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Posco Reaches 1 Million Tonne Capacity for Auto Steel at Gwangyang

Strategic Research Institute
Published on :
20 Sep, 2021, 5:46 am

Korea Herald reported that South Korean steel maker Posco has established a 1 million tonne production facility inside the Gwangyang steel mill in Gwangy in South Jeolla Province of South Korea for giga steel, an ultra high strength steel product used for cars, by investing KWR 500 billion (USD 425 million) since 2017. Posco’s Steel Business Chief Mr Kim Hak-dong said “Since its first production of steel in April 1987, Gwangyang Steelworks has grown into the world’s largest steel mill producing the best automotive steel products. I am confident that, from establishing the 1 million tonne production system, Posco will stand in a position of advantage in the global market as an eco-friendly auto parts supplier in the fast-growing new mobility market.”

Citing data from IHS Markit, Posco said the global giga level steel industry is expected to grow 13% annually. The global production volume of the high-strength steel was 6.7 million tonnes in 2020, and the market research firm viewed it would rise to 12.4 million tonnes in 2025.

More than ever, the industry is requiring that a vehicle goes longer distances with less fuel, which means the car must be lighter. Also, technological advances have enabled cars with more power, requiring them to be safer. Consumers also want a car that represents their personality, demanding vehicles with more sophisticated and elegant designs. While there are other conditions that need to be considered, it is paramount that cars meet the following three conditions in order to satisfy consumers: fuel efficiency, safety, and design. But these demands are becoming increasingly difficult to meet, and the only solution is to discover a technology that enables all of the above. For safety considerations, in the event of a collision, parts of the car also need to absorb the kinetic energy and protect the passengers inside.

POSCO GIGA STEEL is an advanced high-strength steel that can meet these various demands. 6 different types of POSCO GIGA STEEL products are being used in different parts of the car.

- Complex Phase (CP) steel is often used to make reinforced auto parts that require high crashworthiness ratings, such as sill side panels, bumper rails, and door impact bars. It plays an extremely important role in the car frame as it is highly resistant to dents or bumps. In the past, the side panels of race cars were purposely made to be thicker in order to prevent dents and protect the driver inside and this naturally led to the vehicle becoming considerably heavier. However, CP steel minimizes these disadvantages. In the event of an impact, cars made with CP steel retain its original shape considerably better than other car frames due to its high strength and also has an exceptional ability to absorb all of the energy while still exhibiting an impressive thinness. It is often incorporated into the sill side panels and door impact bars to allow for a more spacious design.

- Dual Phase (DP) steel can be easily welded and deformed and boasts a high level of total elongation (the rate at which the material is stretched without snapping). DP steel is commonly used in seat rails or other lower body reinforcements that run underneath the passenger seat. The tensile strength is at least 980MPa, but because it also exhibits impressive ductility, it can easily be used for random spare parts.
- Transformation Induced Plasticity (TRIP) steel first made its way into the auto industry about six years ago. As the auto industry is beginning to value lightweight cars more and more, TRIP steel has received more attention. It is mainly used in the inner parts of the car body. This part of the car needs to absorb shock and impact and also be flexible enough to be fitted around the complex inner structure of the car. With TRIP steel’s outstanding combination of strength and ductility, it is one of the most commonly used high-strength automotive steels in the auto industry today.

- Martensite steel (MART) is naturally high in strength which allows thinner sheets to be used with less weight. Because Martensite steel is naturally high in strength, thinner sheets produced from roll forming (a metal forming process in which steel is continuously shaped or formed until it reaches a desired cross-section) still retain the same level of performance as conventional parts. Thinner parts also have the added benefit of reducing the weight.

