Nieuws en info hier plaatsen (deel 4)

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JFE to Build Monopile Capacity for Offshore Wind Power Generation

In offshore wind power generation, JFE Engineering will be engaged in monopile design and manufacturing and JFE Steel will supply thick, high-welding-efficiency heavy steel plates for monopiles. JFE Shoji will build a supply chain for steel and processed products and will provide key information and other expertise when the business expands into Taiwan, Southeast Asia, and elsewhere. In O&M, it intends to bring entire group’s knowhow to bear in generating synergies.

It estimates that the monopile market will be about 100,000 tons/year at startup in around FY2024, and then about 160,000 tonnes per year from around FY2027 before rising to 200,000 tonnes per year in the 2030s as the number of deep-water projects increases. JFE Engineering aims to do 80,000-100,000 tonnes per year of business by acquiring a 50% share of this market.

Offshore wind power foundation structures, projects such as the one off the coast of Japan’s Akita Prefecture are currently using materials imported from Europe.

Source - Strategic Research Institute
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Mechel’s Izhstal Overhauls Rolling Mill 450

Russian miner & steel maker Mechel Group’s Izhstal PJSC has completed a major overhaul of rolling mill 450 in Udmurt Republic in Russia, which produces more than 30% of the total volume of rolled products produced by the plant. The specialists strengthened the metal structures, replaced the worn out parts and assemblies, restored the refractory protection of the inner space of the heating furnaces of the mill, and repaired the hydraulic and electrical systems. Much attention was paid to the state of power equipment, including the main drive of the finishing group of stands.

Mill 450 produces round, square and strip sections from the entire range of steel grades smelted by the plant, including special ones. For 5 months of this year, 57 thousand tonnes of metal were rolled on it, which is 6% more than last year. The mill's products are shipped to Russian and foreign automobile and machine builders.

Source - Strategic Research Institute
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OMK Chusovoy Plant Clears Audit by KAMAZ PTC

The Chusovoy plant of the United Metallurgical Company OMK has successfully passed the audit of KAMAZ PTC as a supplier of spring products. At the site of the OMK plant in Chusovoy, an expert of the Kama Automobile Plant conducted a reclassification audit using a specialized checklist for the development of existing suppliers. We assessed how the enterprise is working on improvements, carrying out equipment maintenance, eliminating losses, and carrying out production processes. As a result of the audit, the company has reached the target of more than 80%. The expert noted logistics management, sales, personnel training and equipment maintenance as strengths.

OMK Plant Chusovoy Managing Director Mr Azat Imamov said “The Kama Automobile Plant is a key domestic consumer of our products. We have in the production of more than 30 serial types of springs for KAMAZ vehicles, there are also custom-made springs for sports cars of the automobile plant - they are distinguished by their unique design and high manufacturing accuracy. Every year our process engineers, depending on the order for the development of new models, master from 2 to 6 types of springs for the Kama Automobile Plant and work on improving the existing ones. The requirements for suppliers of products at the car plant correspond to the level of world automotive standards, which we strive to meet as much as possible. Our long-term cooperation and the results of the customer's audit confirm this.”

Source - Strategic Research Institute
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Wereldwijd weer veel meer staal geproduceerd
Bijna 17 procent meer productie in mei.

(ABM FN-Dow Jones) De mondiale staalproductie is ook in mei met dubbele cijfers gestegen. Dit bleek dinsdag uit cijfers van brancheorganisatie World Steel Association.

In totaal maakten de 64 staalproducerende landen in mei 174,4 miljoen ton staal, een stijging van 16,5 procent op jaarbasis.

In China, wereldwijd met afstand de grootste fabrikant van staal, steeg de productie met 6,6 procent tot 99,5 miljoen ton.

De Japanse productie steeg afgelopen maand met ruim 42 procent en de Verenigde Staten produceerden zelfs bijna 48 procent meer staal dan een jaar eerder.

Duitsland zag de productie met 35,5 procent stijgen.

Door: ABM Financial News.

info@abmfn.nl

Redactie: +31(0)20 26 28 999
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Nel Hydrogen Electrolyser Joins H2 Green Steel in Sweden

Nel ASA’s Nel Hydrogen Electrolyser has entered into collaboration for a fossil free hydrogen facility in Hofors in Sweden, together with partners Ovako, Volvo, Hitachi ABB and H2 Green Steel. The initiative will focus on developing a fossil-free steel production facility, with the intention of taking the first step towards creating a future hydrogen infrastructure for the transport sector. The investment of approximately SEK 180 million is supported by the Swedish Energy Agency via the Industriklivet initiative and will create significant benefits for wider society from multiple perspectives.

