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Aandeel ArcelorMittal AEX:MT.NL, LU1598757687

  • 23,830 19 apr 2024 17:35
  • +0,030 (+0,13%) Dagrange 23,440 - 23,880
  • 2.845.773 Gem. (3M) 2,4M

Nieuws en info hier plaatsen (deel 4)

35.173 Posts
Pagina: «« 1 ... 1544 1545 1546 1547 1548 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 28 juni 2022 07:35
    Khuzestan Steel Halts Plant after Predatory Sparrow Cyberattack

    Strategic Research Institute
    Published on :
    28 Jun, 2022, 6:55 am

    Iranian media reported that one of Iran’s major steel companies state-owned Khuzestan Steel Company, Iran’s second biggest after Mobarakeh, was forced to halt production after being hit by a cyberattack, apparently marking one of the biggest such assaults on the country’s strategic industrial sector in recent memory. Khuzestan Steel Company said that experts had determined the plant had to stop work until further notice due to technical problems following cyberattacks. Khuzestan Steel CEO Mr Amin Ebrahimi claimed that Khuzestan Steel managed to thwart the cyberattack and prevent structural damage to production lines that would impact supply chains and customers. He said “Fortunately with time and awareness, the attack was unsuccessful & expects everything to return to normal by the end of Monday.”

    A local news channel, Jamaran, reported that the attack failed because the factory happened to be non-operational at the time due to an electricity outage.

    A hacking group called Predatory Sparrow targeted three of Iran’s major steel plants by a cyberattack, purportedly forcing one of them to halt production. The group said that it hacked Mobarakeh Steel Company in the central Esfahan province, Khuzestan Steel Company in southwestern Iran near Ahvaz and Hormozgan Steel Company in the south.

    Khuzestan Steel’s website ksc.ir is still down at this time

    Khuzestan Steel Company, based in Ahvaz in the oil-rich southwestern Khuzestan province, has a monopoly on steel production in Iran along with two other major state-owned firms. Founded before Iran’s 1979 Islamic Revolution, the company for decades afterward had some production lines supplied by German, Italian and Japanese companies.
  2. forum rang 10 voda 28 juni 2022 07:35
    DGTR Extends Electrogalvanized Steel AD Duty Probe till 27 July

    Strategic Research Institute
    Published on :
    28 Jun, 2022, 6:57 am

    India’s Director General Trade Remadies on 8 June 2022 has extended the time limit for completion of Anti-Dumping investigation concerning imports of Electrogalvanized Steel from Korea, Japan & Singapore till 27 July 2022.

    DGTR had opened AD Duty case in June 2021 after American Precoat Speciality filed an application for initiation of anti-dumping investigation concerning imports of Electrogalvanized Steel originating in or exported from Korea, Japan & Singapore. American Precoat Speciality has alleged that material retardation is being caused to the establishment of the domestic industry due to dumped imports of subject goods from the subject countries, and has requested for imposition of anti-dumping duty on the import of the subject goods from the subject countries.

    The product under consideration is flat rolled products of hot rolled or cold rolled steel continuously electrolytically plated or coated with zinc, with or without alloying elements. The product under consideration is commonly known as Electrogalvanized steel. The product under consideration may be either of alloy or non-alloy steel, whether or not of prime or non-prime quality. The product under consideration may be in coils or not in coils form. The product under consideration includes all types of Electrogalvanized steel whether or not coated, passivated, pre-treated, pre-painted, colour coated, thin organic coated, chromated, phosphated, printed, whether or not corrugated or profiled, and whether or not having anti-fingerprint treatment.

    The period of investigation for the purpose of the present investigation is from 1 January 2020 to 31 December 2020. The injury investigation period for the present investigation will be 2017-18, 2018-19, 2019-20 and the period of investigation.

    The following are excluded from the scope of product under consideration

    1. Flat rolled steel products that are plated or coated with alloy of aluminium and zinc

    2. Flat rolled steel products that are plated or coated with alloy of zinc and nickel with nickel being aimed at a minimum 11%

    3. Hot-dip galvanized flat rolled steel products

    4. Tin-mill flat rolled steel products

    The product under consideration is classified under HS Codes 7210,7212,7225 and 7226 of Schedule I of the Customs Tariff Act, 1975. However, imports of the product under consideration have also been made under HS Codes 7209 & 7211 of Schedule I of the Customs Tariff Act, 1975.

