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voda 28 december 2021 07:51

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TISCO Stainless Steel for Automotive Exhaust Pass GM Certification

Strategic Research Institute
Published on :
28 Dec, 2021, 4:55 am

Chinese stainless steel giant TISCO’s stainless steel products for automobile exhaust systems have passed the certification of Shanghai General Motors and have begun to supply them. General Motors is recognized as one of the most demanding companies in the industry. In 2017, TISCO and Shanghai General Motors reached an agreement to tailor new stainless steel materials for the company’s automotive exhaust systems. After nearly two years of hard work, under the close cooperation of TISCO and Steel Technology Center and various departments and processes, the material composition system that meets the requirements of GM exhaust systems has been successfully designed. After small batch production trials, the products not only fully meet the exhaust gas requirements. Emission standards and design life requirements, and achieved the customer’s economic goals, and finally became a qualified material for General Motors.

At the same time, TISCO has also leveraged GM’s strong market guidance to further expand the development space of stainless steel materials for automotive exhaust systems. In September 2019, TISCO, Pan Asia Automotive Technology Center Co Ltd and Shanghai Tenneco Exhaust System Co Ltd jointly established an automotive stainless steel joint laboratory to jointly promote the development and application of more new stainless steel materials for automotive exhaust systems And the upgrading of related traditional materials.

TISCO’s products have been recognized by world-class car companies after passing the product certifications of famous automakers such as Mercedes-Benz, BMW and Toyota. At present, TISCO has the largest domestic market share of stainless steel products for automotive exhaust systems, and is one of the world’s most important suppliers of steel for automotive exhaust systems.

voda 3 januari 2022 07:21

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Researchers Study Corrosion in Laser Printed 316L Stainless Steel

Strategic Research Institute
Published on :
03 Jan, 2022, 4:30 am

Additive manufacturing is widely employed in materials fabrication, but it causes changes in microstructural features that can affect the material’s chemical composition and the quality and durability of the finished product. Laser-based additive manufacturing processes have a layer-by-layer action that causes the formation of highly heterogeneous microstructures. Another aspect of the process that causes this is rapid solidification due to large thermal gradients. Rapid solidification leads to high-density dislocations in steel that are vital for the aerospace, maritime, and vehicle industries. A research paper published in the journal Additive Manufacturing considers how the properties of stainless steel are affected by laser additive printing methods. Print orientation demonstrating the recoater direction relative to the gas flow; samples for this study were extracted from the columns, which had systematic variations in the printing speed.

Common features in industrial-grade steels manufactured with processes such as laser powder-bed fusion are macroscale fusion boundaries and solidification structures, and nanoscale sub-grain cellular structures. The cellular dislocation networks produced have implications for the overall quality and mechanical properties of finished steels. Some specific microstructural features of interest include multiscale interfaces, irregular surface chemistry, and bulk chemical heterogeneities. Microstructural features are intrinsically intertwined and lead to physical effects such as decreased corrosion resistance, which has implications for structural integrity and longevity of the additively manufactured steels. Defects can lead to the creation of surface electrochemical cells which cause localized corrosion (such as crevice corrosion and pitting) as well as general surface corrosion. The processes that lead to deleterious effects are complex and require intensive research to overcome.

Understanding microstructural defects and their effects on the chemical structure is necessary to elucidate the potential effects of additive manufacturing on the final product. The team behind the research used several multimodal analytical techniques to achieve the conclusions in the study. 316L powder was used to additively print the sample stainless steel. The system used was a Renishaw AM 250. The primary variable was scan speed, at 550, 650, and 700 mm/s, respectively. The samples produced were 25mm cylindrical rods. Five-millimeter sections were removed for analysis and corrosion measurements.

