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Synalloy Reports Strong Apr-Jun’22 Quarter Results

Strategic Research Institute
Published on :
10 Aug, 2022, 6:24 am

Oak Brook Illinois based US steel tube maker & specialty chemicals supplier Synalloy has reported 40% YoY & 283% YoY surge in revenue & income in April-June 2022 quarter. Synalloy President & CEO Mr Chris Hutter said “After a strong start to the year, we sustained our momentum and generated a fifth consecutive quarter of year-over-year growth across the top and bottom line. We continued to make progress on our transformation efforts through diversifying our supply chain, widening our sales funnel, and steadily growing our footprint and manufacturing capacity. In our metals segment, or what we will be referring to as tubular products going forward, we added new international suppliers which strengthened and diversified our supply chain network, resulting in lower lead times and incremental margin improvements.”

Net sales in the metals segment in second quarter of 2022 increased 28% to USD 87.2 million compared to USD 68.1 million in the second quarter of 2021. Operating income in the second quarter increased 72% to USD 12.9 million compared to USD 7.5 million in the prior year period. Adjusted EBITDA in the second quarter increased 46% to USD 14.7 million compared to USD 10.1 million in the prior year period. As a percentage of segment net sales, adjusted EBITDA improved 210 basis points to 16.9% compared to 14.8% in the second quarter of 2021.

Synalloy’s metal business comprises of

Brismet

Specialty Pipe & Tube

American Stainless Tubing

Brismet is manufacturer of welded pipe, from stainless steel and other nickel alloys. With the combined strength of two plants, Bristol Metals provides customers with diverse products and process offerings for welded pipe and tube. We meet customers’ most challenging requests while delivering the highest-quality product in a timely manner. Products include welded stainless, nickel alloy, 6% moly, duplex, super duplex pipe and tube. It has 280,000-square-foot Munhall facility, located outside Pittsburgh in Pennsylvania, offers a diverse product line including pipe, tubing and ornamental stainless steel products, as well as galvanized rounds and shapes. Serving customers since 1965, the 190,000-square-foot Bristol plant, located in Northeast Tennessee, produces larger diameter welded pipe and tube, diverse alloy offerings and many of the same products made in Munhall. Both facilities feature in-house testing, giving us the ability to produce a broad range of specifications and provide optional customer testing requirements.

Specialty Pipe & Tube is the country’s premier distributor for hot finish seamless, carbon steel pipe and mechanical tubing. Specialty Pipe & Tube focuses on unusually large outside diameters with exceptionally heavy wall thicknesses and serves as a critical link between long lead times of producing mills and the immediate demands of the industrial manufacturing base and energy markets in North America. Established in 1964, Specialty Pipe & Tube operates facilities in Ohio and Texas, strategically placed to optimally serve its core markets. Both facilities maintain prime, fully certified AML inventory, automatic cutting and processing equipment, as well as knowledgeable and responsive sales personnel. Most inquiries are answered within minutes and most orders are shipped within 24 hours, if not the same day.

American Stainless Tubing strives to make the best ornamental tubing in the industry. From two locations conveniently located near the Intersection of I-40 and I-77, our finishing equipment allows us to produce a finished steel tube at a quality others rarely achieve..
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Canada Keeps AD & CVD Duty Large Dia Line Pipes from China & Japan

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

The Canadian International Trade Tribunal has announced its decision regarding the anti-dumping duty on welded large diameter carbon and alloy steel line pipe from China and Japan and the countervailing duty on these products from China, finding that the expiry of the existing AD and CVD orders are likely to result in injury. Therefore, the Canada Border Services Agency will continue to impose AD and CVD duties on these products.