The conversion to hydrogen will enable reduction of CO2 emissions for steel production in Hofors by 50% from already low levels. The plant can be used flexibly and can therefore support the stability of the electrical grid, which in turn will permit more use of renewable energy sources. Additionally, it will be a step in the direction of developing a hydrogen infrastructure for the transportation sector, with locally produced fossil-free hydrogen for fuel cell vehicle trucks.

Nel is a global, dedicated hydrogen company, delivering optimal solutions to produce, store, and distribute hydrogen from renewable energy. We serve industries, energy, and gas companies with leading hydrogen technology.

H2 Green Steel will be a large scale steel producer based on a fossil-free manufacturing process targeting large European OEMs. H2GS will be located in the Boden-Luleå region in northern Sweden that offers unique conditions for fossil-free steel production. The project includes a giga-scale green hydrogen plant as an integrated part of the steel production facility. Production will begin in 2024 and by 2030, H2GS will have annual production capacity of five million tons of high-quality steel. H2GS is built on the experience and lessons learned from the establishment of Northvolt. This initiative has been developed in close collaboration between Vargas, and several strategic and financial investors that are global leaders in sustainability and digitalisation. H2GS has raised USD 105 million in Series A equity. The Series A round investors include Altor Fund V, Ane & Robert Maersk Uggla, BILSTEIN GROUP, EIT InnoEnergy, Exor, FAM, IMAS Foundation, Kingspan, Marcegaglia, Mercedes-Benz AG, Scania, SMS Group, Stena Metall Finans, Cristina Stenbeck, Daniel Ek, and Vargas.

Source - Strategic Research Institute
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Tata Steel Europe CEO Warns on Removal of Steel Safeguards in UK

The Mirror reported that Tata Steel Europe CEO Mr Henrik Adam lashed out at British Government plans to axe vital safeguards against cheap foreign imports. Mr Adam told the UK Parliament’s Commons Business, Energy and Industrial Strategy Committee “It's a step in creating a dis balance between the EU and UK because the EU is extending all safeguards for all products. We have provided clear data and arguments to the TRA that unfortunately were not accepted. The TRA has disregarded the interconnectedness of steel because it is exposing a set of products and jeopardising the viability of our steelmakers as a whole.”

Following a review, UK’s Trade Remedies Authority has published its final recommendation to UK’s Secretary of State for International Trade on the future of the UK’s steel safeguard measure in mid June. After reviewing available evidence, the independent body has recommended the extension of the UK steel safeguard measure across 10 product categories for a further three years and the revocation of the measure across nine product categories.

Non Alloy Wire

Non Alloy and Other Alloy Wire Rod

Stainless Wire Rod

Non Alloy and other alloy cold finished bars

Stainless Bars and Light Sections

Angles, Shapes and Sections of Iron or Non Alloy Steel

Non Alloy and Other Alloy Merchant Bars and Light Sections

Non Alloy and Other Alloy Quarto Plates

Tin Mill products

British Government is expected to follow the advice. UK’s International Trade Secretary Ms Liz Truss is expected to decide within days whether to accept the TRA's advice to axe safeguards. A Government spokeswoman said “The Trade Secretary's decision on the recommendation will be published before the measure is due to expire on June 30, 2021.”

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

Source - Strategic Research Institute
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Steel Mills Urge Odisha CM’s to Double OMC Production of Iron Ore

Orrisa Post reported that Jajpur Odisha based Kalinganagar Industries Association and the Associated Chamber of Commerce and Industries of India have given a proposal to Odisha Chief Minister Mr Naveen Patnaik to take steps to bring the mines that have been auctioned but are yet to be made operational under Odisha Mining Corporation. They said that the present crisis faced by the steel plants due to shortage of iron ore could be solved once the mines are brought under the OMC and made operational. According sources, OMC has to increase its production from 13 million tonnes annually to 26 million tonnes to make up for the scarcity and and control the price of iron ores. They have demanded that OMC produce 11 million tonnes iron ores annually from its Jiling and Guali mines and 15 million tonnes annually from Daitari, Gandhamardan and Koida mines.

According to available data, iron ore production in the state was 142 million tonnes in the financial year 2019-20. In 2020-21, it reduced by 31 million tonnes and stood at 111 million tonnes. Similarly, 17.4 million tonnes iron ore was exported in the financial year 2019-20. Out of the total production of 111 million tonnes iron ores in 2020-21, OMC had produced only 13 million tonnes. On the other hand, steel plants owning mines like Tata Steel, SAIL, JSW Steel, ArcelorMittal and JSPL had produced 65 million tonnes.