- Hot Press Forming (HPF) Steel is often used in the B-pillar of a car which requires intricately shaped parts as well as the A-pillar roof side rails which are prone to damage. Hot Press Forming (HPF) steel is a different class of steel made with a unique steel production process. Typically, as steel becomes higher in strength, it is more difficult to mold into the desired shape through conventional processes. However, through the HPF process, the steel is heated to 950? before press forming. At high deformation temperatures, steel sheets are very soft so that difficult shapes can be obtained easily. During forming, the heated steel sheet cools down rapidly in the die block, so that the resulting pressed parts have a very high strength level. Due to its combination of high strength and formability, HPF steel is often used in the B-pillar of a car which requires intricately shaped parts as well as the A-pillar roof side rails which are prone to damage.
- Post Heat Treatment (PHT) Steel boasts both ultrahigh strength and toughness. The chassis that supports the car frame needs to be extremely durable and resistant to impacts or shocks on the road as its main function is to improve the ride quality of the vehicle. In order to increase the durability and torsional resistance, the material needs to be quenched and tempered. Before going through the heat treatment portion of the process (quenching), the material can be easily molded into spare parts due to its reduced strength. After being molded, it is heated up to 950°C and then rapidly cooled by water. This is why PHT is called “post-heat treatment steel”. Due to its ultra-high strength, it also has lightweighting benefits and is typically used in a vehicle’s chassis, stabilizer bars in a suspension system, and torsion beams.
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JSPL Bags Kasia Block in Odisha Mineral Blocks Auction

Strategic Research Institute
Published on :
20 Sep, 2021, 5:48 am

Jindal Steel and Power Ltd has bagged the Kasia iron ore & dolomite block, spread over 194.19 hectares, at 118% premium in latest mineral block auction in Odisha. The Kassia iron ore mine was earlier operated by Aditya Birla Group owned Essel Mining till the lease period expired. As many as 13 companies had submitted bids for the Kasia block while seven companies cleared the technical bidding round and participated in the financial bidding for the block.

The bidding for 11 mineral blocks, for which notice inviting bids was issued on July 7, has started from 18 September. Total 123 bids have been received for these mineral deposits, of which seven are virgin blocks while leases of four blocks have expired. The blocks which are up for grabs in the auction process include Kasia, Nadidih (Bico), Nadidih (Feegrade), Teherai, Pureibahal, Chandiposhi, Jumka, Dholtapahar, Netrabandha Pahar (West), Gandhalpada and Karlapat. The bidders, who would bag these un-explored blocks, have to develop the blocks for mining.

Several firms, including JSPL, Adani, JSW, Tata Steel, ArcelorMittal, Essel Mining & Industries, Rungta Mines, MSPL, Vedanta and NMDC are in the race for the mines.
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Italian Minister Calls for Suspension of EU Steel Tariffs

Strategic Research Institute
Published on :
20 Sep, 2021, 5:50 am

Reuters reported that Italian Industry Minister Mr Giancarlo Giorgetti said that Europe should temporarily suspend its tariffs on imported steel to head off shortages and avoid harmful effects on industry. He told that “Europe had prioritised the interests of the steelmakers during the health pandemic without realising this could have serious knock on effects on supply. The situation is unsustainable. This measure should be temporarily suspended because it’s blocking industrial production. We need to discuss this in Europe and convince everyone to take this decision.”

The minister said the situation could be reviewed once the situation normalised.

Earlier this year the European Union opted to continue a system of quotas and tariffs that has been in place since 2018 for a further three years to protect EU steelmakers from a potential surge of imports.
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China Directs Miners to Ensure Thermal Coal Supplies

Strategic Research Institute
Published on :
20 Sep, 2021, 6:30 am

Reuters reported that China’s leading coal industry associations called on the country’s top miners to double down on ensuring thermal coal supplies to help stabilise surging prices. China Coal Industry Association and China Coal Transport and Sales Association said in a joint statement “Top miners should strictly execute term supply agreements including a pricing mechanism of a floating rate over benchmark prices. Suppliers and users shall sign up additional mid-to-long term contracts on top of existing agreements and thermal coal should be prioritised. Term agreements for 2022 supplies should be expedited.”

