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Odisha Approves 3 Steel Sector Investment Proposals

Odisha government’s High Level Clearance Authorityhas approved 3investment steel industry proposals. It approved Rungta Mines Limited expansion of its Integrated Steel Plant project from 0.9 MTPA to 2.85 MTPA capacity, with captive power plant of 385 MW and 1.69 MTPA Cement Plant (in two phases) at Jharbandh in Dhenkanal district with a total investment of INR 7836.90 crore. The other proposal approved was of Kashvi International (P) Limited to set up an additional 1.2 MTPA Iron Ore beneficiation Plant to its 0.6 MTPA Iron Ore Pelletization Plant, with an investment of Rs 55.23 crore.

Purosteel India Pvt Ltd will set up a manufacturing unit of tubes and pipes PVD coating, furniture fabrication, finished sheets and profiles, trimes plant with an investment of Rs 53.42 crore and will provide employment opportunities for 200 people.

Source : Strategic Research Institute
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Nippon Steel and Cambridge Quantum Computing Start a Collaboration

Cambridge Quantum Computing announced that it will be working with Nippon Steel Corporation on two innovative and ground breaking projects that will provide essential tools to be used towards the utilization of quantum computing in the areas of material science and mathematical optimization. The ventures will provide essential tools to be used towards the utilisation of quantum computing in the areas of material science and mathematical optimisation.

Established in 2014, Cambridge Quantum Computing is a world leading independent quantum computing software company, with operations in US, Europe & Japan. CQC combines expertise in quantum software, specifically a quantum development platform, enterprise applications in the area of quantum.

Source : Strategic Research Institute
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Tenova’s Businesses and Governance Reorganization

Tenova announced the decision to reorganize its business and to review the governance structure accordingly. The changes are intended to steady Tenova around the two businesses in which the company operates metals and mining so as to better focus on each’s specific priorities, market approach and global presence. In the context of this reorganization, the role of Tenova CEO has been assigned to Roberto Pancaldi, previously CEO of the Metals Division, while Andrea Lovato, the former Tenova CEO, will assume the role of TAKRAF CEO. Tenova and TAKRAF are indeed two strong brands that will continue to be a leader in their respective markets.

This change will leave more autonomy to the respective CEOs in developing their businesses and in building their long-term sustainability while they concentrate on short-term consolidation and continuity. “I am sure that this reorganization will help us to better focus our strategy and result in our steel and metals market offering being more solid” – affirmed Roberto Pancaldi.

Source : Strategic Research Institute
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Severstal Supports Construction of Pre-Fabricated Hospital in New Moscow

Severstal Distribution JSC supplied metal products and hardware for the production of systems for laying engineering communications of the infectious diseases hospital, which was erected within a month in the Troitsk administrative district of Moscow. Systems of sheet trays and accessories S5 Combitech and wire trays F5 Combitech were manufactured by a client of Severstal Distribution JSC, a company of JSC DK”.

The construction of the capital pre-fabricated medical complex in the settlement of Voronovsky, located in the Trinity administrative district of Moscow, began on March 12, 2020. It took a month to erect an autonomous hospital with an infection profile of 500 beds, aimed at preventing the spread of coronavirus. The life of the new hospital will be about 20-30 years.

Source : Strategic Research Institute
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Steel Production Capacity Utilization Rate in US Stays at 57% in Week 16

AISI reported that in the week ending on April 18, 2020, domestic raw steel production was 1,277,000 net tons while the capability utilization rate was 57.0 percent. Production was 1,892,000 net tons in the week ending April 18, 2019 while the capability utilization then was 81.3 percent. The current week production represents a 32.5 percent decrease from the same period in the previous year. Production for the week ending April 18, 2020 is up 1.7 percent from the previous week ending April 11, 2020 when production was 1,256,000 net tons and the rate of capability utilization was 56.1 percent.

