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voda 2 augustus 2022 07:04

Baowu Acquires 51% Stake in XinSteel in Jiangxi Province

Strategic Research Institute
Published on :
2 Aug, 2.022, 6:43 am

Chinese state owned world’s largest steel maker Baowu Steel Group has acquired a 51% stake in Jiangxi Province’s steel maker XinSteel in CNY 4.26 billion (USD 630 million) deals announced in April with state owned Capital Operation Holding Group, which held 100% equity in Xinsteel Group, the controlling shareholder of Xinyu Steel

Founded in 1982, Xinsteel Group is located in Xinyu city in Jiangxi Province and has an annual crude steel capacity of 10 million tonnes.

Baowu was established in 2016 by the reorganisation of the former Baosteel Group and Wuhan Iron and Steel Group.

voda 2 augustus 2022 07:06

K Line & JSW Steel Strengthen Bulk Cargo Business Relationship

Strategic Research Institute
Published on :
2 Aug, 2.022, 6:47 am

Japanese shipping giant Kawasaki Kisen Kaisha and K Line (India) Shipping have signed the multiple mid-long term Consecutive Vessel Contracts s with India’s largest steel makers JSW Steel for Capesized tonnage & Supramax sized tonnage. For Capesize, this is the first contract in history that Capesized tonnage performs Indian coastal trade under mid-long term CVCs.

For Supramax, vessels owned by K Line (India) Shipping has been performing both Indian coastal and international trade for carrying a variety of cargoes such as iron ore, coal, limestone, and steel products of JSW Steel since 2014 and successfully renewed those contracts. As a result, annual transport volume for JSW Steel reaches about 10 million tonnes from existing contracts and these new CVCs.

K Line (India) was established with strong Joint Venture partner in 2008 to expand businesses in India and manages K LINE group’s bulk carrier operations from India.

voda 2 augustus 2022 07:06

China Unveils Fresh Plans to Decarbonize Steel Sector

Strategic Research Institute
Published on :
2 Aug, 2.022, 6:51 am

South China Morning Post reported that China’s Ministry of Industry & Information Technology, National Development & Reform Commission and Ministry of Ecology & Environment have assigned targets to reduce energy consumption and boost recycling to reach peak carbon dioxide emissions by 2030. Industrial enterprises with annual revenue of CNY 20 million (USD 2.9 million) or more have been ordered to reduce their energy consumption by 13.5% by 2025 compared with 2020 levels, By 2030, the aim is to establish a modern industrial system with high efficiency, green, circular and low-carbon characteristics

Companies in steel, building materials, petrochemicals, non-ferrous metals, consumer goods, equipment manufacturing and electronics sectors will be subject to the new rules. The seven sectors have also been urged to actively promote green manufacturing by building low-carbon factories, developing a more sustainable green supply chain and developing a circular economy, with an emphasis on recycling and replacing carbon-heavy materials with low-carbon alternatives, according to the plan.

The plan has called for expanding the coverage of China’s national emissions trading scheme, which currently only regulates the power sector, to include industrial sectors to help with their low-carbon transition. It also wants to see progress on green finance to provide funding for green and low-carbon projects in the industrial sectors.

For the steel sector, which contributes about 15% of China’s total carbon emissions, the plan called for an annual recycling capacity of 180 million tonnes of scrap iron and steel by 2025. By 2030, the steel sector is also expected to achieve technological breakthroughs in cutting carbon emissions.

Chinese state agencies have issued several policies on achieving carbon neutrality in heavy industries. Last December, MIIT released a five-year green development plan targeting the industrial sector. The targets included cutting carbon emissions by 18%, energy use by 13.5% and achieving CNY 11 trillion of economic output by the environmental sector by 2025. The same month MIIT introduced another five-year plan to help the raw materials industry transition to low-carbon. By 2025, the production capacity of major bulk raw material goods such as crude steel and cement should either drop or remain unchanged. The energy consumption to produce a tonne of steel and cement should also be reduced by 2% and 3.7% respectively.

voda 2 augustus 2022 07:56

Rio Tinto Delivers AUD 15.6 Billion EBIDTA

Strategic Research Institute
Published on :
2 Aug, 2.022, 5:30 am

Australia-based miner Rio Tinto has posted a net profit of AUD 8.9 billion for the given half, compared to AUD 12.3 billion in the same period of the previous year. Rio Tinto Chief Executive Mr Jakob Stausholm said “We remain focused on delivering on our long-term strategy, with a steady improvement in operating performance and some notable advances in our growth agenda. We continue to strengthen our partnership with the Mongolian government following commencement of underground mining at Oyu Tolgoi, delivered first iron ore from the Gudai-Darri mine and approved early works funding at the Rincon lithium project.”

