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Aandeel ArcelorMittal AEX:MT.NL, LU1598757687

  • 23,800 18 apr 2024 17:35
  • +0,290 (+1,23%) Dagrange 23,560 - 23,960
  • 2.676.573 Gem. (3M) 2,4M

Nieuws en info hier plaatsen (deel 4)

35.173 Posts
Pagina: «« 1 ... 1243 1244 1245 1246 1247 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 22 december 2020 12:40
    Zimbabwe Short Lists 7 Investors for ZISCO Revival

    Chronicle reported that Zimbabwe has provisionally shortlisted seven investors for a majority stake in the Zimbabwe Iron and Steel Company. Zimbabwe’s Industry and Commerce Minister Dr Sekai Nzenza said “We have done our due diligence on seven potential investors from Germany, China and Australia but we still have some from India making inquiries.

    Zisco has been a subject of foreign investor interest in the past. Essar Africa Holdings, a unit of India’s Essar Group, had agreed to invest in Zisco in 2011 during the era of the inclusive Government, but the deal collapsed in 2015. This was after a similar deal with another Indian firm, Global Steel Holdings failed to materialise in 2007.

    Zisco started operations in Bulawayo in 1938, having been formed by a private consortium. In 1942, the Government formed the Rhodesia Iron and Steel Commission, a statutory body that took over the steel works. In 1946, a small plant was constructed at Redcliff and commenced production in 1948. Between 1948 and 1956, Zisco gradually expanded and a year later, the Rhodesia Iron and Steel Company was formed followed by an expansion programme, which saw the commissioning of modern blast furnaces and installation of the first coke oven battery. The expansion of the plant continued until 1975 when blast furnace four was commissioned, bringing steelworks capacity to one million tonnes of liquid steel per year. By early 1990’s operations at Zisco started deteriorating while mining costs at Buchwa Mine sharply rose, forcing the company to develop Ripple Creek Mine for the supply of iron ore to the blast furnaces. Blast Furnace four was reaching the end of its lifespan and was taken off in 1994. A Chinese company was contracted to reconstruct and reline the furnace, which was recommissioned in 1999. Zisco stopped operations in 2008 due to lack of capital to recapitalise and poor management.

    Zisco is 91% owned by the Government. The remaining 9% is held by Louth Minerals SA 3%, Tonexin Investments 2.8%, Stewarts and Lloyds (Overseas) 1.76%, Franconian Investments 0.81%, Amzim Limited 0.75% and Zambia Copper Investment Limited 0.13%.

    Source - Strategic Research Institute
  2. forum rang 10 voda 22 december 2020 12:41
    TMK Starts Supplying Pipes to Hungary

    Russian Pipe Metallurgical Company TMK has begun the first deliveries of pipe products to Hungary. The Hungarian customer purchases 9.2 tons of small-diameter stainless steel pipes produced by TMK's subsidiary, TMK-INOKS LLC. TMK will ship to the consumer seamless cold-worked small-diameter pipes that have undergone special heat treatment in a non-oxidizing atmosphere. The customer was a private distribution company specializing in the storage, wholesale and retail of stainless, high strength and wear-resistant steel and aluminium products.

    TMK's Deputy General Director for Sales Mr Vladimir Oborsky said “TMK supplies its products to more than 80 countries around the world and is actively entering new markets. The first contract with a Hungarian company confirms the effectiveness of our strategy to promote high-tech products. With this delivery we are launching a new premium product on the European market stainless steel pipes with a high quality surface, which are used in heat exchange equipment. We are confident that our Hungarian partners will appreciate the advantages of TMK's products, and our presence on the market will expand.”

