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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

  • 24,160 31 mei 2024 17:35
  • +0,250 (+1,05%) Dagrange 23,760 - 24,180
  • 6.882.105 Gem. (3M) 2,6M

Nieuws en info hier plaatsen (deel 4)

35.173 Posts
Pagina: «« 1 ... 1267 1268 1269 1270 1271 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 9 februari 2021 06:52
    NLMK Boosts Sustainability of Blast Furnace 4 Operations

    NLMK Lipetsk has completed an upgrade of Blast Furnace No 4 with a capacity of 2.1 million tonnes of pig iron per year. The project includes an environmental upgrade of the furnace infrastructure. All the dust generated during hot metal production will be captured by a highly efficient dedusting system. The system ensures a purification efficiency of 99.9%, which is in line with the best available technologies. The new equipment will also enable more efficient blast furnace gas treatment for it to be utilized as a secondary energy source. Filtered dust will be utilized in the production of iron-containing briquettes, or fed back into the blast furnace process.

    As part of the project, the furnace was equipped with a new lining, special refractory blocks that will enhance the resistance of the furnace’s internal surface to thermal loads. Technical solutions and advanced materials will ensure stable operation of the furnace for the next 20 years.

    After the furnace overhaul, emissions are expected to reduce by 200 t per year. After the associated upgrade of air heaters is completed in 2022, the reduction in gross emissions will total 7,700 t per year.

    Investments in the blast furnace overhaul and upgrade project exceeded RUB 23 bn. During the project, there would be up to 3,000 people working on site; more than 16,000 t of metal structures were used.

    The equipment is expected to reach its design capacity by the end of February.

    Source - Strategic Research Institute
  2. forum rang 10 voda 9 februari 2021 06:53
    Canada Imposes AD Duties on Reinforcing Bar Imports

    On February 4, 2021, the Canada Border Services Agency made a preliminary determination of dumping of 3.7-28.4% respecting certain concrete reinforcing bar from Algeria, Egypt, Indonesia, Italy, Malaysia, Singapore and Vietnam. Provisional duties will now be payable on the subject goods from Algeria, Egypt, Indonesia, Italy, Malaysia, Singapore and Vietnam that are released from the CBSA on or after February 4, 2021. The estimated margins of dumping and provisional duties payable by exporter are

    Algeria Spa Tosyali Iron Steel Industry Algerie 4.5%

    Algeria All Other Exporters 13.7%

    Egypt Al Ezz Dekheila Steel Company Alexandria 22.0%

    Egypt All Other Exporters 22.0%

    Indonesia PT Putra Baja Deli 11.3%

    Indonesia All Other Exporters 28.4%

    Vietnam Hoa Phat Dung Quat Steel Joint Stock Company 3.7%

    Vietnam All Other Exporters 15.4%

    Italy All Exporters 28.4%

    Malaysia All Exporters 28.4%

    Singapore All Exporters 28.4%

    The subject goods are usually imported under tariff classification numbers 7213.10.00.00 & 7214.20.00.00. In some instances, the subject goods may also be imported under the tariff classification numbers 7215.90.00.90 & 7227.90.00.90.

    Source - Strategic Research Institute
  3. forum rang 10 voda 9 februari 2021 06:53
    FarEye’s Predictive Visibility Solution for Tata Steel BSL

    Tata Steel BSL has partnered with FarEye to onboard its predictive visibility solution with the aim to improve in plant and in transit visibility, optimize transportation costs, mitigate delivery delays, reduce loading times and slash manual dependencies. Tata Steel BSL is achieving high levels of operational excellence via efficient SLA (Service Level Agreement) adherence, key performance indicator benchmarking, bottleneck mitigation, and data-driven business risk calculations. The steel manufacturer now predicts estimated time of arrival with absolute precision, manages exceptions and risks proactively, and has gained end-to-end real-time visibility of ground-level operations.

    Real-time tracking keeps the business associates posted on their shipments and ensures timely delivery of the same, bringing customer delight. AI and ML have improved our predictive and information analyzing capabilities through predicting the ETA (Estimated Time of Arrival), In-transit Performance, Loading and Unloading TAT (Turn-around Time), and our Allocation & Placement delays. It has had a compounded effect that can be scaled up effectively for all locations. This integrated platform through its various modules provides an efficient way to control and monitor our logistics processes and costs.”