    The intended end use of the product under consideration is for protection from corrosion and is majorly used in the manufacturing of electronic appliances, auto applications, consumer electronics, furniture, HVAC, roofing and siding, ceiling grid, construction, office equipment etc.
  3. forum rang 10 voda 28 juni 2022 07:36
    Mr Rinat Akhmetov Knocks European Court of Human Rights for Assets

    Strategic Research Institute
    Published on :
    28 Jun, 2022, 6:58 am

    Kommersant reported that Ukraine’s richest oligarch & steel tycoon Mr Rinat Akhmetov has filed a lawsuit against Russia in European Court of Human Rights citing grievous violations in Russia’s seizure of Ukrainian property and resources since the start of Moscow’s invasion in late February. MrAkhmetov’s System Capital Management group said that the lawsuit seeks relief for Russia’s blockading, looting, destruction and diversion of grain and metals. Mr Akhmetov said “Russia’s crimes against Ukraine and our people are egregious, and those guilty of them must be held liable. Evil cannot go unpunished and those guilty of them must be held liable. These barbaric actions must be stopped, and Russia must pay in full. I believe in justice, and I am fighting for it. This lawsuit is one of the first international legal steps against Russia to stop their ongoing crimes, destruction of the Ukrainian economy and the plundering of Ukrainian assets.”

    Kremlin spokesman Mr Dmitry Peskov brushed off questions about Akhmetov’s lawsuit Monday, saying Russia had withdrawn from the court’s jurisdiction and would not recognize any of its rulings. He said “The answer here is completely obvious.”

    The tycoon’s lawsuit comes after Ukraine’s justice department filed a separate suit at the same court last month seeking USD 80 billion in compensation from the Kremlin over the war.

    A native of Ukraine’s eastern Donetsk region, one of the focal points of Russia’s ongoing invasion, Mr Akhmetov claims a number of steel manufacturing plants, coal mines and other businesses in eastern and southern Ukraine have been stolen by Russian forces since the start of its invasion in February. Metainvest has also reported serious damage to its assets, including the Azovstal steel factory in Mariupol, which was besieged by Russian forces in March and April as the city’s last Ukrainian forces sheltered there.

    The company said that more than 234,000 tonnes of steel manufactured by its Ilyich Steel and Azovstal factories had been in storage when Russia’s invasion of Ukraine began, of which about 28,000 tonnes were already loaded onto four ships in the port of Mariupol. The company told the Financial Times that 2,500 tons of that steel had been taken by a Russian-owned ship to the Russian city of Rostov-on-Don.
  4. forum rang 10 voda 28 juni 2022 08:15
    Turkish rebar returns to Asian market
    247 Views

    Turkish mills, which have been unable to compete in Asian markets for a long time, have managed to conclude rebar sales to this destination at competitive prices.

    Although there was news in the market of a western Turkish mill’s rebar sale to Singapore at $650/tonne cfr theoretical weight two weeks ago, there was no confirmation of this deal.

    A Marmara mill is now however confirmed to have sold 50,000 tonnes of rebar to Hong Kong at $670/t cfr actual weight, for September shipment. With the indicative freight rate at around $45/t, the fob Turkey equivalent of this sale would be around $625/t actual weight, Kallanish notes.

    The sale has given hope to Turkish mills as sentiment has been quite bearish. Turkish rebar producers were unable to compete in the Asian market with suppliers in Gulf countries and India, and large-volume sales were lacking for a long time.

    The mill that closed the rebar sale is heard to have concluded a US-origin HMS 1&2 80:20 scrap purchase at around $330-335/t cfr Turkey, though confirmation is yet to be received.