China’s thermal coal futures have nearly doubled so far this year to 1,085 yuan per tonne.
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Maxion Wheels Launches Light Fuel Efficient Steel Truck Wheel

Strategic Research Institute
Published on :
20 Sep, 2021, 6:30 am

World’s largest wheel manufacturer Maxion Wheels has debuted it’s 64 lb Tough and Light steel truck wheel and announced that it is in production from Maxion’s San Luis Potosí Mexico commercial vehicle steel wheels plant. Maxion Wheels’ latest truck wheel for North America is the lightest standard five-hole 22.5x8.25 commercial vehicle steel wheel in the market. The new fuel-efficient wheel weighs less than its predecessor, yet is stronger as a result of optimized design, engineering and flow forming technologies.

With a 7,400 lb payload wheel load rating, Tough and Light features a new hand hole design deviating from the traditional Maxion Wheels’ D-shape. The new shape is the result of design optimization analysis that reduced wheel structural stresses by more than 10% resulting in an even more efficient and durable wheel when compared to the previous generation.

Maxion Wheels, a division of Iochpe-Maxion SA, is a leading wheel manufacturer for passenger cars, light trucks, buses, commercial trucks and trailers. The Company also produces wheels for agriculture and military vehicles, as well as other off-highway applications.
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OMK Implements SAP at Vyksa Steel Plant Warehouses

Strategic Research Institute
Published on :
21 Sep, 2021, 5:56 am

Russian steel pipe giant United Metallurgical Company OMK has automated the warehouse management process at its plant in Vyksa in Nizhny Novgorod Region of Russian based on the SAP Extended Warehouse Management solution. This made it possible to increase the productivity of warehouses by 20%. OMK has automated and optimized logistics processes at two central warehouses with a total area of 11.2 thousand square meters. More than 100 groups of materials are placed here: hardware, auxiliary materials, spare parts and equipment from suppliers, carry out their incoming quality control and distribute them to shop warehouses.

As part of the project, the OMK plant integrated the SAP EWM warehouse management system with IT equipment: data collection terminals for warm and cold warehouses, mobile and stationary printers for printing labels with consumables. Both warehouses were equipped with modern Wi-Fi infrastructure, integrating it into a common corporate global network.

The new project provided transparency and flexibility of warehouse accounting and cargo handling, reliable data on actual stocks and movements of goods in the warehouse in real time. It allows more rational use of warehouse space and efficient organization of goods placement. The system ensures transparency and efficiency during acceptance. The high level of automation implemented also helps to reduce warehouse worker errors. As a result of the implementation of SAP EWM at the OMK plant, the number of errors in placing and picking orders was reduced by 70%.

SAP Extended Warehouse Management is a multifunctional system designed to automate and optimize logistics processes in a warehouse.

The partner in the implementation of the system was TLS.
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US Steel Production Capacity Utilization Slips in Week 37

Strategic Research Institute
Published on :
21 Sep, 2021, 6:00 am

American Iron & Steel Institute announced that in the week ending on September 18, 2021, domestic raw steel production was 1,874,000 net tons while the capability utilization rate was 84.9 percent. Production was 1,537,000 net tons in the week ending September 18, 2020 while the capability utilization then was 68.6 percent. The current week production represents a 21.9 percent increase from the same period in the previous year. Production for the week ending September 18, 2021 is down 0.4 percent from the previous week ending September 11, 2021 when production was 1,882,000 net tons and the rate of capability utilization was 85.3 percent.

Adjusted year-to-date production through September 18, 2021 was 67,660,000 net tons, at a capability utilization rate of 80.9 percent. That is up 20.2 percent from the 56,304,000 net tons during the same period last year, when the capability utilization rate was 66.8 percent.

