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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 ... 1558 1559 1560 1561 1562 1563 1564 1565 1566 1567 1568 ... 1755 1756 1757 1758 1759 » | Laatste

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voda 26 juli 2022 07:40

Liberty Ostrava Shuts Blast Furnace for Repairs & Upgrade

Strategic Research Institute
Published on :
26 Jul, 2.022, 6:52 am

Polar reported that Czech Republic steel maker Liberty Ostrava has temporarily idled its blast furnace No 2 at Ostrava to carry out EUR 9.5 million repairs and upgrade program to increase the stability and reliability of the furnace. Liberty Ostrava spokeswoman Ms Barbora Cerná Dvoráková said “The shutdown of the furnace with the release of salamander will take place on 26 July. After disconnecting the blast furnace from the gas network on Tuesday 26 July 2022, there may be a short-term increase in noise and dust around the premises, for which Liberty Ostrava apologizes in advance to the residents of Ostrava-South and thanks them for their understanding.”

Ms Dvoráková also said “Part of the extensive repairs will be, for example, the replacement of refrigerators, the repair of the rate room, including the modernization of the detection system, or the repair of steel structures.”

Ms Dvoráková added “During the repairs, full employment will be maintained and other facilities, including blast furnace No 3 and rolling mills, will remain in operation so that the company can continue to meet customer requirements.”

Liberty Ostrava’s BF 2 was previously idled in April 2020 for four months due to the COVID-19 pandemic and to complete more minor repairs, meaning the current shutdown could continue for at least the same period of time, if not longer.

voda 26 juli 2022 07:41

ArcelorMittal Warszawa Reduces Production as Orders Decline

Strategic Research Institute
Published on :
26 Jul, 2.022, 6:53 am

Reports say that ArcelorMittal Warszawa has temporarily suspended production due to lower order volumes, especially in the rebar segment. ArcelorMittal Warszawa has produced 600,000 tonnes of steel in 2021 compared to 500,000 tonnes in 2020. SBQ production in 2021 was 166 KT, the highest ever annual production.

ArcelorMittal Warszawa plant, located at the northern edge of Warsaw in Poland consists of an electric arc furnace, a ladle furnace, vacuum degassing, an ingot caster, a continuous caster, a bar mill and finishing lines.

voda 26 juli 2022 07:41

Severstal to Cancel Listing of GDR on London Stock Exchange

Strategic Research Institute
Published on :
26 Jul, 2.022, 6:55 am

Russian steel maker Severstal has announced its intention to cancel the listing of Global Depositary Receipts on the London Stock Exchange. Severstal has sent a request to the Financial Conduct Authority and the London Stock Exchange to cancel the listing of global depositary receipts issued in accordance with Regulation S and Rule 144A and representing Severstal's ordinary shares on the Official List of the FCA, as well as the request to cancel the admission of GDRs to trading on the Main Market of the LSE.

Severstal also notified Citibank of the termination of the GDR Program and instructed Citibank to terminate the Depository Agreements as from the date no later than 31 August 2022 by sending a notice of termination to the holders of the GDRs in accordance with the Depository Agreements and to take the necessary actions pursuant to the Depository Agreements in connection with such termination.

Severstal said “The decision to cancel the listing of the GDRs and to terminate the GDR Program was driven by the introduction of a number of sanctions restrictions against PAO Severstal, due to which the maintenance of the Severstal GDR Program in accordance with the Depository Agreements, as well as regular trading operations with the Severstal GDRs are no longer possible.”

Severstal expects that the cancellation of listing will take effect on the 21st business day from the date of this notification.

Severstal is a vertically integrated steel and steel-related mining company, working with customers and partners to create new products and integrated solutions from steel. The company's production facilities are located in Russia. Severstal is listed on MOEX and on the LSE. Severstal reported revenue of USD 11.6 billion and EBITDA of USD 6 billion in 2021. Severstal’s crude steel production in 2021 reached 11.6 million tonnes.

voda 26 juli 2022 07:42

Mr Kwarteng to Wait for New PM for Tata Steel’s Package

Strategic Research Institute
Published on :
26 Jul, 2.022, 6:55 am

Edie reported that the Financial Times was informed that UK’s Business & Energy Secretary Mr Kwasi Kwarteng, who is backing Ms Liz Truss in the leadership race, is unlikely to work with colleagues to make the decision before the new Conservative Party leader is in post and chooses a cabinet, following Mr Boris Johnson’s resignation.