Laser printed additive manufactured stainless-steel specimens were analyzed with synchrotron x-ray diffraction, imaging techniques, spectroscopic techniques, and TEM. The specimens were L-PBF 316L stainless steels which were printed at different raster speeds. Chemical, atomic, and microstructural information on the fabricated steel was elucidated via analytical techniques. Stitched bright-field TEM micrographs of a selected region containing two adjacent grains near a melt pool boundary on the L-PBF 316L sample printed at 700 mm/s showing the underlying cellular dislocation network. Corresponding selected area diffraction patterns are shown in i and ii.

One of the main results of the study was the implications of defects in microstructure on corrosion behavior of the finished steel product. Corrosion resistance in 316L steel grades is due to the Cr promoting the formation of a bipolar passive film. This film is comprised of an inner Cr2O3 barrier layer and an outer layer that is enriched with metal oxyanions. This forms an electrokinetic barrier that prevents anions from entering.

Microstructural features that are produced during additive manufacturing can prevent the ability of a salute to contribute to passive film layer formation. Some studies on duplex stainless steel using synchrotron methods and electrochemical polarization experiments indicated that there is a correlation between alloy surface structure and nanoscale compositional heterogeneities. These heterogeneities influence passivity behavior such as a breakdown in passivity.

Studies have also indicated that there is a strong correlation between pitting formation and surface defects at the nanoscale. Knowing the nature of defect formation at the nanoscale will help to inform manufacturing strategies that strengthen additive printed stainless steel (and other materials) against the risk of corrosion.

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voda 5 januari 2022 08:04

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India Plans to Use of Stainless Steel in Bridges near Sea

Strategic Research Institute
Published on :
05 Jan, 2022, 5:28 am

Times of India reported that India’s Union Road Transport & Highways Minister Mr Nitin Gadkari, while releasing a book titled “Building Bridges”, which captures how his ministry undertook the task of setting up Indian Bridge Management System, hinted that the Indian Government may bring a policy making the use of stainless steel mandatory in bridges in areas that are close to the sea. He said “In localities like Mumbai and other areas close to the sea there is a common problem of rusting of the steel and that reduces strength of buildings and bridges. We may have to make a law that in areas within 30-50 km of a sea, we need to use only stainless steel. Rusting is a big problem. We also need to carry out more studies to find solutions.”

The minister also said that there is a dire need to fix the life or expiry date of bridges; carry out timely repair, but that’s possible only when there is data on the status of the bridge and for this we need to have proper audit reports.

He added that now because of Indian Bridge Management System, his ministry has basic data of nearly 172,000 bridges and there is need to improve this to get desired results.

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voda 20 januari 2022 08:12

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Nikkel naar hoogste peil in tien jaar

De metaalprijzen treden weer volop op het voorplan. Nikkel bereikte vanochtend in Shanghai zijn hoogste peil in meer dan tien jaar op 24.000 dollar per ton. Gisteren rukten de platina- en palladiumprijs ook fors op naar hun hoogste peil sinds november.

De aanleiding voor de nieuwe rally van de metaalprijzen was de renteverlaging van de Chinese centrale bank op woensdag. Er worden nog meer stimulusmaatregelen uit Peking verwacht in een poging de slabakkende Chinese economie aan te jagen. Gisteren profiteerden materialengroepen Umicore (+1,4%) en Johnson Matthey (+3,5%) van de nieuwe metalenrally.

www.tijd.be/markten-live/live-blog/re...

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voda 28 januari 2022 07:29

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Danieli Electric Soaking Furnace Starts at Fagersta Stainless

Strategic Research Institute
Published on :
28 Jan, 2022, 5:25 am

Danieli Centro Combustion announced the startup of a fully electrical soaking furnace for long products led to full operations in four weeks at Fagersta Stainless in Sweden. The Danieli Centro Combustion design maintains and equalizes billet temperature between induction heater reheating furnace and rolling mill. To achieve the process requirement, and at the same time pursue the ambitious target of decarbonization, the furnace is fully powered by electrical resistance. The resistance coils developed and tested in Danieli Research Center are installed along the entire length of the furnace roof and walls maintain the furnace chamber at temperatures up to 1250 degree Celsius, which was never reached before with this heating system. Despite the high temperatures dry rolls are installed, and this further reduces energy consumption by the soaking furnace.

