC was because it found that the withdrawal of the existing AD measure would be likely to lead to the continuation or recurrence of dumping. Therefore, the AD measure which was implemented in 2015 will continue to be imposed. The weighted-average dumping margin for South Korea was set at 2.53% to 6.22% and that for Turkey was at 4.1% to 12.52%.

This action comes under the five-year (sunset) review process required by the Uruguay Round Agreements Act.

The merchandise covered by these investigations is circular welded carbon and alloy steel (other than stainless steel) pipe of a kind used for oil or gas pipelines (welded line pipe), not more than 24" in nominal outside diameter, regardless of wall thickness, length, surface finish, end finish, or stenciling. Welded line pipe is normally produced to the American Petroleum Institute specification 5L, but can be produced to comparable foreign specifications, to proprietary grades, or can be non-graded material. All pipe meeting the physical description set forth above, including multiple-stenciled pipe with an API or comparable foreign specification line pipe stencil, is covered by the scope of these investigations. The welded line pipe that is subject to these investigations is currently classifiable in the Harmonized Tariff Schedule of the United States (HTSUS) under subheadings 7305.11.1030, 7305.11.5000, 7305.12.1030, 7305.12.5000, 7305.19.1030, 7305.19.5000, 7306.19.1010, 7306.19.1050, 7306.19.5110, and 7306.19.5150. The subject merchandise may also enter in HTSUS 7305.11.1060 and 7305.12.1060.

Source - Strategic Research Institute

voda 3 juni 2021 07:13

CFO Mr Håkan Folin to Quit SSAB

Swedish steel maker SSAB announced that Executive Vice President & CFO Mr Håkan Folin has decided to leave SSAB to take up the position of Executive Vice President and CFO at Epiroc. Mr Håkan has served as Executive Vice President and CFO and been a member of SSAB’s Group Executive Committee since 2013. Prior to this, he held a number of important roles globally at SSAB. Mr Håkan will leave SSAB towards the end of 2021 and an immediate start will be made with the recruiting process to find his successor.

Mr Håkan has had a long career with SSAB. He played an important role in the development and execution of the company’s strategy and in building a financially strong SSAB. Mr Håkan has also been involved in acquisitions such as IPSCO and Rautaruukki.

Source - Strategic Research Institute

voda 3 juni 2021 07:17

Arch Resources Joins ResponsibleSteel

Arch Resources Inc has joined ResponsibleSteelTM, the steel industry's first global not-for-profit multi-stakeholder standard and certification initiative. Arch is the first and only US metallurgical coal producer to join the organisation to date. Arch's CEO Paul A Lang said “Arch is committed to playing a vital role in building a sustainable global economy. We view ResponsibleSteel as a valuable forum for collaborating with our steelmaking partners as they endeavour to create a more ESG-compliant value chain, and as they seek to lower and ultimately reduce to zero, the carbon intensity of the steelmaking process.”

Arch believes that a significant amount of new steel will be required in a de-carbonising world, given steel's importance in urbanisation, infrastructure replacement, and the construction of essential de-carbonisation tools such as mass transit systems, wind turbines, and electric vehicles. At the same time, Arch believes that its own high-quality metallurgical products can assist steel producers in achieving incremental reductions in the overall carbon intensity of their manufacturing processes. Metallurgical coal – in combination with iron ore – is an essential input in the production of primary steel.

Source - Strategic Research Institute

voda 4 juni 2021 07:32

Source - Strategic Research Institute

Reuters reported that according to documents obtained by French online media Contexte, the European Union plans to impose carbon emission costs on imports of goods, including steel. The leaked documents show that proposal will be a regulation, setting up a carbon border adjustment mechanism authority with the measure being phased in from 2023 and a full implementation from 2026. It would apply to steel, iron, cement, fertilisers, aluminium and electricity, according to the documents, which spell out the calculations for embedded emissions in products. It will cover both direct emissions, those involved in the production which the producer has direct control over, including emissions from the production of heating and cooling consumed during the production process and indirection emissions, electricity consumed during the production process of goods.