    Burcak Alpman Turkey
  5. forum rang 10 voda 29 juni 2022 07:10
    Zaporizhstal Continuing to Operate at 50% of Capacity

    Strategic Research Institute
    Published on :
    29 Jun, 2022, 5:51 am

    Interfax Russia reported that Ukrainian steel maker Metinvest’s Zaporizhstal steel plant is continuing to operate at 50% of its capacity after partially resuming production. Zaporizhstal CEO Mr Oleksandr Myronenko in an interview with segodnya.ua said “Zaporizhstal is currently experiencing logistical problems, supplies with feedstock and the shipment of finished products. Due to significant logistical problems and overburdened railway border crossings, metallurgical businesses in Zaporizhzhya have to consider output reduction. Logistical problems have not been resolved. We have significant problems with shipping our products to EU customers. All of our routes before 24 February passed through ports, but they are inaccessible now. We have a glut at border crossing points in western Ukraine. All of this prompts us to consider an output reduction, because our products just can't be shipped across the border.”

    Mr Myronenko said “Zaporizhstal managers are doing all they can to maintain the volumes of exports and foreign exchange inflow to the country, in particular, providing the plant's own equipment to reload its products at the border with the EU. In addition, along with the Cabinet of Ministers, they are exploring ways to resolve logistical problems.”

    As reported earlier, Zaporizhstal reduced the output of rolled products by 46% to 753,800 tonnes, crude steel by 49% to 852,700 tonnes, and pig iron by 46% to 987,600 tonnes in the first five months of 2022 year-on-year.

    Zaporizhstal is one of the largest industrial enterprises in Ukraine, whose products are in demand both on the domestic market and foreign markets. It produces hot-rolled steel coil, hot-rolled sheet, cold-rolled sheet, cold-rolled coil made of carbon and low-alloy steels, as well as steel strip, black tin, and bent profile. The products are mostly supplied to manufacturers of welded pipes, cars, road and agricultural machinery, and household appliances.

    Zaporizhstal is in the process of integration into Metinvest Group, owned by System Capital Management with 71.24% and Smart Holding Group with 23.76%.
  6. forum rang 10 voda 29 juni 2022 07:11
    US Sets Final AD Duty on Welded Line Pipe Imports from South Korea

    Strategic Research Institute
    Published on :
    29 Jun, 2022, 5:53 am

    The US Department of Commerce has announced the final results of its administrative review of the antidumping duty order on welded line pipe from South Korea for the period between 1 December 2019 and 30 November 2020. US DOC has determined that South Korean steel mills sold subject goods below normal value during the period of review. The DOC has determined weighted-average dumping margins of 1.73% for Hyundai Steel and other companies, as compared to preliminary antidumping duties of 1.93%. The final antidumping duties for the country are applicable from 27 June 2022.

    The weighted-average dumping margin determined for SeAH Steel Corporation is at zero percent as the company did not report the actual entered value for all of its US sales and the DOC calculated importer-specific per-unit duty assessment rates.

    The subject merchandise is provided for in subheadings 7305.11.1030, 7305.11.1060, 7305.11.5000, 7305.12.1030, 7305.12.1060, 7305.12.5000, 7305.19.1030, 7305.19.5000, 7306.19.1010, 7306.19.1050, 7306.19.5110, and 7306.19.5150 of the Harmonized Tariff Schedule of the United States.
  7. forum rang 10 voda 29 juni 2022 07:12
    Outokumpu Orders Mold Expert Fiber Systems from Primetals

    Strategic Research Institute
    Published on :
    29 Jun, 2022, 5:57 am

    Finnish stainless steel producer Outokumpu has recently placed an order with Primetals Technologies for two new molds and two new Mold Expert Fiber systems. The equipment will be supplied to Outokumpu’s two single-strand slab casters at its site in Tornio, located in the north-western part of Finland. Startup is scheduled for April 2023. As a global market leader in stainless steel, Outokumpu wants to use Primetals Technologies’ expertise and technology to take its proficiency in casting stainless steel to a new level.

    The variety of stainless steel grades in Outokumpu’s product portfolio is constantly increasing as more complex and specialized steels are introduced and produced. At the same time, quality levels for standard products are also increasing as the products are used in more demanding applications. To be able to successfully expand our product portfolio, to further improve product quality, and to ensure safe production, Outokumpu has decided to invest in cutting-edge technology for mold temperature measurement. The new technology provides a new type of visualization of the mold. This is of great importance because the mold is where the slab’s surface quality is determined. Also, Mold Expert Fiber gives the possibility to control the casting process and the solidification of the steel to a greater extent.