    By embracing FarEye's platform Tata Steel BSL is also driving automated delivery workflows including automatic order allocation. Leveraging ePoD (Electronic Proof of Delivery), Tata Steel BSL is now ensuring quick customer feedback on OTIF deliveries and shrinking paper usage. Achieving these new levels of logistics efficiency is positively impacting Tata Steel BSL's customer satisfaction scores and empowering them to become more competitive.

    Source - Strategic Research Institute
  4. forum rang 10 voda 9 februari 2021 06:54
    Severstal Announces Investment Plan for 2021

    Russian steel maker Severstal announced its investment plan for 2021. This year, Severstal's investment plan is USD 1.35 billion and will focus on a number of large projects in the Severstal Russian Steel division and resource enterprises, as well as on key areas of the company's strategy, namely excellent customer experience, leadership in cost reduction and new opportunities. In 2021, the company will invest USD 453 million to maintain existing capacities, and USD 42 million to improve industrial safety, labor protection and environmental projects. Investments in IT and digital projects will amount to USD 124 million, while the top projects include Severstal's transition to a new generation of SAP ERP system - SAP S / 4 HANA solution, development of e-commerce areas, production automation, supply chain management and implementation digital instruments.

    Investments in the Severstal Russian Steel division in 2021 will amount to about USD 785 million, of which USD 469 million will be directed to development projects. The largest projects of the division are the construction of the second stage of coke oven battery No 11, the first stage was put into operation in the hot test mode at the end of 2020 and the launch at full capacity is scheduled for 2022, bringing blast furnace No 3 to its design capacity, and investments in section mill and heating furnaces.

    Investments in the company's resource enterprises in 2021 will amount to about USD 524 million, of which USD 267 million are investments in production development. One of the most important areas for the company's investments this year will be the main phase of the construction of the Cyclic Flow Technology complex at Karelsky Okatysh. Cyclic Flow Technology is a modern technology for the transportation of rock mass by dump trucks, which significantly reduces emissions from the operation of equipment in the quarry. Severstal will continue to implement a program to increase production at the Yakovlevsky mine, which will increase the company's output to 5 million tonnes of ore by 2023. Other priorities of the investment program at Severstal's resource assets include increasing production at Vorkutaugol and the development of the Pechegubskoye field by Olkon.

    Source - Strategic Research Institute
  5. forum rang 10 voda 9 februari 2021 06:55
    Outokumpu Navigated Successfully Through Pandemic in 2020

    Outokumpu President & CEO Mr Heikki Malinen said “Throughout 2020 Outokumpu has continued with rigorous measures to mitigate the negative impacts of the ongoing COVID-19 pandemic on our employees, operations, and business. Our actions have been effective, and we concluded the year without any pandemic-related production losses. While we were able to return our financial performance in the year shaped by COVID-19 back to near 2019 levels, the financial performance needs further strengthening. Hence, we will continue to execute the announced strategic measures to improve our results.”

    In 2020, Outokumpu’s sales decreased to EUR 5,639 million (EUR 6,403 million) and adjusted EBITDA to EUR 250 million (EUR 263 million). Stainless steel deliveries declined by 3% compared to the previous year as a result of weaker demand. Prices were significantly lower in Europe but declined also in Americas. Various cost-saving measures supported profitability and both input costs as well as fixed costs were at a lower level compared to the previous year. Raw material-related inventory and metal derivative losses amounted to EUR 16 million in 2020 compared to the losses of EUR 64 million in 2019. Other operations and intra-group items’ adjusted EBITDA amounted to EUR -29 million (EUR -15 million). In 2020, Outokumpu recognized EUR 59 million restructuring costs related to personnel measures, reported as adjustments to EBITDA. Most of these costs are provisions where the cash impact will take place mainly in 2021. The adjustments to EBITDA in 2019 included restructuring provisions of EUR 53 million and a gain on a real estate sale of EUR 70 million.

    Outlook for Q1 2021 - The stainless steel market has begun to recover after the global downturn caused by the COVID-19 pandemic. The demand for stainless steel is strengthening and both business areas Europe and Americas are expected to see a seasonal increase in volumes. Consequently, Outokumpu expects its stainless steel deliveries for the whole Group to increase in the first quarter by 10-20% compared to the fourth quarter. Adjusted EBITDA for the first quarter of 2021 is expected to be higher compared to the fourth quarter of 2020.