Product - Welded large diameter carbon and alloy steel line pipe with an outside diameter greater than 24 inches or 609.6 mm and less than or equal to 60 inches or 1524 mm, regardless of wall thickness, length, surface finish (coated or uncoated), end finish. For greater certainty, the product definition includes:

Line pipe produced to American Petroleum Institute specification 5L, in Grades A25, A, B and X grades up to and including X100, or equivalent specifications and grades, including specification CSA Z245.1 up to and including Grade 690;

Unfinished line pipe (including pipe that may or may not already be tested, inspected, and/or certified to line pipe specifications) originating in China and Japan, and imported for use in the production or finishing of line pipe meeting final specifications, including outside diameter, grade, wall-thickness, length, end finish, or surface finish

Non-prime and secondary pipes

The HS codes for products involved before February 4, 2021 are 7305.11.00.22, 7305.11.00.23, 7305.11.00.24, 7305.11.00.25, 7305.12.00.21, 7305.12.00.22, 7305.12.00.23, 7305.12.00.24, 7305.19.00.22, 7305.19.00.23, 7305.19.00.24, and 7305.19.00.25, and those from February 4, 2021 were revised to 7305.11.00.41, 7305.11.00.42, 7305.11.00.43, 7305.11.00.44, 7305.11.00.49, 7305.12.00.41, 7305.12.00.42, 7305.12.00.43, 7305.12.00.44, 7305.12.00.49, 7305.19.00.22, 7305.19.00.23, 7305.19.00.24, and 7305.19.00.25.
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US Steel Shipments in H1 of 2022 Flat YoY

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

The American Iron and Steel Institute HAS reported that for the month of June 2022, US steel mills shipped 7.606 million net tons, a 5% decrease from the 8.032 million net tons shipped in June 2021 & down 4% from the 7.911 million net tons shipped in May 2022.

Shipments in January – June 2022 are 45.973 million net tons, no change vs shipments of 45.970 million net tons for six months of 2021.

A comparison of shipments year-to-date in 2022 to the first six months of 2021 shows the following changes

Hot rolled sheet, down 5%

Cold rolled sheet, down 11%

Corrosion-resistant sheet and strip, down 3%
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Usiminas Apr-Jun’22 Quarter Profit hit by FOREX Loss

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

Brazilian steelmaker Usinas Siderurgicas de Minas Gerais has reported a 77% drop in April-June 2022-quarter net income from a year earlier, after currency swings eroded revenues and output disruption reduced sales. Usimnas has reported net profit of BRL 1.06 billion (USD 204 million) in the period. Net revenue totaled BRL 8.53 billion, down 11% YoY. Usiminas said currency volatility had led to BRL 306 million-real loss in the second quarter, against BRL 482.9 million-net gain from foreign exchange moves a year ago.

Sales at Usiminas’ steel division dropped 17% after lower production as blast furnace No 2 has been halted for repair work since September 2021. Higher prices, however, improved operating margins.

Looking ahead, the company said its board of directors had given approval for blast furnace No 2 at the Ipatinga Plant, scheduled to take place by the end of October 2022. The total CAPEX involved in the repairs of this Blast Furnace was maintained at BRL 35 million. The decision to resume AF2 is based on the Company’s production schedule and slab stock, in view of the expected shutdown of Blast Furnace 3 scheduled for April 2023.

Additionally, Usiminas informs that, despite the decision on the return to operation of AF2, the coke plants at the Ipatinga Plant continue to present lower production availability and that efforts and mitigating measures are currently underway. This situation has created the need for the company to purchase coke in volumes higher than usual, in addition to an additional volume of natural gas to supply the deficit in internal gas production, which must be maintained for the period in which the coke plants show operational performance. The company expects a gradual recovery in the performance of the coke plants, with a more relevant effect in the 2nd half of 2023. The need for additional measures in relation to the coke plants is still being evaluated by the company.

Usiminas said it expects its third-quarter steel sales to be between 0.95-1.05 million tonnes, below the 1.1 million tonnes reported in the quarter through June. In the same period in 2021, sales had reached 1.2 million tonnes.
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US DOC Update on Corrosion-Resistant Steel from 3 Countries

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

The US Department of Commerce has published 5 separate decision concerning corrosion-resistant steel products from China, Korea & Taiwan

US DOC preliminarily determined that Metalco, the sole Chinese company subject to this administrative review is part of the China-wide entity because it did not file a separate rate application. The period of review is 1 July 2020 to 30 June 2021. The China-wide entity rate is 199.43%.