The Financial Times had reported that last week Tata Group has threatened to shut down Port Talbot steel plant if British government does not agree in the next year to provide GBP 1.5 billion of subsidies to help it reduce carbon emissions. Tata Group Chairman Mr Natarajan Chandrasekaran told the Financial Times “A transition to a greener steel plant is the intention that we have. But this is only possible with financial help from the government. We have been in discussions over the last two years and we should come to an agreement within 12 months. Without this, we will have to look at closures of sites.”

Mr Chandrasekaran’s statement reportedly came as a shock to unions representing steelworkers, who were unaware of this intention previously. Unite and other unions have voiced concerns about the climate and job impact of simply offshoring steel production to economies such as China, but the priority very much seems to be the jobs rather than the climate. Trade union Unite’s national officer Mr Tony Brady said that Port Talbot must be maintained at all costs given the number of jobs it supports.

Tata Steel UK runs the Port Talbot plant and employs nearly 8,000 people across all its operations. As one of Britain’s largest industrial groups it is among the biggest emitters of carbon dioxide. Executives have been in talks with the government about decarbonization plans, but discussions have stalled.

voda 26 juli 2022 07:43

Metinvest Documenting Proof of Steel Theft by Russia

Strategic Research Institute
Published on :
26 Jul, 2.022, 6:57 am

BBC reported that according to Metinvest Russia is looting USD 600 million worth of steel from plants and ports in Ukraine. Metinvest CEO Mr Yuriy Ryzhenkov told BBC “Steel is being transferred to Russia and sold in internal markets or to countries in Africa and Asia. What they're doing is basically looting. They're stealing not only our products, but also some of those products already belong to the European & UK customers. So basically, they're not only stealing from us, they're stealing from the Europeans as well.”

He said the company is documenting as much of the theft as possible and is preparing to take future legal action. He told "At some point in time, the Russians will be facing not only the international courts, but also the criminal courts. And we will be going after them with anything we have.”

Mr Ryzhenkov also said 300 employees and 200 employees' relatives were killed in the assault on the Azovstal plant, which together with its sister plant Ilyich accounted for 40% of all Ukraine steel production.

Although the Azovstal plant was virtually destroyed in the Russian siege, he said he is confident the day would come when it would be a Ukrainian-owned facility again. He told “I'm positive. The way I see it Russia has already lost this war and it's just a matter of time when they realise it. The Russians don't need Mariupol, they don't need Donbas. They either need all of Ukraine or nothing, which means that even if they stop now, Ukraine will take it back. It's just a matter of time.”

voda 26 juli 2022 07:43

Welspun Commissions BF, Sinter Plant & Rebar Plant in Gujarat

Strategic Research Institute
Published on :
26 Jul, 2.022, 6:58 am

India’s leading welded line pipe manufacturer Welspun Corp has commissioned blast furnace, sinter plant and rebar manufacturing facility at Anjar in Gujarat through its wholly-owned subsidiaries.

The Blast Furnace can produce approximately 500,000 tonnes of hot metal per annum which will primarily be used for manufacturing Pig Iron and Ductile Iron Pipes. This integrated complex is equipped with the latest cutting-edge technology, and will include Blast Furnace, Sinter Plant, PCI & Oxygen Plant, Coke Oven, besides a 400,000 tonne per annum capacity DI pipe plant. The trial production for DI pipes has also started and the facility has recently received BIS certification.