    Source - Strategic Research Institute
  6. forum rang 10 voda 9 februari 2021 06:56
    Sacked Workers of PSM End Protest at CEO House

    Pakistani media reported that sacked Pakistan Steel Mill workers ended their sit-in in front of the residence of CEO of Pakistan Steel Mill on the request of Sindh Minister for Information & Local Government Syed Nasir Hussain Shah who visited them for solidarity on Sunday. Syed Nasir Hussain Shah vowed to extend legal, constitutional and moral assistance to workers movement. The Provincial Minister advised sit in participant not to rely on insensitive PTI rulers as their sit in had no effect on the U turn champions. He said “PTI had not sacked workers forcibly, who had given their whole lives serving the mill, if they have any sympathy with the workers. PTI had made commitment with steel mill workers for running the mill and promised not to sack any workers but after coming into power, they had taken usual u turn on their stance on steel mill issue also.”

    Syed Nasir Hussain Shah added that Sindh government is standing with workers in their legitimate struggle and from day one Chairman Bilawal Bhutto Zardari had instructed Sindh government to extend every possible support to sacked steel mill workers.

    Syed Nasir Hussain Shah said that Sindh Assembly had also passed resolution on the steel mill matter. The Sindh Chief Minister had got included the issue of steel mill in the agenda of Council of Common Interest.

    Source - Strategic Research Institute
  7. forum rang 10 voda 9 februari 2021 09:06
    ArcelorMittal verkoopt groot belang in Cleveland-Cliffs

    FONDS KOERS VERSCHIL VERSCHIL % BEURS
    ArcelorMittal
    19,462 0,342 1,79 % Euronext Amsterdam

    (ABM FN-Dow Jones) ArcelorMittal verkoopt 40 miljoen aandelen Cleveland-Cliffs ter waarde van 651,6 miljoen dollar. Dit maakte de staalreus dinsdagochtend bekend.

    De opbrengsten zullen worden gebruikt voor een nieuw inkoopprogramma van eigen aandelen door ArcelorMittal. De details van dit programma worden bekendgemaakt na de huidige gesloten periode op 15 februari.

    Na de verkoop van de 40 miljoen aandelen, heeft ArcelorMittal nog circa 38 miljoen aandelen in bezit. Ook heeft het nog 58 miljoen preferente aandelen zonder stemrechten.

    De verkoop is onderdeel van een fusie tussen de Amerikaanse activiteiten van ArcelorMittal en het Amerikaanse staalconcern Cleveland-Cliffs.

    Door: ABM Financial News.
    info@abmfn.nl
    Redactie: +31(0)20 26 28 999

    © Copyright ABM Financial News B.V. All rights reserved.
  8. forum rang 10 voda 10 februari 2021 13:29
    Tata Steel Reports Highest Ever Consolidated EBITDA in Q3

    Tata Steel CEO & Managing Director Mr TV Narendran said “The recovery in the global and Indian economy has led to sharp improvement in steel demand in India. We pivoted our deliveries to domestic markets, to cater to the requirements of our local customers by reducing exports. All the segments, especially automotive, have performed extremely well supported by our continuous focus on strong customer relationships, superior distribution network, brands and new product developments. We are also making good progress on our various initiatives to de-risk the business while our digital marketing platforms are helping us reach new markets and be future ready. The investments in infrastructure and recent policy developments, to drive economic growth, should drive steel demand in India. Given strong market conditions and our success with deleveraging, we have restarted work on the pellet plant and the CRM complex at Kalinganagar which will help in reducing costs and improving revenues. In Europe, our underlying performance has improved quarter on quarter while the reported EBIDTA was negatively impacted by few one offs. We remain committed to arrive at a strategic and sustainable solution for Tata Steel Europe, though in the immediate term, we will focus upon business performance and cash flows.”

    Q3 Consolidated

    Production 7.20 million tonnes up 7.0% QoQ & 3.0% YoY

    Deliveries 6.88 million tonnes down 7.0% QoQ & 5.9% YoY

    Turnover INR 39,594 crores up 6.6% QoQ & 11.5% YoY

    EBITDA INR 9,540 crores up 53.5% QoQ & 160.7% YoY

    EBITDA per tonne INR 13,876 up 65.3% QoQ & 177.4% YoY

    Consolidated figures don’t include NatSteel Holding and Tata Steel Thailand which are classified as ‘Assets Held for Sale