Broken down by districts, here’s production for the week ending September 18, 2021 in thousands of net tons: North East: 176; Great Lakes: 641; Midwest: 205; Southern: 776 and Western: 76 for a total of 1874.
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Fourth COVID Wave Hits Hoa Phat’s Construction Steel Sales August

Strategic Research Institute
Published on :
21 Sep, 2021, 6:04 am

Sales of Hoa Phat’s construction steel in August reached 268,000 tonnes, reducing nearly 17 per cent from the same period last year. In the first 8 months of the year, Hoa Phat’s construction steel sale reached nearly 2.5 million tonnes, posting 16 per cent year-on-year increase. With the results, Hoa Phat’s construction steel market share rose by 37 per cent, 9 per cent higher than the beginning of the year. This figure shows the strong growth of Hoa Phat steel despite of difficulties facing in the market due to the 4th wave of COVID-19 pandemic across the country.

The production and sales of finished construction steel in August posted the lowest monthly output in 5 years in the period of 2017-2021, mainly due to social distancing in many localities. VSA members produced 713,000 tonnes of construction steel last month, down 8 per cent over the corresponding period last year. Steel sales reached nearly 560,000 tonnes, representing 40 per cent year-on-year decrease.

In the first 8 months of the year, construction steel consumption reached 6.6 million tonnes, equivalent to sales volume of member enterprises in the same period last year. In which, Vietnam exported over one million tonnes of construction steel in the eight month period, up 28 per cent over the same period last year.
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Danieli Corus Starts 3 BOF Converters in Brazil, Kazakstan & China

Strategic Research Institute
Published on :
21 Sep, 2021, 6:07 am

Steel technology & equipment supplier Danieli announced the start of 3 new BOF based steel making projects at Usiminsas in Brazil, ArcelorMittal in Kazakstan and Hegang Laoting in China

Usiminas Ipatinga Converter No 4 - The new Converter No 4 at Usiminas Ipatinga was started up successfully on Saturday, June 19th. This new 180 t converter is equipped with the patented suspension system based on a vertical Lamella arrangement in combination with horizontal Daniella elements, an air cooling system for the barrel part of the vessel and water–based cooling for the vessel’s top cone. A Q–Temp 2.0 temperature monitoring system was installed for online measurement of the vessel’s thermal condition, providing valuable information for achieving the longest possible campaigns.

ArcelorMittal Temirtau Converter No 3 - With a first heat produced on 20th February 2021, ArcelorMittal has successfully completed the commissioning of their new 300 t Converter No 3, which was supplied by Danieli Corus. The converter vessel, trunnion ring, suspension, couplings as well as other ancillary equipment have been designed and manufactured for a lifetime of 30 years. With an improved design, the inner volume was increased, in turn optimizing the reaction volume. Clearance between the vessel shell and trunnion ring was increased for improved cooling characteristics and as such increase lifetime of the vessel shell.

Hegang Laoting Sublance System for Converter No 1 in BOF Shop 2 - On Wednesday May 26th, the First Heat of Converter No 1 at Hegang Laoting BOF Shop 2 was executed, and the first two Sublance measurements were completed successfully. This is the third Sublance System to be put successfully into production at this steel plant, allowing the client to produce heats with these converters in full computer mode thanks to the Static–Dynamic Level II Process Model that was also implemented.
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TMK Supplies Large Order of Cylinders to PepsiCo

Strategic Research Institute
Published on :
21 Sep, 2021, 6:10 am

Russian steel pipe maker Pipe Metallurgical Company TMK’s Pervouralsk Novotrubny Plant has completed a large order for the production of cylinders for PepsiCo, the largest producer of carbonated, non-carbonated and energy drinks produced under various brands. The batch included more than 3,000 cylinders with a capacity of 20 liters with a working pressure of 150 atmospheres. The cylinders will be used in the production of carbonated soft drinks as a reusable container for storing and transporting carbon dioxide. Certified products manufactured by Pervouralsk Novotrubny Plant have passed hydro and pneumatic strength tests, as well as internal surface treatment for descaling.

TMK’s Pervouralsk Novotrubny Plant has been supplying cylinders for PepsiCo since 2019, annually increasing the volume of shipments.