AUD 8.9 billion of net earnings, 28% lower than 2021 first half, reflected the movement in commodity prices, the impact of higher energy prices on our operations and higher rates of inflation on our operating costs and closure liabilities.

AUD 15.6 billion underlying EBITDA was 26% below 2021 first half, with an underlying EBITDA margin1 of 50%.

Pilbara iron ore shipments were 2% lower than 2021 first half due to skilled labour supply constraints, COVID-19 disruptions, ongoing mine depletion due to delays to mine replacement projects and significantly higher than average rainfall in May. Improved second quarter shipments were supported by a continued focus on mine pit health and commissioning of the new Gudai-Darri mine. Rio Tinto is currently experiencing elevated levels of unplanned absences at our Pilbara operations due to COVID-19 case spikes in Western Australia.

Guidance

Pilbara iron ore (shipments. 100% basis) - 320 to 335 million tonne

Bauxite - 54 to 57 million tonne

Alumina - 7.6 to 7.8 million tonne

Aluminium - 3.0 to 3.1 million tonne

Mined copper - 500 to 575 kilo tonne

voda 2 augustus 2022 08:39

Indian bulk scrap offers plunge on recent deals
213 Views

Following the drop in containerised imported scrap offers, Indian bulk imported scrap offers fell remarkably in recently concluded deals. The drop is attributed mainly to a decline in bookings by other importers, namely Pakistan, Bangladesh, and Turkey, Kallanish notes.

On Friday, a deal for 40,000 tonnes of UK-origin shredded and HMS was booked at an average of $400/tonne cfr Chennai. According to sources, HMS in the deal was pegged at $395/t cfr Chennai and shredded at $405/t cfr.

A deal for 33,000t of US-origin shredded, PNS, and HMS was also booked on Friday at an average of $409/t cfr Chennai. The cargo includes 22,000t of shredded and PNS, and 11,000t of HMS.

“India has increased intake of bulk imported scrap, considering the fall in the domestic sentiments of Pakistan and Bangladesh,” says a source. “We expect more bookings to be done in the coming days.”

These bookings follow the previous deal done for a US-origin 32,000t bulk cargo at an average of $427/t cfr India for a single discharge at Chennai, and $431/t for a double discharge at Chennai and Kandla. The 32,000t parcel includes 10,000t bonus, 8,000t HMS, and 14,000t shredded scrap.

In Pakistan, a bulk vessel containing 29,000t of UK-origin shredded is expected to arrive at Port Qasim on 5 August, after being booked in June at $480/t cfr Port Qasim. Sheikhoo Steel is heard as the largest among the three or four buyers of the cargo.

In Bangladesh, the last bulk booking was heard for 30,000t of Australia-origin bonus and HMS scrap at an average of $427.5/t cfr Chittagong. This parcel includes 18,000t bonus booked at $430/t cfr Chittagong and 12,000t HMS at $425/t cfr Chittagong.

Sayed Aameer India

voda 3 augustus 2022 06:44

HBIS Material Technology Research Institute to Go Beyond Steel

Strategic Research Institute
Published on :
3 Aug, 2022, 6:15 am

China’s second largest steel maker HBIS has restructured HBIS Steel Research Institute into HBIS Material Technology Research Institute to include vanadium & titanium technology innovations and applications within its scope of focus. HBIS Chairman Mr Yu Yong while inaugurating HBIS Material Technology Reseach Institute in Shijiazhuang on 27 July 2022 said “The establishment of HBIS Material Technology Reseach Institute is concrete actions of HBIS too keep up with the pace of developments. The continuous deepening of supply side structural reform and acceleration of high-quality development have given rise to more new industries, new forms and new models of business and created new opportunities and space for the development of the steel industry.”