In 2020-21, exports increased to 29 million tonnes, resulting in a scarcity of 42 million tonnes iron ore and an inordinate increase in its price. While the price of iron ore was INR 2,200 a tonne in June 2020, it increased to INR 12,000 in June 2021.

At the same time, the industrial houses have expressed their concern over some industries that have been awarded mines in auctions but are yet to start production. The KNIA and Associated Chamber of Commerce and Industries of India have proposed that these mines should be brought under OMC and production be started to tide over the situation.

Source - Strategic Research Institute
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Court Sides with US Steel for Reporting Pollution at Clairton

Court House News reported that Philadelphia based US Circuit Judge Stephanos Bibas ruled after two fires at its steel plant released harmful pollutants, it was enough for US Steel to give Pennsylvania authorities a heads up as reporting on top of that would have been overkill. He wrote “Since US Steel’s emissions were governed by a Clean Air Act permit, that means they were ‘federally permitted’ under CERCLA and thus exempt from federal reporting. The act’s cooperative federalism left the response to the state. And US Steel remains subject to liability for its hazardous releases.”

US Circuit Judge David Porter concurred, as did US Circuit Judge L Felipe Restrepo

US Steel spokeswoman Ms Amanda Malkowski said “We respect the Third Circuit Court’s unanimous ruling that US Steel made the appropriate notifications under the law. Environmental stewardship is a core value at US Steel. Following the December 24, 2018, fire at our Clairton plant, we made prompt notifications as required by our operating permits and the Clean Air Act.”

The first fire occurred on Christmas Eve 2018, crippling air pollution controls at plant in Clairton in Pennsylvania, operated by the US Steel subsidiary Mon Valley Works and causing a three-month release of harmful emissions over the Pittsburgh suburb. Among the gasses released were Benzene, and hydrogen sulfide, which smells of rotten eggs, plus coke from the large ovens. Just three months after the plant got going again, however, there was another fire.

It is not disputed that US Steel promptly reported the incidents to local authorities as required by the Clean Air Act. Where the Pittsburgh-based steelmaker erred, according to a complaint filed by the Clean Air Council, was in failing to notify the National Response Center under the federal Superfund law known as CERCLA or the Comprehensive Environmental Response, Compensation and Liability Act.

Source - Strategic Research Institute
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MMK to Modernize Coke Oven Battery No 12

Russian steel maker MMK is planned to build a coke oven battery No 12 with a production volume of gross dry coke up to 2.5 million tonnes per year. The design documentation, which received a positive conclusion from the Glavgosexpertiza of Russia, provides for the construction of a complex of coke oven battery No 12 in two stages. At the first, it is planned to build two blocks of a coke oven battery with two dry coke quenching units, one desulfurization and denitration unit. At the first stage, a coal preparation shop, a liquid ammonia warehouse, coke sorting facilities, an air compressor station, a fire pumping station and engineering facilities for coke oven battery No 12 will also be built. Its capacity under autonomous operation will amount to 1.25 million tonnes of coke per year. At the second stage, two more blocks of a coke oven battery with technological units will be built. The increase in production during the commissioning of the second stage will amount to 1.25 million tonnes of coke per year.

Coke oven battery No. 12 with a capacity of 2.5 million tons of dry coke per year will enable MMK to disable five morally and physically obsolete batteries, reduce gross emissions by 11,350 tonnes per year, benzopyrene and formaldehyde by 9-12 times. The cost of this project is about 60 billion rubles

General designer is a branch of LLC Sinostil Equipment and Engineering Co Ltd in the city of Magnitogorsk and the developer of the design documentation is MAGNITOGORSK GIPROMEZ JSC.

Source - Strategic Research Institute
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Liberty Steel UK CFO Grilled in UK Parliament’s Committee Hearing

City AM reported that Liberty Steel’s UK Chief Financial Officer Mr Anton Krull, in an awkward appearance before UK Parliament’s Commons Business, Energy and Industrial Strategy Committee, after failing to answer a number of questions, confirmed that he was the firm’s chief financial officer and that some of Liberty Steel’s assets were facing challenges. Mr Krull told “His role was to assist the businesses to produce strategic business plans and forecasts, and that issues such as company debt were controlled centrally by executives closer to Gupta. I am the CFO, but that doesn’t extend to the balance sheet in terms of the capital structure. His remit did not extend to the balance sheet in terms of the capital structure. I would say probably the larger businesses are challenged, and some of the smaller businesses are operating reasonably profitably.”

He also admitted to not having had dealings with King & King, a firm of chartered accountants who have audited many of Mr Sanjeev Gupta’s firms. He told “I haven’t met King & King, I haven’t dealt with them. Others at GFG deal with the auditors.”