    Source - Strategic Research Institute
  3. forum rang 10 voda 22 december 2020 12:41
    Anhui Anhuang Machinery Orders Piston Forging Line from SMS

    Anhui Anhuang Machinery Co Ltd, based in Anqing in the Chinese province of Anhui, has placed an order with SMS group for a fully automatic closed-die forging line for pistons. Anhui Anhuang will be one of the first automotive suppliers in the field of massive forming in China that is capable of manufacturing pistons for cars and trucks in a fully automated process. For SMS, this is the first reference customer in China for a closed-die forging line for pistons. The 2,500 tonne forging line to be delivered consists of a fully automatic eccentric closed-die forging press of type MP 2500 and an ELO-FORGE L induction heating system from SMS Elotherm, an SMS company, for heating the forging blanks.

    The cost efficiency of the whole process is significantly improved as the forging line is fully automated. Car pistons can be forged in a cycle time of less than four seconds. The fleshless precision forging process also saves material and energy costs during production: only the exact amount of material required to forge a piston without cutting scrap is heated and used. Other machining steps can be reduced thanks to the high dimensional accuracy of the forged parts. An integrated process control system permanently monitors the entire line and, if necessary, is able to evaluate the production data saved.

    The induction heating system from SMS Elotherm has a capacity of 800 kW that enables the forging blanks to be heated to a temperature of 1,220 degree Celsius. With a throughput of around 2 tons per hour and a cycle time of 2.2 seconds, the modular heating system works in perfect harmony with the SMS forging line. Energy-efficient production is possible in any operational state thanks to a consistently high cos phi power factor. This results in energy savings of up to 30 percent under production conditions. The material feed system and the fully automatic discharge unit are an integral part of the plant concept and enable forging right up to the last part under production conditions within the specified cycle.

    The 25-MN closed-die forging press is equipped with an automatic walking beam, a die spraying unit, and a die holder with quick-change system. Important features of the forging press are the electrohydraulic clutch-brake system and the programmable single ejectors for each forging operation.

    The use of an electrohydraulic clutch-brake system, which is fitted with a wet multiplate clutch, means that no wear-related readjustments are required. Not only that, no compressed air is required to operate the brake and clutch. Other advantages include the high repeat accuracy of the switching operations and, associated with this, extremely low noise levels.

    The automatic walking beam developed by SMS has a separate servo drive with series-connected gear unit for each axis. The servo drive ensures a smooth and finely-tuned sequence of movements. The electric automatic walking beam system has optimized start up and deceleration ramps, which not only minimize wear on the mechanical equipment but also guarantee the shortest cycle times. The integrated sensor technology permanently monitors the position of the ram, thereby ensuring the smooth execution of the press movements.

    The spraying manipulator developed by SMS is mounted on the rear side of the press, providing clear access to the die space. The spraying and drying times for each individual forging operation can be programmed individually. This significantly reduces spraying agent and spraying air consumption and enhances the overall efficiency of die maintenance procedures. Commissioning of the fully automatic forging line is scheduled for second quarter of 2022.

    Source - Strategic Research Institute
  4. forum rang 10 voda 22 december 2020 12:47
    Belarusian BMZ Offers Wire for High Pressure Hoses

    BelTA reported that Belarusian steel mill BMZ has come up with technologies to make two new kinds of brass-plated steel wire with improved strength properties for high pressure hoses. The new types of wire have been ordered by customers from Poland and Austria. BMZ constantly works to improve the quality of existing products and expand the product line up in order to meet exacting demands of the market. This year the company has developed and manufactured samples of PML wire with increased strength parameters. It is available in 0.56mm diameter and 0.30mm diameter. The properties satisfied requirements of the customers. Pilot batches were made and have been shipped. The steel mill now looks forward to results of processing the new PML wire types at factories in Poland and Austria.

    PML wire is designed for reinforcing high-pressure hoses. BMZ made over 3,300 tonnes of PML wire in November 2020, which is way more than in November 2019. The modernization of 25 draw benches in steel wire shop No.2 had to do a lot with it.