In the first half of 2021, TPervouralsk Novotrubny Plant increased the production of cylinders by 18% compared to the same period in 2020

The products of the TMK’s Pervouralsk Novotrubny Plant are also used in the aviation, space, chemical and oil industries, mechanical engineering, shipbuilding, medicine and fire-fighting equipment.
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GMS Market Commentary on Ship Breaking in Week 36

Strategic Research Institute
Published on :
21 Sep, 2021, 6:12 am

World's leading cash buyer of ships for recycling GMS said that “Despite the recent downturns in the sub-continent markets, which have seen prices correct by as much as USD 25/Ton of late, levels still remain at historically impressive highs across the sub-continent markets. Not since the glory days of 2008 have we seen prices so high, when the USD 800/LDT mark was breached). Notwithstanding, levels in the mid USD 600s/LDT are still very impressive and are certainly the highest we have seen for nearly 12 years now. Yet, despite the pessimism from End Buyers, there is a permeating impression from some of the industry players that levels are here to stay through Q4!”

GMS said “Meanwhile, steel plate prices across the sub-continent remain volatile and have depreciated across the board. In India, plate prices fell mid-week, only to recover a little by the time the week ended. The Pakistani market also played itself out like India, with steel dipping momentarily through the week. In Bangladesh however, the story was different as levels declined and stayed down throughout the week. On the contrary in the West, the Turkish market remained steady, with local steel plate prices firming marginally, and interest on units persevering.”

GMS added “As the end of the year dawns and despite the jerky movement in plate prices, there seems little to suggest that the market would see an imminent collapse in price, despite End Buyers generally being more tentative with their offers of late. Yet, no one really knows. Covid-19 of course remains an ever-present concern, and particularly for the Far Eastern market, where deliveries are being thwarted by the on-going spread of the Delta variant.”

GMS Pricing

India/Bangladesh/Pakistan – Week 37, FOURTH QUARTER DAWN!

Dry Bulk – USD 560-590 per LDT

Tankers - USD 570-600 per LDT

Containers - USD 580-610 per LDT
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KIOCL Adopting Tolling System for Iron Ore Pellets Business

Strategic Research Institute
Published on :
21 Sep, 2021, 6:15 am

Express News Service reported that state owned iron ore pellet maker KIOCL has started exploring new sources to supplement the shortfall in National Mineral Development Corporation supplies and has adopted a new strategy of entering into back-to-back contracts under tolling arrangement, which helps the company with assured iron ore supplies and a market for its pellets. The customer supplies iron ore fines & concentrate to KIOCL and purchases equivalent quantity of pellets from the company against separate purchase and sale contracts.

KIOCL’s newly appointed CMD Mr T Saminathan said “KIOCL has used iron imported from major iron ore suppliers like Vale, Anglo American and mining companies in Canada and India and exported the pellets produced. KIOCL is currently in discussion with Jindal Shadeed Iron and Steel of Oman and POSCO of South Korea to enter into long-term agreement through tolling arrangement for sustenance of its pellet plant operation. We are planning to begin it in three months’ time.”

He added “The mineral exploration works assigned by NMET, Ministry of Mines, are under different stages of execution. KICOL completed G4 level exploration works for four blocks and submitted the report to NMET. In addition, 10 blocks of iron and manganese ore, allotted by the Karnataka Government for G2 and G3 level exploration works, are under progress. “
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Dashboard 2.0 of Ministry of Steel Launched

Strategic Research Institute
Published on :
21 Sep, 2021, 6:17 am

India’s Steel Minister Mr Ram Chandra Prasad Singh has launched the NICSI developed Dashboard 2.0 of the Ministry of Steel. The Dashboard is an interactive and dynamic online platform that captures the performance on various parameters related to steel sector such as steel capacity utilisation, production and consumption, prices, raw material production, trade, stocks and rail production etc. The Dashboard will help to monitor and analyse the performance of steel Companies on real time basis for different KPIs of Steel sector.