Asked if before joining Liberty Steel he thought that King & King might not have the capacity to carry out the audit for a billion-dollar enterprise, Mr Krull said “It did occur to me.”

He added “I think going forward my own view is that it’s critical that there’s a consolidated view of Liberty Steel UK that’s presented, and made clear and is credible, and certainly, I think it’s appropriate always for rotation of audit firms to occur.”

A Tory MP on the committee Mr Richard Fuller said “It is totally unacceptable when so many issues around the viability of the business relate to financial matters at GFG that they sent people who were patently incapable, for good reasons, of answering even the most basic questions.”

Mr Darren Jones, the Labour MP who heads the committee, said he was concerned that it is unclear who in Liberty Steel was responsible for asserting that each individual business was a viable going concern.

Source - Strategic Research Institute
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NUCOR-JFE Steel Mexico Grants FAC for HDG Line from SMS GROUP

NUCOR-JFE Steel Mexico has granted SMS group the final acceptance certificate for the new continuous galvanizing line built in Silao in Mexico. SMS group supplied the plant and was responsible for engineering and technology as well as electrical and automation systems. The hot-dip galvanizing line is designed for 400,000 tonnes of hot and cold rolled steel strips per year, most notably deep-drawing grades and high-strength steels for the automotive industry, including modern dual-phase steels. The supply scope also included a recoiling and inspection line.

The cleaning section consists of efficient vertical electrolytic cleaning and rinsing cells and horizontal brushing machines. The advanced furnace technology from Drever International allows economical production of high-strength material. The furnace comprises a powerful rapid gas jet cooling system, which offers upgrade possibilities. The skin pass mill ensures optimized surface roughness and slight elongation.

NUCOR JFE Steel Mexico is a 50-50 joint venture of Nucor Corporation, USA, and JFE Steel Corporation, Japan, which operates the plant in central Mexico to supply that region’s automotive market.

Source - Strategic Research Institute
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NMDC Reports Impressive Performance for 2020-21

India’s largest iron ore producer NMDC has produced 34.15 million tonnes and sold 33.25 million tonnes of iron ore during the financial year 2020-21. This is an 8% growth in production and 6% in sales from the 31.49 million tonnes produced and 31.51 million tonnes sold during FY 2019-20, achieved in an undoubtedly challenging year. NMDC’s turnover for FY 2020-21 is INR 15,370 crore against INR 11,699 crore during FY 2019-20, registering a growth 31%. Profit before Tax for FY 2020-21 is INR 8,902, a 45% increase from the INR 6,122 crore during FY 2019-20. Profit after Tax at INR 6,253 for FY 2020-21 similarly reflects a growth of 73% from the INR 3,610 crore achieved in FY 2019-20.

NMDC CMD Mr Sumit Deb said “This has been an excellent year for the iron and steel sector and it gives me great pride to share these impressive results achieved by Team NMDC, in a year that has been challenging for the economy more than one reason. All forecast suggests the global rally in the sector will continue in FY 2022 giving us confidence to achieve our targets for FY 2022 while pushing certain exciting initiatives that will bring in lasting improvement to efficiency and performance.”

Source - Strategic Research Institute
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Help Sought from Spirits & Traditional Beer Brewed to Revive ZISCO

ZW News reported that a secretive traditional ceremony was held on 18 June graced by a prominent sangoma, traditional healers of Southern Africa & practitioners of traditional African medicine in Southern Africa, for overturning the fortunes of the fallen steel giant, preceded by the brewing of traditional beer at Cactus Dam located on the south western side of Redcliff town in Zimbabwe in a show of desperation that could best explain the magnitude of the appetite to expeditiously resuscitate the perennially defunct Ziscosteel. A source told “The desperation has now reached alarming levels and former employees were summoned to attend the ceremony. Initially, they had decided that the traditional beer be brewed at the Green Dam, near the ZISCO plant but their n’anga, Muponda said a bigger dam was what the spirits had ordered and they ended up settling for Cactus Dam.”

Spiritual leader Muponda reportedly presided over the traditional ceremony as pressure continues to mount on President Mr Emmerson Mnangagwa’s Zimbabwe Government to bring sanity to the steel producing giant.

This is actually not the first time that management has decided to take the spiritual route in order to revival ZISCO. At one time, they visited Chief Ntabeni to brief him over the matter but he warned them against doing so

Once revered as a powerhouse in Africa, Ziscosteel has now become a pale shadow of its former self and efforts to resuscitate the company have continued to hit a brick wall.