Temperature control is performed through a silicon-controlled rectifier that allows very accurate zone-temperature tuning. In addition, the insulation system mainly composed by fiber, guarantees low inertia and high reactivity of the furnace, capable to heat up and cool down quickly with 200 degree Celsius per hour gradients, and maintain constantly the desired temperature with great accuracy plus/minus 2,5 degree Celsius, resulting in high flexibility.

The furnace was engineered, manufactured and assembled on site in 7 months following order signature, to meet customer requirement to make it operational at Summer stoppage.

voda 17 februari 2022 07:25

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Jindal Stainless & IIT ISM Dhanbad Ink MoU for R&D Projects

Strategic Research Institute
Published on :
17 Feb, 2022, 5:20 am

India’s largest stainless-steel manufacturer Jindal Stainless Limited & Dhanbad based Indian Institute of Technology ISM has signed a MoU to jointly carry out research and development on various projects. With this partnership, JSL envisions to take up research, new product development, environment safety, and skill development along with IIT ISM.

Both partners will explore research and development opportunities for a plethora of technological frontiers like assessing physiochemical properties and combustion characteristics of coal samples, ESG measures, pelletisation projects, water balancing, soil and geosynthetic studies, etc. JSL has a coal-based power plant and buys coal from all across the globe. Better expertise in selection of coal on right parameters, storage and handling of such coal, pulverising and efficient combustion of mixed coal as a recipe has lot of value creation, which the MoU will help drive. They will also jointly work towards finding effective solutions for various technological and operational challenges faced by JSL.

As part of the MoU, JSL will support the institution in form of paid summer internships to students, aligning projects for M-Tech students with JSL-specific requirements, and hiring envirotech and electrical & metallurgical graduates on merit basis. Additionally, IIT ISM will introduce Executive Development Programs in its curriculum which will be supported by JSL.

In the past, the Company has inked MoUs with eminent institutions of the country including IIT Kharagpur, IIT Roorkee, IIT BHU, OP Jindal University Raigarh, UPES Dehradun & MNIT Jaipur etc.

voda 22 februari 2022 07:28

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Jindal Stainless On boards NIFTEM for Promoting SS in Food Sector

Strategic Research Institute
Published on :
22 Feb, 2022, 5:11 am

India’s largest stainless steel producer Jindal Stainless has set up the Jindal Stainless Gallery at National Institute of Food Technology Entrepreneurship and Management, an apex institution under Ministry of Food Processing Industries. Jindal Stainless also signed MoU with the institute to work towards skill development, entrepreneurship, and academic cooperation, while highlighting the importance of stainless steel in the food processing industry.

This partnership will also see the rollout of a course on stainless steel in NIFTEM’s curriculum to promote technical studies on stainless steel usage in food processing sector, develop food testing vans, organize joint technical sessions for mutual benefits, etc. Apart from this, the Company will also train fabricators and welders to better equip them in stainless steel handling. Given NIFTEM’s academic and technical excellence, this collaboration will also be helpful in charting a roadmap to achieve BIS standards for stainless steel usage in the food industry.

Owing to inherent advantages like hygiene, strength, corrosion resistance, safety, and recyclability, stainless steel is a key material for food processing industry. Major applications like rice mill processing, dairy, bread and meat processing, etc. extensively use stainless steel equipment. There is still ample scope in India to amplify usage of this hygienic metal in the processing of edibles to ensure food safety. Moreover there are no reference standards available for the metal’s use to develop food processing equipment. Collaboration with an institute of national importance will certainly play an important role in educating professionals and for a better coordination with the government to frame sector-specific policies and regulations.

voda 25 februari 2022 07:00

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Stainless Steel Leader Acerinox Joins ResponsibleSteel

Strategic Research Institute
Published on :
25 Feb, 2022, 5:12 am

Responsible Steel announced that global manufacturer of stainless steels Acerinox has joined as a new member. Acerinox CEO Mr Bernardo Velázquez expressed his delight and gratitude for the inclusion of Acerinox as a member of Responsible Steel and assured that "our commitment to sustainability is linked to efficiency as this way we reduce resources, thus mitigating our footprint. Moreover, our product is an example of the circular economy, as it can be recycled infinitely as many times as necessary and without losing its properties in the process, becoming a resource once more for multiple applications".