US OC preliminarily determined that certain corrosion-resistant steel products from Korea were sold in the United States at less than normal value during the period of review of 1 July 2020 to 30 June 2021. US DOC preliminarily determined the following weighted-average dumping margins exist

Dongkuk Steel - 1.67%

Hyundai Steel - 0.86%

KG Dongbu Steel -1.47%

POSCO – 1.47%

US DOC determined that countervailable subsidies are being provided to producers and exporters of certain corrosion-resistant steel products from Korea. The period of review is 1 January 2020 to 31 December 2020. US DOC preliminarily determined that KG Dongbu is the only mandatory respondent that received countervailable subsidies that are above de minimis. Therefore, US DOC preliminarily determined to apply the net subsidy rate calculated for KG Dongbu to the non-selected companies.

KG Dongbu Steel- 9.51%

Hyundai Steel - 0.27%

Others - 9.51%

US DOC preliminarily determined that producers & exporters subject to this review made sales of subject merchandise at less than normal value during the period of review of 1 July 2020 to 30 June 2021. US DOC further preliminarily determined that Synn Industrial had no shipments during the POR. US DOC preliminarily determined the following weighted-average dumping margins exist

Prosperity Tieh - 6.46%

Sheng Yu Steel – 5.83%

Yieh Phui Enterprise – 4.63%

The products covered re flat-rolled steel products, either clad, plated, or coated with corrosion-resistant metals such as zinc, aluminum, or zinc-, aluminum-, nickel- or iron-based alloys, whether or not corrugated or painted, varnished, laminated, or coated with plastics or other non-metallic substances in addition to the metallic coating. The products covered include coils that have a width of 12.7 mm or greater, regardless of form of coil. The products covered also include products not in coils (of a thickness less than 4.75 mm and a width that is 12.7 mm or greater

The products subject to the order are currently classified in the Harmonized Tariff Schedule of the United States (HTSUS) under item numbers: 7210.30.0030, 7210.30.0060, 7210.41.0000, 7210.49.0030, 7210.49.0091, 7210.49.0095, 7210.61.0000, 7210.69.0000, 7210.70.6030, 7210.70.6060, 7210.70.6090, 7210.90.6000, 7210.90.9000, 7212.20.0000, 7212.30.1030, 7212.30.1090, 7212.30.3000, 7212.30.5000, 7212.40.1000, 7212.40.5000, 7212.50.0000, and 7212.60.0000.

The products subject to the order may also enter under the following HTSUS item numbers: 7210.90.1000, 7215.90.1000, 7215.90.3000, 7215.90.5000, 7217.20.1500, 7217.30.1530, 7217.30.1560, 7217.90.1000, 7217.90.5030, 7217.90.5060, 7217.90.5090, 7225.91.0000, 7225.92.0000, 7225.99.0090, 7226.99.0110, 7226.99.0130, 7226.99.0180, 7228.60.6000, 7228.60.8000, and 7229.90.1000.
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Liberty Steel Georgetown to Continue Production

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

WPDE reported that Liberty Steel Georgetown will continue to roll wire rod as a deadline has passed for the city council to officially appeal the June decision by the Zoning Appeals Board.

That decision threw out the claims by the city's former zoning administrator which called for the closure of the mill based on the timeline it was closed during the COVID-19 pandemic. Liberty Steel cited the city manager's promise to recognize the 1 February 2021 restart date. That consequently nullified the zoning clause that allows the city to pull a business's favorable land status if the site remains unused for roughly a year.
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Nigeria Reconstitutes National Steel Council

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

Nigerian Government has reconstituted the National Steel Council in Abuja to achieve the goal of self-sufficiency in steel production. Nigeria’s Minister of Mines & Steel Development Mr Arc Olamilekan Adegbite at the inauguration reiterated the importance of such a feat as he stressed that the steel industry remains the backbone of modern society. He said “The steel industry serves as a key enabler in the economy by providing the basic raw materials for public infrastructure development projects and key sectors such as housing and real estate development, energy, automotive, Defence, and various, small & medium enterprises engaged in downstream engineering and fabrication business.”.

The National Steel council would be responsible for the central planning of the iron and steel industry. The Council shall consist of a chairman, executive secretary, four board members, and one representative drawn from the following Federal Ministries, which are Industry; Finance; Power and Steel.