Salient feature of the Analytical Dashboard are

-Steel Production: Sector wise (Public and Private) and Route wise production of Crude steel, Finished Steel, Pig Iron and Sponge Iron

- Capacity Utilization: Monthly Trends of Capacity Utilization for Public and Private Sector

- Trade: Daily and Monthly analysis of Import, Export and Trade Balance, both top 10 and bottom 10 Importing and Exporting countries

- Consumption: Month wise and Category wise trend of Consumption for Finished and Value Added Steel

- Price: Fortnightly Prices of Steel Items at four metro cities

- Raw material: Monthly trend of Iron Ore and Manganese Ore, Daily quantity evacuated by NMDC, SAIL and MOIL

- Rail Production: Daily data of Rail production

- Stock: Month wise stock of Alloy, Non-Alloy and Stainless Steel

- Historical data: Production and Trade for last 10 years

- Alerts: Negative Trend of Production, Utilization etc

The Dashboard enables Ministry of Steel to get better insights to assist data driven decision making by way of extraction of Trends, Patterns and useful information. Visualisation of Trends and Patterns assist decision makers in finding anomalies and forecasting based on patterns. Monthly and Yearly comparison of different KPIs is also available.

The portal has been designed by NIC Steel Informatics Division in association with NICSI-CEDA team. Hosting Infrastructure is provided by NIC on Meghraj Cloud.
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Nucor to Build 3 Million Ton Greenfield Flat Steel Complex

Strategic Research Institute
Published on :
21 Sep, 2021, 6:19 am

US steel maker Nucor Corporation announced that its board of directors has approved the construction of a new three million ton sheet mill. Nucor is evaluating locations in Ohio, Pennsylvania, and West Virginia in US. The new mill will be geographically situated to serve customers in the Midwest and Northeast markets of US and will have a significantly lower carbon footprint than nearby competitors.

The new sheet mill is expected to cost approximately USD 2.7 billion and have the capacity to produce three million tons of steel annually. The mill will be able to produce hot-rolled sheet products with downstream processing including a tandem cold mill, annealing capabilities and initially two galvanizing lines. Galvanizing capabilities will include an advanced high-end automotive line with full inspection capabilities as well as a construction-grade line. Once state and local incentives, permitting and other regulatory approvals are received, construction is expected to take two years.

This proposed mill complements Nucor's existing operations, allowing Nucor to more effectively service customers in the region. This mill will allow Nucor to competitively meet the growing need that many of customers, particularly in the automotive market, have for high quality steel with a lower carbon footprint.
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ALACERO Concerned over Cut of Steel Import Tariffs in Colombia

Strategic Research Institute
Published on :
21 Sep, 2021, 6:22 am

The Latin American Steel Association ALACERO has expressed great concern about the implications that an eventual reduction or elimination of tariffs on imports of steel would have for the Colombian steel industry. Alacero CEO Mr Alejandro Wagner said “We believe that drastic measures are being proposed for temporary reasons, affecting structural issues, such as local employment and investment. It is not a local situation, but more regional and even global. A sum of factors was given. The abrupt fall and subsequent rise in the V shape of demand and a commodity boom, brought the prices of raw materials to record levels.”

Alacero mentions that this measure would strengthen the presence of product from China and Turkey, countries that have historically distorted world steel markets and are recognized for subsidizing their producers, as well as for having complaints of cases of dumping or unfair practices, such as the case of Turkey, currently with 29 complaints of this type. Additionally, these nations do not respond to the carbon targets established by the United Nations 2030 Agenda.

This measure is seen as unnecessary, since it has been demonstrated that the steel industry in Colombia has an installed capacity to produce up to 2.6 million tons of steel, sufficient quantity to meet the demand of the construction and infrastructure sector in the country. Even, to date, there are already signs of inventory accumulation.