Since its incorporation in Spain in 1970, Acerinox has had a clear international vocation, and is currently one of Europe's leaders in the manufacture of stainless steel, the prominent leader both in the US and Africa, and is global leader in the high performance alloys market. The Acerinox Group has 13 factories located on four continents, and sells its materials in 83 countries thanks to its extensive network of offices, service centres and salespeople. Acerinox is a benchmark in innovation and sustainability, with some of the most sophisticated technological advances in this sector thanks to its ongoing investment programme.

voda 7 maart 2022 07:15

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US DOC Reviews AD Duty on Stainless Steel Bars from India

Strategic Research Institute
Published on :
07 Mar, 2022, 4:36 am

US Department of Commerce has preliminarily determined that certain producers & exporters subject to this administrative review made sales of stainless steel bar from India at less than normal value & interested parties are invited to comment on these preliminary results of review. As a result of this review, US DOC preliminarily determined the following weighted-average dumping margins for the period 1 February 2020 through 31 January 2021

Venus Wire Industries Pvt Ltd – 0%

Hindustan Inox Ltd – 0%

Precision Metals & Sieves Manufacturers (India) Pvt Ltd – 0%

Laxcon Steels Limited - 0.65%

U DOC intends to issue the final results of this administrative review, including the results of its analysis raised in any written briefs, no later than 120 days after the publication of these preliminary results in the Federal Register, unless otherwise extended.

On 1 April 2021, based on timely requests for review, US DOC initiated an administrative review of the antidumping duty order on SS bar from India. The period of review is 1 February 2020, through 31 January 2021. On 30 September 2021, US DOC extended the preliminary results of this review.

voda 9 maart 2022 07:21

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DMCI Mining Reports 18% YoY Increase in Nickel Ore in 2021

Strategic Research Institute
Published on :
09 Mar, 2022, 5:30 am

DMCI Mining Corp has shipped 1.9 million wet metric tonnes of nickel ore in 2021, a significant increase of 18% from 1.6 million wet metric tonnes the prior year and an all-time high for the company. DMCI Mining revenues grew 63% in 2021 from PHP 2.5 billion to PHP 4 billion. Coupled with surging nickel prices, the record shipments nearly tripled the company's net income from PHP 575 million to PHP 1.7 billion, its highest ever.

Average selling prices jumped 40% from USD 30 to USD 42 on low global inventory amid a stronger-than-expected recovery in stainless steel production, steady build-up in electric vehicle battery demand and the continuing Indonesian nickel ore export ban.

Meanwhile, the average nickel grade of the shipped nickel slightly improved from 1.33% to 1.36%.

DMCI Mining operates as a subsidiary of DMCI Holdings Inc. It undertakes exploration and mining of nickel, chromite and iron laterite through its operations in Zambales and Palawan.

voda 11 maart 2022 06:52

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EUROFER Seeks Action to Prevent Further Surges in Nickel Prices

Strategic Research Institute
Published on :
11 Mar, 2022, 5:19 am

European Steel Association EUROFER has called on the London Metal Exchange & the Financial Conduct Authority to take the necessary action to resolve the massive, artificial fluctuations in nickel prices and impose the indispensable measures to ensure it does not reoccur. EUROFER has also requested for a commitment on transparency on moves by single or group of market participants exceeding regular participation and trading limits. EUROFER Director General Mr Axel Eggert said “In the last days, and since markets opened on 7 March in particular, we have seen an unprecedented surge in nickel prices that cannot be explained by supply and demand, nor by the sanctions recently imposed on Russia, no other commodity has seen the same price increase as nickel in recent days. These massive fluctuations in the nickel market can seriously impact both the European nickel users and consumers, eventually leading to job losses, and jeopardize the EU green transition.”