As part of the Council’s mandates, it will also be responsible for training of Nigerians in all aspects of the iron and steel industry and related fields, the deployment of senior Nigerian Management Staff and Trainees to steel plants and other sectors of the industry and especially for Research into the Development and Manufacture of equipment to be used for the purpose of and in relation to-basic engineering in the steel industry.
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Coke Conveyor Catches Fire at Algoma Steel

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

Sault Ste Marie Ontario based Canadian producer of flat steel products Algoma Steel Group announced that a fire occurred on 7 August 2022, on one of its coal conveyors that supplies coal to two of its three coke batteries. No one was injured in this event. Algoma Steel’s President & Chief Executive Officer Mr Michael Garcia said “Our emergency response personnel, together with Sault Ste. Marie Fire Services, are to be commended for their quick action suppressing the blaze and containing damages without injury to any of our personnel.”

Iron and steelmaking operations are expected to continue in the normal course while the damage is repaired, as the Company can continue to produce coke at a reduced rate and anticipates it has sufficient coke inventory and supply contracts for purchased coke to support steelmaking operations.

The Company is continuing to assess the damage and complete repair plans.
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Kobelco Expects Automobile Decline to Impact Steel in H1 FY 2022

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

Japanese steel maker Kobelco announced that sales volume in April-June 2022 quarter decreased mainly in the steel products and in the construction machinery business, which was affected by a decrease in overall demand in China. Kobelco said “While coking coal prices rose sharply, steel metal spreads remained at the same level as the same period of the previous fiscal year due to improvement in sales prices. On the other hand, ordinary income increased by JPY 5.9 billion year on year to JPY 29.9 billion due to factors such as an increase in inventory valuation gains and compensation income related to the engine certification problem in North America in the construction machinery business.”

April-June 2022 Quarter

Net sales of JPY 210.3 billion, up JPY 42.7 billion YoY

Ordinary Income of JPY 9.7 billion, down 0.1 JPY billion YoY

Crude steel production of 1.59 million tonnes, down 0.07 million tonnes YoY

Sales volume of 1.26 million tonnes, down 0.10 million tonnes YoY

Sales price was JPY 126,500 per tonne, up JPY 35,800 per tonne YoY

Kobelco said “Compared to the previous forecast, steel metal spreads are expected to remain at the same level as the previous forecast. However, compared to the previous forecast, we anticipate a decline in sales volume in the materials and construction machinery businesses along with a delay in passing on increased procurement costs to sales prices in business segments other than steel. The FY 2022 full-year earnings forecast anticipates an ordinary income of 80.0 billion yen, with no change from the previous forecast, owing to an increase in inventory valuation gains, etc., but the outlook remains uncertain due to factors such as significant fluctuations in raw material prices and unpredictable automobile production trends. Going forward, we will steadily implement measures to improve earnings, including improving sales prices.”

Kobelco added “Compared to the previous forecast, automobile production is expected to decrease due to further production cuts mainly in the H1 of FY 2022. A full-fledged recovery in automobile production is expected to be pushed back to the Q4 of fiscal 2022. In the financial year 2022-23, Kobe Steel’s crude steel production is expected to be about 6.5 million tonne. The company's sales volume is expected to amount to about 5.3 million tonne in the given year, due to the slow demand recovery in the automotive industry.”
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Steel Minister Chairs Meeting of Advisory Committees for Steel

Strategic Research Institute
Published on :
10 Aug, 2022, 6:43 am

India’s Union Minister of Steel & Civil Aviation Mr Jyotiraditya M Scindia chaired meeting of the two Advisory Committees formed for Integrated Steel Plants and the Secondary Steel industry. Eminent members of the steel industry, associations, academia & senior retired officials from the government are members of the committees, which shall deliberate on the issues of importance pertaining to the steel sector. The Minister emphasized that the mantra of the government is to make decision-making participatory. He said “There is a great amount of interplay between various other sectors including logistics, coal & mines, the State Governments etc. The purpose of forming Advisory Committees is to ensure active participation of stakeholders to listen to the issues and possible course of action directly from the stakeholders, which will ensure success of steel sector.”

Mr Jyotiraditya M Scindia urged the industry to take active part in the Advisory Committees and said that the periodicity of the meetings will depend upon the industry’s desire to push forward to resolve issues common to the sector.