Rebar manufacturing facility has a capacity of 350,000 tonnes per annum. BIS certified steel billets and direct reduced iron which will be used as inputs for the manufacture of rebars.

voda 26 juli 2022 07:44

Tata Steel Reports Strong Results for Apr-Jun’22 Quarter

Strategic Research Institute
Published on :
26 Jul, 2.022, 7:01 am

Tata Steel Chief Executive Officer & Managing Director Mr TV Narendran said “This has been a challenging quarter for the Global and Indian economy with rising interest rates, supply chain constraints and slowdown in China due to COVID. Despite these multiple headwinds, Tata Steel has delivered a strong performance with an improvement in margins. Our strong marketing franchise and superior business model in India enabled us to successfully pivot and increase our domestic deliveries to counter the 15% duty imposed on steel exports in the middle of the quarter. We continue to drive value accretive growth in India backed by investments in customer relationships, brands and distribution networks and remain well positioned to benefit from the buoyant automotive & retail housing demand and the government spends on infrastructure. Our European business delivered a sharp improvement in performance as long term contracts and product mix helped drive a strong increase in realizations.”

Tata Steel India – April- June 2022 Quarter

Production - 4.92 million tonne, flat QoQ

Deliveries - 4.07 million tonne, down 21% QoQ

Turnover - 34,015 crore, down 12% QoQ

EBITDA per ton - 23.557 per tonne, down 4% QoQ

Profit after Tax - 5,783 crore, down 27% QoQ

India includes Tata Steel Standalone and Tata Steel Long Products on proforma basis without inter-company eliminations

Tata Steel Consolidated – April- June 2022 Quarter

Production- 7.74 million tonne, up 2% QoQ

Deliveries - 6.62 million tonne, down 17% QoQ

Turnover - 63,430 crore, down 9% QoQ

EBITDA per ton - 22.717 per tonne, up 20% QoQ

Profit after Tax - 7,714 crore, down 22% QoQ

Production numbers for consolidated financials are calculated using crude steel for India, liquid steel for Europe and saleable steel for SEA

Mr TV Narendran added “We are geared towards commissioning the 6 MTPA pellet plant at Kalinganagar in 3QFY23 which will drive cost savings followed by the CRM complex and the 5 MTPA expansion project. Our subsidiary, Tata Steel Long Products, has completed the strategic acquisition of Neelachal Ispat Nigam Limited and will drive growth of our long products business. We continue to progress on our sustainability journey and are committed to being net zero by 2045. We are also focused on making Tata Steel more diverse & inclusive and were ranked 3rd among manufacturing companies by Great Place to Work in India.”

voda 26 juli 2022 08:28

Steel City Tangshan to Become Centre of Hydrogen in China

Strategic Research Institute
Published on :
26 Jul, 2.022, 6:30 am

Tangshan city that produced 13% of China’s steel & 6% of the world’s output in 2021, announced on 29 June that it intends to turn itself into a hydrogen production hub for the Beijing-Tianjin-Hebei region. In its Tangshan Hydrogen Industry Development Plan, the city government set a target of building a CNY 5 billion industry for hydrogen technology development and downstream applications by 2023. To achieve that goal, it intends to attract three to five leading enterprises in the hydrogen industry to invest in Tangshan.

The city envisions its massive steel industry as the primary source of hydrogen, with green hydrogen made using renewable energy complementing this. Newly installed solar power plants in the city with a capacity over 100 MW are required to be built with equipment for producing hydrogen too. Tangshan will also support local steelmakers to build steel production projects that use direct reduced iron with hydrogen, seen as an important approach in the industry’s attempts to decarbonize, and help transform the steel capital into a centre of green metallurgy.

Located to the east of Beijing in Hebei province, Tangshan plans to capitalize on a rising demand for hydrogen, propelled by the development of fuel cell vehicles in the region. A pilot programme approved by the central government last year plans to put at least 5,300 fuel cell cars on the streets of the Beijing-Tianjin-Hebei region. Tangshan pledges to have 700 running on its own roads by the end of 2023.

Bijlage:

voda 26 juli 2022 08:29

First Russian HRC arrives in India, more expected

According to sources, Severstal is rumoured to be the HRC supplier and to have settled the deal in either Emirati dirhams or yuan. Details on price and buyer are yet to be confirmed.

Severstal declined to comment.

“This is a loss-making deal [for the Indian buyer] as I am sure the contract price for this deal would have been higher than current Indian domestic quotes,” says an Indian trading source. “We believe some 80,000t of HRC are also in transit from Russia for August and September deliveries.”

Another vessel containing South Korean HRC is expected to reach India in early August, with the contracted price reported at around $670/tonne cfr India.

