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Home  /  Forum  /  Arcelor Mittal  /  Nieuws en info hier plaatsen (deel 4)

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Aandeel ArcelorMittal AEX:MT.NL, LU1598757687

  • 23,470 23 apr 2024 17:35
  • -0,640 (-2,65%) Dagrange 23,400 - 24,100
  • 3.800.729 Gem. (3M) 2,4M

Nieuws en info hier plaatsen (deel 4)

35.173 Posts
Pagina: «« 1 ... 915 916 917 918 919 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 24 december 2018 12:05
    Trump Trade War - LNG Canada project in Kitimat at risk

    Calgary Herald reported that the energy giants behind the CAD 40 billion LNG Canada project on the West Coast are warning that Ottawa’s steel safeguards will have a direct impact on the viability of their venture one that may cause delays, investor uncertainty and a scaling back of production targets. In a submission to the Canadian International Trade Tribunal, LNG Canada Development Inc, the joint venture behind the largest private sector investment project in Canadian history, argues that extending the current, temporary safeguards on steel would also have serious negative repercussions on Canada’s attempts to develop a reputation as a leader in global energy markets. According to documents seen by the Financial Post, “The various procurement decisions and actual Project construction are expected to take place over the next five years, almost all of which would be while the provisional or, if imposed, definitive safeguard measures are in place.”

    it said that “Subsequent phases of the Project (including the construction of two additional trains, doubling Plant capacity) require continued investor certainty, which is at risk due to safeguard measures that have a significant impact in isolation, and compounded by other recent trade restrictive measures taken by Canada.”

    In October, Finance Minister Bill Morneau introduced immediate provisional safeguards on seven different steel products in an attempt to block a potential flood of imports from being diverted into Canada because of US steel and aluminum tariffs.

    The combination of tariffs and quotas are to remain in place for 200 days pending an independent investigation by the CITT the quasi-judicial body charged with making a recommendation on whether the evidence warrants the imposition of “final safeguards” lasting three years.

    Source : Calgary Herald
  2. forum rang 10 voda 24 december 2018 12:06
    NLMK shareholders approve Q3 2018 dividends

    At the Extraordinary General Shareholders’ Meeting held on 21 December 2018, NLMK shareholders approved the payment of 3Q’18 dividends of RUB 6.04 per share. The date upon which the shareholders entitled to 3Q’18 dividends will be determined was set as 9 January 2019.

    9M’18 dividends will amount to RUB 17.01 per share.

    The Shareholders’ Meeting also approved revised corporate documents (NLMK Charter, Regulations on NLMK’s General Shareholders’ Meeting, Regulations on NLMK’s Board of Directors, Regulations on NLMK’s Management Board, and Regulations on Remuneration of Members of NLMK’s Board of Directors). Regulations on NLMK’s Internal Audit Commission and Regulations on Remuneration and Compensation of Members of NLMK’s Internal Audit Commission were recognized as null and void, and the powers of members of the Internal Audit Commission were terminated.

    Source : Strategic Research Institute
  3. forum rang 10 voda 24 december 2018 12:06
    Digitization is poised to transform steel plants - Satoru Iijima

    Forbes reported that as steel production comes up against the fourth industrial revolution, the industry needs to embrace digitalization as a key enabler of competitiveness and business growth. Satoru Iijima Brand Contributor to Mitsubishi Heavy Industries wrote “We live in a digital age, and our production processes need to evolve to reflect that fact. Converting traditional production environments into highly automated smart plants will entail fundamental changes in the way metals manufacturers interact with their suppliers and customers. When technology works in perfect harmony with the different aspects of metals production, the effect can be compared to that of a skilled orchestra’s performance. Just as an orchestra consists of many individual musicians playing their instruments in unison, a smart steel plant contains numerous separate components that need to work together to perform at their full potential. This metals orchestra benefits from having a high-tech conductor oversee its performance. A smart steel plant’s production management systems use sensor technology, digital production planning tools and sophisticated AI-driven diagnostics to collect data on how each smart component is performing. The systems then make changes to optimize the overall performance. As part of this process, each function within the plant is continually analyzed and refined. These incremental improvements demonstrate some of the key benefits of turning traditional steelworks into smart plants.”

    He wrote “The ultimate digital production goal is to create a digital twin of the steel plant’s physical assets, processes and automated controls, using sensors to analyze each aspect of the production process and replicate it electronically. When future steel orders are processed, the system can collect data while continually learning and updating itself in real time. This process of constant fine-tuning will not only improve overall performance, but also ensure all the components work together in greater harmony. Over time, the system will begin to use machine learning to teach itself the optimal way to produce steel with minimum resources, creating higher efficiency across the whole production process. These improvements include using fewer raw materials, reducing energy requirements and lowering labor costs.”