    Mold Expert Fiber’s core aim is to alarm operators to the possibility of a caster-mold breakout at the earliest possible stage. The system will also deliver information that up until now was unattainable, for example data on the exact mold level across the whole width of the mold and the liquid steel’s movements inside the mold. Therefore, the Mold Expert Fiber system will be a main tool for Outokumpu for developing new steel grades.

    The two systems that will be supplied to the Tornio plant feature 1,786 measuring points per mold, which is more than 30 times more sensors compared with conventional thermocouple measuring. The secret behind this abundance of measuring points is fiber technology – Fiber Bragg Gratings which reflect light are burned into the fiber, and when the temperature changes, they reflect the light differently. These changes can be measured with great accuracy and visualized. As a result, the measuring points are producing a real time thermal image of what is going on inside the mold.

    The scope of supply includes detail engineering, mechanical engineering, manufacturing, commissioning, and a one-year service deal. This means that for the first 12 months after purchase, Primetals Technologies will support Outokumpu in handling and analyzing the rich amount of slab casting data.
  8. forum rang 10 voda 29 juni 2022 07:14
    Thailand Starts Sunset Review of AD Duty on Chinese & Malaysian HR

    Strategic Research Institute
    Published on :
    29 Jun, 2022, 5:59 am

    Thailand’s Department of Foreign Trade’s Committee of Dumping & Subsidy has initiated a sunset review of antidumping duties on hot rolled coils imported from China and Malaysia. The review was launched upon a complaint made by local manufacturer Sahaviriya Steel Industries on 9 February 2022.

    The duties on the CIF price were imposed for five years in 2017, at 30.91% for China and 23.57-42.51% for Malaysia. The measures expired on 22 June 2022. The rates will be unchanged over the investigation period that started on June 20 with the final decision expected within a year.
  9. forum rang 10 voda 29 juni 2022 07:15
    Nextracker Opens Solar Trackers Plant in Pittsburgh with BCI Steel

    Strategic Research Institute
    Published on :
    29 Jun, 2022, 6:01 am

    US’s market leader in utility scale solar trackers Nextracker and Pittsburgh based steel fabricator BCI Steel have announced the reopening of the historic Bethlehem Steel manufacturing factory in nearby Leetsdale to produce solar tracker equipment for large-scale solar power plants. The steel processing plant will incorporate BCI Steel's new and reshored equipment shipped to the US from factories in Malaysia and Brazil. The newly reopened Pittsburgh factory is ideally situated with proximity to river and rail transport in a location steeped in manufacturing history. The factory lies on the same grounds where steel fabricators built materials for tank landing ships during WWII. Solar tracker products produced at the factory will serve rapidly growing solar markets in Pennsylvania, Indiana, New York and Ohio.

    United States Steel Corporation’s SVP & CCO Mr Ken Jaycox said “US Steel is pleased to supply steel that is mined, melted and made in America for Nextracker's advanced solar tracker systems. We applaud Nextracker's expansion of manufacturing in Pittsburgh and other locations in the US. Providing industry leading products for our customers utilizing advanced technology and fully optimized facilities is key to US Steel's Best for All strategy.”

    This is the third solar tracker fabrication line Nextracker has commissioned with a steel manufacturing partner in 2022 as part of its commitment to rebuilding America's steel and solar supply chains. With additional capacity in Pittsburgh, Nextracker is building out 10 GW of Made in America manufacturing capacity, enough to power 7.5 million homes. Earlier this year, Nextracker opened a green steel tracker production line in Texas with JM Steel and another dedicated steel production line in Arizona with Atkore.

    Under this reshoring initiative, Nextracker has already procured over 100,000 tonnes of US made steel so far this year, enough for approximately 5 GW of solar trackers.