Importers will need to provide data for imported goods, including a unique identifier assigned by the CBAM authority, the type and quantity, country of origin and what calculation has been used. Importers would be required to buy digital certificates, with each one representing a tonne of carbon dioxide emissions embedded in their imported goods. The price of the certificates will be linked to the cost of permits in the EU carbon market and based on the average price of auctions of EU carbon permits each week.

According to the document, it will not apply to countries within the customs union Iceland, Liechtenstein, Norway and Switzerland. Nor will it apply to EU territories. If countries have similar carbon pricing to Europe, it would also not apply. But countries with high climate ambition, like the US and the UK, are not automatically exempt.

The European Commission is due to propose its carbon border adjustment mechanism on July 14, a move designed to put EU firms on an equal footing with competitors in countries with weaker carbon policies than those of the bloc.

Source - Strategic Research Institute

voda 4 juni 2021 07:54

Tenaris Starts New Premium Line at Algoma Tubes in Canada

Tenaris’s new premium connections line at its Algoma Tubes mill in Sault Ste Marie in Ontario is now operational, adding capacity and product range to the company’s operations in Canada. Tenaris recently completed its first commercial order following the line’s production start last month. The premium line was part of an overall $36M CAD investment first announced in July 2019, and its development was also supported by contributions from the federal and provincial governments.

With the investment, Tenaris threads high quality OCTG products, such as TenarisHydril Wedge and Blue Series connections, expands capacity for sour service grades and adds new diameters to the company’s product portfolio.

Tenaris is currently carrying out an CAD 81 million investment, also supported by the three levels of government, to centralize its pipe production, incorporating new and upgraded equipment, including the installation of an electric resistance weld line, offering our oil and gas customers additional grades of welded pipe and premium connections. With ERW and seamless production under a single roof, Tenaris will also improve productivity, enhance quality and reliability processes, and streamline supply chain logistics in Canada.

Source - Strategic Research Institute

voda 4 juni 2021 07:54

Severstal & EVRAZ Sign Pact with Gazprom Neft for Decarbonisation

Russian steel makers Severstal & EVRAZ and Gazprom Neft have signed cooperation agreements on developing technologies to produce, transport, store, and use hydrogen and reduce emissions of carbon dioxide. As part of the agreement, the oil company will be sharing separately with Severstal and Evraz its best practices in CO2 disposal. The companies plan to jointly seek opportunities and technologies for capturing and utilizing carbon dioxide, as well as using hydrogen in metallurgical production and developing materials for its transportation and storage. They may implement joint technological projects in the field of decarbonisation, including through the transfer of production from hydrocarbon fuel to methane-hydrogen mixtures.

Gazprom Neft’s Deputy Chairman Mr Vadim Yakovlev said “We routinely dispose of CO2 by pumping it back into oil and gas reservoirs as part of our operations; we have accumulated significant experience of such projects and we are ready to share this expertise with our partners and the market at large. According to the available expert opinions, pumping CO2 back into reservoirs is indispensable for delivering on the global CO2 emissions reduction targets. We want to pool our competencies with steelmakers to develop green industrial technologies.”

Since 2015, Serbia’s NIS, a joint venture of Gazprom Neft and the Republic of Serbia, has implemented a project on collection and purification of high-CO2 natural gas at a number of deposits. Extracted CO2 is pumped back into the developed reservoirs at a depth of over 2,500 metres.

Severstal has committed to the goal of reducing 3% CO2 emissions by 2023 from the 2020 base, and this year it has set up a team dedicated to working with hydrogen and innovative decarbonization projects.

Evraz targets emissions from steelmaking operations in Russia and North America of 1.6 million tonne of CO2 equivalent per ton of steel by 2030, about 20% down from 1.97 million tonne in 2019-20.