Issues to be dealt on priority were identified by both the Advisory Committees.
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JSW Steel Reports 14% YoY Surge in Crude Steel in July

Strategic Research Institute
Published on :
10 Aug, 2022, 6:45 am

India’s leading steel maker JSW Steel has reported standalone crude steel production for the month of July 2022 at 1.569 million tonnes, up by 14% YoY

Flat Rolled Products – 1.072 million tonne, up 15% YoY

Long Rolled Products – 0.365 million tonne, up 19% YoY
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Sanctions to Hit Russian Steel Mills Maintenance & CAPEX

Strategic Research Institute
Published on :
10 Aug, 2022, 6:47 am

Russian Kommersant reported that Russian metallurgists are critically dependent on foreign key equipment including rolls for rolling mills and due to Western sanctions will be forced to look for workarounds to purchase it or switch to lower-quality analogues. Russian Ministry of Industry & Trade draft industry development strategy prepared till 2030 says that almost all equipment along the entire value chain comes from unfriendly countries & underlines that the process of import substitution may take at least ten years.

In particular, in Russia there are practically no technologies for the production of high-quality refractories for blast-furnace and steel-smelting industries. Almost all of their types are imported from abroad, and those produced in Russia do not meet international standards.

In addition, Russia lags behind the world leaders in technologies of the steel sector, equipment for the redistribution of the sintering cycle, in rolling mills, galvanizing lines, polymer coating lines, and heating furnaces are not produced. The production of rolls for rolling mills, which have been mostly imported recently, has practically been lost.

The document notes that Western suppliers refuse to work with Russian companies. Metallurgists will have to partially buy inferior equipment in Asia.

Another problem is that Western companies whose equipment is used in the metallurgical industry have refused to carry out maintenance.

It is difficult to replace such equipment, which will lead to the suspension of investment projects. Evraz announced on 4 August that it had extended the modernization of the rail and beam mill at Evraz NTMK by one year due to problems with the supply of equipment. The CAPEX of the project was estimated at USD 210 million.

The Ministry of Industry & Trade told Kommersant that there are competent manufacturers of equipment for the metallurgical industry in Russia. A number of enterprises produce heating, melting, thermal furnaces, as well as foundry and rolling equipment. The production of mining and processing equipment is carried out at such enterprises as IZ-KARTEKS, Uralmashzavod, TYAZHMASH, Drobmash and others.
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BCG & SAP Offering Solutions for Managing CBAM in Europe

Strategic Research Institute
Published on :
10 Aug, 2022, 6:48 am

Global management consulting company Boston Consulting Group has last month stated that the EU carbon tax, which will be applied with the Carbon Border Adjustment Mechanism in 2026, will cause European steel importers to face additional costs of around EUR 2 billion annually by 2030, when the price of carbon in the EU is projected to reach more than EUR 100 per tonne. The magnitude of those costs will depend on the carbon efficiency of each producer. BCG analysis suggests that by 2032 the cost of iron and steel imported into the EU would rise by

US by 6% to EUR 102 per tonne

UK by 6% to EUR 134 per tonne

Turkey by 10% % to EUR 144 per tonne

South Korea by 12% to EUR 154 per tonne

China by 17% to EUR 184 per tonne

India by 32% to EUR 246 per tonne

BCG said “Starting in 2023, life will get progressively more complicated for companies importing energy-intensive products into the European Union, as well as for their non-EU suppliers. For the first few years, importers will need to document and report the CO2 footprints of imported electricity and of materials such as steel, iron, aluminum, cement, and fertilizers. Chemicals, hydrogen and plastics may be included as well. Starting in around 2026, this task will get more challenging: importers will need to calculate and pay a levy on each tonne of CO2 tied to those imports.”

BCG said “As the new tax system unfolds, compliance will only get more complicated. Importers will ultimately be responsible for documenting and paying for the carbon footprints not just of iron bars and bags of cement but of finished goods, including complex products such as cars and industrial machinery. That means accounting for all components, the materials used to make those components, the mines they were extracted from, and the fuel used in shipping. In other words, they’ll be on the hook for the carbon footprints of all their suppliers and their suppliers’ suppliers everywhere in the world. Efficiently managing the new CBAM requirements will be critical for both groups of importers. Those that struggle could face significant administrative burdens, higher costs, and supply chain disruptions as goods get stopped at the border. Companies that have a firm grip on the new system could gain a competitive advantage.”