    He added “The digitalized smart plant of the future will operate with total transparency, so each function knows what is happening in other parts of the production process. For example, if an error or delay occurs during the casting stage, the metal rolling section of the plant can be alerted automatically and adjust its parameters to alter the workflow accordingly.”

    A more technically advanced and AI-enabled predictive maintenance system will allow the smart plant of tomorrow to perform health checks on plant equipment. As the system collects more production data, it will increase its capacity to automatically assess the condition of machinery and production processes, identifying likely problems before they become serious. The system can then automatically schedule servicing and maintenance work during off-peak times, thus minimizing disruption to the steel production process.

    While increased productivity and reduced costs represent good news for the future of steel makers, digitally-enabled metals production also holds many benefits for steel customers. Smart plants will give producers the flexibility to offer tomorrow’s steel buyers a new level of service. Manufacturers can respond to changing client needs much more flexibly than before by offering customized orders and smaller lot sizes, with little loss to productivity. In addition, each order can be accompanied with a full digital product history to boost customer confidence and satisfaction. Generating a step-by-step production record also increases producer transparency and accountability.

    Source : Forbes
  4. forum rang 10 voda 24 december 2018 12:19
    Tata Steel inaugurates Rain Water Harvesting Project Phase-II at Joda

    Tata Steel inaugurated the state-of-the-art Rain Water Harvesting(RWH) Project Phase-II at Joda on December 20, 2018. Mr T V Narendran, CEO & MD, Tata Steel inaugurated the RWH Phase-II in the presence of Mr Arun Misra, Vice President (Raw Materials), Tata Steel, Mr Suresh Dutt Tripathi, Vice President (Human Resources Management), Tata Steel and other senior officials of Tata Steel.

    The RWH Project Phase-II spreads across 3.5 acres and encompasses various features like yoga corner, exercise area, children’s play area, gym area, walking track, butterfly park, artificial hill, colourful floating fountains and lush green lawns. The water holding capacity of Storage cum Percolation Pond (SCP) of this RWH is 29,000KL. This project is the extension to the existing RWH Phase-I having SCP of 23000 KL. The RWH is one of the new green initiatives for the people of Joda, in addition to the existing parks like Sir Dorabji Botanical Park, Medicinal Park, Centenary Park and parks for children.

    In the recent years, rainwater harvesting has emerged as one of the most sustainable ways to conserve rainwater that otherwise gets wasted by getting drained off. Installation of rainwater harvesting structure helps in channelising precious rainwater to percolate down and replenish underground water table. As part of its commitment to environmental sustainability, Tata Steel has always given special emphasis to create such rain water harvesting structures in all its mining operations.

    Source : Strategic Research Institute
  5. forum rang 10 voda 24 december 2018 12:21
    SeAH Steel to expand SeAH Steel Vina plant in Vietnam

    Business Korea reported that SeAH Steel is increasing its presence in Southeast Asia, including Vietnam, as part of its efforts to tide over the rising barrier of global protectionism. As per report, SeAH Steel will invest about KWR 40 billion (USD 36 million) to expand its second plant in Vietnam, SeAH Steel Vina (SSV), which is established in Dong Nai, a province in the southern part of the country. The company is aiming to complete the expansion project in March of next year. After the expansion, the plant’s annual production will swell from 240,000 tonnes to 311,500 tonsne per year.

    SeAH is expanding its investment in the Vietnamese market in order to cope with the US government's tightening regulations on imported steel products and penetrate the Southeast Asian market, which is enjoying a high economic growth rate.

    SSV's utilization rate stood at only 57% in 2014, but reached 81%, a record high, this year. The plant will also serve as a production base for the Southeast Asian market as well as Vietnam after the expansion.

    In addition to SSV, SeAH is also targeting the local market through Vietnam Steel Pipe located in Hai Phong, northern Vietnam. Steel pipe products for piping and structures produced by Vietnam Steel Pipe are 100% sold in the Vietnamese market. The utilization rate of Vietnam Steel Pipe’s plant increased from 68.4% in 2013 to 71.7% this year.