    Nextracker is the leading provider of intelligent, integrated solar tracker and software solutions used in utility-scale and ground-mounted distributed generation solar projects around the world. Its products enable solar panels in utility-scale power plants to follow the sun's movement across the sky and optimize plant performance. With over 50 GW shipped worldwide, Nextracker leads the solar industry with solar tracker technologies that optimize and increase energy production while reducing costs for significant plant ROI.
  10. forum rang 10 voda 29 juni 2022 07:15
    China extends AD Duty on Steel Fasteners from Europe & UK

    Strategic Research Institute
    Published on :
    29 Jun, 2022, 6:04 am

    Reuters, citing China’s Commerce Ministry, reported that China will extend anti-dumping tariffs on certain steel fasteners imported from the European Union and the UK for five years. The anti-dumping tariffs will come into effect from 29 June 2022. This follows the application lodged on 28 April 2021 by the Fastener Branch of China Machinery General Parts Industry Association on behalf of China's carbon steel fastener industry.

    On 29 December 2008, the Ministry of Commerce of the People's Republic of China decided to initiate an anti-dumping investigation on imports of certain iron or steel fasteners from the European Union. The rate of the duty was 24.6%, at the exception of the company Kamax-Werke Rudolf Kellermann GMBH & Co KG whose exports are subject to a duty of 16.8%.

    29 Jun 2010 – Renewal at 26.0% & 6.1%

    28 Jun 2016 - Extension

    28 Jun 2021 – Extension 5.5-26% for EU & 26% for UK

    The products subject to investigation are classified under the following HS codes: 7318.1200, 7318.1400, 7318.1500, 7318.2100 and 7318.2200.
  11. forum rang 10 voda 29 juni 2022 07:16
    USW Plans Algoma Steel Strike Mandate Vote on 4 July

    Strategic Research Institute
    Published on :
    29 Jun, 2022, 6:06 am

    Soo Today reported that more than 2,000 members of Algoma Steel's largest collective bargaining group have been summoned to a strike authorization vote on 4 July 2022. United Steelworkers Local 2251, representing all the steelmaker's hourly workers, will hold the vote by secret ballot on the main floor of GFL Memorial Gardens & union executives will provide negotiation updates to their membership the same day. If the vote gives Local 2251 leadership permission to call a strike, that doesn't mean labour action would take place immediately. A strike authorization vote isn't a vote to go on strike, but it places the Steelworkers in a legal strike position.

    The union's negotiating committee is playing hardball with Algoma Steel that's riding high after more than doubling fourth-quarter net profit to CAD 243 million, up from CAD 100 million in the same period last year. For Local 2251's Mr Mike Da Prat, big profits show it's time for the company to share that wealth with workers who over the years have repeatedly made concessions to ensure Algoma's survival. Mr Da Prat told CBC “If they had to pay out CAD 150 million in profit-sharing, it means that they made exorbitant income over CAD 3 billion. We have invested in this company heavily, as employees.”

    Last week, Algoma Steel announced the largest per-employee payout in its 121-year history: CAD151 million in total profit-sharing payments for the 2022 fiscal year. Divided among 2,700 employees, that came to almost CAD 56,000 per worker.
  12. forum rang 10 voda 29 juni 2022 07:17
    Outokumpu to Divest Aalten Plate Service Center to Roba Holding

    Strategic Research Institute
    Published on :
    29 Jun, 2022, 6:08 am

    Finnish stainless steel producer Outokumpu is divesting its plate service center in Aalten in the Netherlands to Roba Holding, which is a family-owned business located in the Netherlands and a supplier of steel, stainless steel, aluminium, recycled metal as well as non-ferrous metals. Outokumpu will continue to supply Aalten with plates produced at its Degerfors plate mill in Sweden as well as from other Outokumpu mills, even after the closing of the deal, estimate to take place in approximately 1–3 months. All the employees, management and operations in Aalten will be part of the deal and transfer to Roba Metals.

    Outokumpu’s VP, Corporate Finance & M&A Antti Maununiemi said “Through this transaction, we are combining our forces with our customers who makes sense and allows us to make our European operations the most profitable in Europe. The divestment does not affect our other coil and plate operations in Europe. We continue to work together, as Outokumpu continues to supply Aalten with plates produced at Outokumpu mills.”