The possibility of a measure of this type, means affecting current jobs and eventual opportunities for the generation of new formal jobs in Colombia. In addition, it would be a clear signal that would discourage the attraction of new foreign investment to the country. It is very important to promote the local steel industry and the more than 45,000 jobs that the sector generates and that allow substituting imports with Colombian labor.
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BlueScope Planning Greenfield Coated & Painted Steel Plant in US

Strategic Research Institute
Published on :
21 Sep, 2021, 6:26 am

Australian financial Review reported that Australian steelmaker BlueScope is investigating the construction of a new painted and coated steel products plant on the east coast of the United States as it seeks to diversify its US operations and take advantage of buoyant conditions in construction and housing markets. BlueScope Chief executive Mr Mark Vassella said “The plans are at a very early stage, but it is likely to be a greenfield entry into that part of the market because price tags are so high for potential acquisitions which effectively rules out buying an existing business. What gives us confidence to investigate this is it’s a very large market.”

BlueScope is already part-way through AUD 1 billion-plus expansion of its highly profitable North Star steel mill in Ohio which has been a major driver of the group’s record profits in 2020-21.

BlueScope also operates the Steelscape business in California on the west coast of the US, which makes painted and coated steel products similar to the Colorbond range of roofing and construction industry products which BlueScope makes in Australia.
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ESL Steel Bags Nadidih Iron Ore Block in Mine Auction in Odisha

Strategic Research Institute
Published on :
21 Sep, 2021, 6:28 am

ESL Steel Ltd has won the Nadidih iron ore block BICO in Koira area of Sundargarh in Odisha at a premium of 95.6%. The entire leasehold area of 73.855 hectare has been explored up to G2 level of exploration and has total geological resources of around 27 million tonne of iron ore.

A total of five companies were in the race for the Nadidih iron ore block BICO. The other four qualified bidders in this forward round were Ramgad Minerals, Rungta, AM/NS India and Odisha Metalliks. Low bids by Bhusan Power and Jagannath Power disqualified the two companies from the second round.

Odisha government has put 10 iron ore blocks under the hammer in this round. These include Nadidih BICO, Kasia, Gandhalpada, JumkaPatrishohi to name a few.

The bidding for 11 mineral blocks, for which notice inviting bids was issued on July 7, has started from 18 September. Total 123 bids have been received for these mineral deposits, of which seven are virgin blocks while leases of four blocks have expired. The blocks which are up for grabs in the auction process include Kasia, Nadidih (Bico), Nadidih (Feegrade), Teherai, Pureibahal, Chandiposhi, Jumka, Dholtapahar, Netrabandha Pahar (West), Gandhalpada and Karlapat. The bidders, who would bag these un-explored blocks, have to develop the blocks for mining.

Several firms, including JSPL, Adani, JSW, Tata Steel, ArcelorMittal, Essel Mining & Industries, Rungta Mines, MSPL, Vedanta and NMDC are in the race for the mines.
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Steel Body Raises Red Flag over Recent Power Price Spikes in UK

Strategic Research Institute
Published on :
21 Sep, 2021, 6:30 am

UK’s steel sector’s body UK Steel says that recent power price spikes have affected UK steelmakers. UK Steel Director General Mr Gareth Stace said “These extortionate prices are forcing some UK steelmakers to suspend their operations during periods when the cost of energy is quoted in the thousands per megawatt hour; last year, prices were roughly GBP 50 per megawatt hour. Even with the global steel market as buoyant as it is, these eye-watering prices are making it impossible to profitably make steel at certain times of the day and night. While prices have risen across Europe, wholesale prices have quadrupled in the UK and merely tripled in Germany, when accounting for carbon costs. This exacerbates the already grossly unequal electricity price disparity between UK steelmakers and our European competitors.”

He urged “The government and Ofgem must be prepared to take action as this situation continues. Spot prices of over GBP 2,000/MWh are the signs of unhealthy energy market. Electricity prices increase in the winter months, therefore the situation gets more urgent each and every day.”

But, UK business secretary Mr Kwasi Kwarteng said taxpayer should not be expected to prop up companies which have poor business models and are not resilient to fluctuations in price."

Make UK’s division UK Steel is the trade association for the UK steel industry. It represents all the country’s steelmakers and a large number of downstream steel processors.