    Most of the PML wire BMZ makes is sold abroad. This year's export has already exceeded USD 24 million while the geography of sales numbers 16 countries, including Singapore, Japan, South Korea, and the USA. The top buyers of BMZ products are Italy and Turkey.

    At present BMZ makes over 40 kinds of PML wire that vary in diameter from 0.15mm to 0.8mm and offer different strength properties.

    BelTA

    Source - Strategic Research Institute
  5. forum rang 10 voda 22 december 2020 12:48
    US Steel Production Capacity Utilization Climbs to 73% in Week 51

    American Iron & Steel Institute announced that in the week ending on December 19, 2020, domestic raw steel production was 1,619,000 net tons while the capability utilization rate was 73.2 percent. Production was 1,815,000 net tons in the week ending December 19, 2019 while the capability utilization then was 78.5 percent. The current week production represents a 10.8 percent decrease from the same period in the previous year. Production for the week ending December 19, 2020 is up 3.3 percent from the previous week ending December 12, 2020 when production was 1,567,000 net tons and the rate of capability utilization was 70.9 percent.

    Adjusted year-to-date production through December 19, 2020 was 76,951,000 net tons, at a capability utilization rate of 67.4 percent. That is down 18.0 percent from the 93,894,000 net tons during the same period last year, when the capability utilization rate was 79.8 percent.

    Broken down by districts, here’s production for the week ending December 19, 2020 in thousands of net tons: North East: 141; Great Lakes: 581; Midwest: 172; Southern: 650 and Western: 75 for a total of 1619.

    Source - Strategic Research Institute
  6. forum rang 10 voda 22 december 2020 12:48
    GMS Market Commentary on Ship Breaking in Week 51 - All Change

    World's leading cash buyer of ships for recycling GMS said that last week after a surge that saw the Bangladeshi market rise too fast too soon, in addition to some steady progress made from the firming Pakistani and Indian markets, sub-continent destinations seem to have finally settled down a touch, in the run up to Christmas & New Year’s. As such, it was no surprise to see Bangladesh sink to the bottom of the sub-continent price rankings this week, whilst India sits atop the pile and Pakistan is not too far behind in second. Meanwhile, the Turkish market has continued its upward trajectory in impressive form, with steel plate and imported scrap steel prices registering noteworthy gains this week, some not seen since the crash of 2008, while the Turkish Lira too registered an improvement of its own.

    On the sales front, a number of decently priced sales were concluded off of the back of recycling levels hitting USD 400/LT LDT and above last week, particularly in the Capesize Bulker and VLOC sectors. Moreover, 30 VLOCs have now been sold for recycling so far this year, with one more being concluded this week for an HKC green sale into India, in what has turned into the busiest sector to shed tonnage in 2020 thus far.

    In fact, even early 2000s built Capesize Bulkers are now being considered as recycling candidates, so low have charter rates fallen in this particular sector - down to almost breakeven OPEX levels at present and are likely to remain this way for the next 3-4 months at least.

    Covid cases continue to surge across the USA and Europe as we enter peak flu season and some more serious lockdowns have come into place in the UK, Germany and parts of the US, to name a few.

    Overall, it seems to be set to be a bleak midwinter for many and certainly not one that we are accustomed to as all hope for a brighter 2021 ahead.

    Source - Strategic Research Institute
  7. forum rang 10 voda 22 december 2020 12:53
    UK Imposes Steel Safeguard Quotas from 1 January 2021

    From 1 January 2021, the UK will no longer be part of the EU customs territory. From that date certain UK steel exports to EU will be subject to EU safeguard measures. The Commission has published Implementing Regulation 2020/2037, in the Official Journal ref L416 amending the EU safeguard regulation.

    Steel products of UK non-preferential origin, released for free circulation in the EU, will be subject to EU steel quotas.

    The EU has given country specific quotas to UK for categories 1, 2, 3A, 4A, 4B, 5, 6, 7, 10, 12, 14, 15, 16, 17, 18, 19, 20, 21, 22, 24, 25B, 26 and 27.