Adjusted year-to-date production through April 18, 2020 was 27,600,000 net tons, at a capability utilization rate of 76.6 percent. That is down 6.6 percent from the 29,557,000 net tons during the same period last year, when the capability utilization rate was 81.5 percent.

Broken down by districts, here's production for the week ending April 18, 2020 in thousands of net tons: North East: 116; Great Lakes: 443; Midwest: 124; Southern: 539 and Western: 55 for a total of 1277.

Source : Strategic Research Institute
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GMS Market Commentary on Shipbreaking in Week 16 - Lockdown Blues

Lockdown restrictions continue across the subcontinent markets for yet another week, as the world battles to bring the Coronavirus crisis under control. India has extended its period of quarantine until May 3rd at least, whilst Bangladesh is now in lockdown until April 25th. But if the spread and death rates continue to rise in both countries, it would not be surprising at all to see these dates pushed back further once again. Pakistan has tentatively set a date of April 21“ for reopening, but these measures will have to be carefully reviewed next week before any announcement can be made official. In the interim, a backlog of vessels continues to idle outside all subcontinent locations, with contracts and cancelling dates being frustrated by this unprecedented crisis. There is nothing either party can do when such an unforeseen global pandemic as this arises, so it is a question of how both parties can work together, in order to resolve and avoid unpleasant legal disputes.

Unfortunately, prices seem to have come off significantly since the last pre-pandemic fixtures, although the true extent of the falls may not be fully known until all locations (including Turkey) open up again and End Buyers get back to the bidding tables.

News has also been circulating that subcontinent banks are turning reluctant to sanction new L/Cs as the global economic situation inevitably turns bleaker. It is therefore likely to become even more difficult to get the largest vessels on offer, delivered and performed smoothly under the present climate.

Source : Strategic Research Institute
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ArcelorMittal Extra Energy idles Coal Mine in Tazewell County

ArcelorMittal Extra Energy in Tazewell County idled Friday due to the market conditions because of COVID-19 and 51 miners were furloughed. Company officials are not sure when the mine will reopen.

The Virginia Department of Mines, Minerals and Energy reported that several other mines in the area closed earlier this month including Coronado’s Buchanan Mine, Contura Energy mines in Dickenson County and Patriot Mining in Wise County.

Source : Strategic Research Institute
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ArcelorMittal Indiana Harbor Announces Pandemic-Related Furloughs

ArcelorMittal USA said it is placing 200 employees at its Indiana Harbor mill in East Chicago on temporary, unpaid furloughs. ArcelorMittal in a letter dated April 18, 2020 to Indiana Department of Workforce Development informed that “ArcelorMittal USA is placing employees who work at ArcelorMittal Indiana Harbor, 3210 Watling Street, East Chicago, Indiana 46312 on temporary, unpaid furloughs. Many of the Company's customers have unexpectedly and temporarily closed their plants due to the COVID-19 pandemic. The temporary closure of these customers has a direct impact on our business and requires us to place employees on temporary, unpaid furlough. There are 200 employees currently affected at this employment site. The first furlough at this site will occur on April 12, 2020.”

The letter said “At this time, the Company expects these furloughs to last less than six months. Whether or not this action triggers the requirements of the Worker Adjustment and Retraining Notification Act, we thought it appropriate to provide you with this notice. We are taking these employment actions because of COVID-19-related business circumstances that were not reasonably foreseeable. We would like to have given more notice of this action, but were unable to do so because of how quickly our operations were affected by the automotive closures, the COVID-19 pandemic, the World Health Organization's pandemic declaration on March 11th, the President's declaration of a national emergency on March 13th, and other related announcements and actions. We also have given or are giving appropriate notice to the affected employees and unions.”