Mr Yong said that “After equipment & product upgrading and location adjustment, HBIS has a strong process equipment, technology and talent reserve, with a solid foundation to advance into the steel and iron field, but also more need to play the power of science and technology and talent support role. With the establishment of HBIS Material Technology Research Institute as a new starting point, HBIS will further promote the transformation and upgrading of steel to materials, manufacturing to services, maximize the release of equipment, talent, technology, innovation and other all-factor development advantages, so that the products have more technical content and greater competitive value. HBIS will comprehensively improve the effective and high-quality supply of iron and steel materials, strive to solve the bottleneck problem of relying on imports of high-end materials, promote the steel industry to achieve high-level science and technology self-reliance, and contribute to the construction of a more independent, safe and rigid supply chain.”

Mr Yong added “Around steel to materials & manufacturing to the service, HBIS will deeply grasp the national industrial structure adjustment and the demand of the social transformation and economic development and follow up of new industry demand for iron base of new materials, new business modes and on the basis of constantly updated HBIS material and market directory, one step ahead in the new industries and new forms, in the new round of development and new market layout, HBIS will further form new comparative advantages and competitive advantages in products and technologies, and promote the development of the steel industry to a new height.”

HBIS Material Technology Research Institute will face the major direction of scientific and technological revolution and industrial transformation, implement the national development strategy of new materials, focus on the research and development and application of utility model materials, and promote the innovation and reform of major cutting-edge processes and key generic technologies, with the market demand of key industries and new industries and new business forms as the traction. To build the original technology source and application innovation highland of iron base and vanadium titanium materials, and to build an industry-leading and world-class applied technology research institute.

voda 3 augustus 2022 06:45

Uzmetkombinat to Export Steel to Europe

Strategic Research Institute
Published on :
3 Aug, 2022, 6:17 am

Uzbekistan’s state owned SFI Management Group’s steel maker Uzmetkombinat has opened a trading office in Lithuania’s capital Vilnius to supply rebar and wire rod to the Baltic countries by rail and road, as well as to northern and Eastern Europe through the port of Klaipeda. Its main goal is to export long products form Uzbekistan to Europe, where opportunities have emerged after the cessation of supplies from Russia, Belarus and Ukraine due to the Russian invasion of Ukraine to Latvia, Lithuania, Sweden, Finland, Denmark and Norway. Uzmetkombinat Executive Director Mr Dilshod Akhmedov said "We are aiming to become a stable and long-time partner for the European market. As the mill is the largest steel producer in central Asia, we have all the needed knowledge, skills and capacities to be permanently present in Europe.”

Despite significant logistics costs, high prices in European markets will be able to ensure the profitability of metal supplies. The plant expects to annually export to the European Union 40,000 tonnes of wire and fittings with a diameter of 10-25mm.

Uzmetkombinat rebar is already certified in Lithuania, Latvia and Sweden, and in the near future expects to receive similar documents in Finland, Denmark and Norway.

Uzmetkombinat produced 1.075 million tonnes of finished long products in 2021. Of these, 123,000 tonne were exported, mainly to the neighbouring countries of Central Asia.

Uzmetkombinat began in 1944 with an open hearth furnace and constructed new production lines as well as continuous caster in 1962. In the 70s were built and put into operation a steel plant enamelware, arc-furnace plant in the early 80's began production of long products and billets, the new Rolling Mill number 2. In the 90s were commissioned pipe welding shop and plot producing grinding balls with a diameter of 67 mm and 100 mm.

voda 3 augustus 2022 06:45

Akcelik Expanding Dilovasi Steel Service Center

Strategic Research Institute
Published on :
3 Aug, 2022, 6:19 am

Turkish Akcelik has signed a contractor agreement for the construction works for its new steel service center to be built in the organized industrial zones in Dilovasi in Kocaeli in Turkey. Dilovasi Steel Service Center, with investments of TRY 60 million, will be established on an area of 5,000 square meters and would use solar power. The construction of the steel service center to add 40,000 tonnes capacity is planned to be completed by 30 October 2022 and will become operational in the first half of 2023.

Akcelik currently has an annual processing capacity of 100,000 tonnes of steel, including carbon steel and alloy steel such as flat bars, plates, billets and hexagons. Akcelik also has 90,000 tonnes per year of bright bar production capacity at its peeling, cold-drawing and grinding lines in Turkey.

Akcelik also plans to double the capacity of 58% owned Romanian chrome plated steel bars and tubes producer Tristar Steel within five years with new investments. Tristar produces hard chrome-plated steel bars and linear shafts with diameters in the range of 6-40 mm.