BCG added “Most of the basic data needed by importers and foreign producers already exists within these companies' enterprise resource planning systems and those of their suppliers and partners. What is needed are solutions that can calculate carbon emissions according to the EU’s approved methodology and then allow each company in the value chain to easily and securely download and upload this information through a data exchange, carbon cloud, if you will and correctly calculate the tax. We believe that information technology is the key to efficiently implementing the CBAM in a way that will enable the tax to achieve its full potential in achieving the goals of the European Green Deal and driving global action on climate change.”

BCG and SAP have formed a partnership to deliver tech-enabled sustainability transformations intended to help companies accelerate their journey to zero waste and zero emissions. One of the initiatives underway is to develop a technology solution that will help impacted companies manage the CBAM process.
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Northwest European coil descent halts, rebound remains elusive
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The fall in northwest European coil prices has almost come to a standstill in August. Among buyers, opinions diverge if the bottom has been reached, as the mills would like to have it, or if some more euros will be conceded. However, observers largely agree that a rebound in prices will not be seen for several weeks.

“Are we at the bottom of the cycle?” a Belgium-based manager asks rhetorically. “According to the mills, yes of course, but most probably we will only know by early September depending on purchase/restocking activity at that time.”

“I’ve heard that mills expect demand from automotive to pick up; so, if that happens, it will possibly mean that there could be a bottom,” a Scandinavian source tells Kallanish. “But for now, we have not heard of any upward trend.”

One mill source is convinced about recovering demand from makers of cars and trucks. “We have seen a stable to increasing underlying consumption in those [automotive] industries, alongside other stable industries such as agriculture, energy and construction equipment,” he claims. He adds that he finds “domestic EU prices are competitive against the available import prices.”

Sources from Scandinavia to Switzerland see domestic hot rolled coil in the range of €800-850/tonne ($818-869); some allusions to prices below €800 are heard from the Benelux.

The question is if the spark in purchasing will in fact come. According to a Dutch source, “producers are on stand-by for a purchasing spur that encourages them to lift prices, but activities are nearly nil now as the holidays are still on.” He therefore expects some more reductions during August – but is also preparing for later hikes that he says could be €50-100/t.

Christian Koehl Germany
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SSAB Partners with CED Teamfor Electrified Rallycross Championship

Strategic Research Institute
Published on :
11 Aug, 2022, 6:20 am

Swedish green steel pioneer SSAB is partnering the newly-formed Construction Equipment Dealer Team, with drivers Ms Klara Andersson & Ms Niclas Grönholm, for world’s first electrified rallycross world championships. The FIA World Rallycross Championship RX1e kicks off on 13–14 August in Hell in Norway where SSAB will have a presence. There will then be qualifying rounds in Latvia, Portugal, Belgium and Spain in September and October. The venue for the last race will be Germany’s classic Nürburgring on 12–13 November. The races take place in stadiums with short tracks consisting of asphalt and gravel. SSAB’s partner Volvo Construction Equipment is the supplier of the electrical construction machines that are being used to prepare and build the race tracks.

Norway, Hell - Aug 13-14

Latvia, Riga - Sep 3-4

Portugal, Montalegre - Sep 17-18

Belgium, Spa Francorchamps - Oct 8-9

Spain, Barcelona - Oct 29-30

Germany, Nürburgring - Nov 12-13

SSAB Sales Manager in Sweden & Norway Mr Matts Nilsson said “We’re delighted about this collaboration. Together, we can develop products that enable a fossil-free future for motor sport. For us at SSAB, this is the perfect opportunity to be involved in developing fossil-free motor sport. The simple fact that cars can now be driven without fossil fuels is a great success from a sustainability perspective, and this is in line with our work to make the transition to totally fossil-free steel production. It’s exciting to look at the whole value chain and see how we can combine different competences to reduce carbon dioxide emissions. Together, we can test and develop our products to create a fossil-free future.”