Mr Eggert warned “This is not the first time that such market anomalies occur. Already in the summer of 2019 there was a similar situation of possible market manipulation by a specific player. It is of utmost importance to solve this issue once for all so we do not see this happening a third time.”

EUROFER requests the LME to keep the market closed until stability and normal price levels are restored. It also requests a thorough investigation of the trading practices by some market players to determine whether they may constitute market abuse or the creation of a disorderly market, or another prohibited practice.

Nickel is an essential element of the low carbon economy: stainless steel alone represents over 70% of its consumption, followed by the batteries sector.

voda 14 maart 2022 06:44

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BBVA Signs Sustainability-Linked Deposit North American Stainless

Strategic Research Institute
Published on :
14 Mar, 2022, 4:56 am

BBVA & Acerinox Group’s US subsidiary North American Stainless have signed a USD 100 million deposit. It is a relevant operation for both companies as it is NAS’ first sustainability-linked deposit, and the first deposit of this kind that BBVA has signed with a US client. The funds from this USD 100 million deposit will be used for the maintenance of BBVA Corporate & Investment Banking’s sustainable portfolio, which is comprised of assets considered sustainable according to the eligibility criteria described in BBVA’s sustainable transaction banking framework.

Acerinox and BBVA signed the first sustainable loan in the steel industry in Spain in 2020. Its US subsidiary, North American Stainless, a leading company in the production of stainless steel in the US, is also very committed to the environmental impact. NAS is a huge recycler of steel, with a long history defending waste reduction, the reuse of materials and the recycling of metallic and non-metallic materials.

As a sign of its commitment to the fight against climate change, BBVA approved its Pledge 2025 in 2018, in which it committed to mobilize a total of EUR 100 billion in green financing, sustainable infrastructure and financial inclusion. Three years later, and after reaching the figure of EUR 59 billion, the bank increased its target to EUR 200 billion. By December 2021, it had already mobilized EUR 86 billion.

BBVA has the capacity, knowledge and experience to provide its clients superior advice regarding sustainable financing solutions and it is playing a key role in this market. In 2018, the bank took one step further in its objective of supporting its corporate clients in their sustainable financing strategies through an innovative sustainable framework for transaction banking products, pioneering in the industry. This methodology makes it possible to classify its clients transaction banking operations as green, social or sustainable. At the end of 2019, under this same framework, new products were launched (confirming and deposit lines) that include a new angle to certify products linked to sustainability. In 2021, BBVA signed 114 sustainable transaction banking operations totaling EUR 4.97 billion, approximately.

voda 16 maart 2022 06:38

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London Metal Exchange to Resume Nickel Trade

Strategic Research Institute
Published on :
16 Mar, 2022, 4:45 am

The London Metal Exchange plans to resume trading in nickel, a week after it was suspended when the price of the metal surged to over USD 100,000 a tonne on 7 March 2022. Trading will resume at 8 AM London time on 16 March 2022.

That follows an announcement by Chinese stainless steel maker Tsingshan Holding Group, which was reportedly was caught short while struggling to make margin calls that it has struck a deal with a consortium of its creditors on a standstill arrangement. It said the banks agreed not to make margin calls or close out their positions against Tsingshan while the company is resolving its nickel margin and settlement requirements. As an integral feature of the agreement, there is provision for the existing hedge positions to be reduced by the Tsingshan group in a fair and orderly manner as abnormal market conditions subside