    At PSC Benelux, located in Aalten in The Netherlands, plate service centers offer bending, sawing, welding, machining, laser cutting, plasma cutting and waterjet cutting. Plasma cutting is available in thicknesses up to 150 mm. Material up to 70 mm in thickness can be cut under water, reducing heat impact on the material. Thick dimension material (70–150 mm) is dry-cut. Water jet cutting produces clean cuts with narrow tolerances, reducing the need for further machining and additional costs. Benelux water jets handle materials up to 150 mm in thickness and maximum plate dimensions of 6 by 3 meters. Advanced laser cutting equipment is used to process sheets 6 meters long by 2 meters wide. A 6 kW CO2 laser cuts material up to 25 mm in thickness. Two quality cuts are available at Benelux: Standard, and Bright Line for high-shine, smooth cuts with narrow tolerances that need no subsequent processing. In machining, Benelux offers unique production efficiencies. Turning can be done in dimensions of up to 1,450 mm, and drilling and milling are performed on a table measuring 2,200 mm by 860 mm. The facility’s CNC operation includes one machine equipped with multiple functions (turning/drilling) that streamline production processes.
  13. forum rang 10 voda 29 juni 2022 07:18
    Turkey Sets Import Duties on Steel from OIC Member Countries

    Strategic Research Institute
    Published on :
    29 Jun, 2022, 6:10 am

    Turkish government announced on 25 June 2022 that Turkey has adjusted customs duties on various steel products imported from Organization of the Islamic Conference within the scope of the Preferential Trade System Framework Agreement between the Organizations of the Islamic Cooperation Member States wef 1 Jul2022. Organization of the Islamic Conference members include Bahrain, Bangladesh, the United Arab Emirates, Morocco, Iran, Qatar, Kuwait, Malaysia, Pakistan, Saudi Arabia, Oman and Jordan.

    HR (7208) – 9-13%

    CR (7209) – 10% & 7% for white goods

    Plates (7211) - 11%

    Steel Sections (7216) - 16.5%

    Coated sheet, rebar, U Beam and wire rod are not included in the regulation
  14. forum rang 10 voda 29 juni 2022 07:19
    USW Workers Vote for Strike Mandate at Stelco in Canada

    Strategic Research Institute
    Published on :
    29 Jun, 2022, 6:12 am

    Simcoe Reformer reported that United Steelworkers Local 8782 said that a vote on 27 June 2022 resulted in 99.1% in favour of authorizing a strike at Canadian steel maker Stelco. More than 1,000 USW members work at Stelco’s Nanticoke operations in production and skilled trades, producing hot-rolled coil steel. The current five-year collective agreement expires on June 30. Talks for a new agreement between the union and Stelco began on March 14. The union filed with the Ontario Labour Relations Board on June 22.

    Union Local 8782 President Mr Randy Graham recently said “Stelco has the wallet to handsomely reward its shareholders and to buy in to the Hamilton Tiger Cats football club. You can see Stelco signage all over the stadium at games. Well, it’s time to recognize the workers that are doing the hard work that contributes to the company’s success. Other large Canadian industrial companies like Bombardier and ArcelorMittal Long Products are paying their workers 18-26% increases over five or six years. Our members see that and they know they deserve to keep pace. Instead, the company is offering to shuffle around our pay and bonuses to disguise the fact that there’s only a small overall increase.”
  15. forum rang 10 voda 29 juni 2022 07:20
    EC Approves EUR 280.5 Million COVID Support to Celsa Spain

    Strategic Research Institute
    Published on :
    29 Jun, 2022, 6:14 am

    The European Commission has approved a Spanish recapitalization measure of EUR 280.5 million in favor of Barna Steel SA, the holding company of Celsa Spain. The measure was approved under the State aid Temporary Framework to implement the scheme that the Commission approved in July 2020. Since the individual aid amount is above the EUR 250 million thresholds laid down in the Temporary Framework, the measure had to be notified separately for individual assessment, in line with the relevant provisions of the abovementioned State aid decision and of the Temporary Framework. The support will consist in a recapitalization measure in the form of a participating loan of EUR 280.5 million.