    For categories 5, 16, 20 and 27 once the UK country quota has exhausted there is no access to the global quota.

    Outside of the quotas, 25% safeguard duty applies in EU.

    The quota volumes is for following items

    1 - Non Alloy and Other Alloy Hot Rolled Sheets and Strips

    2 - Non Alloy and Other Alloy Cold Rolled Sheets

    3.A - Electrical Sheets (other than GOES)

    3.B - Electrical Sheets (other than GOES)

    4.A - Metallic Coated Sheets

    4.B - Metallic Coated Sheets

    5 - Organic Coated Sheets

    6 - Tin Mill products

    7 - Non Alloy and Other Alloy Quarto Plates

    8 - Stainless Hot Rolled Sheets and Strips

    9 - Stainless Cold Rolled Sheets and Strips

    10 - Stainless Hot Rolled Quarto Plates

    12 - Non Alloy and Other Alloy Merchant Bars and Light Sections

    13 - Rebars

    14 - Stainless Bars and Light Sections

    15 - Stainless Wire Rod

    16 - Non Alloy and Other Alloy Wire Rod

    17 - Angles, Shapes and Sections of Iron or Non Alloy Steel

    18 - Sheet Piling

    19 - Railway Material

    20 - Gas pipes

    21 - Hollow sections

    22 - Seamless Stainless Tubes and Pipes

    24 - Other Seamless Tubes

    25.A - Large welded tubes

    25.B - Large welded tubes

    26 - Other welded pipes

    27 - Non-alloy and other alloy cold finished bars

    28 - Non Alloy Wire

    Source - Strategic Research Institute
  8. viermeiden 22 december 2020 12:57
    BRUSSEL (AFN) - De wereldwijde staalproductie is in november met 6,6 procent gestegen tot 158,3 miljoen ton in vergelijking met een jaar eerder. Dat meldde de internationale brancheorganisatie World Steel Association (worldsteel). De cijfers kunnen later nog wel bijgesteld worden in verband met de problemen door de coronacrisis.

    Meer dan de helft daarvan kwam uit China (87,7 miljoen ton). Dit land voerde de productie met 8 procent op ten opzichte van een jaar eerder. Ook in India werd meer staal geproduceerd, maar in Japan was sprake van een daling.

    In de Verenigde Staten kromp de staalproductie met bijna 14 procent. In Brazilië ging het om een plus van meer dan 11 procent. In Duitsland, Frankrijk en Italië steeg de productie.
  9. forum rang 10 voda 22 december 2020 19:12
    ArcelorMittal verzet conversiedatum voor 1 miljard aan obligaties

    Gepubliceerd op 22 december 2020 18:31 | Views: 663

    ArcelorMittal 17:37
    18,98 +0,33 (+1,76%)

    LUXEMBURG (AFN) - ArcelorMittal heeft de conversiedatum voor 1 miljard dollar aan converteerbare obligaties vooruitgeschoven. De datum waarop de schuldpapieren worden omgezet in aandelen is nu vastgesteld op 31 januari 2024.

    Het gaat om verplicht converteerbare obligaties die in december 2009 onderhands zijn geplaatst. Aanvankelijk werd de conversiedatum op 29 januari 2021 gesteld.
  10. forum rang 10 voda 23 december 2020 10:34
    Global Crude Steel Production in 2020 to Recover to 2019 Level