Russia supplies the world with about 10% of its nickel needs, mainly for use in stainless steel and electric vehicle batteries. Norilsk Nickel or Nornickel is a Russian nickel and palladium mining and smelting company. Headquartered in Moscow, Norilsk Nickel is the world's largest producer of refined nickel. Its largest operations are located in the Norilsk–Talnakh area near the Yenisei River in the north of Siberia. It also has holdings in Nikel, Zapolyarny and Monchegorsk on the Kola Peninsula, in Harjavalta in western Finland, and in South Africa. As of March 2021, its key shareholders were Vladimir Potanin's Olderfrey Holdings Ltd (34.59%) and Oleg Deripaska's Rusal (27.82%). In 2021, consolidated nickel production decreased 18% YoY to 193 KT, thus accounting for 8% share of global production

Global nickel mine production reached 2,427 KT in 2021, up by 6.8% over 2020 & the top five nickel-producing countries were Indonesia, Philippines, New Caledonia, Russia and Australia. The nickel market was in deficit during January to December 2021 with apparent demand exceeding production by 144.3 KT.

voda 16 maart 2022 06:52

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Nippon Steel's ALPOLIC/fr TCM Panels Used in Yangtze River Center

Strategic Research Institute
Published on :
16 Mar, 2022, 5:04 am

ALPOLIC/fr Titanium Composite Material, a composite panel of titanium, resin and stainless steel of Mitsubishi Chemical Infratec Co Ltd, has been adopted for the roof of the Yangtze River International Conference Center ALPOLIC/fr TCM contains the designing titanium TranTixxii of Nippon Steel Corporation and NSSC220M, a high corrosion resistance ferritic stainless steel sheet of NIPPON STEEL Stainless Steel Corporation. In this particular project, TCM was applied to an area of 47,000 square meters, 71 tonnes of titanium & 130 tonnes of stainless steel). ALPOLIC/fr TCM is a titanium composite panel that contains titanium on its surface. It features titanium's characteristic refined design and excellent corrosion resistance. The composite panel is smoother than pure titanium panels and achieves reduced application weight. ALPOLIC/fr TCM has a fire retardant core, making it suitable for building exteriors and roofs.

While titanium is as strong as steel, the former's specific gravity is less than those of other types of building metal, thus achieving thinner and lighter applications. This helps mitigate the transportation and operational load, reducing the CO2 emissions.

NSSC220M is stable in price since it is a resource saving stainless steel that contains little nickel. In addition, it has higher corrosion resistance than SUS316 (austenitic stainless steel), which is a generic-grade of high corrosion resistance stainless steel. Furthermore, NSSC220M is almost the same as titanium in linear expansion coefficient, meaning that this stainless steel material prevents panel distortion caused by temperature and environmental changes.

The Yangtze River International Conference Center is a landmark of Jiangbei New District, which is an up and coming growing city. While it’s refined design has earned TCM opportunities to be featured in other projects in China, the eco-friendly optimal panel design based on Building Information Modeling proposed by Mitsubishi Chemical Infratec added momentum to the decision to select this product for the latest project. Thanks to their high corrosion resistance, the titanium and stainless steel contained in TCM do not require coating, thus saving maintenance work. Moreover, very few metal ions are eluted from their surfaces, making them recyclable and thus more eco-friendly.

---------------------

Project overview

---------------------

Name: Yangtze River International Conference Center

Basic design: Morphosis Architecture

Detailed design: Beijing Institute of Architectural Design

Construction: China Construction Eighth Engineering Division

Completion and opening: October 2021

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voda 16 maart 2022 06:54

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Global Stainless Crude Steel Production in 2021 up by 11% YoY

Strategic Research Institute
Published on :
16 Mar, 2022, 5:06 am

According to the preliminary report released by the International Stainless Steel Forum, global stainless crude steel production rose by 10.6% YoY to 56.28 million tonnes, even though the growth declined to 13.71 million tonnes in Q4 of 2021, up by ust 1.2% YoY. China accounted for 54% share in total global stainless crude steel production

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Region Wise Production 2021

------------------------------------

Europe – 7.181 million tonne, up 13.6% YoY

USA – 2.368 million tonne, up 10.4% YoY

China – 30.632 million tonne, up 1.6% YoY

Asia w/o China & Korea – 7.792 million tonne, up 21.2% YoY

Others – 8.316 million tonne, up 42.0% YoY

The International Stainless Steel Forum is a not-for-profit research and development organisation which was founded in 1996 and serves as the focal point for the global stainless steel industry. The members of the International Stainless Steel Forum are producers of stainless steel (integrated mills and rerollers) and stainless steel development associations.