    Q3 India

    Production 4.60 million tonnes up 0.2% QoQ & 2.9% YoY

    Deliveries 4.65 million tonnes down 7.9% QoQ & 4.1% YoY

    Domestic deliveries grew 8%QoQ and 4%YoY to 4.16 million tonnes & exports shrank below 11% of overall deliveries

    Turnover INR 25,211 crores up 9.3% QoQ & 18.4% YoY

    EBITDA INR 8,811 crores up 46.2% QoQ & 114.3% YoY

    EBITDA per tonne INR 18,931 up 58.8% QoQ & 123.1% YoY

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

    Key Indian subsidiaries also delivered robust financial performance with Tata Steel BSL and Tata Steel Long Products generating an EBITDA of INR 1,634 crores and INR 440 crores during the quarter. This translates into an EBITDA per tonne of INR 14,223 and INR 26,471, respectively.

    TSBSL merger with Tata Steel is progressing ahead. The merger of Tata Metaliks and Indian Steel and Wire Products with Tata Steel Long Products in also underway

    The Company has decided to restart work on Pellet plant and Cold Roll Mill complex at Tata Steel Kalinganagar. Both the Pellet plant and Cold Roll Mill complex, once completed, will expand margin.

    Following the termination of the discussions with SSAB on Tata Steel Netherland, the company will be focusing on performance and cash flows in the immediate term. Tata Steel is committed to arrive at a strategic and sustainable resolution for its European portfolio. Tata Steel’s IJmuiden plant is among the most environmentally efficient and cost competitive steel producers in Europe. The process to separate Tata Steel Netherlands and Tata Steel UK is currently underway.

    Source - Strategic Research Institute
  9. forum rang 10 voda 10 februari 2021 13:30
    CCI Opens Probe into Price Cartelisation by Indian Steel Mills

    The Hindu Business Line reported that Competition Commission of India has launched a probe against Indian steel companies for forming a cartel to increase prices consistently over the last seven months suo motu and it will scrutinise the business strategies of leading steel companies to check if they have colluded to jack up prices artificially.

    The demand for an investigation into the prices hikes had been voiced from several quarters, including auto and real estate industries that use steel, saying that the recent spike in steel prices making them uncompetitive both in global and domestic markets. Calling for a regulator to check the rising steel prices, India’s Union Road Transport Minister Mr Nitin Gadkari had last month said that every steel company has its own iron ore mines and there has been no increase in labour and power costs, but they are increasing rates.

    Indian steel companies have, however, maintained that domestic price, despite the hikes, remained lower than international rates and that price in China, Europe and the US is higher than those in India.

    This is not the first time that the Competition Commission of India is investigating steel companies for alleged cartelisation. In its investigation from 2008, and lasting till 2014, the v had probed SAIL and Tata Steel but later said it found no evidence against these companies.

    Source - Strategic Research Institute
  10. forum rang 10 voda 10 februari 2021 13:30
    JFE Reduces Annual Loss Estimate on Steel Demand Recovery

    Japan's second biggest steelmaker JFE Holdings Inc has trimmed its net loss estimate for the current financial year by over 60%, thanks to a sharp rebound in steel demand from a pandemic induced collapse. JFE now expects a net loss of JPY 38 billion (USD 363 million) in the year ending March 31 compared with an earlier JPY 100 billion loss estimate. JFE Holdings Executive Vice President Mr Masashi Terahata told "Demand from industries centring on automobiles has picked up at home and abroad. Stronger overseas market has also boosted its export margin. We expect a gradual demand recovery from local industries, except for shipbuilding, will continue in the next financial year.”

    Reflecting improved demand, JFE's crude steel output on a parent basis for the current year is now expected to reach 22.7 million tonnes, 200,000 tonnes more than its previous estimate. It produced 26.73 million tonnes a year earlier.

    Source - Strategic Research Institute
  11. forum rang 10 voda 10 februari 2021 13:32
    JSW Steel Crude Steel Production in January 2020 up 2% YoY

    JSW Steel has reported that crude steel production for the month of January 2021 was at 1.432 million tonnes up by 2% YoY as compared to 1.410 million tonnes in January 2020. The average capacity utilisation was 96% during the month of January 2021.

    The production of flat rolled products in January 2021 declined by 1% YoY to 1.014 million tonnes while production of long rolled products rose by 5% YoY to 0.359 million tonnes in January 2021.