Following Russia’s invasion of Ukraine in late February, numerous Indian steelmakers hiked their HRC quotes, with a view to exploiting the resulting gap left by disrupted CIS supply. The mills also increased their domestic offers in parallel with exports, which created a panic in the domestic market and ultimately contributed to India imposing export duties in May.

Kallanish assessed Indian-origin structural grade 2mm+ HRC at $600-610/t fob India on 20 July, and the market remains down for Indian HRC exports. E250 grade HRC in the domestic market is assessed at INR 59,000-59,500/t ($740-746) ex-Mumbai.

The Reserve Bank of India’s recent decision to allow import payment settlement in rupees has further eased hurdles for Russian and Iranian ferrous suppliers to India. As a result, Russia and Iran will aim to shift more steel to India at cheaper prices, which could reverse India's net steel exporter status, a source opines.

Sayed Aameer India

voda 27 juli 2022 06:47

Steel Mac Distribution to Develop New Center in Ireland

Strategic Research Institute
Published on :
27 Jul, 2.022, 6:16 am

Belfast Northern Ireland based British firm Steel Mac Distribution is to develop a new GBP 4 million manufacturing facility at Invest NI's Global Point Business Park in Newtownabbey. Irish News reported that Steel Mac Distribution has secured planning approval from Antrim and Newtownabbey Borough Council for new 35,000 square feet manufacturing facility on lands north of Global Point Avenue.

Owned by Mr James McMahon, Steel Mac Distribution specialises in manufacturing rebar and coils for the construction industry and is the only manufacturer of CARES approved cold rolled rebar in coil on the island of Ireland. Steel Mac Distribution has been trading since 2014 & is located in the heart of the Titanic Quarter in Belfast. Complementary products range from wire forming products to straightened & bent reinforcing products.

voda 27 juli 2022 06:48

Metalloinvest Improves Maintenance & Repair with Wearable Devices

Strategic Research Institute
Published on :
27 Jul, 2.022, 6:18 am

Russian miner & steel maker Metalloinvest has expanded the functionality of smart watches used at its enterprises since 2020 to improve the efficiency of the maintenance and repair system. The wearable devices updated jointly with the JSA Group specialists will provide real-time information transmission, more accurate positioning, and improve the quality of determining the types of work being carried out. Metalloinvest’s Production Assets Efficiency Department Head Ms Natalya Vinogradova said “In total, more than 8,000 working hours were monitored among 160 repair service employees at various sites. Thanks to the new capabilities, we will increase the speed of processing the collected data, ensure operational monitoring of the health of employees and provide timely assistance, if necessary, even in remote areas.”

A pilot project on the use of wearable devices as one of the tools within the framework of a comprehensive program for the transformation of the maintenance and repair system was launched at the Mikhailovsky GOK in 2020. Then the smart watch arrived at other Metalloinvest plants Lebedinsky GOK and OEMK. The device was developed by the innovative company JSA Group OptimalFlow Group, which develops and implements advanced solutions for large businesses.

The main goals of the MRO transformation program are to increase the technical readiness of equipment, optimize maintenance standards, increase the productivity of repair personnel, and optimize stocks.

voda 27 juli 2022 06:48

POSCO Holdings Acquires Silicon Anode Material Firm Tera Technos

Strategic Research Institute
Published on :
27 Jul, 2.022, 6:20 am

POSCO Group has entered the silicon anode material business, which takes center stage as a next-generation anode material. POSCO Holdings signed a contract with Tera Science to take over a 100% stake in Tera Technos, which possesses silicon anode material production technology on 1 July 2022. Tera Technos, which is a silicon anode material startup established in 2017, possesses continuous production technology of a high-temperature liquid method with excellent heat transmission, and it can increase productivity by more than three times compared to the existing batch-type technology. It also developed a technology that can increase the silicon content in the anode material by resolving the volume expansion issue by using nano-sized silicon particles.