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voda 17 maart 2022 06:35

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EU Imposes CVD on Stainless Steel from India & Indonesia

Strategic Research Institute
Published on :
17 Mar, 2022, 5:41 am

The European Union has determined that imports of cold-rolled flat stainless steel products from India and Indonesia benefit from unfair subsidies and imposed tariffs, on top of those already in place to avert dumping. EU imposed anti-subsidy duties on imports of stainless steel cold-rolled flat products originating in Indonesia and also India. With Indonesia at the forefront, the EU is countering the highly trade-distorting export restrictions on key raw materials, linked also to Chinese financing. Additionally, the EU is taking action against preferential financing provided by China to Indonesia, as part of a complex subsidy arrangement designed for exports to the EU. Without this remedial action, the EU's ability to produce stainless steel cold-rolled flat products essential for construction, energy equipment, infrastructure, consumer goods, and vehicles would be in jeopardy. The European Commission, which conducted the investigation, has set the anti-subsidy duties on imports of flat-rolled products of stainless steel at rates of between 4.3-21.4%. The application of the individual countervailing duty rates specified for the companies mentioned shall be conditional upon presentation to the Member States’ customs authorities

---------------------------------------------

Definitive Countervailing Duty India

---------------------------------------------

Jindal Stainless Limited – 4.3%

Jindal Stainless Hisar Limited – 4.3%

Chromeni Steels Private Limited - 7.5%

All other Indian companies – 7.5%

--------------------------------------------------

Definitive Countervailing Duty Indonesia

--------------------------------------------------

PT Jindal Stainless Indonesia - 0%

PT Indonesia Ruipu Nickel and Chrome Alloy – 21.4%

Non-sampled cooperating company – 13.5%

All other Indonesian companies - 20.5%

The rates of the definitive anti-dumping duty applicable to the net, free-at-Union-frontier price, before duty, of the product and produced by the companies listed below shall be as follows

---------------------------------------------

Definitive Anti-Dumping Duty - India

---------------------------------------------

Jindal Stainless Limited - 10.0%

Jindal Stainless Hisar Limited -10.0%

Chromeni Steels Private Limited – 35.3%

All other Indian companies - 35.3%

---------------------------------------------------

Definitive Anti-Dumping Duty - Indonesia

---------------------------------------------------

PT Indonesia Ruipu Nickel and Chrome Alloy - 9.3%

PT Jindal Stainless Indonesia - 20.2%

All other Indonesian companies - 19.3%

Product - Flat-rolled products of stainless steel, not further worked than cold-rolled (cold-reduced), currently falling under CN codes 7219 31 00, 7219 32 10, 7219 32 90, 7219 33 10, 7219 33 90, 7219 34 10, 7219 34 90, 7219 35 10, 7219 35 90, 7219 90 20, 7219 90 80, 7220 20 21, 7220 20 29, 7220 20 41, 7220 20 49, 7220 20 81, 7220 20 89, 7220 90 20 and 7220 90 80 and originating in India and Indonesia.

voda 29 maart 2022 07:13

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Vale to Supply Nickel to Northvolt for Batteries

Strategic Research Institute
Published on :
29 Mar, 2022, 6:30 am

Vale announced that Vale Canada and lithium-ion battery producer Northvolt AB announced a multi-year agreement for Vale to supply low-carbon nickel products to Northvolt, reinforcing the companies’ shared commitment to sustainability in the electric vehicle supply chain and electrification of the broader mining industry.