    Source : Business Korea
  7. forum rang 10 voda 24 december 2018 12:34
    Fortescue Metals narrows discounts for iron ore in January

    Australian iron ore producer Fortescue Metals has narrowed discounts on its major products, as demand for low-grade ores has picked up in the Chinese market. SSF fines cargoes will be sold at a 37pc discount to the January 62pc reference index compared with a 40pc discount in December and a 42pc discount in November, said Chinese market participants. The discount for blended fines has been set at 28pc compared with 29pc in December, while the discount for King's fines narrowed to 8pc from 12.5pc. Mills have been more interested in buying low-grade ores since last month to keep a check on costs, as profit margins have shrunk to the lowest levels this year. Mills are using more SSF fines, blended fines, lower-priced medium-grade mainstream fines and non-mainstream ores, such as Indian fines.

    Buying of SSF fines and Fortescue blended fines has been active in China's portside markets. The Argus-assessed portside SSF fines free-on-truck Qingdao narrowed its average discount to the Argus PCX 62pc portside fines to 36pc in December from 38pc in November.

    Source : Argus
  8. forum rang 10 voda 24 december 2018 12:48
    SGX’s high-grade iron ore derivative draws broad participation in second week of trading

    Fast Markets reported that interest in Singapore Exchange’s high-grade iron ore derivative was robust in the second week of trading, with 7,000 lots traded and cleared by 5.53pm Singapore time on Friday December 14. This accounts for 700,000 tonnes traded and cleared this week as of 5.53pm Singapore time, according to SGX data. Trading was done in each calendar month from January 2019 to June 2019 this week, in line with the trend seen the previous week. Market participants have hailed the launch of the derivative, which is settled basis Fastmarkets MB daily 65% Fe iron ore index, as it provides those with high-grade segment exposure with an effective and much-needed risk management tool.

    Mr Matthew Kilgour, iron ore derivatives broker at SSY Futures told Fastmarkets MB, said that “The SGX’s derivative contract continues to go from strength to strength with market participation evolving and improving daily. For the first time this week we have seen participants use the contract as an effective hedging tool, with speculators also joining the market to increase liquidity further. With greater liquidity and understanding of the forward curve on high grade product, the menu of hedging opportunity for physical producers and consumers continues to grow.”

    Source : Fast Markets
  9. forum rang 10 voda 27 december 2018 18:05
    SAIL BSP’s SMS 2 achieves highest single day production on Dec 24

    ET reported that Steel Authority of India Limited’s Bhilai Steel Plant’s Steel Melting Shop (SMS)-2 has achieved its highest single-day production since inception of the shop. The shop produced 51 rail bloom heats amounting to 6,020 tonnes in a single day on December 24, beating the previous best single-day production of 46 bloom heats achieved in June 2018. Bhilai’s SMS-2 also set a production landmark with the Bloom Caster-5 and Combi Casters-3 & 4, all in operation simultaneously for the whole day. In view of the increasing demand of rails by Indian Railways, Slab Caster-3 was converted to Combi Caster to increase Rail bloom production.

    With SMS-3 efforts are being made to stabilize and augment production of blooms to the desired level at the earliest. The conversion coupled with other initiatives undertaken will now enable SMS-2 & SMS-3 to cater to the increasing demands of Rail Structural Mill (RSM) and Universal Rail Mill (URM). This will help in fulfilling the demand of Indian Railways and also achieve the production targets by March 2019

    Source : ET
  10. forum rang 10 voda 27 december 2018 18:06
    Aperam terminates deal with Lindsay Goldberg to acquire VDM Metals

    Aperam last week confirmed the termination of the Share Purchase Agreement with Falcon Metals and Lindsay Goldberg Vogel to acquire VDM Metals Holding GmbH as previously announced on April 11 2018. It said “Despite spending considerable time and effort on explaining the specific nature of the speciality alloys market as well as the benefits of creating a strong European player able to compete in a truly global market the European Commission upheld its concerns about the impact of the proposed merger with the creation of a European Alloys Champion. As it was not possible to agree on a value accretive outcome of the transaction, in the interest of their stakeholders, Aperam and Falcon Metals and Lindsay Goldberg therefore decided to withdraw from the in depth Phase II investigation launched by the European Commission on November 29, 2018.