Source : Strategic Research Institute
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Nippon Steel Adjusts Blast Furnace Operation as Steel Demand Weakens

Nippon Steel Corporation has been lowering the tapping ratio of blast furnaces, extending the time between blasting, and taking other measures to reduce overall steel output volume. Nippon Steel said “Responding to the immediate sharp drop in demand for steel products, however, we have decided that banking of the No 2 blast furnace at the East Nippon Works’ Kimitsu area will be carried out from the middle of May 2020, as soon as preparations are completed. Concerning coke ovens, in accordance with the reduction in blast furnace tapping volume, we will adjust or suspend production of some of coke ovens at the East Nippon Works’ Kimitsu area in addition to a substantial reduction of their operating rates, which has already been executed. We intend to continue responding to changes in steel demand in Japan and overseas and carrying out prompt and effective production adjustment.”

BF Banking-in Date
Setouchi Works’ Kure area No 2 blast furnace - Feb 15, 2020
East Nippon Works’ Kashima area No 1 blast furnace - Apr 15, 2020
Kansai Works’ Wakayama area No 1 blast furnace -Late April 2020, as soon as preparations are completed

Banking is to take measures to temporarily stop blast furnace production but make it possible to restart production at a later date by stopping the air blast flow.

Source : Strategic Research Institute
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EU Reviewing Steel Imports Quotas

Reuters reported that EU Trade Commissioner Phil Hogan said that coronavirus crisis could lead to massive stockpiling of steel that could then flood the European Union when demand returns, and this is something the bloc would seek to guard against. Mr Hogan said that “The adjustment for this year would take place by July 1 as planned. We are looking at the review of the steel safeguards in this context. Certain third country exporters may well decide to sell their product at below cost or at all cost or at any cost, with a view to gaining larger stakes in a smaller EU market.”

The EU put in place safeguards in 2018 to control incoming steel to protect European manufacturers after Washington’s imposition of 25% steel tariffs closed the U. market to many exporters. Quotas for 26 grades of steel, including stainless, were set at the average of imports in 2015-2017 plus 5%, with a 3% hike last year. Imports beyond the quotas are subject to a 25% duty. Initially, the Commission had envisaged a further 5% increase in the quotas, albeit subject to a review.

Source : Reuters
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RINL Shuts Down One More Blast Furnaces

Economic Times, citing a source, reported that Rashtriya Ispat Nigam Limited has shut down two blast furnaces at its Visakhapatnam plant, as a result of which the daily production level has come down to 6,000 tonnes. Source said “After shutting down the first blast furnace last month, the company has shut down the second blast furnaces also last week reducing its production further to 6,000 tonnes.”

There is a lack of demand in the market and given the scenario its is imperative to scale down the production, the source said. RINL, which has an installed capacity of over 7.5 million tonnes per annum, produced about 18,000 tonnes of hot metal on a daily basis. There are three blast furnaces of 2.5 MTPA each at the plant.

Source : Economic Times
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CSC Cuts June Sales Prices by USD 30

Taiwanese steel giant China Steel Corp announced that it would slash steel prices for June deliveries after earlier cutting prices for May, as the COVID-19 pandemic continued to weigh on market demand. CSC said “The company is to cut June prices by NTD 900 (USD 30) per tonne for hot-rolled steel plates and hot-rolled steel coils, as well as hot-rolled and cold-rolled steel pipes. Prices for electro-galvanized sheets and hot-dipped galvanized steel coils would be reduced by NTD 600 per tonne.”

The price adjustments, averaging 1.68 percent, represent the company’s largest cuts so far this year.

Source : Strategic Research Institute
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Hibbing Taconite to idle Operations on May 3

ArcelorMittal, Cleveland-Cliffs and US Steel JV Hibbing Taconite will idle its operations on May 3, with plans to resume in early July. ArcelorMittal spokesperson said “About 650 workers will be laid off as a result of the outage and is working with the United Steelworkers on a layoff minimization plan. As a result, Hibbing Taconite has begun preparations to reduce production in a safe and orderly manner with necessary precaution to preserve the asset for future production.”

Local 2705 president Chris Johnson said, "Everybody kind of expected this. But the shock is still there. When you're actually in it now, you can prepare and prepare, but now it's real."