Akçelik Demir Çelik was founded by Mr Salih Kiliç in Izmir in 1978. Akçelik continued to sell high quality steel based on customer requests and the industrial needs and company goals, and opened its first bright steel factory in Izmir Atatürk Organized Industrial Zone in 1990. Akçelik increased its reach in the industry when it became the dealer for Çemtas and Asil Çelik and decided to move its headquarters to Kocaeli which is considered to be the geographical heart of the Turkish industry. In addition to the production plant built in 2004, the company opened distribution centres in Konya in 2006, in Ankara in 2012, in Kocaeli in 2013 and in Istanbul in 2014. In 2019 Akçelik revamped all its machinery and built integrated production lines with major investments and modernization under the framework of Industry 4.0 and increased its production capacity to a yearly 90,000 tonnes. With its Steel Service Centres Akçelik answers both hot rolled product needs and high quality bright steel demands of its customers. Logistics centres allow customers to have easier access to high quality steel and with Akçelik Online it is possible to buy steel 24 hours a day and 7 days a week.

Akçelik got even stronger when the company acquired BWS Blankstahlwerk Sindorf factory in Kerpen in Germany in 2020.

voda 3 augustus 2022 06:46

Tata Steel Mining Ropes TERI to Make Operations Water Neutral

Strategic Research Institute
Published on :
3 Aug, 2022, 6:21 am

Tata Steel Mining has partnered with energy, environment and sustainable development specialist The Energy & Resources Institute to conduct water audits at five of its operational facilities in Odisha to ensure more efficient use of water and its conservation. The initiative focuses on several facets, including comprehensive water audits involving water use and water balance, water quality profiling, identification of water losses and leakages. The study aims to identify recommendations for efficient water management at these facilities concerning water reuse, recycling and conservation, as well as a reduction in specific water consumption. This will enable Tata Steel Mining to develop an integrated industrial water management strategy that optimises efficient use of water and improves water productivity at its units. Additionally, the results of the survey will contribute towards the National Water Mission’s goal of improving water use efficiency.

Tata Steel Mining has also partnered with Karnataka based water solutions provider FluxGen Engineering Technologies to install AquaGen mechanism to reduce water consumption. AuqaGen is Software as a Service platform that will give a secure single window access system to digital data of the entire water infrastructure on parameters such as water flow, water level, and bore well water level. To begin with, Tata Steel Mining is deploying AquaGen at its Sukinda Chromite Mine in Jajpur and Ferro Alloy Plant at Athagarh in Cuttack district of Odisha, covering the complete value chain of ferrochrome making.

To ensure fulfillment of the commitment of net zero wastewater discharge, Tata Steel Mining has developed 108 million liters per day capacity onsite Central Effluent Treatment Plant at Sukinda Chromite Mine. The central ETP effectively treats 100% of the generated effluent and allows Tata Steel Mining to reclaim up to 90-95%t of recycled water. Sukinda Chromite Mine township has a Sewage Treatment Plant that treats domestic waste water into treated water, which is reused for gardening, washing of machineries and vehicles – resulting in zero liquid discharge.

Tata Steel Mining is also working to install another central ETP of 1200 cubic meter per hour capacity for its Saruabil and Kamarda chromite mines in Sukinda. Tata Steel Mining’s both the ferroalloy plants at Gopalpur in Ganjam district and at Athagarh in Cuttack district of Odisha have onsite effluent treatment plants that treat onsite process water. For its Athagarh plant it has already reduced its water intake by 0.50 cusecs. The Company has constructed garland drains around its plant boundaries and a settling pit to channelise waste water from jigging and hot metal cake quenching operations as well as surface run-off to the ETP. The 100% recycled water is reused on-site in metal cooling and jigging for sprinkling water on the road and gardening. Both production plants have a sewage treatment plant that treat domestic wastewater. Treated water is reused for gardening purposes, making both the facilities zero liquid-discharge.

voda 3 augustus 2022 06:46

NLMK Launches New Online Air Quality Monitoring System

Strategic Research Institute
Published on :
3 Aug, 2022, 6:23 am

Russian steel maker NLMK has introduced a new online air quality monitoring system at the sites of Novolipetsk Iron and Steel Works and Stoilensky GOK. The equipment will allow you to collect data for a more detailed and reliable analysis of the company's impact on the environment.