    World crude steel production for the 64 countries reporting to the World Steel Association was 158.3 million tonnes in November 2020, a 6.6% increase compared to November 2019. China produced 87.7 million tonnes of crude steel in November 2020, an increase of 8.0% compared to November 2019. India produced 9.2 million tonnes of crude steel, up 3.5% YoY. Japan produced 7.3 million tonnes of crude steel, down 5.9% YoY. United States produced 6.1 million tonnes of crude steel, a decrease of 13.7% YoY. Russia’s crude steel production was 5.9 million tonnes, up by 1.4% YoY. South Korea’s crude steel production was 5.8 million tonnes, down by 2.4% YoY. South Korea’s crude steel production as 5.8 million tonnes, down by 2.4% YoY. Vietnam’s crude steel production was 4.1 million tonnes, up by 166.7% YoY. Germany’s crude steel production was 3.4 million tonnes, up by 14.8% YoY. Turkey’s crude steel production was 3.2 million tonnes, up by 11.6% YoY. Brazil’s crude steel production was 3.0 million tonnes, up by 11.2% YoY.

    World produced 1672.5 million tonnes of crude steel in January-November 2020 down 1.1% YoY. China produced 963.2 million tonnes of crude steel in 11 months of 2020, an increase of 5.7% YoY. India produced 89.4 million tonnes of crude steel, down 12.3% YoY. Japan produced 75.7 million tonnes of crude steel, down 17.3% YoY. United States produced 66.1 million tonnes of crude steel, a decrease of 17.9% YoY. Russia’s crude steel production was 65.2 million tonnes, down by 0.6% YoY.

    Assuming that crude steel production in December 2020 will be at levels simalr to November 2020, 158.3 million tonnes, the estimated crude steel production in 2020 adds to 1831 million tonnes, marginally lower than 1843 million tonnes in 2019

    Worldsteel added “Due to the on going difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates that may be revised with next month’s production update.”

    Source - Strategic Research Institute
  11. forum rang 10 voda 23 december 2020 10:35
    JSW Steel Italy Acquire Total Control of GSI Lucchini

    JSW Steel announced that its Italian subsidiary JSW Steel Italy Srl has signed a share purchase agreement with South Africa based Industrial Development Cooperation, owned by the Government of South Africa under the supervision of the Department of Trade Industry and Competition, to acquire the remaining 30.73% share in forged steel producer GSI Lucchini SpA for EUR 1 million. The balance share capital of 69.67% of GSI Lucchini is already held by JSW Steel Italy Srl.

    The manufacturing unit of GSI Lucchini is located in Piombino in Tuscany Region of Italy, providing easy access to export markets through the port of Piombino. The location of the plant allows specific advantages in terms of lead time, service level, and logistics cost in its target markets. The port based facility also gives GSI Lucchini the access to import raw materials, bars, blooms & billets to supplement supplies as when required. GSI Lucchini is a producer of forged steel balls used in grinding mills with predominant application in mining processing. The high Carbon alloyed steel bars are forged into balls and processed to give a uniform metallurgical structure. The high hardness structure combines excellent abrasion resistance with the toughness needed to resist breakage during the milling operation. Chemistry and heat treatment can be customized to best fit the application needs of the end users. The brand is widely recognised in Europe and Africa, and is among the prominent supplier in African mines.

    The transaction is subject to fulfilment of conditions precedent and other terms mentioned in the share purchase agreement.

    Source - Strategic Research Institute
  12. forum rang 10 voda 23 december 2020 10:42
    RINL Vizag Steel Commissions Coke Oven Battery No 5

    Coke Oven Battery No 5 at Rashtriya Ispat Nigam Limited’s Vizag Steel Plant was commissioned with the first coke pushing done by RINL CMD Mr PK Rath. The battery could be first charged with coking coal on 21st December 2020 and all the 67 ovens were charged within 24 hours which. The first pushing was completed on 22nd December 2020, marking commissioning of Coke Oven Battery No 5.

    Coke Oven Battery No 5 project was envisaged with a total cost of about INR 2500 crores. Principal consultant for the project is MECON and the principal contractors are BEC consortium and TATA Projects Limited.

