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Aandeel ArcelorMittal AEX:MT.NL, LU1598757687

  • 23,950 13 mei 2024 17:37
  • +0,070 (+0,29%) Dagrange 23,750 - 23,990
  • 1.896.278 Gem. (3M) 2,5M

Nieuws en info hier plaatsen (deel 4)

35.173 Posts
Pagina: «« 1 ... 1326 1327 1328 1329 1330 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 28 mei 2021 08:47
    Rocky Mountain Institute Convenes 6 Banks to Decarbonize Steel

    Several top lenders to the steel sector Citi, Goldman Sachs, ING, Societe Generale, Standard Chartered, and UniCredit have come together to define common standards of action for decarbonizing steel through a collective climate-aligned finance agreement. The banks have formed the Steel Climate-Aligned Finance Working Group, facilitated by Rocky Mountain Institute's Center for Climate-Aligned Finance, with the goal of crafting an industry-backed agreement before the United Nations Climate Change Conference in November 2021 COP26. The agreement would create a level playing field for measuring progress against steel sector climate targets, as well as a platform for supporting the sector's decarbonization.

    Low-carbon technologies exist across many industries. However, for the steel sector, which emits roughly 7% of global energy emissions and is heavily coal-dependent, commercially viable alternatives are still at an early stage. The sector's carbon intensity raises expectations of and from financial institutions to support its decarbonization.

    The Working Group, led by ING and co-led by Societe Generale, comprises senior representatives from each bank's metals and mining teams. The Working Group will forge the scope, emissions pathways, methodologies, and governance structure of the collective climate-aligned finance agreement in collaboration with existing initiatives.

    The agreement will be modeled after the Poseidon Principles, the first sector-specific climate-aligned finance agreement for maritime shipping. Developed through multi-stakeholder collaboration between major shipping lenders, industrial corporations and experts, the Principles set the stage for a similar framework in other sectors.

    This effort is part of the Mission Possible Partnership, an alliance of leading nonprofit organizations and 400+ businesses working to accelerate industrial decarbonization across seven sectors, including steel. Within MPP, the Working Group is part of the Net-Zero Steel Initiative, comprising some of the world's largest steel producers and suppliers. The RMI Center for Climate-Aligned Finance will facilitate engagement between the Working Group and NZSI to ensure the objectives of steelmakers and lenders are aligned.

    Source - Strategic Research Institute
  2. forum rang 10 voda 28 mei 2021 08:48
    Tata Steel Accelerates Plans to Cut Emissions at Ijmuiden

    Tata Steel in the Netherlands has announced a speeding up of a EUR 300 million package of planned measures with the objective of significantly reducing dust and odour emissions from its IJmuiden site in the next two years. Tata Steel aims to accelerate its ‘Roadmap Plus’ plans to complete a number of projects in 2023, with a new facility, designed to reduce nitrogen oxide emissions, planned to be operational in 2025. It is expected the new measures will lead to substantial and noticeable reductions in the nuisance experienced by local residents. The acceleration of the Roadmap Plus plan covers actions which extend beyond the scope of current permit requirements. Tata Steel Netherlands deems this an essential acceleration, since it focuses on measures which have the largest possible positive impact on the local communities and the local environment.

    Roadmap Plus contains new measures to reduce dust emissions. An important measure in reducing visible dust is the reduction of dust turbulence at storage facilities and when on conveyor belts in the raw materials area at the IJmuiden site. This is planned to be achieved by building dust screens and covering the bunkers of the Blast Furnaces as well as the transport systems for raw materials. In addition, covering the steel converter slag cooling process is expected to make an important contribution to dust reduction. By 2023, the company expects dust emissions in the immediate community around the site to be reduced by approximately 65 per cent compared to 2021 levels.

    The odour sources with a major impact on the surrounding area are from processes known as the Coke and Gas Plant 2 (KGF2), the ladle fire-up installation at the Steel Plant and Pickling Line 22 at the Cold Mill. In addition to the planned acceleration of all odour-reduction measures, Tata Steel Netherlands will also take extra measures within Roadmap Plus. For example, a plan to accelerate improvements to the KGF2, including adjustments to the mechanical seal and lowering the pressure of the 108 cooking ovens. This project has now started. Another measure which has been added is the installation of a new scrubber at Pickling Line 22. With the extra measures, odour issues experienced by the surrounding community are expected to reduce by approximately 85 per cent in 2023.