After taking over Tera Technos, POSCO Holdings plans to start expanding Tera Technos’ production facilities this year and to mass-produce and sell silicon anode materials from the first half of 2024. POSCO Holdings plans to secure mass production technology such as process development and production & quality management system construction by gathering Terra Technos technology with POSCO Group’s secondary battery material-related technical capabilities such as the Future Technology Research Institute, POSCO, POSCO Chemical, and RIST. And in 2030, it will expand to tens of thousands of tons according to market conditions.

Silicon anode materials are next-generation anode materials that can boost electric vehicle mileage and shorten charging time by quadrupling energy density compared to graphite anode materials for lithium-ion batteries. For this reason, battery manufacturers are focusing on developing technologies that can increase the content of silicon anode materials. The silicon anode material market is expected to grow by 39% every year by 2030. The content of silicon anode materials in lithium-ion batteries is currently less than 5%, but is expected to grow to more than 10% by 2025 and more than 25% by 2030.

In the meantime, POSCO Group also produces natural/artificial graphite anode materials and needle cokes, raw materials for artificial graphite anode materials. For natural graphite anode materials, POSCO Group has an annual production capacity of 70,000 tonnes through investment in graphite mines, and for artificial graphite anode materials, it has solidified its position in the global market in the anode materials sector by completing an 8,000 tonne artificial graphite anode material factory for the first time in Korea. In addition, it has strengthened its ability to develop next-generation secondary battery materials in all directions, including an equity investment in Taiwanese all-solid-state battery company Prologium, and establishment of POSCO JK Solid Solution, a solid electrolyte production corporation.

voda 27 juli 2022 07:05

Algoma Steel Notified by USW Local 2724 Agreement Ratified

Strategic Research Institute
Published on :
27 Jul, 2.022, 6:22 am

Sault Ste Marie Ontario based Algoma Steel has been notified by United Steelworkers Local 2724, the union representing its technical, professional, and front-line supervisory employees, that their members have successfully ratified their collective agreement, providing an enhanced economic package for their members and importantly setting out the process to transition the workforce to electric arc steelmaking.

Discussions are ongoing between the Algoma Steel and the hourly employees represented by USW Local 2251, and the Algoma Steel continues to work toward reaching an agreement before the contract expires on 31 July 2022.

With Algoma Steel announcing unprecedented revenues, USW Local 2251 has proposed wage increases of 6%, 6% and 4% over the 3-year term for the next agreement. In a response, Algoma Steel offered a COLA, Cost of Living Allowance, roll-in plus a .5% increase in the first year and a CAD 1.35 increase in Years 2 and 3 reduced by any COLA amount generated. USW Local 2251 has scheduled information meetings on 27 July 27th at GFL Memorial Gardens. Strike voting will start and continue on 28 & 29 July.

voda 27 juli 2022 07:06

POSCO to Supply PosMAC & Steeleon Sheets for Incheon Airport Roof

Strategic Research Institute
Published on :
27 Jul, 2.022, 6:26 am

Korea Herald reported that POSCO’s trading arm Posco International is supplying Incheon Airport in Seoul South Korea with 23,000 tonnes of steel items to be used in expanding the airport’s second passenger terminal. They will be supplying curtain walls and roofing materials made with eco-friendly materials until Incheon Airport finishes the construction of Terminal 2 by 2024.

High-quality products made by Posco Group’s affiliates such as Posco Magnesium Aluminium Alloy Coated product which is a corrosion resistant product, and Posco Steeleon-made coated steel sheets will be used to make the 80,000 square meter roof of Terminal 2.

A curtain wall is an outer covering of a building made of lightweight aluminum and steel that does not carry the floor or roof loads of the building.

voda 27 juli 2022 07:06

NLMK Starts Testing of Dust Collection System in Steel Making Shop

Strategic Research Institute
Published on :
27 Jul, 2.022, 6:24 am

Russian steel maker Novolipetsk Iron & Steel Works has started hot testing of new environmental protection equipment in steelmaking. Installation for cleaning gases from dust with a capacity of 600 thousand cubic meters of gas per hour will reduce dust emissions by five times at the mixer section of converter shop No 1. The mixing department is designed for processing molten iron coming from the blast furnaces of the plant. The metal is averaged in terms of temperature and chemical composition, after which it is transferred to the steel smelting section. During the pouring and draining operations, dust is emitted, which is captured and cleaned by the aspiration system.