    Mr Timoteo Di Maulo, CEO of Aperam, said “The European stainless and speciality alloy steel industry is an essential player in the EU in terms of employment and services to its customers, is competitive and setting benchmark technical and environmental standards thanks to its strong R&D efforts. Today, the European industry is put under tremendous pressure from global competition, in particular from Asia where giant plants are built with often unfair subsidies, and the USA, where these industries and markets are highly protected. The Speciality Alloy Division is addressing the same global markets, in an environment where enlarged product offering, scale and R&D capabilities are essential to compete. Facing conceptual roadblocks with the creation of a European Alloys champion, not recognizing the existence of global markets for speciality alloys products, is highly regrettable, and has lead us to the conviction that addressing these concerns of the European Commission would make a value accretive deal impossible. In the interest of our shareholders we pursue our strategy and financial policy, hence are left with no choice but to withdraw from the deal.
    Looking forward we will continue to rely on our solid balance sheet and self-help measures to withstand an extremely challenging market environment while continuing to look for any value accretive opportunities."

    Source : Strategic Research Institute
  11. forum rang 10 voda 27 december 2018 18:07
    Explosion at Odisha Maithan Steel Plant injures 5 - Report

    Odisha Sun Times Bureau reported that an explosion inside Maithan Steel Plant at Kalinganagar in Odisha’s Jajpur district injured five workers. The victims were engaged at the SMS site of the plant by a company namely JD Construction. The workers sustained burn injuries following a blast at the site

    The injured ones were admitted to the SCB Medical College and Hospital in Cuttack for treatment. The victims whose identities have been established are Umanath Yadav (40), Umesh Ray (38), Manas Mallik (21) and Sunil Majhi (24).

    An inquiry has been ordered by the plant officials into the incident.

    Source : Odisha Sun Times Bureau
  12. forum rang 10 voda 27 december 2018 18:08
    China’s steel scrap use to increases further as EAF output expands

    Argus reported that China's overall steel scrap use is rising on demand from new electric arc furnaces, even as its blast furnace-based mills reduce scrap ratios to preserve profit margins. China Association of Metal Scrap Utilization said that China's scrap use is expected to increase by 10% to 220 million tonne in 2018, with 187 million tonne of it used by steel mills and 15 million tonne by casting mills. The average ratio of the scrap charge in basic oxygen furnaces was 20.1% during January-September this year, with some mills as high as 34% and others still well below 10%

    Other forecasts put China's scrap use lower at around 190-200 million tonne in 2018 but still on an upwards trend. Scrap use should exceed 200 million tonne by 2020, according to China's ministry of industry and information technology. New EAFs are the main driver to the increased demand.

    China's EAF steel output is expected to increase to 87 million tonne in 2020, or 12% of its total steel output, from 53 million tonne or 6% of the total in 2017, investment bank Goldman Sachs forecasts.

    Source : Argus
  13. forum rang 10 voda 27 december 2018 18:09
    JSW Steel seeks clarification from NCLT in Vardhman Industries approval

    Business Line reported that JSW Steel has sought clarification from the National Company Law and Tribunal on certain operational direction made while approving its resolution plan to acquire the stressed Vardhman Industries. JSW Steel in a statement “Approving the resolution plan, NCLT in its order had given certain directions that could have the effect of modifying the resolution plan submitted by JSW Steel and approved by the CoC. These directions pertain to utilisation of receivables of Vardhman Industries, notices, assessments or other proceedings pending or threatened against Vardhman Industries and relationship and obligations of the company in relation to various subsidiaries, associates and joint ventures executed by it.”

    It said “The directions of NCLT amounts to an amendment of the Resolution Plan submitted by it without seeking its consent. On this basis, JSW Steel proposes to seek a modification and clarification by the Tribunal or any other relevant forums.”

    It added “Further steps to be taken by JSW Steel with respect to implementation of resolution plan will depend on the clarifications by NCLT.”

    The resolution plan submitted by JSW Steel was approved by the Committee of Creditors of Vardhman Industries, which has been undergoing Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016

    As per the terms of approved resolution plan, JSW Steel will infuse INR 63.5 crore in Vardhman Industries through equity shares or debt within 30 days from date of the NCLT order. The financial creditors will receive INR 62.5 crore and the operational creditors will get INR 1 crore for the settlement of the existing Vardhman Industries debt. After paying of dues, the entire existing shareholding of Vardhman Industries will be reduced to zero by way of a capital reduction from the effective date. As per the approved resolution plan, JSW Steel will be classified as the promoter of Vardhman Industries.

    Source : Business Line
  14. forum rang 10 voda 27 december 2018 18:09
    India counters WTO ruling on steel safeguard duty

    The Telegraph reported that India has challenged a WTO dispute panel’s ruling against safeguard duties it had slapped on steel products from Japan. According to a senior commerce ministry official, India has notified the WTO’s dispute settlement body of its decision to appeal to the appellate body on certain issues of law and legal interpretations in the panel report. He said “India has challenged certain points of the panel’s ruling.”