- Producing 7 million tonnes of crude steel a year, around 70% of the UK’s annual requirement

- Employing 33,700 people directly in the UK and supports a further 42,000 in supply chains

- The median steel sector salary is GBP 34,299, 33% higher than the UK national median

- Making GBP 2.1 billion direct contribution to UK GDP and supports a further GBP 2.7 billion

- Making GBP 1.7 billion direct contribution to the UK’s balance of trade
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ArcelorMittal’s XCarb Fund Breakthrough Energy’s Catalyst Program

Strategic Research Institute
Published on :
21 Sep, 2021, 6:33 am

Global steel giant ArcelorMittal announced that it has become an anchor partner in Breakthrough Energy’s Catalyst program, committing to an equity investment of USD 100 million over the next five years. ArcelorMittal’s investment will be made through its XCarb innovation fund which was launched earlier this year. Founded by Mr Bill Gates, Breakthrough Energy is committed to scaling the technologies the world needs to reach net-zero emissions by 2050. Breakthrough Energy’s efforts include investment vehicles, philanthropic programs, policy advocacy, and other initiatives, including Catalyst. Catalyst, launched earlier this year, is a new model for how companies, governments, and private philanthropy can finance, produce, and ensure widespread adoption of next-generation clean technologies. The program will initially focus on four decarbonisation technologies: Direct Air Capture DAC; Green Hydrogen; Long Duration Energy Storage LDS and Sustainable Aviation Fuel SAF.

ArcelorMittal anticipates investing up to USD 100 million annually through the fund in companies developing technologies with the potential to support and accelerate the transition to zero-carbon emissions steelmaking. To date, ArcelorMittal has invested USD 10 million in Heliogen, a renewable energy company which focuses on unlocking the power of sunlight to replace fossil fuels and USD 25 million in Form Energy, which is working on the development of its breakthrough energy storage technology.

ArcelorMittal recently published its second group climate action report in which it announced 2030 global CO2e intensity reduction target of 25% and increased its European 2030 CO2e intensity reduction target to 35%. The Company had previously, in September 2020, announced its ambition to reach net zero by 2050. The report outlined the five key levers

  • Steelmaking transformation

  • Energy transformation

  • Increased use of scrap

  • Sourcing clean electricity

  • Offsetting residual emissions

It also detailed several of the projects the Company is undertaking to reach its 2030 reduction target. These include plans to create the world’s first zero carbon emissions steel plant in Sestao in Spain and convert its Canadian flat steel operations to DRI-EAF steelmaking through a CAD 1.8 billion investment which will reduce CO2 emissions by 60%.
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Indian Steel Industry Captain Seek Support to Enhance Steel Demand

Strategic Research Institute
Published on :
21 Sep, 2021, 6:35 am

India’s Steel Minister Mr Ram Chandra Prasad Singh held an interaction with the Indian Steel Association representing the integrated steel producers. During the meeting issues requiring support from the Government on - steel demand creation, notifying rules of PLI scheme, getting National Mineral Index notified, logistics and freight related issues, speedy clearances for capacity addition among others. The minister promised all support to enhance demand and suggested that the industry should create awareness of the advantages of using steel in projects such as housing, domestic gas, and water pipelines so that the demand is organic and widespread.

The minister also directed Steel Ministry officials to address the concerns of the industry regarding the Production-linked incentive scheme for specialty steel which was notified in July 2021. Minister directed that due consultation with the steel players should be done prior to the issuance of guidelines for PLI scheme.

Members represented by the ISA together produce almost 90% of the steel in the country. Captains of the industry including ISA President & AM/NS India CEO Mr Dilip Oommen, SAIL Chairperson Ms Soma Mondal, Tata Steel’s CEO & MD Mr TV Narendran, JSW Ltd Chairman Mr Sajjan Jindal and JSPL Chairman Mr Naveen Jindal participated in the meeting. The industry captains emphasised on the need for enhancement of steel demand within the country by closely working with the infrastructure sector and sought the support of the Ministry of Steel in their mission.
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