The new set of equipment includes an aspiration unit with modern bag filters, smoke exhausters and special trapping umbrellas over the places of cast iron overflow. The system allows increasing the efficiency of gas purification up to 5 mg of dust per cubic meter, which corresponds to the level of the best available technologies.

The project is the next stage in the implementation of a quadripartite agreement on cooperation in the field of environmental development until 2024 between NLMK, the Russian Ministry of Natural Resources, Rosprirodnadzor and the administration of the Lipetsk region. Of the nine planned activities, NLMK has already implemented six projects.

voda 27 juli 2022 07:08

Vallourec Provides Flowlines & SCR for King’s Quay Floating Unit

Strategic Research Institute
Published on :
27 Jul, 2.022, 6:28 am

Leading engineering, construction & services company serving the offshore energy industry Subsea 7 has selected seamless pipes leader Vallourec for the tie-back of 7 subsea wells to the King’s Quay semi-sub, located in the Gulf of Mexico and operated by Murphy Exploration & Production Company USA. The scope included 60 kilometers of 6 inches & 16 inches flowlines and Steel Catenary Risers. The project required heavy wall pipes, with wall thickness over 25mm and stringent pipe end tolerances installed by reel-lay method in water depths reaching over 1,000 meters. In addition to this technical challenge, the project was executed amidst Covid-19 restrictions, requiring reinforced HSE standards.

Vallourec’s technical expertise in the manufacturing of seamless pipes and its close proximity to EPCI companies and operators around the world, allows it to offer integrated, innovative, and cost-effective solutions for the most challenging deep-water projects.

The manufacturing of these heavy-wall pipes was due to the expertise of Vallourec’s two production hubs in Brazil and Germany, using end-truing solutions in order to meet stringent pipe-end tolerances. In addition, Vallourec’s project team1 also proposed its Smartengo Pipe Navigator solution which centralizes pipeline data to improve asset management and operational efficiency.

voda 27 juli 2022 07:11

Mr Kulaste Urges for Reducing Reliance on Coking Coal Imports

Strategic Research Institute
Published on :
27 Jul, 2.022, 6:32 am

India’s Minister of State for Steel & Rural Development Mr Faggan Singh Kulaste has said that India’s development mining & washing technologies for coking coal have not kept pace with the needs of the steel industry and urged that all concerned agencies focus on maximizing domestic production by adopting latest technologies. He stated that the country has a resource of about 34 billion tonnes of coking coal, of which about 18 billion tonnes have already been proven, the development of technology for mining and washing can make the country self-reliant besides ushering in the huge employment opportunities and accelerating the process of development of urban, semi urban and rural areas.

Mr Kulaste added that “Though India is producing more than 51 million tonnes of coking coal, its use as washed coking coal by the steel industry is very limited due to low production in existing coal washeries on account of technical constraints due to high ash content and most of the this coking coal is diverted for use by power plants. Since the ash content in coking coal is having a direct impact on the consumption as well as performance of the blast furnace, we need to upgrade the technology.”

He further said that in view of low indigenous availability of coking coal, the volume of imports of coking coal will continue to grow as the country's steel production capacity is targeted to reach 300 million tonnes by 2030-31. India imported about 57 million tonnes of coking coal in 2021-22 for meeting needs of BF-BOF segments of steel industry for producing part of 120 million tonnes of steel.

voda 27 juli 2022 07:11

Hyundai Steel Workers Occupy Dangjin Offices Demanding Wage Hike

Strategic Research Institute
Published on :
27 Jul, 2.022, 6:31 am

Pulse News reported that workers of unions aligned to Korean Confederation of Trade Unions have been occupying CEO Mr Ahn Dong-il and managerial offices of South Korean No 2 steel maker Hyundai Steel’s Dangjin steel plant since 2 May demanding steep hike in wages. The strike has spilled over to three other plants in Suncheon, Pohang, & Incheon, where managerial offices also have surrendered to unionists. The union is demanding payment of special incentives worth KRW 4 million (USD 3,050), the same rewarded to workers of other Hyundai Motor Group affiliates like Hyundai Motor, Kia and Hyundai Mobis.