    A major project within the Roadmap Plus package is the planned building of a ‘DeNOx’ installation at the Pellet factory in IJmuiden, which is expected to significantly contribute to the reduction of emissions. In addition to reducing nitrogen oxides (NOx), the new facility would also reduce emissions of particulate matter and heavy metals by 55 per cent.

    By taking various measures against the emission of Substances of Very High Concern (SVHC), Tata Steel Netherlands hopes to achieve a 30 per cent reduction in the emission of Polycyclic aromatic hydrocarbons (PAH) by 2023.

    Tata Steel Netherlands first announced its environmental improvement programme, called Roadmap Plus, in December 2020. In-depth analysis showed the proposed measures would result in a significant reduction in nuisance caused by odours, dust and noise by 2023.

    Source - Strategic Research Institute
    Bijlage:
  3. forum rang 10 voda 28 mei 2021 08:50
    Green Steel Using Hydrogen at Dillinger and Saarstahl Reviwed

    Germany’s Federal Ministry of Education and Research BMBF Innovation Commissioner for Green Hydrogen Dr Stefan Kaufmann visited the Dillingen site together with Saarland’s representative for innovation and strategy (Saarland State Chancellery) Mr Ammar Alkassar and Bundestag member Mr Markus Uhl to learn about the next important steps for the steel partners in Saarland on their way to carbon-neutral steel production. The delegation was welcomed by Dillinger and Saarstahl Chief Operating Officer Mr Jonathan Weber. Mr Weber said “We have a plan for achieving that goal. To be able to produce green steel, the steel industry now needs investment security and binding framework conditions in order to implement the transformation process. To do this, we need a sufficient amount of green electricity and green hydrogen at affordable prices at our sites.”

    Another key issue for the visit was the joint IPCEI hydrogen project, for which Dillinger and Saarstahl, together with project partners STEAG, Siemens Energy, Creos and Saarbahn, are seeking IPCEI funding from the German government.

    The aim of the joint cross-border hydrogen project is to establish a green hydrogen economy in Saarland, France and Luxembourg. The various sub-projects are collectively initiating a sustainable transformation process in industry and in the mobility sector. The emission-free technologies emerging from these projects are driving structural change in the border region. As industrial customers, the Saarland steel companies Dillinger and Saarstahl are playing a key role here in the strategic development with the lighthouse project “H2Syngas”.

    Source - Strategic Research Institute
  4. forum rang 10 voda 28 mei 2021 08:52
    Primetals Tangshan Signs Maintenance Contracts with HBIS Wusteel

    In March and April, HBIS Wusteel has placed orders with Primetals Tangshan Technology Services Ltd to supply maintenance services for three continuous casters in the steel plants No 1 and No 2 in Wuyang in Henan Province in China. The casters produce plate steel, having production capacities between one million and three million metric tons of steel per year. The aims are to increase equipment lifetime and improve product quality. To this end, PTTS dispatches technical experts, skilled workers and delivers inspection and testing tools to Wusteel. The duration of the initial term of the maintenance contracts is ten years.

    Wusteel is part of the HBIS Group Co., Ltd, one the largest steel producers in the world. It is focused on high quality and special steel products, and an important heavy plate production site.

    PTTS, established in September 2017, is a joint venture between Primetals Technologies and HBIS Tangsteel. The joint venture is headquartered in Tangshan and operates in several locations in China. PTTS provides comprehensive technology-based services in off-line maintenance, equipment refurbishment, condition monitoring, as well as operational support for slab casters of Tangsteel and other customers. The company with its approximately 500 employees uses proprietary Primetals Technologies maintenance technologies and know how, with the purpose of further improving operational efficiency and product quality.

    Source - Strategic Research Institute
  5. forum rang 10 voda 28 mei 2021 08:55
    KIOCL Reports Strong Performance in 2020-21

    Indian iron ore pellet maker KIOCL Limited said that it continued its march in ramping up performance & reported the highest turnover in FY 2020-21 largely due to better sales realisation & strong growth in Q4. KIOCL CMD Mr MV Subba Rao said “Company’s Financial Performance for FY’21 was strong due to high sales realization and adoption of Cost Control Measures. Despite tough challenges caused by the worst-ever pandemic, production activities continued uninterruptedly with the teamwork of its dedicated employees, guidance from the Board and Ministry of Steel. He also mentioned that the Company is expected to achieve MOU ratings of above 80%. Marginal drop in production was mainly due to disturbance like severe rains, poor visibility at the sourcing point of Iron Ore Fines which resulted in a short supply of raw materials.”