The complex consists of mini-posts with special sensors, which are located on the border of the sanitary protection zone of enterprises. Sensors measure the concentration of controlled substances and every five minutes transmit readings to a single system where environmentalists can monitor the state of the environment and respond to deviations.

The complex also takes into account the parameters of weather conditions, which allows, if necessary, to adjust production processes. 12 complexes are installed at two sites.

By the end of the year, the company plans to introduce a similar system at the site of the Altai-Koks plant.

voda 3 augustus 2022 06:47

BaoSteel Supplies 2060MPa Steel Wire for Lingdingyang Bridge

Strategic Research Institute
Published on :
3 Aug, 2022, 6:26 am

Chinese steel giant BaoSteel announced that the first cable strand of the main cable of the Lingdingyang Bridge in the Guangdong-Hong Kong-Macao Bay Area was successfully erected. 2060 MPa steel wire developed by Baowu was used in bridge construction on a large scale for the first time. There are two main cables along the upstream and downstream of the bridge. Each main cable is composed of 199 cable strands, which itself is composed of 127 high-strength steel wires.

Baosteel Metal successfully developed and launched for the first time in the world the 2060 MPa Zn-Al-Mg coated steel wire in 2019, which integrates many core technologies and is at the world leading level.

The Lingdingyang Bridge is a 1666 meter main span suspension bridge with a 270 meter high main tower. Lingdingyang Bridge not only is the sea-crossing bridge with the highest navigable clearance in the world, but also the steel box girder suspension bridge with the longest span over the sea.

voda 3 augustus 2022 06:47

ArcelorMittal Brazil Reports Strong Results for Apr-Jun’22 Quarter

Strategic Research Institute
Published on :
3 Aug, 2022, 6:28 am

ArcelorMittal announced that Brazil segment crude steel production increased by 1.5% to 3.1 million tonne in Q2 of 2022 as compared to 3.0 million tonne in Q1 of 2022 and 3.2 million tonne in Q2 of 2021. Steel shipments of 3.0 million tonne in Q2 2022 were broadly stable as compared to Q1 2022, but with higher domestic mix, and 1.3% higher as compared to Q2 of 2021.

Sales in Q2 of 2022 increased by 18.4% to USD 4.0 billion as compared to USD 3.4 billion in Q1 of 2022, primarily due to 18.7% increase in average steel selling prices, with prices higher in both domestic and export markets.

Sales in Q2 of 2022 were 22.1% higher than USD 3.3 billion at Q2 of 2021 primarily on account of higher average steel selling prices up by 18.9%. Operating income in Q2 of 2022 of USD 1,201 million was higher as compared to USD 674 million in Q1 of 2022 and USD 1,028 million in Q2 of 2021. EBITDA in Q2 of 2022 increased by 73.8% to USD 1,272 million as compared to USD 732 million in Q1 of 2022, primarily due to a positive price-cost effect as well as a gain of USD 0.2 billion related to Pis/Cofins tax credits from prior years for scrap purchases20. EBITDA in Q2 of 2022 was higher than USD 1,084 million in Q2 of 2021.

voda 3 augustus 2022 06:49

Austrian Furnace Maker AICHELIN Expects Bright Future

Strategic Research Institute
Published on :
3 Aug, 2022, 6:30 am

Modling Austria headquartered leading heat treatment plant manufacturer AICHELIN is optimistic about the future due not only to numerous incoming orders in the area of new plants, but also to the increased demand for rebuilds and maintenance. AICHELIN Managing Director Mr Michael Reisner said “Like any other industrial company, the procurement side presents us with major challenges in terms of availability and price. However, as far as the order situation is concerned, we are very proud that, in addition to long-standing existing customers, numerous new customers also rely on the quality and reliability of our products.”

In the service sector, the current uncertainty surrounding the gas supply is generating a sharp increase in demand for conversion from gas to electric heating and AICHELIN Service is being contacted daily by customers who want to switch to electric heating systems as well as for maintenance and conversions to increase system efficiency.

To meet the current requirements, the AICHELIN Green Check has been launched as a special service offer. With it, the AICHELIN experts analyze any CO2 and energy saving potential and work out concrete implementation steps with the plant operator. Originally developed as a decarbonization measure, the service solution really shines in the current situation.

AICHELIN is also increasingly focusing on the trendsetting area of electromobility. The focus here is on heat treatment systems for drives, electric motors and the production of battery powder.