    The Commission found that the Spanish measure is in line with the conditions of the Temporary Framework. In particular

    1. The aid is proportionate and limited to the amount necessary to ensure the viability of the beneficiary and to restore its capital position

    2. Safeguards are in place to ensure that the beneficiary does not unduly benefit from the recapitalization aid by the State to the detriment of fair competition in the Single Market

    3. The public support will be granted no later than 30 June 2022.

    The Commission concluded that the measure is necessary, appropriate and proportionate to remedy a serious disturbance in the economy of a Member State, in line with Article 107(3)(b) TFEU and the conditions set out in the Temporary Framework. On this basis, the Commission approved the individual aid measure under EU State aid rules.

    Barna Steel SA is part of privately owned business based in Spain Celsa Group that recycles ferrous waste and produces technology long steel products.
  16. forum rang 10 voda 29 juni 2022 07:21
    Steel Dynamics Forms SDI Biocarbon Solutions JV with Aymium

    Strategic Research Institute
    Published on :
    29 Jun, 2022, 6:17 am

    Fort Wayne Indiana US headquartered Steel Dynamics Inc has announced the creation of a strategic joint venture with leading producer of renewable biocarbon products Aymium. Steel Dynamics owns 55% of the joint venture, with Aymium owning the remaining 45%. The entity will operate under the name SDI Biocarbon Solutions. Initial plans for the joint venture include the construction and operation of a biocarbon production facility to supply Steel Dynamics’ electric arc furnace steel mills with a renewable alternative to fossil fuel carbon using Aymium’s patented technology. The initial facility’s production capability is expected to be more than 160,000 tonnes per year, for an estimated capital investment of USD 125-150 million. The facility is planned to begin operations late 2023.

    SDI has successfully trialed Aymium’s biocarbon product in steel operations, and conservatively estimate this first facility will reduce our Scope 1 steelmaking greenhouse gas emissions intensity between 20 -25%, with potential upside from the use of the facility’s biogas.

    Aymium produces high value biocarbon and biohydrogen products that can be used to immediately replace fossil fuels in the production of metals, energy, crops, and in the purification of water and air with no modifications to equipment or processes. Produced using sustainably sourced biomass, recovered and unusable wood, Aymium’s bioproducts are renewable, carbon-negative and they replace emission-heavy fossil fuels such as coal and coke. Aymium’s leading technology is backed by more than 300 issued or pending patents on a global basis. Aymium is headquartered in Minnesota.

    Steel Dynamics is one of the US’s largest domestic steel producers and metals recyclers in the United States, based on estimated annual steelmaking and metals recycling capability, with facilities located throughout the United States, and in Mexico. Steel Dynamics produces steel products, including hot roll, cold roll, and coated sheet steel, structural steel beams and shapes, rail, engineered special-bar-quality steel, cold finished steel, merchant bar products, specialty steel sections and steel joists and deck. In addition, the company produces liquid pig iron and processes and sells ferrous and nonferrous scrap.
  17. forum rang 10 voda 29 juni 2022 07:21
    Russian Steel Industry Faces Software Support Crisis

    Strategic Research Institute
    Published on :
    29 Jun, 2022, 6:19 am

    Bloomberg News reported that Russia’s reliance on foreign software to run its factories, farms and oil fields is turning into one of the biggest headaches for domestic industry as more IT providers pull out of the market in response to President Mr Vladimir Putin’s invasion of Ukraine. International sanctions and tensions over the war have forced industrial manufacturers from Siemens AG to SMS Group GmbH to wind down operations in what was once one of their biggest markets. Their computer programs might be missed more than their machines.

    Severstal’s Chief Information Officer Sergey Dunaev said in an interview “Foreign software is often baked directly into industrial machinery and controls high-precision processes. Equipment makers closely guard their intellectual property and in many cases don’t give clients access to the codes used to run their plants. In steelmaking, which can require accuracy within a few hundredths of a millimeter for high-value products, even small deviations can render output worthless.”