    Key Highlights - FY 2020-21

    1. Total Revenue earned is INR 2477.8 crores as against INR 2056.5 crores in FY 20, up by 20.49 %

    2. Profit before Tax INR 410.2 crores as against INR 63.7 crores in FY20, up by 544%

    3. Profit after Tax INR 301.2 crores against INR.43.5 crores in FY20, up by 593%

    4. Pellet Production achieved 2.21 million tonnes as against 2.37 million tonnes of the previous FY

    5. Dispatches 2.311 million tonnes as against 2.356 million tonnes of previous FY

    6. Export of Pellets 1.84 million tonnes & Domestic sales 0.46 million tonnes

    KIOCL has continued its efforts to expand Pellet Market to different International Markets like Brazil, MENA countries, etc. The share of Chinese market was 44%, MENA countries 41%, and balance to Brazil, Malaysia, etc.

    Source - Strategic Research Institute
  6. forum rang 10 voda 28 mei 2021 09:05
    Steel Prices in Pakistan Surge by 70% Since April 2020

    The Express Tribune reported that a steep increase in steel prices in Pakistan is taking its toll on the economy, which has just started showing signs of a turnaround, stoking fears that if the steel prices continue to rise, it can undo all the recovery made so far. Seel prices in Pakistan have gone up by 70% in just one year, which has put immense pressure on automobile, home appliances and other allied sectors to increase prices of finished products. According to market players, the prices of steel stood at PKR 105,000-110,000 (UD 675-710) in April 2020, however, it surged to PKR 144,000 (USD 925) at the start of 2021 and now steel is being sold for PKR 186,000 per tonne (USD 1200).

    Steel importer Mian Rameez Ahmad told The Express Tribune “There are various factors behind the steep hike in steel prices and the primary reason is the rise in global steel prices on the back of Covid-19. Besides this, fluctuation in dollar rate is another reason.”

    He elaborated that most of the steel stock being sold in the market was imported when the rupee was equal to 165 to the US dollar, hence, businessmen were trying to cover losses by hiking prices. Previously, the traders used to import steel of different types in a single cargo and paid minimum duty, however, Customs authorities now charge the full tariff applicable to the type of steel being brought into the country.

    Source - Strategic Research Institute
  7. forum rang 10 voda 28 mei 2021 09:05
    Infrabuild Appoints Mr Vik Bansal as CEO & Executive Director

    Australia’s largest integrated manufacturer and supplier of steel long products, InfraBuild, has announced the appointment of Mr Vik Bansal as its new CEO. Mr Bansal joins InfraBuild from Cleanaway, Australia’s leading waste management company, where as CEO he oversaw its significant growth during his approximately six-year tenure. He has held a range of executive roles across Australia, Asia, and the United States over the last 20 years. This includes three years as General Manager of the OneSteel (now InfraBuild) business responsible for steel distribution and metal processing services.

    Mr Patel will remain involved with the broader group including as a Director of InfraBuild.

    GFG Alliance’s InfraBuild is Australia’s leading integrated steel manufacturing, distribution and recycling business, providing solutions for commercial and residential construction, large scale and nation-building infrastructure. It is the largest integrated manufacturer and supplier of steel long products and solutions, and one of the largest metals recycling businesses in the country.

    Source - Strategic Research Institute
  8. forum rang 10 voda 28 mei 2021 09:06
    OMK Appoints Mr Azat Imamov as MD of Chusovoy Plant

    Leading Russian pipe maker United Metallurgical Company OMK announced the appointment of Mr Azat Imamov as Managing Director of the OMK plant in Chusovoy in Perm Territory, Russia's largest manufacturer of spring products for Russian and foreign trucks. The new leader will take office on May 29, 2021. He will combine two positions the managing director and the production director of the enterprise. Mr Vladimir Kirzner, who has headed the Chusovoy OMK plant since 2015, is leaving the company.

    Mr Imamov graduated from the Samara State Aerospace University. He received an MBA from the Moscow International Higher Business School MIRBIS in the direction of strategic management and entrepreneurship. Mr Azat Imamov has extensive experience in leading positions in large international holdings & manufacturers of auto components, such as Delphi corporation (Samara), Dzhoshkunoz Alabuga (Republic of Tatarstan). He led a project to increase labor productivity at a machine-building enterprise in the Kaluga region. Since February 2021, he has been working in the OMK team as the production director of the Chusovsky plant.