HibTac is the third mine to announce it will idle, joining US Steel's Keewatin Taconite and Cleveland-Cliffs' Northshore Mining, citing unprecedented and challenging times president by the COVID-19 pandemic.

Source : Strategic Research Institute
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Godawari Power and Ispat Resumes Operations at Iron Ore Pellet Plant

Godawari Power and Ispat Ltd partial had earlier announced the resumption of operations in 0.6 million ton pellet plant in Raipur and 0.69 million tonn epellet plant of subsidiary company Ardent Steel Ltd. The company restartedmanufacturing activities in its 1.5 million tonnes per annum Iron Ore Pellet Plant and resume partial operation of its Power generation capacities situated at Siltara Industrial Area in Raipur from 21 April. It said “With this the entire Pellet manufacturing capacity of 2.10 million tonnes per annum at Raipur and Ari Dongri Iron Ore mines of the Company in addition to 0.69 million tonnes per annum pellet plant of subsidiary Ardent Steels Limited has resumed looking at pellet demand in overseas market. The Company has taken necessary permission from local authorities and has also taken all necessary steps for safeguarding employees of the Company.”

The mining operations of our Boria Tibu Iron Ore Mines and manufacturing activities in Sponge iron & Finished Steel divisions along-with associated captive power generation capacity shall resume operations depending upon evolving situations from demand side.

Source : Strategic Research Institute
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MMK-Lysvensky Metallurgical Plant Shifts to Cyclic Loading

Magnitogorsk Iron & Steel Works announced that MMK-Lysvensky Metallurgical Plant shifts to cyclic loading mode with positive outlook for the rest of 2020. MMK-LMP announced that in the current absence of guaranteed demand for the company's key metal products, its management has decided to switch to a cyclic loading mode. While continuing production and shipment of orders placed by key clients, the company plans to carry out unscheduled preventive maintenance during the production breaks.

In accordance with MMK-LMP's forecast, based on a conservative stress test, the company will demonstrate positive EBITDA and positive cash flow in 2020.

MMK-LMP is one of the oldest enterprises in the Urals. MMK-LMP is the only manufacturer of electrolytically galvanised steel and products with protective polymer coatings on its basis in Russia. Cold-rolled products and materials of the highest quality from leading manufacturers are used for the production of metal products at MMK-LMP. MMK-LMP's laboratory carries out multi-stage control with subsequent certification of the finished metal products.

Source : Strategic Research Institute
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Steel Dynamics Reports First Quarter 2020 Results

Steel Dynamics Inc announced first quarter 2020 financial results. The company reported first quarter 2020 net sales of USD 2.6 billion and net income of USD 187 million. Comparatively, prior year first quarter net sales were USD 2.8 billion, with net income of USD 204 million. Steel Dynamics President and Chief Executive Officer Mark D Millett said "The team delivered a strong first quarter 2020 performance in a challenging operating and market environment. Solid underlying steel demand during the first quarter combined with our value-added product capabilities, allowed us to achieve record quarterly steel shipments.”

He said "It is still too early to determine the full scope of the negative impact COVID-19 will cause to global economies and the related impact to domestic steel demand. At this time, domestic steel orders related to certain sectors have slowed considerably due to the temporary closures of numerous steel consuming businesses. In particular, the temporary closure of domestic automotive production and its related supply chain, as well as weakness in the energy sector, have reduced flat roll steel demand. Conversely, construction is the largest single domestic steel consuming sector and while some projects have been disrupted or postponed, at this time the sector still remains intact. Our steel order activity from construction customers, as well as our strong steel fabrication order backlog supports this sentiment. When states begin to re-open across our Nation, we believe steel demand will likely respond quickly based on current customer buying patterns and already low steel inventories throughout the supply chain.”