An important milestone for the second half of the year is the opening of the Assembly Center Europe in Celje, Slovenia. This consolidation of new equipment manufacturing in Europe at one location will further strengthen the competitiveness and influence of the AICHELIN brand.

voda 3 augustus 2022 06:49

Nippon Steel Pipe Overseas ERW Business for Automotives

Strategic Research Institute
Published on :
3 Aug, 2022, 6:32 am

Nippon Steel and its wholly owned subsidiary Nippon Steel Pipe have agreed to reorganize Nippon Steel Pipe’s overseas business of electric resistance welded pipe for automotive applications. The business, which has been positioned under Nippon Steel Pipe within the Nippon Steel Group, will be transferred to Nippon Steel in order to adapt to today’s changing market environment and strengthen the business. Nippon Steel Pipe will be split into two companies, one which will own the shares of Nippon Steel Pipe’s overseas subsidiaries and the other which will operate the domestic business. Effective date of split is 1 October 2022.

Overseas business companies that operate the business

Nippon Steel Pipe America, USA - 80.0%

Nippon Steel Pipe Mexico, Mexico - 73.7%

Nippon Steel Pipe Guangzhou, China - 66.0%

Wuxi Nippon Steel Pipe, China - 71.0%

Vietnam Nippon Steel Pipe, Vietnam - 60.0%

Nippon Steel Pipe (Thailand), Thailand - 57.6%

Thai Steel Pipe Industry, Thailand - 55.0%

Siam Nippon Steel Pipe, Thailand - 60.5%

Indonesia Nippon Steel Pipe, Indonesia - 60.0%

Nippon Steel Pipe India, India - 85.5%

Guangzhou Asahi-NS-Manufacturing Automotive Parts, China - 20.0%

Nippon Steel said “With regard to the environment surrounding the Business, while automobile production levels have slowed due to the COVID-19 pandemic and caused stagnation in the supply chain, we expect to see qualitative composition changes in the market persist, such as the ongoing growth in SUV vehicles and rise of electric vehicles in the future. To ensure that the business survives and grows amid this environment, we have decided to transfer the business from Nippon Steel to Nippon Steel, as it is deemed essential for taking advantage of growth opportunities by fully utilizing the expertise and technological and developmental capabilities that Nippon Steel has cultivated to date.”

Nippon Steel added “This transfer will enable the Business to further integrate its global business strategies, optimize the production system, and pursue a product mix that is suitable for the production assets at each site. At the same time, the transfer will enable Nippon Steel Pipe to focus on its domestic business, thereby concentrating management resources and further strengthening cost competitiveness. Overall, this will enable the Nippon Steel Group to optimize the structures of both overseas and domestic business.”

voda 3 augustus 2022 06:50

Sarralle Starts Scrap Cleaning Machine Riva Industries in Morocco

Strategic Research Institute
Published on :
3 Aug, 2022, 6:34 am

Sarralle has commissioned a new scrap cleaning machine at Riva Industries facilities at the El Jadida plant in Morocco. It is a facility with a cleaning capacity of 100 tonnes per hour of scrap and in this case, following customer's instructions, it has been installed in an outdoor shed where the scrap is processed and subsequently transferred to the park for loading in the scrap buckets. The new facility supplied by Sarralle is capable of processing and cleaning different types of scrap, types classified as E1, E40 & HMS with densities between 0.3 and 0.5 tonnes per cubic meters.

It is a machine with an 8 meter long vibrator where the scrap is loaded and through the vibration of said container the land & sterile is separated. Subsequently, the scrap is separated by means of the magnetic drum to the collection pit and the earth falls to another vibrator that feeds the sterile belt. In this project, on the tailings conveyor, part of the scrap that has gone with the land is again separated by means of a magnetic overband. The process is controlled by a PLC with communication through an HMI screen. It also has a remote system that can be used by the scrap loading operator.

Scrap cleaning equipment improves the melting process, obtaining benefits such as reducing the consumption of energy, raw materials, refractories and electrodes. At the same time, this type of equipment will allow better process automation and greater respect for the environment. The main objective of the installation of this machinery is to reduce energy consumption in the electric arc furnace. The installation of a scrap preparation system allows the applied energy to be concentrated solely on the fusión of iron-based materials. This avoids the energy expenditure that currently occurs in heating loose hearth and refractories, plastic and rubber elements, cellulose and non-ferrous materials that accompany scrap metal.