Volvo Construction Equipment became the first manufacturer to deliver a construction machine built using SSAB fossil-free steel to a customer in June. The Volvo machine, an A30G articulated hauler, built using fossil-free steel was handed over from Volvo CE to NCC at a ceremony hosted by LeadIT, the Leadership Group for Industry Transition, in conjunction with the United Nations environmental meeting Stockholm+50.

SSAB aims to offer fossil-free steel at an industrial scale as early as 2026, and the goal is to largely eliminate the company’s own carbon dioxide emissions by around 2030. Together with partners and customers, SSAB aims to create a fossil-free value chain, from mine to end product. Initiatives to create more sustainable products are increasing around the world. Rallycross is one example of an area where different companies are working together to reduce carbon dioxide emissions.
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MMK’s Ogneupor Refractory Modernizes Production Line

Strategic Research Institute
Published on :
11 Aug, 2022, 6:22 am

Russian steel maker MMK’s refractory arm Ogneupor’s workshop of magnesia-dolomite refractories has completed the modernization of the mixing and dosing line No 2. With its launch, the workshop got the opportunity to produce new modern products, as well as respond more flexibly to consumer requests. Ogneupor Acting Director Mr Vyacheslav Bobylev said “The decision to upgrade was made in 2020, contracts for the supply of equipment were signed the following year, and commissioning was completed by the last Metallurgist's Day and the facility was put into operation. Russian specialists were involved in the installation & supervision, they did everything efficiently and promptly. At the same time, we managed to save about five million rubles.”

To optimize the work of the entire complex for the preparation of the molding composition, in addition to the modernization of the second line, the automated process control system of the mixing and dosing line No 1 was replaced. All work was carried out in the conditions of the existing production and under the strict control of the technological personnel.

The main properties of refractory bricks are laid down during the blending of raw materials. The modernized line makes it possible to simultaneously feed the charge with a high level of accuracy of up to 0.3% of the total mass of the filling and select exactly the layout and quality indicators that are necessary for lining the bottom, walls or slag belt of steel-pouring ladles. Prior to modernization, mixing and dosing line No 2 had only seven hoppers, which allowed using no more than seven components in the production of refractory materials; the new equipment expanded the capabilities to twelve types of charge materials. Two bunkers are intended for grain components, one for a liquid binder, which has not been used before.

With the advent of additional bins, the workshop began to produce not only periclase-carbon refractories, but also other types of refractory products. It became possible to use modifying additives, various oxidants, carbon components, which significantly increase the resistance of the refractory material. In addition, modernization allows you to respond more flexibly to market changes and produce a wider range of products with desired properties.

The enterprise's investments in the modernization of the line amounted to about 40 million rubles, while the company expects a fairly quick payback of the project. Thanks to the new technology, the life of refractories will increase to one hundred or more cycles, while in the previous generation they withstood about 90 cycles of use, after which the steel ladle lining required replacement. Thus, the savings will be more than ten percent.
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BaoSteel’s Masteel H Beams Gets Environmental Product Declaration

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

Chinese steel giant BaoSteel’s Masteel' has secured Environmental Product Declaration for its large H-shaped hot rolled steel products. The EPD discloses environmental impact, including carbon footprint, marking the completion of the quantitative life cycle assessment of carbon footprint for its large H-shaped hot-rolled steel product series

This is Masteel’s first environmental product declaration certification.

Anhui Province based Masteel is China’s leading producer of heavy H Beams, upto 1,300mm wide, with 510mm tall flanges and 140mm web, weighing almost 2.7 tonnes per meters. Masteel’s two-strand 12 meter radius continuous casting machine also can produce BB5 beam blanks measuring 900x510x130m; 1,030x440x130mm BB6 beam blanks, and a small slab 550x280mm in twin-mould configuration. Several steel grades are produced, including microalloyed and fine-grain steels, obtaining good product quality and meeting the strict dimensional design tolerances since the first heat.
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Jindal Stainless Ropes Hygenco India for Green Hydrogen Plant

Strategic Research Institute
Published on :
11 Aug, 2022, 6:29 am

According to a PTI report, Indian stainless steel giant Jindal Stainless has partnered with Hygenco India to set up a green hydrogen plant to reduce its carbon emissions by nearly 2,700 tonnes per annum. JSL's Managing Director Mr Abhyuday Jindal said that “The green hydrogen plant will catalyze its transition from thermal to clean energy in the Indian manufacturing space. Going forward, we will continue our Environmental, Social and Governance efforts to achieve net zero emissions and power conservation.''