The agreement reaffirms Vale’s position as a supplier of choice to the fast-growing electric vehicle industry and aligns with Northvolt’s imperative to minimize carbon emissions and other environmental impacts in the battery value chain.

Vale is a leading global producer of low-carbon and high purity nickel products. Rounds from the company’s Long Harbour refinery in Newfoundland and Labrador, Canada, have a verified carbon footprint of 4.4 tonnes CO2 equivalent per tonne of nickel – about one-third the Nickel Institute average for Class 1 nickel.

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voda 6 april 2022 06:49

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US DOC Extends AD Duty on Stainless Steel Plate in Coils Imports

Strategic Research Institute
Published on :
06 Apr, 2022, 6:05 am

The US Department of Commerce has announced the final results of the sunset reviews of the antidumping duty orders on stainless steel plate in coils from Belgium, South Africa and Taiwan. As a result of these expedited sunset reviews, the Department of Commerce finds that revocation of the antidumping duty orders on stainless steel plate in coils from Belgium, South Africa, and Taiwan would be likely to lead to continuation or recurrence of dumping. The final dumping rates are at 8.54 percent for Belgium, 41.63 percent for South Africa and 10.20 percent for Taiwan.

The antidumping duties for the countries are applicable from April 4.

voda 14 april 2022 07:15

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Steel Ministry Unveils Stainless Steel Vision Document 2047

Strategic Research Institute
Published on :
14 Apr, 2022, 6:18 am

India’s Steel Ministy’s Additional Secretary Ms Rasika Chaube launched Stainless Steel Vision Document 2047 at Global Stainless-Steel Expo 2022 in Mumbai. According to the Vision Document 2047, stainless steel demand in India is expected to witness a volume growth of 19.5-21% to reach 3.7-3.9 million tonne by fiscal 2022 supported by a low base, a stable macroeconomic environment and normalised government spending.. The report said that it expects stainless demand to register a compound annual growth rate of 6.6-7.5% over fiscals 2022-2025 and reach 4.6-4.8 million tonne.. Thus, the consumption is expected to reach 12.5-12.7 million tonne & 19-20 million tonne by fiscal years 2040 and 2047 respectively.

As per document, as of March 2022, India's installed stainless steel capacity is at 6.6-6.8 million tonne. The capacity utilisation is estimated to have improved from 50% in 2021 fiscal year to 58-60% in 2022

The report further said India needs to develop enough capacities while improving the utilisation to meet the estimated demand.

voda 15 april 2022 09:44

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Jindal Stainless Reportss 23% Increase in Sales in 2021-22

Strategic Research Institute
Published on :
15 Apr, 2022, 6:29 am

Indian stainless steel giant Jindal Stainless Limited’s has announced that its total sales volume for FY 2021-22 stood at 1,011,292 tonnes, up by 23% as compared to FY 2020-21. The sales volume was backed by JSL’s agile supply chain and a flexible product mix with a focus on value added product segments. Despite volatility and global disruptions in raw material supply and logistics, JSL effectively upped its exports.

During Q4 of FY 2021-22, Company’s sales volume stood at 269,168 tonnes, registering an uptick of 9% on QoQ and 6% on YoY basis. Company’s exports sales proportion doubled to 32% of sales volumes in Q4 of FY 2021-22 as compared to 16% Q4 of FY 2020-21. The domestic market continued to be marred by cheap stainless steel imports from China and Indonesia in Q4FY22. Domestic demand increased in segments like lifts and elevators and railways. However, demand in consumer facing segments like hollowware and pipe and tubes remained muted due to channel de-stocking, owing to increase in raw material prices.

Vertraagd	7 feb 2025 17:35
Koers	29,020
Verschil	+0,700 (+2,47%)
Hoog	29,340
Laag	27,920
Volume	478.226
Volume gemiddeld	183.656
Volume gisteren	444.556

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