    Under the leadership of Azat Imamov, the OMK plant in Chusovoy will continue to implement the investment program, which includes projects for the construction of a section rolling production and the production of auto components, as well as develop automation, robotization and digitalization, customer services, and develop new sales markets.

    Source - Strategic Research Institute
  9. forum rang 10 voda 28 mei 2021 09:07
    Mechel Supplies Steel for Ice Rink in Omsk

    Mechel Group's sales company Mechel-Service has supplied 5,000 tonnes of rolled metal for the construction of an ice rink in Omsk. At the facility, the reinforcement cage is being strengthened, the ceilings of the third and fourth floors, beams, columns and walls are being concreted, stands are being installed. Rolled steel supplied for construction: reinforcement, beam, sheet and shaped sections were produced at the Chelyabinsk Metallurgical Plant.

    The new arena will become not just an ice rink, but a multifunctional complex. It will be possible to host not only ice hockey tournaments, but also other world-class mass events.

    Mechel-Service takes an active part in the supply of metal to the most important sports facilities in the Omsk Region. Earlier, the company supplied metal products for the construction of the hockey academy of the Kontinental Hockey League Avangard in Omsk.

    Source - Strategic Research Institute
    Bijlage:
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  11. forum rang 10 voda 31 mei 2021 17:01
    Beursblik: Kepler Cheuvreux verhoogt koersdoel ArcelorMittal

    Door ABM Financial News op maandag 31 mei 2021
    Views: 4.575

    (ABM FN-Dow Jones) Kepler Cheuvreux heeft maandag het koersdoel voor ArcelorMittal verhoogd van 30,00 naar 32,00 euro met een onveranderde koopaanbeveling.

    De analisten van Kepler wezen erop dat de EBITDA van ArcerorMittal in het eerste kwartaal het beste resultaat was in een decennium. Daarbij profiteerde de staalreus van gunstige marktontwikkelingen.

    Kepler verwacht dat de gunstige trends ook in het tweede en derde kwartaal aanhouden. Daarmee lijkt 2021 het beste jaar sinds 2008 te gaan worden.

    Hoewel ArcelorMittal ongeveer 2 miljard dollar zal laten terugvloeien naar de aandeelhouders, verwacht Kepler toch dat de balans van de staalreus zal verbeteren.

    Het aandeel ArcelorMittal steeg maandag 1,2 procent naar 26,80 euro.
  12. forum rang 10 voda 31 mei 2021 17:26
    AM/NS India Starts Oxygen Cylinders Supplies to Odisha

    ArcelorMittal Nippon Steel India has delivered the first tranche of a consignment of 5150 medical grade oxygen cylinders to Odisha, part of a continuing contribution by the steel manufacturer to bring relief to victims of Covid-19 across India. The first tranche of 1350 cylinders landed at Bhubaneswar airport and will be distributed by Odisha state officials to medical centres across the state. A second consignment of 3800 units is on its way and is expected to arrive in Odisha in the coming days.

    This extends AM/NS India’s support for Covid-19 to six states across India: supplies and support are already supporting relief work in Gujarat, Rajasthan, Madhya Pradesh, Punjab and Haryana. This includes building in 72 hours a 250-bed COVID hospital in Gujarat, now being expanded to 1000 beds, near the company’s main manufacturing site at Hazira; and the daily supply of 250 metric tonnes of liquid medical oxygen to destinations in Gujarat, Rajasthan, Madhya Pradesh, Punjab and Haryana. Since April, more than 9,200 tonnes of liquid medical oxygen has been supplied, which is the equivalent to treating nearly 920,000 patient days.

    Source - Strategic Research Institute
  13. forum rang 10 voda 1 juni 2021 06:39
    Credit Suisse Unit Funded Blacklisted Mr Gupta - Report

    Bloomberg, citing people familiar with the matter, reported that Credit Suisse Group AG executives ignored warnings from colleagues about troubled steel tycoon Mr Sanjeev Gupta as they channelled USD 1.2 billion of client funds to his businesses. One of the people said “Bankers in Credit Suisse’s commodity trade finance unit blacklisted Gupta’s Liberty Commodities Ltd in 2016 because they suspected some of its deals weren’t legitimate. When they learned about two years later that the bank was lending to his companies through a suite of investment funds, they flagged their worries to leaders in compliance and the division that housed the loans.”