Source - Strategic Research Institute
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EUROFER Analysis of EU Steel Sector Performance in 2020

Eurofer’s Director Market Analysis & Economic Studies Mr Alessandro Sciamarelli has highlighted the market condition, supply & demand and consumption of steel in Europe in 2020 for 2020 in EUROFER’s Annual Report. He wrote “Crude steel production in the EU28 was 139.3 million tonnes in 2020, a drop (-11.5%) compared to production in 2019. This decrease reflected a continued deterioration in demand from steel-using sectors that had materialised throughout 2019 and worsened dramatically over the second half of 2020 due to the onset of the COVID pandemic. This was coupled with fierce competition in the domestic EU market, as well as on the EU’s main export markets. In 2020, apparent steel consumption in the EU amounted to 136 million tonnes, a drop of -11.1% (the second in a row, further to -5.3% in 2019) compared to 2019. Imports decreased (-17%) down to 29 million tonnes and held a 21% share of the market. The pronounced drop seen over the entire 2020 was mostly due to the lows seen in the second quarter. This was the quarter that saw the most severe COVID lockdowns. These led to an almost complete stop in industrial activity across the EU and plummeting demand.”

The substantial deterioration in business conditions due to the pandemic merely added to existing downside factors that had already seriously depressed steel demand over the preceding quarters. Uncertainty about near-term business conditions, weak demand from the manufacturing sector and continued stock reduction to record lows resulted in quarterly falls in apparent consumption from the first quarter of 2019 to the first quarter of 2020. From the third quarter, the recovery in the industry and the rebound in orders has translated into a pick-up in steel demand, albeit at historically low levels, well below the levels observed in 2018. However, it paves the way for more stable recovery over the course of 2021. After the removal of lockdown measures over the third quarter of 2020, EU apparent steel consumption had continued to fall (-10.4%) year-on-year in the third quarter of 2020, despite a quarter-on-quarter rebound from the record low seen in the second quarter. This trend, coupled with revived demand from steel-using sectors (stronger than expected for automotive and domestic appliances in particular), led to a year-on-year growth (+3.3%) over the fourth quarter of 2020, reaching 35.2 million tonnes. This marked the first quarterly growth in apparent consumption since the fourth quarter of 2018. Over 2021 apparent steel consumption is expected to continue to improve, thanks to a stable recovery in demand from manufacturing industry. Some uncertainty factors, however, are likely to remain in place over the course of 2021. These include fragility in the EU economic recovery, slow implementation of vaccination plans, persistent volatility on commodity and raw material markets and transportation costs.

Meanwhile, domestic deliveries by EU steel suppliers fell (-9.7%) compared to 2019, marking the second consecutive decline in yearly terms after 2019 (-4.2%).

In 2020, total imports of steel products into the EU including semi-finished products decreased (-17%), further to a decrease in 2019 (-11%). Imports of finished products fell (-15% in 2020; -13% in 2019), due to a drop imports of flat products (15% in 2020; -10% in 2019) and a fall in imports of long products (-16% in 2020; -21% in 2019). The main countries of origin for flat product imports to the EU in 2020 were Turkey, South Korea, India, the Russian Federation and Ukraine, together accounting for 64% of total flat product imports into the EU. At the individual product group level, in particular, imports of organic coated sheet, hot-rolled wide strip, hot-dipped galvanised sheet and quarto plate all dropped over the year 2020 compared to 2019. The main countries of origin for long product imports into the EU in 2020 were the Russian Federation, Turkey, Belarus, Ukraine, Switzerland and China. These countries accounted for a share of 59% of total long products imports into the EU. All long product imports were significantly lower in the whole 2020 than in 2019. The sharpest falls were recorded for wire rod, merchant bars and heavy sections.

Despite the extreme weakness of steel demand due to the COVID-19 pandemic and the effects of safeguard measures, the risk of import distortions threatening the fragile balance between supply and demand on the EU steel market is likely to remain even post-COVID. The growth scenario forecast for EU apparent steel consumption is still subject to uncertainty. The global steel market continues to suffer from overcapacity and the proliferation of trade distortions. These will represent a threat to EU steel market stability even after the end of the pandemic. Given this reality, the EU steel safeguard remains an essential tool to prevent damaging import-led disruption to the internal market.

Total EU steel product exports to third countries fell in 2020 (-18%) compared to 2019. Exports of finished steel dropped (-17%). Underlying data for flat and long product exports show decreases (-17% and -16%). The main export destinations for EU steel exports over the fourth quarter of 2020 were Turkey, United States, Switzerland, China and Algeria, followed by Egypt and the Russian Federation. These main five destinations together accounted for 41% of total EU finished product exports over this period. Over the entire year 2020, exports of finished products to China rose (+18%) and so did exports to Egypt (+9%). By contrast, exports to Turkey dropped (-13%) and so did exports to the Russian Federation (-38%) and Algeria (-44%), as well as exports to the US (-33%). Exports to Switzerland decreased much less significantly (-8%).