    The Coke Oven Battery No 5 is constructed along with the existing batteries with a production capacity of 0.840 million tonnes of Blast Furnace grade Coke per year. The Coke Oven Battery No 5 is similar to the existing ones, 7 metre tall and 67 Ovens each and a By-product recovery Top charge type battery. The Coke Oven Batter 5 will generate 14 MW of power through waste heat recovery project also. RINL is presently having four coke oven batteries producing 2.48 million tonnes of BF grade coke.

    Source - Strategic Research Institute
  13. forum rang 10 voda 23 december 2020 10:43
    Integrated Steel Mills Dominance Gains Ground in India

    The Indian steel industry, which suffered severe adverse effects of the drastic fall in domestic demand in the first five months, staged a surprising comeback in the latter part of the year. Rating agency ICRA said “Large integrated steel players are likely to see their market dominance increase this year, with both prices and volumes picking up since September and expected to hold stable till the March quarter. This would make them stand apart in a manufacturing sector that has been battered by covid-19. The share of the top six domestic steel producers in total crude steel production rose to 65% in recent months, compared to a historical average of 55%. Their capacity utilization was 85%, against a long term industry average of 78%. Smaller secondary steel producers are operating at capacity utilization rates of about 65%, indicating the rising dominance of large steel players. For integrated players, the recent performance is a far cry from April, when they were reeling under the side effects of a national lockdown. Blast furnaces were either shut or kept running without any actual production of liquid. By May, with domestic demand for steel continuing to be negligible, Indian mills started producing solely for low-margin exports, to keep the furnaces operational. With a proof of a more broad-based pickup in economic activity with every passing quarter, we believe that the recovery in domestic steel demand will sustain in the near term at least.”

    The credit ratings agency revised its FY21 steel demand forecast to a contraction of around 12%, significantly better than its initial forecast of 23% in April. ICRA Senior vice president & group head corporate sector ratings Mr Jayanta Roy said “The revival in demand has been surprising, and the steel industry’s ability to claw back to the pre Covid levels of demand within six months of the pandemic has been remarkable.”

    Source - Strategic Research Institute
  14. forum rang 10 voda 23 december 2020 10:44
    Duferdofin & Nucor Achieve Financial Closing

    Starting morning of December 21, 2020, the stars and stripes flag stopped flying next to the Italian one in San Zeno Beam Mill’s entry hall at Duferdofin in Brescia in Italy. Duferco Italia Holding President Mr Antonio Gozzi said “After nine months of amicable but articulated discussions, we have come to the conclusion of the financial closing process that states the end of the joint venture between Nucor and Duferco in Duferdofin, leader player in Italy in the production of beams and profiles for construction. These have been 12 remarkable years of productive collaboration with the first US steel producer, years in which our company has grown from a technical, financial and economical point of view thanks to the contribution of our American partner. Our only regret is that in this period we were unable to achieve the results that Nucor legitimately expected from the JV.”

    He added “Unfortunately, the Covid pandemic and the consequent cut in Nucor’s overall investment budget didn’t match with our willingness to proceed with the already deliberated and approved investment in SanZeno new rolling mill. This caused one of those situations of strategic divergences that sometimes happen, even among the most collaborative partners.”

    Duferdofin Nucor had announced on November 13, 2020 that after 12 years of productive partnership the Joint Venture between Duferco and Nucor is approaching to end. The two partners reached a friendly agreement stating that Duferco will reacquire the 50% now belonging to Nucor, becoming the exclusive owner of the company. The JV created Duferdofin Nucor, the first producer of steel beams for construction in Italy with a capacity of more than 1 million tonnes per year. Duferco also confirmed the investment for the new rolling mill in the plant of San Zeno Naviglio in Brescia. It is an investment worth 180 million Euro, that will create 150 new jobs and allow Duferco to strengthen its key role in Europe as a producer of steel profiles.