    Source - Strategic Research Institute
  12. forum rang 10 voda 10 februari 2021 13:33
    CAG Report Highlights Several Issues in SAIL Mines

    Business Standard reported that Audit Report no 18 of 2020 of Comptroller and Auditor General of India reveals that Steel Authority of India Limited neither applied technical due diligence nor conducted techno-commercial study to assess viability before the allotment of its captive coal blocks at Parbatpur and Sitanala and these two blocks, which had to be subsequently surrendered, hence resulted in the amount spent on development of the same infructuous.

    The audit examined records of all captive mines of SAIL for the period 2014-19 to assess the management of captive mines and compliance with safety and environmental laws. The report pointed out that since the company’s iron ore production level, at Dalli, Rajhara and Barsua mines were lower than planned, it resulted in transfer of the key raw material from distantly located mines by the Bhilai Steel Plant and Rourkela Steel Plant leading to extra expenditure on freight differential.

    At its Barsua mines, the non compliance of Forest Conservation Act, 1980, on account of use of forest land for non-forest purpose, without approval led to payment of penal Net Present Value and Compensatory Afforestation. Non compliance with Odisha Minerals Rule, 2007 by Bolani mines also led to additional expenditure on differential royalty. Additional royalty payments were made at Manoharpur mine, as iron ore was graded at the highest grade and at Nandini mines on rejected limestone chips that were not suitable for iron making. Meanwhile, Government of Odisha and Government of Jharkhand demanded compensation on account of mining beyond quantity permitted under Environmental Clearance to operate by the Iron ore and Limestone mines under Raw Material Division.

    Pertaining to safety and environment management in SAIL, the audit report examinations in the period under review, stated that SAIL Safety Organisation did not develop any plan or frame timeline to implement its recommendations. Out of 686 recommendations, only 258 were yet to be complied.

    Source - Strategic Research Institute
  13. forum rang 10 voda 10 februari 2021 13:33
    JSPL Reports Strong YoY Growth in Production & Sales in January’21

    Jindal Steel & Power Limited's monthly production increased in January 2021 to 0.69 million tonnes. Higher production also helped JSPL post a solid growth of 35% YoY in shipments to 0.58 lakh tonnes. Shipments were however lower QoQ as JSPL continued to focus on value over volumes.

    The figures mentioned are provisional and as JSIS Oman is under sale consolidated numbers are not included.

    Source - Strategic Research Institute
  14. forum rang 10 voda 10 februari 2021 13:34
    voestalpine Reports Recovery in Third Quarter of 2020-21

    In the first nine months of the business year 2020/21, the performance of the voestalpine Group was strongly shaped by the COVID-19 pandemic. While the business year’s first quarter was characterized by the massive meltdown in demand in almost all customer segments and regions, the second quarter saw a considerable rebound in major sectors. Upward trends in key business segments continued in the third business quarter despite renewed lockdowns. The automotive industry, in particular, gradually recovered following the production shutdowns during the Northern spring, once again returning to order levels during the Northern fall that equated roughly to those prior to the outbreak of the COVID-19 pandemic. The construction, consumer goods, and white goods industries also managed to rapidly return to pre-COVID-19 order levels (the last two did well even during the difficult first business quarter). Conditions in the aerospace industry as well as in the oil and natural gas sector remained difficult, however. The railway infrastructure technology segment developed along a stable, positive trajectory during the entire reporting period. The high-bay warehouses customer segment also posted highly satisfactory performance. Thanks to the growth in online commerce, this unit posted record order levels in Europe and North America (key markets both) during the Northern fall.

    Revenue fell by 16.8% year over year, from EUR 9.6 billion to EUR 8 billion

    At EUR 683 million, operating result is substantially positive (Q3 2019/20: EUR 837 million)

    At EUR –134 million, profit from operations (EBIT) is negative (Q3 2019/20: EUR –82 million) due to impairment losses

    At EUR –159 million (Q3 2019/20: EUR –160 million), profit after tax affected by impairment losses as well yet stable