Source : Strategic Research Institute
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Primetals Technologies to Supply 6 Stand Hyper UC Mill for Electrical Steel to Shougang Qian’an

In late January, Primetals Technologies received the order to supply a 6-stand tandem cold mill for a new plant of Shougang Qian’an Electric Vehicle Electrical Steel Co Ltd in Qian’an City in Hebei Province in China. The TCM is designed as a Hyper Universal Crown Control Mill. Hyper UC-mills employ smaller diameter work rolls, thus reducing rolling loads. This allows for the production of harder and thinner materials with improved product quality. All six stands of the Hyper UC-mill are equipped with a work roll shift function, marking its first application to this mill type, to enable precise edge profile control of high-grade electrical steels. In addition, the mill concept saves investment and maintenance costs. The mill will enable Shougang Qian’an to meet the growing demand for electrical steels spurred by increasing requirements for end uses in e.g. vehicle electrification and AHSS-grades. Start-up is expected for mid-2022.

Primetals Technologies is responsible for engineering and supply of the mill as well as for supervision of erection and commissioning. The mill type is a well-suited solution to cold-roll such harder and thinner materials with high quality and high productivity by utilizing smaller work rolls driven by a work roll drive system. It will produce electrical steel grades, AHSS grades, tin grades etc. in thickness between 0.18 and 2.5 mm with widths ranging from 750 to 1,320 mm.

The Hyper UC-mill was recently developed by Primetals Technologies to achieve high performances of strip gauge and flatness control for High Strength Steel rolling. This technology is also applicable for rolling high grades of non grain-oriented silicon steel and thin products. The technology is based on an optimized roll diameter combination (work, intermediate, and back-up rolls) to employ smaller diameter work rolls for achieving the maximum reduction ratio, and a work roll driven system to achieve high flatness controllability.

Shougang Qian’an is part of the Shougang Group Co Ltd. In 2018, the group produced 27.4 million metric tons of steel. Previous projects with this customer included the supply of four 20hi-HZ-mills for the production of high permeability grain-oriented and a PL-TCM for the production of non grain-oriented steel grades.

Source : Strategic Research Institute
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MMK Group Allocates RUB 13 billion for Environmental Programs in 2020

Magnitogorsk Iron and Steel Works has approved environmental goals for 2020 and the MMK Group's environmental programme, which will cost RUB 13.3 billion this year. RUB 12.95 billion of this amount will be allocated by the parent company. Company’s key objectives in the field of environmental protection for 2020

Reduce the air quality index reading in Magnitogorsk by 6%;

Reduce overall emissions of air pollutants by 3%

Reduce dust emissions in production lines at the sintering plant, in coke and chemical production, at the blast furnace and at the steelmaking and oxygen converter plants by 17% per one tonne of steel;

Recycle 10.285 million tonnes of current and waste metallurgical slags and use 1.8 million tonnes of waste as secondary material resources in sintering production;

Perform the technical stage of the 3rd stage of recultivation of disturbed lands at the West pit of Magnitogorsk Mountain (with an area of 9 hectares) and the biological reclamation phase of the Western quarry (with an area of 5.6 hectares).

To achieve this goal, MMK Group has adopted an environmental programme for 2020 worth more than RUB 13 billion. The most significant part of environmental investments, more than RUB 6 billion, will be spent on the construction of environmental protection structures at new production facilities, primarily in coking production. In particular, environmental protection facilities at the coke oven battery complex No.12 are under construction, as well as facilities being built as part of the reconstruction of the chemical products capture and processing plant.

MMK's environmental programme for 2020 includes 48 measures to reduce emissions of pollutants. This area is traditionally one of the priorities in the environmental activities of the plant. This year, measures to protect air quality will affect all metallurgical processing plants, as well as divisions within the main energy department and the logistics department. The key activities in this area are the construction of an aspiration system for the foundry yard of the blast furnace No. 2, the reconstruction of gas cleaning and exhaust paths of steel furnaces in the electric steelmaking shop, and the implementation of a programme to reduce dust and gas emissions at the coke shop. In total, over RUB 3.7 billion will be spent on measures to reduce harmful emissions in 2020. The implementation of these measures will allow MMK to achieve targets for reducing emissions, ensure compliance with environmental regulations and improve the efficiency and reliability of gas treatment plant equipment.