Hyundai Steel’s management opposes as it had raised KRW 75,000 won in the base salary and paid out 200% of the base salary plus KRW 7.7 million for performance-based bonus compensation last year. It claims it cannot afford further hikes amid deteriorating profitability. Hyundai Steel last year paid out total KRW 1 trillion to its 11,500 employees. This means workers received an average annual salary of KRW 95 million per head, up KRW 16 million from a year-ago period.

Last year, the control center of its steel-making plant in Dangjin was illegally occupied for more than 50 days by subcontract workers, which serves as the control tower for integrated management of the plant.

Dangjin steel plant accounts for half of Hyundai Steels’ annual 24 million tonnes with three blast furnaces, as well as 1.2 million tonnes of reinforcing rods and 1 million tonnes of special steel from two electric furnaces.

voda 27 juli 2022 07:12

Baowu among Blockchain Pioneers in China

Strategic Research Institute
Published on :
27 Jul, 2.022, 6:38 am

World’s largest steel maker Baowu has ranked 14th in the 2022 Top 100 Chinese Industrial Blockchain Companies and was rated top 10 in the category of industrial application capabilities, with both index and comprehensive levels rated at S+.

The 2022 Top 100 Chinese Industrial Blockchain Companies and its analysis report were published by China Industrial Blockchain Conference. As the most influential list in the national industrial blockchain field, it was not only a highlight of the strength of the listed companies in blockchain technology but also an implication that these companies have obtained authoritative certification from the blockchain industry and experts.

voda 27 juli 2022 07:21

Benteler Intensifies Sustainability Commitment

Strategic Research Institute
Published on :
27 Jul, 2.022, 6:40 am

Salzburg Austria headquartered BENTELER Group is increasing its focus on sustainability in production, products and the supply chain. As part of a more comprehensive sustainability strategy, the company has now defined its goals and is continuing or has initiated numerous measures. The central objective is the decarbonization of the company: Production related CO2 emissions (Scope 1 and 2) are to be halved by 2030 (base year 2019). Scope 3 emissions for purchased goods and services as well as fuel- and energy-related emissions are to be reduced by 30% in the first step (base year 2019). By 2050, BENTELER wants to achieve net zero emissions for Scope 1, 2 & 3 (upstream). The BENTELER Steel Tube division is striving to achieve CO2 neutrality by 2045. To achieve this, the focus is on increased energy efficiency and the use of green electricity and climate-neutral input materials.

Other measures include clean energy, circular economy and water. For example, BENTELER will continuously convert its production plants to green electricity and reduce its global energy consumption by two percent annually. Conserving resources will be given an even higher priority in production. Waste is to be reduced by six percent by 2025. At the same time, the proportion of waste recycled, currently around 80% in the automotive division, will be increased further. Water withdrawal will be reduced by 10% by 2030 (base year 2019) especially at locations with high water stress. BENTELER's entire sustainability strategy is based on the United Nations' Sustainable Development Goals.

The extensive Sustainability Report 2021, which the company has recently published, illustrates the progress BENTELER has already made in the past year. The publication shows innovations in product sustainability as well as various measures in the areas of supply chain, production and environment. For example, the Group's Spanish automotive plants were converted to green electricity last year. The Steel/Tube division was recently awarded a silver medal by EcoVadis, one of the world's largest providers of sustainability ratings, and is now among the top 25% of companies in the "Manufacture of basic iron and steel" industry category.

A highlight in the production area is the Steel/Tube division's "Green Tubes" strategy. The division also focuses on sustainable solutions in its product portfolio: With HYRESIST, seamless, hot-rolled line pipe, BENTELER enables the safe distribution of hydrogen. In addition, BENTELER offers an innovative solution for electric vehicles with its high-pressure heat exchanger. The product contributes to particularly effective cooling of the battery – and thereby reduces the charging time. In partnership with Maruyasu Industries, the company is pooling its expertise in exhaust gas recirculation coolers. In this way, BENTELER not only ensures more sustainable mobility, but also provides its customers with concrete support in meeting planned regulations such as the EU-7 standard.

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23 apr	Mondiale staalproductie daalt toch weer
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