    According to a person familiar with the matter “Chief Executive Officer Thomas Gottstein, who was head of the division that oversaw trade finance, wasn’t aware of the internal concerns about Gupta that had prompted the bank to cut him off.”

    Credit Suisse spokesman in London Mr Will Bowen said “We are currently focusing our efforts on recovering our investors’ money. The bank’s internal probe will focus on all of the issues linked to the funds. We are committed to learning the lessons and will share the relevant lessons learnt at the appropriate time.”

    Liberty Commodities pledged assets to Credit Suisse as security for borrowings in 2013 but by early 2016, all such commitments had been extinguished, indicating that the financing relationship had ceased. Their counterparts at other banks, including Macquarie Group Ltd and Sberbank PJSC, halted trading with Liberty Commodities around the same time because of similar concerns; Goldman Sachs Group Inc also stopped in 2016. Nevertheless, executives at Credit Suisse’s asset-management division, which creates investment products for clients and charges a fee for overseeing them, began arranging a suite of funds focused on supply-chain finance in 2017. The entities bought securitized loans packaged by Greensill, a firm created by Australian businessman Mr Lex Greensill. Much of the debts were linked to Mr Gupta’s businesses.

    The Greensill saga represents just one of the two disasters that rocked Credit Suisse in the first half of 2021. Since Greensill began unravelling, the bank has announced a USD 5.5 billion hit from the blow up at Archegos Capital Management. Former Chairman Urs Rohner apologized to shareholders and his successor, Antonio Horta-Osorio, who arrived at the end of April, has promised a sweeping strategy review. The disclosure that Credit Suisse may have put clients at risk despite internal concerns over Gupta’s businesses adds a new twist to the debacle stemming from the March implosion of Greensill Capital, the finance firm at the center of the three-way relationship.

    Source - Strategic Research Institute
  14. forum rang 10 voda 1 juni 2021 06:40
    EU Imposes AD Duty on CR Stainless Imports from India & Indonesia

    The European Commission has published provisional antidumping duties on imports of stainless steel cold rolled fiat products from India and Indonesia. The provisional antidumping duty rates range between 13.6-34.6% for India and between 19.9-20.2% for Indonesia. The Commission investigation confirmed that dumped imports from India and Indonesia increased by more than 50 percent in the period of the review and that their market share almost doubled. Imports from the two countries undercut EU producers’ sale prices by up to 13.4%. Producers in both countries now subject to measures have been benefiting from major distortions in the cost of the raw material inputs to their stainless steel production. These distorted raw material costs are the result of measures implemented by their respective governments to unfairly support their export-oriented industries.

    The European Steel Association EUROFER greeted the measure as an important first move given the long-term implications of the unfair imports of these products on the EU market. EUROFER Director General Mr Axel Eggert said “We welcome that the European Commission has confirmed imports of stainless steel from India and Indonesia were sold at dumped prices and caused significant injury to the EU stainless steel industry. These provisional anti-dumping duties are an important first step in rolling back the effects of dumping of stainless steel on the EU market. We also expect anti-subsidy measures to eventually come into play.”

    European Commission has been conducting a countervailing duty investigation against imports of stainless steel cold rolled flat products from India and Indonesia and the provisional results since 17 February 2021 and is scheduled to be made known at the end of 2021. The investigation was initiated on September 30, 2020, following the complaint by the European Steel Association EUROFER.

    The Commission investigation confirmed that dumped imports from India and Indonesia increased by more than 50% in the period considered and their market share almost doubled. Imports from the two countries undercut EU producers’ sale prices up to 13.4%, while the underselling was higher, exceeding 23% up to 34.6%.