    The disputes arose after Japan largely won its case filed in December 2017 against India’s decision to impose safeguard duty on some iron and steel products. The ruling, delivered last month, had said India had broken the WTO rules and urged India to take corrective action.

    Japan went to the WTO in 2016 to complain about the safeguard duty — an emergency tariff that WTO members can use to shield their industries against the threat of a sudden and damaging surge in imports. India set the duty at 20 per cent in the first year, tapering to 10 per cent in the final six months.

    Source : The Telegraph
  15. forum rang 10 voda 27 december 2018 18:12
    Philippines bans sale of uncertified steel rebars

    Business World reported that Philippine’s Department of Trade and Industry has imposed new rules covering the product safety certification of certain steel bar products. Administrative Order No 18-08 published last week said the DTI will only allow the domestic distribution of deformed steel bars, rerolled steel bars and equal leg angle steel bars if these products come from plants certified by the Bureau of Philippines Standards. It said “For safety, traceability and accountability purposes, only steel products sourced from steel manufacturing plants holding a valid PS Quality and/or Certification Mark License shall be permitted to be distributed, sold and used in the Philippines.”

    Compliance will be determined through an annual audit at the factory. Domestic companies will also undergo regular audits at their warehouses while foreign companies will likewise go through the process on a per-shipment basis. Importers need to secure a statement of confirmation for each product and bill of lading to ensure that the shipment is sourced from a PS-licensed manufacturer.

    The PS licensing scheme is available to both domestic and foreign companies. The PS license is effective for three years and is subject to regular compliance monitoring. It may be withdrawn, suspended or cancelled any time if a company is found unable to pass the BPS’ evaluations.

    Source : Business World
  16. forum rang 10 voda 27 december 2018 18:12
    China unveils tariff adjustments for 2019 to boost trade

    Business Times reported that China announced on Monday adjustments to some import and export tariffs for 2019, removing import duties on alternatives to soymeal for animal feeds and tariffs on fertilisers and iron ore exports, to boost foreign trade as the economy slows. China finance ministry said in a statement on its website that import tariffs on so-called alternative meals, including rapeseed meal, cotton meal, sunflower meal and palm meal, will be removed from Jan 1 next year, along with those for the materials of some pharmaceutical goods.

    China will levy temporary tariffs on more than 700 items next year and maintain relatively low import tariffs for aircraft engines, the ministry added. Temporary tax rates for manganese slag and lithium-ion battery cells for new energy vehicles will be removed and most-favored-nation tax rates will be imposed on those products, according to the ministry.

    For exports, China will not levy any export tariffs on 94 products next year including fertilisers, iron ore, slag, coal tar and wood pulp.

    It will also further cut most-favoured-nation tariffs on 298 information technology products from July 2019. The statement did not give details.

    China's economic growth slowed to 6.5 per cent in the third quarter, the weakest pace since the global financial crisis and is expected to slow further in 2019 amid a trade war with the United States.

    Source : Business Times
  17. forum rang 10 voda 27 december 2018 18:13
    Vedanta to set up 4.5 million tonnes steel plant in Bokaro

    The Hindu reported that Vedanta Ltd has announced plans to set up a new steel plant in Jharkhand at an investment of USD 3-4 billion over the next few years. The plant will have a capacity of 4.5 million tonne per annum. The new plant, primarily part of its second phase of capacity expansion, will be set up adjacent to its newly acquired Electrosteels unit in Bokaro. Vedanta Resources chairman Anil Agarwal said “This would be a new steel plant under ESL and in the same location at Bokaro, so it’s a brownfield investment per se. The amount is likely to be to the tune of USD 3-4 billion for a capacity of 4.5 million tonnes.”

    He said “Vedanta would initially invest around USD 300 million to augment Electrosteel Steels’s capacity to 2.5 million tonnes from the existing 1.5 million tonnes. Once the new facility is commissioned, the total capacity of Electrosteel Steels would be around 7 million tonnes.”

    He added “The company is in talks with Korean, Japanese and Chinese firms for technology and machinery for its proposed expansion.”

    Source : The Hindu
  18. forum rang 10 voda 27 december 2018 18:13
    MMTC invites iron ore purchase bids for feeding NINL

    BS reported that MMTC has floated open tenders for purchase of calibrated lump ore of 63.5% Fe grade from mine owners of Joda and Barbil sectors for supply of four rakes containing 16,000 tonnes of the material. MMTC has also invited Expression of Interest from the mine owners and traders for sourcing iron ore with 62% Fe content for supply of at least 80,000 tonnes per month to the NINL plant in Duburi, Odisha.