The total EU trade deficit narrowed from 10.5 million tonnes in 2019 to 8.8 million tonnes in 2020 (2.5 million tonnes for finished products, unchanged compared to 2019). There was a deficit for flat products and a surplus for long products. The net trade deficit in flat products decreased from 4.1 million tonnes to 3.8 million tonnes in 2020. The trade surplus in long products also decreased from 1.6 tonnes in 2018 to 1.3 million tonnes in 2020.

As far as the trade deficit with individual trade partners is concerned, the largest trade deficit in finished products in 2020 was with Russia with a deficit of 2.7 million tonnes, followed by South Korea with 2.5 million tonnes and Ukraine with 1.3 million tonnes. The trade position with Turkey improved as the trade deficit has decreased from 1.8 million tonnes in 2019 to 684 kilotonnes in 2020. The major destination countries for EU finished steel exports with a trade surplus in 2020 remained the US, Switzerland and Algeria.

Source - Strategic Research Institute
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Acciaierie Italia to Present Green Steel Plan for ILVA

Acciaierie d’Italia announced that it is ready to present, together with its industrial partners Fincantieri and Paul Wurth former Italimpianti, the plan proposal for the ecological transition of the whole hot area of the Taranto Plant through the implementation of innovative and environmentally friendly technologies, with the objective of a progressive and constant reduction of emissions, even beyond the current requirements. The plan is a multiyear project in line with the targets of ecological compatibility as established by the European Union on climate change and energy impact, and is sub dived into several phases in order to allow an accurate measurement of the results being reached. The goal is the production of Green Steel in Italy. Acciaierie d’Italia is available to verify the plan proposal of ecological transition and industrial transformation with all the stakeholders, from Authorities to local community, the Unions and contractors.

The announcement came after the Council of State, Italy's highest administrative court, quashed a regional administrative court's ruling to shut down the plant. The State Council, upon the outcome of the hearing held on 13th May 2021, has published the decision to cancel the sentence of TAR Lecce no 249/2021. Therefore, the possibility to shut down the hot area of the Taranto plant of Acciaierie d’Italia and stop the related installations has come to an end, and their production activity will continue regularly. The Council of State court said in that the Taranto city order calling on the plant to be shut down due to high air pollution levels was illegitimate in the absence of the conditions of necessity and urgency. The administrative judges added that the city order overlapped the ways in which, ordinarily, situations of environmental pollution and health risk are managed.

Industry Minister Giancarlo Giorgetti welcomed the ruling saying an industrial project to clean up and boost production, saving jobs, could now move forward.

Once the largest steel producer in Europe, the factory emitted a lethal cocktail of carcinogenic dioxins and mineral particles for more than half a century that doctors say has caused a surge in cancer rates in the adjacent city of Taranto. The government took control in 2015 to safeguard jobs and reached a deal to sell the plant to ArcelorMittal in 2018. However, this is being renegotiated, with the state likely to become the main shareholder as environmental concerns remain.

Source - Strategic Research Institute
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Argentina Implements Steel Price Control for Construction Sector

Argentinian steelmaker ArcelorMittal’s Acindar and Ternium Argentina have joined a government program that sets reference prices for civil construction products until year end. Argentina’s Secretary of Domestic Commerce of the Nation Ms Paula Español has signed an agreement on reference prices of materials and supplies for construction throughout the country. Through an agreement with the most important companies in the sector, such as Acindar, Ternium, Loma Negra, Cemento Avellaneda and PCR, reference values are established until the end of the year with a bimonthly review and renewal. In order to provide a signal of stability and offer products at agreed prices, the new program includes sheets, steel products, lime and cement. The prices of these items are reference values and not offer values, with the aim that consumers have available guidance when making their purchases and can act with predictability. They will be available in throughout the country.

1. Rods ADN 420 6MM 12MTS - USD 711 - Acindar

2. Rods ADN 420 8MM 12MTS - USD 1,181 - Acindar

3. GC sheet 0.4mm Z180 - USD 1,450-1470 - Ternium

4. Mini mesh Q131-3MTSX2,4 5 5 150X150 - USD 3,083 - Acindar

Ternium Argentina Commercial Director José del Boca said “With the commitment that we signed to disseminate a suggested price at the resellers' counters, Ternium continues to coordinate measures with the Ministry of Domestic Trade to contribute to the sectorial efforts, accompany demand and needs, in this context of industrial recovery.