    Stainless steel cold-rolled flat products are used by a variety of consumer industries, and in a wide range of final applications where resistance to both atmospheric and chemical corrosion is necessary, and where hygiene and surface aesthetic characteristics (brilliance, surface coating and/or decoration) may also be essential. Examples of SSCR products’ uses include

    1. Car manufacturing: exhaust systems, decoration, safety, structural components

    2. Equipment for chemicals: petrochemicals, paper making, food processing, pharmaceutical industry

    3. Domestic appliances, kitchen utensils, tableware and cutlery

    4. Structural and decorative elements in construction applications

    Source - Strategic Research Institute
  15. forum rang 10 voda 1 juni 2021 06:41
    Liberty Steel Acquires Huta Czestochowa

    Czech media reported that an agreement was signed on 28 May 2021 for the purchase of Huta Czestochowa by Liberty and the entire purchase amount due was paid. Huta Czestochowa bankruptcy receiver Mr Mateusz Bienioszek said “Today, on May 28, 2021, I signed a contract for the sale of ISD Huta Czestochowa sp. Z oo in Warsaw, and Liberty Czestochowa sp. Z oo paid the entire sale price in the amount of PLN 190 million. Thus, the steelworks has a new owner. The buyer is already a tenant of the plant and runs it, so there is no need to wait for its formal transfer to new hands.”

    Huta Czestochowa has existed since the beginning of the 20th century. During the Polish People's Republic, it specialized in the production of pipes and plates for the shipbuilding and defense industries. Like many plants, it fell into decline in the 1980s. Privatized in 1998, a few years later it was on the verge of bankruptcy. In 2005, it was taken over by the Ukrainian concern ISD, which did not improve the situation much. The company sold some of its assets, but the collapse of the shipbuilding industry significantly limited its possibilities

    Huta Czestochowa was declared bankrupt on 4 September 4 2019. A tender was scheduled for April 2020, but it was declared invalid due to the lack of bids. A new tender was scheduled for June 2020, but the auction again did not take place. Third tender was held in January this year and Liberty Czestochowa won the third tender for its purchase and was to pay PLN 190 million

    Liberty restarted the plant's 700,000 tonnes per year electric arc furnace in January and had previously fed the 1.2 million tonne per year plate mill with slab from its own steelworks.

    Source - Strategic Research Institute
  16. forum rang 10 voda 1 juni 2021 06:41
    Explosion at EVRAZ Rocky Mountain EAF Injures 7

    Local media reported that an explosion at EVRAZ Rocky Mountain steel mill in Colorado left at least seven workers with minor injuries and sent smoke and steam billowing into the air Saturday evening and a total of seven people were injured. All of the injured parties were brought to local hospitals. Five were treated and subsequently released, two remain in intensive care units, and another was transported to a burn unit in Denver. The explosion was caused by an unexpected water discharge into the plant’s electric arc furnace, causing an increase in pressure.

    Fire fighters arrived at the scene at approximately 6 PM and later discovered that a cooling system failure in a furnace led to the incident. Pueblo Fire Department Assistant Chief Mr Keith Miller told KKTV “We found that it was a furnace that they used to melt the steel that exploded. When we first got here, they had 130 tons of steel inside that furnace at max temperature. It sounds like they had a cooling system failure, which is when water was introduced, which is potentially what caused the explosion. So we are waiting for 130 tons of steel to cool down enough to where we can go in and operate.”

    Source - Strategic Research Institute
  17. forum rang 10 voda 1 juni 2021 06:42
    SAIL BSP Starts Producing Superior R260 Grade Rails

    PSU Connect reported that Steel Authority of India Limited’s Bhilai Steel Plant has switched over rail production to superior R260 Grade Rail to meet Indian Railways requirement. Bhilai Steel Plant is now producing & supplying the desired new R260 grade of rails with a new 60E1 profile to Indian Railways. This new R260 grade of rails with even more stringent specification norms than European standard EN 13674 coupled with a perfectly engineered 60E1 profile is more suitable for higher speed and higher axle load. The higher strength of this new grade of rails being supplied by SAIL-Bhilai will enable to withstand more rigorous Rail traffic loads and also achieve better service life and will help in reducing cycle time cost. More than 56,000 tonnes of R260 grade rails with 60E1 profile have so far been rolled out and about 50,000 tonnes has already been despatched to Indian Railways in the months of April & May 2021.

    The new R260 grade not only ensures cleaner steel but also provides better mechanical properties. This micro-alloyed special R260 grade steel is being produced in both Steel Melting Shops of Bhilai SMS 3 and SMS 2. The new grade rails in new profile 60E1 are being rolled out from Universal Rail Mill as well as from its Rail & Structural Mill.

    Indian Railways is moving towards operating at higher axle load and speed for which it required micro-alloyed R260 grade Rail steel exhibiting higher yield strength.