    MMTC with a shareholding of 49.9% is the biggest equity partner in the 1.1 million tonne NINL plant. NINL‘s iron ore requirement is escalating as the steel maker looks to sustain its envisaged hot metal output of 3500 tonnes per day. After the blast furnace capital repair, NINL has been able to ramp up its hot metal and pig iron output significantly.

    Source : Business Standard
  19. forum rang 10 voda 27 december 2018 18:14
    MTR admits construction deviations at Hung Hom station

    Hongkong FP reported that inspections at the MTR Hung Hom station expansion showed “deviations” in the steel bars connecting the platform wall to the floor but there was no proof they were cut. Hong Kong’s rail operator said that the construction site was part of the HKD 97.1 billion Shatin to Central Link, which has been marred by a corner-cutting scandal after a series of reports exposed engineering problems.

    The MTR Corporation promised earlier this month to dig up 80 spots in order to check the quality of work, after local media reported that contractors had cut steel bars short instead of correctly screwing them into the couplers connecting the platform wall and the floor.

    At least six out of the 10 steel bars selected for random testing had been found substandard. In one case, a steel bar was only screwed into its coupler by six millimetres, falling short of the required standard of 40 millimetres.

    On Monday, MTRC Managing Director (Operations and Mainland Business) Mr Jacob Kam expressed disappointment in the project’s main contractor – Leighton Asia – and said it should be held responsible for non-compliance. He said that “Leighton must take responsibility for overseeing the construction and ensuring its quality. As a large international construction company, Leighton’s performance has been disappointing. The MTRC reserves the right to take legal action against Leighton in the future.”

    Asked whether the platform should be torn down and rebuilt, Mr Kam said that further testing is needed before a holistic analysis could be made.

    Lawmaker Tanya Chan had previously floated the possibility that the project might need to be demolished for safety reasons.

    Mr Kam claimed that construction quality and structural safety were “two separate concepts.” He said that “The fact that there are deviations in the construction does not mean the couplers have insufficient load-bearing capability.”

    Source : Hongkong FP
  20. forum rang 10 voda 27 december 2018 18:15
    Innovative technologies are making steel industry more efficient

    Forbes reported that steelmaking is a primal industry that requires huge amounts of heat and energy. As such, it isn’t the first sector that springs to mind when it comes to energy efficiency and sustainability. Nevertheless, the industry is taking steps to improve its eco-credentials, employing a range of innovative technologies to reduce the environmental impact of steel production. One example of this is the use of Organic Rankine Cycle (ORC) turbines at the Ori Martin steel plant in Brescia in northern Italy, which produces hot-rolled steel for the mechanical and automotive industries. During summer operations, the ORC system generates enough energy from waste heat to meet the electricity consumption needs of 700 local families. In winter, the waste heat is used to heat up 2,000 households through the local district heating network.

    This reduces the factory’s carbon footprint by 10,000 tons of CO2 a year, as well as eliminating the need for water-cooling.

    The heat recovery system, which have been installed by a third party, and the ORC turbine, which have been installed by Mitsubishi Heavy Industries Group company Turboden, capture the exhaust gases and turn them into electrical energy and thermal power. They are based on the conventional steam turbine systems found in power plants. Instead of generating steam from water, however, the ORC system vaporizes an organic fluid. This not only removes the need for water, it also enables the turbines to run at lower speeds and pressures – using less energy – while minimizing metal erosion. It’s a low-cost system requiring limited maintenance, which doesn’t need a qualified operator as it runs automatically.

    Recycling is another way in which the steel industry can contribute to a cleaner and more sustainable future.

    Steel in itself is 100 percent recyclable. It can be used repeatedly without loss of integrity. The industry has long been taking advantage of this by using scrap steel as an additional element in the steel making process, forming a circular loop where nothing is wasted.

    But steel production generates high volumes of waste materials like dust, fines and mill scale, all of which need to be handled and disposed of effectively. And by-product recycling solutions are one way to convert residual production materials into a useful and profitable resource.

    At Ori Martin in Brescia, for example, the dust accumulation and by-products of manufacturing are recycled. The plant is also fitted with a high-temperature water recycling circuit to avoid wasting water used for cooling steel bars as they emerge from the foundry.

    Adopting such a resource-efficient approach to manufacturing is not only economical, but also lowers the industry’s impact on the environment.

    Source : Forbes
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