    Source - Strategic Research Institute
  15. forum rang 10 voda 23 december 2020 10:44
    JSW Steel Signs MoU to Expand Dolvi Capacity to 14 MTPA

    The Maharashtra government has inked MoUs worth INR 61,042.53 crore with 25 companies. Memorandums of understanding signed between Maharashtra Industrial Development Corporation and companies under the Magnetic Maharashtra 2.0 initiative. The biggest investment deal signed was with JSW Steel that is planning to expand its existing plant at Dolvi in Raigad district to the country’s largest steel plant to a capacity of 14 million tonne per annum with an investment of INR 20,000 crore.

    Another steel manufacturer, Kirtikumar Steel Udyog, has proposed INR 7,000 crore plants at Wada in Thane.

    Source - Strategic Research Institute
  16. forum rang 10 voda 23 december 2020 10:45
    LIBERTY Galati Completes Modernisation of Hot Stove at BF 5

    LIBERTY Galati announced the completion of its EUR 13.5 million modernization of the Hot Stove No 1 which works with the steelworks Blast Furnace No 5. The modernisation programme will increase the performance and reduce the costs of the plant. The hot stove is a major piece of enabling equipment, with a height of over 40 meters, which ensures the preheating of air to a temperature of about 1,200 degrees Celsius before it is then blown into the Blast Furnace to support the smelting process. The new equipment is currently undergoing the final hot tests and was introduced into the flow process, after a successful ramp-up.

    The stove uses state of the art technology which will ensure a significantly higher operational performance from Blast Furnace No 5 as well as improving costs, thanks to better energy efficiency. The modernisation work was performed by complex teams of suppliers from Romania, Luxembourg, Germany and Portugal, along with a team of specialists from the Plant including blast furnace operators, project managers, automation engineers and others.

    Source - Strategic Research Institute
  17. forum rang 10 voda 23 december 2020 10:46
    Russel Metals to Acquire Sanborn Tube

    Russel Metals Inc announced that it has entered into an agreement to acquire Sanborn Tube Sales of Wisconsin Inc. The closing is expected to occur on or prior to December 31, 2020. Sanborn is a metals service center with a heavy emphasis in value added processing. The Sanborn operation, based in Pewaukee in Wisconsin is in close proximity to our three Wisconsin service centers and offers the opportunity for the combined business to expand our product offering. Over the past several years, Sanborn generated annual sales of approximately USD 19 million across a diverse base of industrial customers.

    Russel Metals President and CEO Mr John Reid said "Sanborn is a well established company that dovetails nicely into our existing business in the mid west region. Sanborn has been both a customer and supplier to Russel’s Wisconsin division, Russel Metals Williams Bahcall, and Sanborn’s value added processing capabilities accelerate our strategic plans in the area. We look forward to having all of the Sanborn employees as part of the Russel family.”

    Russel Metals is one of the largest metals distribution companies in North America. It carries on business in three metals distribution segments: metals service centers, energy products and steel distributors. Its network of metals service centers carries an extensive line of metal products in a wide range of sizes, shapes and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminium and other non-ferrous specialty metals.

    Source - Strategic Research Institute
  18. forum rang 10 voda 23 december 2020 11:04
    Chromeni Steels Alleges AD Disparity for CR & HR Stainless Steel

    Mundra Gujarat based upcoming stainless steel maker Chromeni Steels Private Limited has urged the authorities towards certain anomalies in stainless steel product categorisation while levying anti dumping and countervailing duties. It said that blanket anti-dumping and countervailing duties on the imports of Hot Rolled products and Cold-Rolled products is unjustified, as both are entirely different products in terms of their application, manufacturing infrastructure, the distinct process machinery', and customs classification. Chromeni Steels Director Mr Pratik Shah said "Hot Rolled and Cold Rolled stainless steel are technically and commercially different products. For example, to make Hot Rolled Coils, one needs to have a furnace and hot rolled SS are roll pressed at very high temperatures over 1,700 Degree Fahrenheit whereas to make Cold Rolled coils only cold reduction mills is required, where the material is cooled at room temperature followed by annealing and or tempers rolling. In terms of usage too, both products differ. It is surprising that the authorities have in the past treated these products as distinctly different products, but currently they are wrongly being clubbed, causing harmful and unwarranted distortions in the marketplace."