Source - Strategic Research Institute

voda 4 juni 2021 07:55

NLMK Plans HBI Plant & Mine Expansion at Stoilensky

NLMK Group, the Belgorod Region administration and the Russian Ministry of Industry and Trade have signed a Memorandum of Intent for a project to construct a new metals and mining facility at the Stoilensky Mining and Beneficiation plant. The project is based on the most advanced and environmentally friendly technologies, and encompasses the development of several production stages and mastering a new product for the company, hot-briquetted iron. The project covers the expansion of the existing open-pit mine to increase iron ore output from 43 million tonnes to 67 million tonnes per year, the construction of new beneficiation capacities for a total of 10 million tonnes of concentrate, a pelletizing plant with a capacity of 9 million tonnes of pellets, and an HBI shop with a capacity of 2.5 million tonnes of HBI.

The new facility will be built with the strictest environmental norms in mind. It will employ the best available technologies ensuring that the environmental impact of production is minimized: gas purification systems, a closed loop water system, reuse of waste, conveyor transport in the open-pit mine, etc.

The project is set to create up to 1,300 new high-tech jobs. Investment will total approximately 250 billion rubles. Project implementation is planned for 2024-2027, with step-by-step commissioning scheduled for 2027-2028.

Source - Strategic Research Institute

voda 4 juni 2021 07:56

European Fastener Distributors Concerned over AD Duties on China

The European Fastener Distributor Association has raised concerns on the possible decision of the European Commission to impose provisional antidumping duties on the imports of iron and steel fasteners from China, highlighting that the EU economy is already threatened by fastener shortages. EFDA President Dr Volker Lederer said “With antidumping duties on Chinese fasteners, the supply of screws and other fasteners to the European economy could no longer be ensured. High capacity utilization, raw material shortages and shipping problems have already thrown international supply chains into unprecedented chaos, making it impossible for European fastener distributors to supply European industry, trade and crafts with fasteners in time., commented, adding that the EU would create the ‘perfect storm' if it were to impose additional duties on imports of iron and steel fasteners from China.”

Dr Lederer added "Pandemic travel restrictions make it impossible for European importers to conduct the visits and audits required for new suppliers. Raw material shortages, such as steel or wire rod, are exacerbating the supply problems. The continuing global logistics problems in maritime shipping with container shortages and the effects of the crisis at the Suez Canal mean that what little is available can only reach Europe with significant delays and extra costs. Purchasing in Europe is also ruled out as an alternative. European manufacturers are not having any free capacities and would never be able, nor willing, to produce the quantities of standard fasteners necessary to satisfy the demand of European industry."

On 21st December 2020, the European Commission initiated anti-dumping investigation concerning imports of iron and steel fasteners from the People s Republic of China. At the end of the procedure, protective duties on fasteners could be imposed, as was already the case from 2009 to 2016.

The products under investigation are currently classified under CN codes 7318 12 90, 7318 14 91, 7318 14 99, 7318 IS 58, 7318 15 68, 731815 82, 7318 IS 88, ex 7318 IS 95 (TARIC codes 7318 IS 95 19 and 7318 15 95 89), ex 7318 2100 (TARIC codes 7318 2100 31, 7318210039, 7318210095 and 7318210098) and ex 7318 22 00 (TARIC codes 7318 22 00 31,7318 22 00 39,7318 22 00 95 and 7318 22 00 98).

Source - Strategic Research Institute

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Vertraagd	20 mei 2024 17:39
Koers	24,170
Verschil	-0,100 (-0,41%)
Hoog	24,670
Laag	24,150
Volume	1.919.360
Volume gemiddeld	2.540.437
Volume gisteren	2.399.653

ArcelorMittal nieuws

02 mei	Beursblik: resultaten ArcelorMittal b...
02 mei	AEX gaat hogere opening tegemoet, ter...	4
02 mei	Meer omzet en hoger resultaat bij Arc...
01 mei	Lagere winst ArcelorMittal verwacht
23 apr	Mondiale staalproductie daalt toch weer
16 apr	Deutsche Bank haalt ArcelorMittal van...
12 apr	Video: cyclische aandelen bieden kansen
09 apr	World Steel Organisation ziet vraag n...
22 mrt	Mondiale staalproductie in de lift
12 mrt	ArcelorMittal neemt groot belang in V...

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