Founded in 1965, Azpeitia Gipuzkoa headquartered Spanish technology provider Sarralle is leading provider of Design, Engineering, Manufacturing and Installation services to the Environment, Energy & Steel Works worldwide with presence in more than 9 countries.

voda 3 augustus 2022 06:52

Tata Steel Bags JRDQV Award & TBEM Benchmark Leader Recognition

Strategic Research Institute
Published on :
3 Aug, 2022, 6:36 am

Tata Steel has received the coveted JRDQV award at an enterprise level and was also recognized as the Benchmark Leader under the Tata Business Excellence Model Assessment for the Assessment Year 2021. The JRDQV Award 2022 function was held in Mumbai on 29 July 2022, the 118th Birth Anniversary of Bharat Ratna Jehangir Ratanji Dadabhoy Tata. Tata Group Chairman Mr N Chandrasekaran presented the award to Tata Steel CEO & MD Mr TV Narendran.

The assessment was carried out for Tata Steel in India at an enterprise level, covering all business units of the India operation as one entity. The Company went through a rigorous assessment carried out by a 24-member team comprising members from various Tata Group companies and mentored by Harish Bhat, Brand Custodian Tata Sons.

The steel business unit of Tata Steel is credited with the prestigious honor of being the first recipient in the Tata Group to be recognized with the JRDQV award in the year 2000. Later, the Tubes division, Wires division, and the Ferro Alloys and Minerals Division had also reached this milestone.

Tata Business Excellence Model, adopted in Tata Group in 1995, is an assessment model in line with Malcolm Baldrige Model of USA. This is used to assess the Tata Group Companies. The process is managed by Tata Business Excellence Group. TBEM Assessment intends to improve the business performance of the Group Companies. Assessment is done on multiple dimensions of business requirements such as Leadership, Strategy, Customers, Measurement Analysis and Knowledge Management, Workforce, Operations, Safety and Business Results. A team of TBEM assessors constituting members from different Tata Group Companies assess in detail the above requirements and study the company’s existing systems and processes. The companies are assessed against a score of 1000 and organizations exceeding 650 are recommended for JRDQV award.

voda 3 augustus 2022 06:53

Russia Keeps Scrap Export Tax till 2022 End

Strategic Research Institute
Published on :
3 Aug, 2022, 6:38 am

The Russian government has decided to extend the quota restriction on the exports of ferrous scrap and waste outside the Eurasian Economic Union until the end of 2022. According to the new resolution, the quota will be 1.35 million tonnes. If the export volume is in the quota amount, the duty will be 5% per tonne, but not less than EUR 100 per tonne. If exceeding the quota limit, a duty of 5%, but not less than EUR 290 per tonne will be imposed.

The latest decision is intended to secure the needs of local steel producers and to restrict excessive steel scrap exports to destinations not friendly to or not supportive of Putin’s regime. Moreover, the Russian authorities believe that the restriction will result in lower scrap prices in Russia and will consequently soften mills’ production costs and therefore the prices for steel products will decline. Lower finished steel product prices will support infrastructure projects.

In 2021, the Russian government introduced temporary export duties for ferrous and non-ferrous metals amid growing prices on global markets. That helped mitigate the impact of external market conditions on the domestic market situation, adjust commodity prices and ensure the continued implementation of large infratstructure projects.

voda 3 augustus 2022 06:53

CPL Industries Delivers ecoke Biofuel to Sidenor Special Steels

Strategic Research Institute
Published on :
3 Aug, 2022, 6:40 am

UK based CPL Industries continues to expand its penetration in to hard-to-abate and energy-intensive industries, delivering the first commercial trial to Sidenor's Electric Arc Furnace production site at Basauri in Spain. CPL Industries CEP Mr Jason Sutton said “We are immensely proud to support Sidenor's robust sustainability agenda. Sidenor's credentials in reducing C02 emissions and decarbonization strategies are already very advanced and we were able to identify a natural fit between our businesses to pursue a common goal.”

ecoke, developed by CPL Industries during the final months of 2021, has already found considerable success in metals industries throughout Europe in the UK, Germany, France, Italy and Scandinavia and is now attracting attention from a wider global audience. ecoke provides an immediate path to decarbonization and we are committed to a programme of product development and research investment to deliver advances in biofuels in order to exceed industry expectations and deliver further carbon savings over the coming years.