Acindar IR Manager Facundo Velasco said that "with this agreement we conclude an extensive work with the Secretary of Commerce that will allow us to establish the conditions to offer products to the corralones in a competitive and immediate way".

Source - Strategic Research Institute
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ArcelorMittal reportedly hikes steel coil prices by €30/ton

Jun. 24, 2021 4:57 PM ETCLF, MT...By: Carl Surran, SA News Editor14 Comments

ArcelorMittal (NYSE:MT) has raised steel coil offers by another €30/mt, following a lull of more than three weeks from the steady stream of price hikes until the end of last month, S&P Global Platts reports.

The new offer would price hot-rolled coils delivered across Europe at €1,200/mt as well as cold-rolled and hot-dipped galvanized delivered across Europe at €1,350/mt.

Separately, Argus Media reports Nucor (NYSE:NUE) increased plate prices by $120/st to $1,440/st fob mill for August tons, and Cleveland-Cliffs (NYSE:CLF) is said to have raised plate pricing to $1,590/st fob mill for September tons.
Shares of steelmakers closed with strong gains today after President Biden announced a deal was reached on an infrastructure plan.

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ArcelorMittal increases steel coils prices by Eur30/mt

Europe's biggest steelmaker ArcelorMittal has increased steel coil offers again by Eur30/mt, after a temporary respite from the steady price rises occurring up until end-May, sources told S&P Global Platts June 24.

The new offer prices at Eur1,200/mt delivered across Europe for hot-rolled coils and Eur1,350/mt delivered across Europe for cold-rolled and hot-dipped galvanized come at a time when the Northern European market has been strengthening while the Italian market is seeing some import pressure.
Sources confirmed they had received new asking prices by ArcelorMittal. However, the steelmaker had not officially confirmed the latest price rise at the time of writing.

With negative sentiment emanating from China during June, European coils saw a brief break from the price rally in spring and searched for direction. Sentiment among mills has turned more optimistic again since the proposal and support of the extension of European safeguard quotas on imports into the European Union by member states, while the market is still suffering from material shortages. The shortages have been reflected in historically low stock levels in Europe's biggest market Germany, which have seen a slight rebound as of late, albeit on low levels.

Platts reported a flurry of HRC deals earlier in the week between Eur1,170-1,200/mt in the Northern European market. Market participants have been wondering whether ArcelorMittal would make a move as other mills have already raised offers to Eur1,200/mt or above. However, sources indicated that market activity levels depend primarily on material availability rather than mills' forays for fresh prices.

The Italian market has seen competitive import offers with Indian offers targeting the market. Several market participants have been heard to have bought import material for July arrival, while material for October arrival is being offered currently.

European mills remain well booked with long order backlogs and material availability in Q4 for HRC. Lead times are longer for HDG and CRC, reaching into Q1 next year though CRC is seen as the product in tightest supply in Europe.

The daily Platts assessment for HRC EXW Ruhr stood at Eur1,178/mt June 23, seeing a year-to-date increase of Eur513/mt. The daily assessment for HRC EXW Italy was assessed at Eur1,130/mt June 23, a Eur472.50/mt increase since the beginning of the year.

www.spglobal.com/platts/en/market-ins...
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Nucor follows with plate price increase
Published date: 24 June 2021

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Electric arc furnace (EAF) minimill steelmaker Nucor has increased its plate pricing for August shipments, following other plate makers.

Nucor increased plate prices yesterday by $120/short ton (st) to $1,440/st fob mill for August tons. The increase is lower than the $150/st in price increases that steelmaker SSAB announced earlier in the week. SSAB announced a price increase of $100/st on 21 June, following it with another price increase of $50/st yesterday.

Cleveland-Cliffs is heard to have pushed plate pricing to $1,590/st fob mill for September tons.

Nucor produces plate steel at mills in Hertford, North Carolina; Tuscaloosa, Alabama; and Longview, Texas

The Argus US plate assessment increased by $56.50/st this week to $1,518.25/st delivered on 22 June because of the first SSAB price increase on 21 June, reversing losses posted over the prior four weeks.

By Rye Druzin

www.argusmedia.com/en/news/2228124-nu...
voda
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Clean Steel Partnership Launched in Europe

The Clean Steel Partnership has been formally launched and the Memorandum of Understanding will be e-signed by representatives of the European Commission and EUROFER’s research oriented sister organisation European Steel Technology Platform in the coming weeks. The Clean Steel Partnership is a mechanism to pilot and demonstrate breakthrough technologies up to Technology Readiness Level 8 that can reduce CO2 emissions stemming from EU steel. Aligned with the European Green Deal targets, the partnership supports EU leadership in transforming the steel industry into a carbon-neutral one, serving as a catalyser for other strategic sectors. By 2027 it will implement at least two demonstration projects that could cut CO2 emissions by 50% compared to 1990 levels and achieve technology readiness level 8 by 2030 in at least twelve areas funded by the partnership. The final ambition is to reduce CO2 emissions by 80-95% by 2050, ultimately achieving carbon neutrality.