    According to the Russian Steel Association, Russian steel industry has invested about 3.2 trillion rubles (USD 59 billion) in the last two decades to rebuild capacity after its post-Soviet decline. Much of that was spent on equipment supplied by foreign companies like Siemens, SMS Group and Danieli & C Officine Meccaniche SpA to increase the sector’s efficiency.
  18. forum rang 10 voda 29 juni 2022 07:22
    UK’s TRA Reviewing Trade Measures on HRC & SS Bars Imports

    Strategic Research Institute
    Published on :
    29 Jun, 2022, 6:22 am

    UK’s Trade Remedies Authority has initiated a transition review into anti-dumping measures on Hot Rolled Coils from Russia, Ukraine, Brazil and Iran on 24 June 2022. It has also opened a transition review into anti-subsidy measures on imports of Stainless Steel bars and rods from India. These measures are among those that the UK inherited from the EU system and the TRA is reviewing them to make sure they are still suitable for the UK’s needs. The period of investigation for both transition reviews will be 1 April 2021 to 31 March 2022 while the injury period will be 1 April 2018 to 31 March 2022.

    In addition to today’s initiation of the transition reviews, the TRA has also opened a suspension investigation into the anti-dumping measures on HR from Ukraine. The TRA has assessed information provided to it by the government of Ukraine against the following three conditions

    Whether there has been a change to market conditions

    Whether the effect of this change is temporary

    The effect of this change on UK industry

    The TRA has made an initial assessment that these three conditions have been met following Russia’s invasion of Ukraine earlier this year and will now investigate this further.

    HRC Steel is used primarily in the mechanical and electrical engineering, construction and automobile sectors. The measures on Stainless Steel bars and rods cover those used across various industries, including the automotive, aerospace and food processing industries. These products can be easily cut and machined and are often used in the manufacture of tools, machine parts and components.
  19. forum rang 10 voda 29 juni 2022 07:23
    US Steel & SunCoke Ink LoI for Pig Iron Plant at Granite City Work

    Strategic Research Institute
    Published on :
    29 Jun, 2022, 6:25 am

    US Steel has signed a Non Binding Letter of Intent with raw material processing & handling company SunCoke Energy setting forth the preliminary terms for a potential arrangement under which SunCoke would acquire the two blast furnaces at Granite City Works and build a 2 million ton granulated pig iron production facility. Upon completion of the proposed facility, SunCoke would supply US Steel access to 100% of the pig iron production for the next ten years. US Steel intends to supply the needed iron ore to be used to produce the pig iron. Because the iron ore would come from US Steel’s own mines, the Company would realize a significant cost advantage. This pig iron could be used by EAFs and is expected to supply US Steel’s growing fleet of EAFs.

    SunCoke would be leading the efforts in construction of the new facility and repurposing of the blast furnaces. The contemplated pig iron production facility’s permitting and construction is expected to last approximately two years. This transaction is not expected to impact immediate staffing levels at Granite City Works.

    The proposed transaction is contingent upon several conditions, including the negotiation and execution of a definitive agreement, approval by the US Steel Board of Directors, and receipt of all appropriate regulatory approvals. There can be no assurance as to the final terms of the proposed transaction, that the conditions will be satisfied, or that the proposed transaction will be completed.

    Since 2009, SunCoke has operated a coke making facility at Granite City Works, supplying a key ingredient in blast furnace steelmaking.
  20. forum rang 10 voda 29 juni 2022 07:24
    ArcelorMittal France to Commission HybridFilter at Dunkirk in July

    Strategic Research Institute
    Published on :
    29 Jun, 2022, 6:29 am

    ArcelorMittal France announced that Greenstep project in Dunkirk, initiated in 2019, involves replacing an electrofilter in one of the site's sinter chains with a hybrid filter. Its hybrid system will allow the ArcelorMittal site in Dunkirk to be well below future environmental standards in terms of dust emissions. Manufactured by the company InNoSol, which specializes in the treatment of fumes, it was installed in its final position on 27 April & will be commissioned next July. Partners, engineers and external companies: the installation of the filter mobilized more than 250 people for a total of 40,000 hours of work.

    A hybrid filter is made up of a bagged electrofilter

    1. The electrofilter is an alternation of vertical tubes (hunting the dust) and plates (capturing the dust) which then release the dust by mechanical impact.

    2. The sleeve filter is made up of a set of sleeves through which the fumes pass. The dust is stopped there by the handles.

    Hybridization improves efficiency by ionizing dust. The fumes are thus largely purified from the dust (99% are captured).

    Co-financed by the European Union with the European Regional Development Fund, this environmental transformation project for the agglomeration should be commissioned at the beginning of July.
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