    He said "these blanket anti-dumping and countervailing duties have made raw material imports prohibitively expensive, thus resulting into raw material shortage in the country. This lack of supply has created a kind of havoc among the stainless steel industry. The stainless steel prices have skyrocketed; from INR 132 per kg in March 2020 to INR 187 in November 2020; an increase of 42% in mere 9 months. The worst impact of this is on thousands of job-generating MSMEs. Due to tariff induced exorbitant raw material prices, they are helpless and on the verge of closing businesses. Chromeni Steels has made a humble appeal to the authorities to consider the grievances of MSMEs, as hundreds of thousands of livelihoods depending on downstream segments are at stake.”

    Chromeni Steels is a stainless-steel joint venture between Tsingshan Industries of China and Sunrise Group, Suncity Group, JP ISCON Group and VD Group. Chromeni Steels has set up Cold Rolled plant with a capacity of 0.7 million tonnes per annum in first phase. In the second phase, the company will add another 1 million tonne capacity of CR and 4 million tonnes of HR coils by 2025.

    Source - Strategic Research Institute
  19. forum rang 10 voda 23 december 2020 11:05
    Danieli Upgrades Cartridge Stands at Seguin Texas Bar Mill of CMC

    American producer of long-product merchant sections and rebar Commercial Metals Company chose Danieli Service to design and supply new containers and spindle supports for its Seguin Texas bar mill, to replace the GCC340 and GCC430 cartridges that have worked over thirty years. CMC has taken delivery of two lots of new design containers with on board rest bars and the first of three lots of spindle supports. The first spindle support has been implemented in time during a planned shutdown and is reported to have substantially improved the vibration and rolling loads noticed during the first rolling campaign.

    The original rolling mill was provided by Danieli in 1989. The roughing mill was added in 1994, and the cold shear modernized in 2012. Specific features were added, as per CMC maintenance and operations feedback, to optimize the operating costs of the new machines while maintaining plug-and-play installation for the existing rolling mill. The designs were tailor-made to provide maximum serviceability in the field, in order to minimize the downtime related to the normal and extraordinary maintenance activities.

    Source - Strategic Research Institute
  20. forum rang 10 voda 23 december 2020 11:05
    Metalloinvest Launches New Steam Boilers at Ural Steel CHP

    Metalloinvest has launched new medium pressure steam boilers at Ural Steel’ combined heat and power plant. The company’s investment in the project amounted to more than 3 billion roubles. The modernization of the Ural Steel CHP plant creates a powerful energy complex with a total capacity of 440 tonnes of steam per hour. The boilers operate on natural gas, coke oven gas and blast-furnace gas, with each generating up to 144 giga calories per hour. The heat energy production volume has doubled, while ensuring the required quality of steam for Ural Steel’s divisions. The modern units have a high level of efficiency, and will help to reduce maintenance costs and harmful impact on the environment.

    The new heating plant project included the launch of the main control room, chemical laboratory, electrical section and automated process control system. The installation of new pumping equipment, live steam pipelines, feed and treated water, main steam pipelines and gas pipelines was also carried out.

    Water Purification Facility No 3 has been reconstructed and a unique automated unit for the production of purified water was installed. The electrical equipment of the communication transformer No. 2 was replaced. The boilers are fully automated and controlled by one person using a computer. Employees of the CHP plant received additional training on how to work effectively with the new equipment.

    At the next stage of the CHP plant’s renovation, the design and construction of a medium pressure turbine generator with a capacity of up to 60 megawatts will be commissioned, which will work in conjunction with the new boilers. There are also future plans to successively replace five high-pressure boilers, turbine generators and air compressors.

    Source - Strategic Research Institute
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