Clean Steel Partnership is unique due its two financing pillars: Horizon Europe and the Research Fund for Coal and Steel, which until now has been largely used for incremental research funding. The partnership will develop the necessary technologies at High Technology Readiness Level, with an EU contribution of EUR 700 million and a private commitment of up to EUR 1 billion.

The success of the partnership could support European steel industry’s role as an important engine of sustainable growth, added value and high-quality employment in the EU, supporting its competitiveness and that of its downstream sectors, such as automotive, construction and energy generation.

EUROFER Director General Mr Axel Eggert said "This is a great day for Europe and for the European steel industry. The Clean Steel Partnership will help Europe on its way to climate neutrality. It will help the European steel industry as a key strategic industry for Europe to reach its ambitious climate objectives: reducing carbon emissions from steelmaking by 30% already in 2030 and moving our sector towards carbon neutrality by 2050. The partnership is an important piece in the EU’s and our industry’s overall climate strategy. To make it a success, markets for low-carbon steel will have to be established as soon as possible and still during this decade. Low-carbon products will have to compete with more carbon intensive products on the internal and on global markets. It is therefore essential that the legislative framework within the Fit-for 55 package that is expected to be adopted by the European Commission on 14 July effectively addresses the risk of carbon leakage and secures a smooth transition allowing companies to invest, scale up and roll-out the innovative, low-carbon technologies. The Clean Steel partnership is looking forward to contributing to master the challenge of decarbonisation.

European Steel Technology Platform founding members are EUROFER, ArcelorMittal Maizières Research, Dillinger, Outokumpu, Tenova, Rina Consulting CSM, Swerea, Tata Steel Nederland Technology, Thyssenkrupp Steel Europe, voestalpine Stahl, VDEh BFI, Jernkontoret and Salzgitter.

Source - Strategic Research Institute
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Ovako to Use Hydrogen in Reheating Furnaces in Hofors Rolling Mill

Sweden’s largest fossil free hydrogen facility is now being built with the goal of greatly reducing CO2 emissions, developing local industrial hydrogen production, and taking the first step towards a future hydrogen infrastructure for the transport sector. Ovako is starting collaboration with the Volvo Group, Hitachi ABB Power Grids Sweden, H2 Green Steel and Nel Hydrogen to invest in hydrogen production in Hofors. The electrolyser for the production of fossil-free hydrogen will be installed at Ovako’s site in Hofors and is expected to be completed by the end of 2022, provided that permits are secured as planned. The 17 MW plant will generate 3,500 cubic meters of fossil free hydrogen per hour. The conversion to hydrogen will enable Ovako to reduce its CO2 emissions for steel production in Hofors by 50% from already low levels. The investment of approximately SEK 180 million is supported by the Swedish Energy Agency via the Industriklivet initiative. The plan is for local hydrogen production to be used in all of Ovako’s units where steel is rolled by 2030, provided that there is a good supply of fossil-free electricity.

The new hydrogen plant in Hofors will make Ovako the first in the world to heat steel with hydrogen prior to rolling, and is the next major step towards climate-neutral steel production. The technical solution will also enable large-scale and cost-effective production of hydrogen for applications like fossil-free freight using fuel-cell trucks. With installations at multiple locations, this could enable a network with locally produced fossil-free hydrogen available for the transport sector.

Ovako is now initiating cooperation with several key players in Swedish and Norwegian industry. The initiative is also supported by the Swedish Energy Agency, with the shared goal of establishing industry-wide use of fossil-free hydrogen, expanding awareness of the potential of this fuel, and achieving cost-effective production. A filling station for hydrogen-powered heavy vehicles is intended to be built beside the hydrogen plant.

This technical solution provides high-temperature processes in steel production with fossil-free hydrogen and oxygen, and thus replaces fossil fuels. With a greater need for oxygen than hydrogen in the steel industry, there are also good opportunities for cost-effective and large-scale use of hydrogen in other areas, such as fossil-free freight with fuel cell trucks. The solution can be used flexibly and can therefore contribute to improved electricity grid stability, which in turn allows for a higher proportion of renewable energy sources. Furthermore, the residual heat can be utilized in district heating networks.

Source - Strategic Research Institute
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