    Outlook - The number of COVID-19 infections rose dramatically yet again in most of the world during the third quarter of the business year 2020/21. Individual states in Europe reacted yet again with lockdowns; even in the United States restrictions were imposed on public life. Given the circumstances, so far none of these measures have had material adverse effects on the economic recovery of those markets that are relevant to the voestalpine Group. However, the uncertainties about economic developments going forward have risen sharply. It is completely unclear to date how the expansion of limitations on commerce will affect the consumption of European products. The risk of downtimes in production or of interruptions in essential supply chains owing to the pandemic cannot be predicted at this time. In no small part, this is why voestalpine’s management continues to focus on cost management and earnings stabilization. Its efforts with respect to working capital management and curtailment of investments in order to buttress both cash flow and the Group’s asset and capital structure will continue as well. Several positive developments occurred after the end of the reporting period above and beyond central banks’ clearly supportive monetary policies in the world’s major economic regions. First and foremost, the medicines regulatory authorities of many countries have licensed vaccines against the COVID-19 virus, and campaigns to immunize the public have been launched. Assuming that there will be no new major restrictions on economic activity and/or state-ordered measures owing to the COVID-19 pandemic, the Management Board currently forecasts EBITDA of about EUR 1 billion for the entire business year 2020/21 and thus an amount at the upper end of the previously communicated range.

    Source - Strategic Research Institute
  15. forum rang 10 voda 10 februari 2021 13:44
    Primetals Completes Project for BOF Off Gas at Changzhou Eastran

    In late 2020, Primetals Technologies received the final acceptance certificate for a newly installed advanced gas cleaning system based on wet electrostatic precipitator technology. This first project was successfully implemented at Changzhou Eastran Special Steel Co Ltd in China’s Jiangsu province. Based on very strict requirements of the local city government an emission limit of 10 mile grams per meter cube was requested for the steelmaking plant with two 80 tonne basic oxygen furnaces. Primetals Technologies developed a suitable solution for the customer in terms of performance and minimal space requirement. The contract was signed in February 2019 and the plants for both BOF lines were commissioned in March 2020. Clean gas dust emission values of approximately 5 mile grams per meter cube were measured during the performance tests later in 2020 and the final acceptance certificate was subsequently issued by Changzhou Eastran.

    The technical concept of this newly developed ultra-low emission technology is based on dust removal from off gas by electrostatic precipitation. Wet-type electrostatic precipitators have been used in iron & steel industry for decades already, however, the special nature of the BOF process with its toxic and explosive off gas and the batch-process type operation required some special design features for this new application.

    The WESP is located in between the existing wet type gas cleaning plant and the ID fan. One main advantage of this configuration is that the old gas cleaning plant can remain unchanged as all the deep cleaning down to the required emission limit is done in the WESP. At the same time maintenance requirements for the ID fan such as regular manual cleaning and re-balancing are greatly reduced as the off gas is already ultra-clean when entering the ID fan.

    For this project Primetals Technologies have also implemented two special technology packages for WESP operation in an existing gas cleaning system: a process safety module for minimization of explosion risk and an Energy saving module for reduced ID fan power consumption.https://www.primetals.com/fileadmin/user_upload/press-releases/2021/20210209/2021022224.jpg

    Source - Strategic Research Institute
  16. forum rang 10 voda 10 februari 2021 13:44
    Boston Metal Expands Series B to Deliver Emissions Free Steel

    Boston Metal, the company delivering a future where steel production is emissions-free, announced that Vale and Energy Impact Partners have joined its Series B fundraising, closely following a USD 50 million close announced in January.

    The company’s Series B also includes new investors BHP Ventures, Piva Capital, and Devonshire Investors, the private investment firm affiliated with FMR LLC, the parent company of Fidelity Investments, alongside existing investors Breakthrough Energy Ventures, Prelude Ventures, OGCI Climate Investments, and The Engine. The Series B will allow Boston Metal to validate its patented inert anode technology at industrial-scale, further expand its team, and deploy its molten oxide electrolysis process with customers, starting with high value ferroalloy production as it advances toward steel applications.

    Boston Metal is a global metals technology solutions company that is commercializing molten oxide electrolysis, a patented tonnage metals production platform. MOE provides the metals industry with a more efficient, lower cost, and greener solution for the production of a wide variety of metals and alloys from a wide variety of feedstocks. Boston Metal works closely with customers to tailor the MOE technology for specific alloys, feedstocks, and business needs.

    Source - Strategic Research Institute
  17. forum rang 10 voda 10 februari 2021 13:50
    Solar Power Plants Inaugurated at RINL

    RINL-VSP in its endeavour to generate more renewable energy resources, took up the installation of solar power panels on the roof tops of the big buildings where there is scope to capture abundant sunlight. One of such Rooftop solar power plant at Administrative building was inaugurated. The Roof top solar plants on the Town Administration Building and Visakha Steel General Hospital were also inaugurated. With this, installation of solar power plants of a total capacity of 500 KW on roof tops is completed. RINL is already running a 5 MW Solar Power Plant.