According to JSL, it reduced carbon emissions by 3,100 tonnes during 2021-22, and initiated a switch from a thermal energy-intensive manufacturing setup to renewable energy alternatives such as solar and wind power.

Hygenco is a venture backed by Vivaan Solar, a leading solar developer and renewables EPC player in India. Hygenco aims to be a global leader in deploying Green Hydrogen and Green Ammonia powered industry solutions. It develops and deploys scaled-up commercially attractive Green Hydrogen and Green Ammonia production assets.
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FORGE Opens New Cold-Formed Steel Prefabrication Plant in Norcross

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

Norcross Georgia based US’s leading supplier of structurally efficient & cost-effective Cold-Formed Steel prefabrications FORGE has opened 152,000 square feet manufacturing facility in Norcross in Georgia. FORGE offers a variety of CFS products, all fabricated and assembled in a quality-controlled, indoor environment. Their Panels and Structures divisions handle the design, prefabrication, and erection of StoPanels, exterior/interior wall systems, metal studs, floor joists and roof trusses.

FORGE's leadership is comprised of hand-selected experts from the construction and engineering industries. Each person's unique perspective of offsite construction and decades of traditional construction experience is the perfect combination in developing a solid foundation for the company's vision. FORGE delivers consistent results on every project with unmatched precision yet to be seen in the market.

Since FORGE took possession of their factory less than a year ago, the company has manufactured more than 550,000 square feet of prefabricated CFS panels on several metro Atlanta projects, with a number of upcoming projects in the Southeast, Midwest, and Northeast.

FORGE is a turn-key Cold-Formed Steel manufacturer for customized project-specific prefabricated solutions. Manufactured in a quality-controlled facility, FORGE designs, fabricates, assembles and installs fully engineered, prefabricated wall panels and structures for commercial construction projects across the US. FORGE specializes in delivering high-quality, Cold-Formed Steel systems that are structurally sound, cost effective, low maintenance and sustainable. FORGE's manufacturing and installation process provides schedule and cost certainty, maximizing the project investment while reducing project risk.
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Duro Felguera Signs New Pact with Algerie Qatari Steel for Bellara

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

Gijón Spain based Duro Felguera & Algerie Qatari Steel have signed an agreement for additional handling system at Algerie Qatari Steel’s new steel complex at Bellara in Algeria. Duro Felguera provided services including engineering, supplies, manufacture, construction and operation of the necessary equipment for bulk handling. The equipment includes ore unloading gantries, conveyor belts, ore stacking and collection machines, train loading and unloading stations, as well as service equipment to support these installations.

The project, which was ordered for USD 109 million, includes, on the one hand, the equipment for the storage of iron ore prior to shipment to the direct reduction plant within the iron and steel complex and, on the other hand, the terminal facilities at the Port of Djen Djen. At the end of July, that the last remaining tests were successfully completed: the performance tests of the train loading operation. Previously, partial deliveries of different plants of the complex had been made for their gradual entry into commercial operation.

With the achievement of this final milestone, the Djen Djen port facility is now ready to unload and transport raw material to the Bellara steel factory to operate at full capacity with an output of 2 million tonnes of finished products per year. The Bellara steel complex aims to supply local demand for rolled steel products.

In addition, Algerie Qatari Steel has contracted Duro Felguera to increase the scope of the spare parts supply package for the next two years. The same agreement also includes financial compensation for changes in scope during the execution of the project.

Asturias Spain based Duro Felguera was founded at the end of the 19th century with the first iron factories and the use of coal, a time when it was already the most outstanding agent of industrialization in Spain. The company is specialized in the complete execution of EPC or turnkey projects and in the provision of services in the energy and industrial sectors. In Mining & Handling, Duro Felguera develops, with its own technology and design, EPC projects with customized solutions. They are facilities for processing iron ore, gold, copper and others, as well as for bulk handling, mainly iron ore and all its derivatives, coal, cement, grain and sulfates.
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