In recent months customers have additionally been faced with delivery security issues and we are actively working with a number of major industrial companies on how best the combined capacity of 500,000 tonnes per annum across UK and Ireland production facilities can help alleviate these supply-chain issues and provide security of supply."

ecoke is a manufactured fuel containing a minimum of 30% fully renewable, sustainably sourced, biomass. This new fuel also has significantly lower carbon emissions compared to traditional fossil-based coke and anthracite with comparable performance and specifications.

CPL's corporate headquarters are located at Killamarsh near Sheffield in UK, with its principal manufacturing plant located adjacent to Immingham docks.

voda 3 augustus 2022 06:54

Steel Ministry Seeks Pellet Export Tax Exemption for KIOCL

Strategic Research Institute
Published on :
3 Aug, 2022, 6:42 am

The Business Line reported that Steel Ministry has written to the Central Board of Indirect Taxes & Customs seeking exemption of export duty on iron-ore pellets sold by the state owned pellet producer KIOCL in overseas markets as export duty is impacting operations of the company and has also hit foreign exchange earnings. KIOCL had announced suspension of operations at its pellet plant at Mangalore in view of unviable operation due to levy of duty on export of pellets on 7 June, after the government imposed an export duty of 45% on iron-ore pellets.

BusinessLine report cited Steel Ministry’s official as saying “KIOCL being a shore-based plant with captive berth and mechanized loading facilities can import high grade iron ore from off shore sources and supply pellets to foreign countries as DR grade pellets where the iron content is 66% typically. This shall help preserve the iron ore resources of the country and in turn shall earn foreign exchange. Exempting KIOCL from payment of export duty for export of pellets manufactured from imported iron ore will enable KIOCL to continue its business of utilizing its plant and earn foreign exchange.”

Formerly known as the Kudremukh Iron Ore Company, the KIOCL is a PSU under the Ministry of Steel and is an export oriented unit. Its foreign exchange earnings in the last three years has been INR 1,277 crore in 2019-20, INR 1,759 crore in 2020-21 and INR 2,810 crore in 2021-22, respectively.

voda 3 augustus 2022 06:54

Emirates Steel Arkan Reports Strong Results for Apr-Jun’22 Quarter

Strategic Research Institute
Published on :
3 Aug, 2022, 6:44 am

UAE’s largest publicly traded steel and building materials company Emirates Steel Arkan has reported a net profit of AED 207 million (USD 56 million) in April-June 2022 quarter compared to a pre merger loss of AED 24 million in the same period of last year and a 184% gain from AED 73 million in Q1, driven by higher sales volumes and prices, enhanced operational efficiencies, and a supportive commodity market environment. Revenues rose to AED 2.57 billion in Q2 compared to AED 195 million in the corresponding quarter last year. Steel continued to contribute 90% of the Group’s revenues and building materials 10%.

Emirates Steel Arkan Chairman Hamad Abdulla Mohamed AlShorafa Alhammadi said “During the second quarter, the management continued the integration of Arkan and Emirates Steel, creating increased opportunities for growth and employment. The strength of the results reflects how the creation of a national steel and building materials champion is supporting the UAE’s efforts to bringing about further economic diversification by nurturing the growth of the nation’s industrial base and increasing the competitiveness of Emirati goods and services in global markets. The measures the Group has taken in H1 to optimize its business will allow us to continue executing our strategy with increased confidence.”

The Group’s net profit for the first six months of 2022 was AED 280 million compared to a pre-merger loss of AED 23 million in the first half of 2021 while revenues rose to AED 4.61 billion versus AED 418 million in the same time frame. During the first half of 2022, the Group enhanced the efficiency of its plants and put in place a process of prudent raw materials inventory management and maintained finished product volumes at low levels to take advantage of and manage the risks associated with increasing price volatility.

The Group’s steel business reported an EBITDA of AED 524 million in the first half on a stand- alone basis, a substantial jump from AED 246 million in H1 2021. The increase was boosted by strong demand from Europe and the Americas for rebars, sections and sheet piles as the number of export markets increased to 60 from 56. Rebar sales rose by 8% year on year to 904,000 tonnes in the first half. At the same time, first half sheet pile revenue grew by 400% year on year.

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