    Source - Strategic Research Institute
  18. forum rang 10 voda 1 juni 2021 06:43
    Russia Signs Pact for Gas Pipeline Construction in Pakistan

    Leading Russian pipe maker TMK announced that Russian Energy Minister Mr Nikolai Shulginov and Pakistani Ambassador Extraordinary and Plenipotentiary to the Russian Federation Mr Shafkat Ali-Khan have signed a Protocol on amendments to the intergovernmental agreement on cooperation on the Pakistan Stream gas pipeline construction project, one of the main participants of which will be the Pipe Metallurgical Company TMK. The document will allow the parties in the near future to begin the practical implementation of the flagship project of bilateral cooperation in the energy sector, designed to strengthen the energy security of Pakistan.

    The Pakistani Stream gas pipeline, originally known as North-South, will link the liquefied natural gas reception infrastructure in the ports of Karachi and Gwadar in southern Pakistan with power plants and industrial gas consumers in Kasur (Punjab) district in the north of the country. Its length will be over 1.1 thousand km, and its throughput capacity will be up to 12.3 billion cubic meters per year.

    Source - Strategic Research Institute
  19. forum rang 10 voda 1 juni 2021 06:44
    ECIU Report Raises Concerns over UK’s Hydrogen Steel Plans

    Express & Star reported that a report from the Energy and Climate Intelligence Unit has warned that UK is falling behind the rest of Europe when it comes to developing a new green steel sector. ECIU said “23 hydrogen steel projects are either planned or under way across Europe, including plans to produce hundreds of thousands of tonnes of green steel by as early as next year. The UK is well placed with its long-standing steel industry and research sector and large offshore wind resources which can make clean hydrogen, and stands to secure thousands of jobs and an economic boost from making the switch to green production. But there are no concrete plans for using hydrogen to produce primary steel, and only vague plans for one project to install technology which captures and buries carbon, a report has warned.

    The report said “While a GBP 250 million clean steel fund was launched in 2019 to decarbonise the sector, under current plans the money will not be available until 2023, while there are delays to the hydrogen strategy.”

    ECIU head of analysis Dr Jonathan Marshall said “This stark illustration of just how far and fast the UK is falling behind in the race to green steel should be a wake-up call both to ministers and the communities reliant on jobs in the steel sector. Long investment cycles mean that cutting emissions in hard-to-decarbonise sectors must be under way now. This is essential not only if we are to hit climate targets, but also if the UK is serious about creating jobs and industries that are fit for the future. The UK has enviable resources to produce clean hydrogen from renewable energy, using this to underpin a clean steel industry will bring vast economic benefits across the country. Our government just isn't stepping up to provide UK steelmakers with the support they need, holding back the industry and threatening its future.”

    And he warned “EU nations are clearly seeing the opportunities presented by decarbonising their steel sectors; the UK needs to recognise that this is a competitive global market, so sticking with the status quo, or worse, arguing that the sector will remain reliant on coking coal, just doesn’t cut it.”

    Source - Strategic Research Institute
    Bijlage:
  20. forum rang 10 voda 1 juni 2021 06:45
    300 Bed Covid Care Facility Opens at RINL Vizag Steel

    India’s Steel Minister Mr Dharmendra Pradhan has inaugurated the Jumbo Covid Care Facility with 300 beds (Phase-1) out of the planned 1000 bed facility for treatment of Covid Patients at Gurajada Kalakshetram and Hostel-1 at Rashtriya Ispat Nigam Limited through virtual mode. 300 Oxygen bed in the first phase include 100 Bed at Trainees Hostel-1 and 200 Bed at Gurajada Kalakshetram.

    The Gurajada Kalakshetram complex is equipped with centralized Air Conditioned Covid wards, Central Oxygen supply with back up of 300 Jumbo Oxygen cylinders and 20 oxygen concentrators & 10 CIPAP machines. All beds are provided with Oxygen humidifiers with distilled water & flow meters.

    Spacious reception & registration block with a Triage area is being manned by Doctors & paramedical staff. Wheel chair, Trolley with Oxygen cylinder & mask at the entrance and well stocked pharmacy with all emergency & routine drugs are arranged. Medical supervision by Intensivist & Pulmonologist along with a trained team of Doctors, Nurses & other paramedical support staff are there for the round the clock service. Free food facility is being provided for all on duty medical & paramedical contractual staff. Along with an Ambulance facility for emergency transfer of patients other facilities like new toilet blocks and Hot & cold RO drinking water facility etc. are also made available.

    Source - Strategic Research Institute
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