In 2020, MMK will allocate over RUB 2.4 billion to implement 20 measures to reduce the discharge of pollutants into water bodies, the largest of which is the reconstruction of the mechanical and biochemical wastewater treatment plant at the chemical products capture and processing plant.

Source : Strategic Research Institute
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Texas A&M Develop Method for 3D Printing Hard Steels Flawlessly

For millennia, metallurgists have been meticulously tweaking the ingredients of steel to enhance its properties. As a result, several variants of steel exist today; but one type, called martensitic steel, stands out from its steel cousins as stronger and more cost-effective to produce. Martensitic steels naturally lend themselves to applications in the aerospace, automotive and defense industries, among others, where high-strength, lightweight parts need to be manufactured without boosting the cost. However, for these and other applications, the metals have to be built into complex structures with minimal loss of strength and durability. Researchers from Texas A&M University, in collaboration with scientists in the Air Force Research Laboratory, have now developed guidelines that allow 3D printing of martensitic steels into very sturdy, defect-free objects of nearly any shape.

Although the procedure developed was initially for martensitic steels, researchers from the Texas A&M said they have made their guidelines general enough so that the same 3D-printing pipeline can be used to build intricate objects from other metals and alloys as well. The findings of the study were reported in the December issue of the journal Acta Materialia.

Steels are made of iron and a small quantity of other elements, including carbon. Martensite steels are formed when steels are heated to extremely high temperatures and then rapidly cooled. The sudden cooling unnaturally confines carbon atoms within iron crystals, giving martensitic steel its signature strength.

To have diverse applications, martensitic steels, particularly a type called low-alloy martensitic steels, need to be assembled into objects of different shapes and sizes depending on a particular application. That’s when additive manufacturing, more commonly known as 3D printing, provides a practical solution. Using this technology, complex items can be built layer by layer by heating and melting a single layer of metal powder along a pattern with a sharp laser beam. Each of these layers joined and stacked creates the final 3D-printed object.

However, 3D printing martensitic steels using lasers can introduce unintended defects in the form of pores within the material.

For their experiments, Karaman and the Texas A&M team first chose an existing mathematical model inspired from welding to predict how a single layer of martensitic steel powder would melt for different settings for laser speed and power. By comparing the type and number of defects they observed in a single track of melted powder with the model’s predictions, they were able to change their existing framework slightly so that subsequent predictions improved.

After a few such iterations, their framework could correctly forecast, without needing additional experiments, if a new, untested set of laser settings would lead to defects in the martensitic steel. The researchers said this procedure is more time-efficient.

Other contributors to the research include Austin Whitt and Raymundo Arróyave from the Department of Materials Science and Engineering; David Shoukr, Bing Zhang and Alaa Elwany from the Department of Industrial and Systems Engineering; and Sean Gibbons and Philip Flater from the Air Force Research Laboratory, Florida.

This research is funded by the Army Research Office and the Air Force Research Laboratory.

Source : Strategic Research Institute
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Mondiale staalproductie krimpt

(ABM FN-Dow Jones) De mondiale staalproductie is in maart gekrompen. Dit bleek woensdag uit cijfers van brancheorganisatie World Steel Association.

In totaal maakten de 64 staalproducerende landen in de afgelopen maand 147,1 miljoen ton staal, een daling van 6 procent op jaarbasis. De twee voorgaande maanden steeg de productie nog met ruim 2 procent.

In China, wereldwijd met afstand de grootste fabrikant van staal, daalde de productie in maart met 1,7 procent tot 79 miljoen ton. De Indiase productie liep met bijna 14 procent terug en de Japanse productie daalde bijna 10 procent.

De Verenigde Staten produceerden 6,0 procent minder staal in maart dan een jaar eerder. In totaal ging het om 7,2 miljoen ton.

In Duistland daalde de productie bijna 21 procent, in Frankrijk met ruim 13 procent en in Italië met meer dan 40 procent.

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

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