    The projects are designed, supplied and commissioned by Cleanmax Enviro Energy solutions Pvt Ltd of Mumbai as a part of Power purchase agreement for a period of 25 years with RINL for setting up 500kW Roof top solar projects.

    Source - Strategic Research Institute
  18. forum rang 10 voda 10 februari 2021 13:51
    SHS Group Achieves Leadership Status in CDP Sustainability Ranking

    In 2020, the SHS Group with the companies Dillinger and Saarstahl participated for the first time in the rating of the Carbon Disclosure Project and achieved an A- overall rating. Thus CDP recognises the leading position of the SHS Group in the Metal smelting, refining & forming sector.

    The aim of the rating of the non-profit organisation CDP is to create the largest possible transparency of environmental data of companies, organisations or cities. Once a year, CDP collects and evaluates the data and information provided on a voluntary basis and assesses, among other things, the climate protection strategy. The non-profit organisation makes several thousand evaluations per year and thus creates the greatest possible transparency.

    The CDP rating is based on eleven different categories: From business and financial planning, supply chain responsibility and governance, to energy and emissions reduction initiatives. The leadership assessment by CDP confirms that responsible conduct and sustainable business are central components of the SHS Group's corporate policy. Since 2003, both companies have invested around 700 million euros in the improvement of environmental protection. Of this, 200 million euros have been specifically invested in plants and processes to reduce CO2 emissions.

    Source - Strategic Research Institute
  19. forum rang 10 voda 10 februari 2021 14:00
    3 Projects Start at Salzgitter Hydrogen Campus

    At the new Salzgitter hydrogen campus, three projects for the use of hydrogen are starting. This involves the use of hydrogen technologies in manufacturing processes, the development of steel tanks for the transport and storage of the energy source, and an innovation network to set up a hydrogen cluster for Salzgitter. Lower Saxony supports the projects with a total of 4.7 million euros from the state's structural aid program for Salzgitter.

    Surface treatment to reduce hydrogen diffusion in steel tanks - Hydrogen tanks for mobile applications that are widespread today are made of fiber composite materials. Due to the poor ecological balance of fiber composite materials (high energy consumption in production, low recyclability), mobile hydrogen tanks made of high-strength, recyclable steels promise great market potential. A decisive hurdle for the realization is the possible hydrogen embrittlement of high-strength steels. The subproject would like to take on this challenge by striving for a specific surface design to reduce hydrogen diffusion in steel. The Fraunhofer Institute for Surface Engineering and Thin Films IST focuses on the identification, testing and evaluation of potential surface treatments. Mechanical, physical and metallurgical properties are investigated in order to improve the surface in a targeted manner. Salzgitter Mannesmann Research particularly examines the interactions between the base material and the material surface. For this purpose, a pressure permeation chamber is set up in order to establish a test method for measuring hydrogen penetration in solids.

    Planned process and schedule 2021: Selection and characterization of suitable steel materials, construction and establishment of a pressure permeation chamber for measuring hydrogen penetration in solids, development of surface treatments and modifications to protect against hydrogen embrittlement, evaluation and classification of the results relating to the manufacture of steel tanks.

    Source - Strategic Research Institute
  20. forum rang 10 voda 10 februari 2021 14:08
    Al Yamamah to Expand Steel Pipe Factories in Jeddah & Dammam

    Argaam reported that Saudi Arbia’s rebar maker Al Yamamah Steel Industries Co's board of directors have approved increasing the annual production capacity of pipe and tube factories in Jeddah and Dammam, at the cost of SAR 33 million. The annual production capacity will be increased from 276,000 tonnes to 360,000 tonnes and project will commence from March 1, 2021. The completion of the project is expected in Q1 of 2022. The pilot operation will run three months and the commercial production will be launched in Q2 of 2022. The project will be self financed through the cash collections from customers

    Al Yamamah Company was established in 2003 with paid Capital of SAR 300 million. The primary objective is to set up an integrated Steel Plant for an annual production of more than 1.5 million tonnes of rebars. The city of Yanbu was chosen for the project as this city is known to be the second largest Industrial City in the Kingdom after Jubail Industrial City as well as it is nearby all major cities in the kingdom. The construction of the first phase started in 2005 and the commissioning of the plant started in 2008 with a capacity of about 700,000 tonnes of steel bars annually.

    Source - Strategic Research Institute
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