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voda 12 augustus 2021 08:19

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Explosion Reported at Blast Furnace of Companhia Siderúrgia Pecém

O Povo reported that Brazilian slab producer Companhia Siderúrgia do Pecém said that on 10 August 10 at around 5 PM an occurrence was recorded at the blast furnace plant. A reaction caused by the presence of water in pig iron disposal reservoir generated a strong noise, accompanied by loud, dark smoke. There were no casualties and nobody was injured during the incident. CSP said it is yet to calculate the losses the fire caused, however the company did not halt production. Steel shipments were also unaffected

The cause of the incident is being investigated.

Companhia Siderúrgica do Pecém is owned by Vale, Posco & Dongkuk Steel

Source - Strategic Research Institute

voda 12 augustus 2021 08:20

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Mechel ChMK Celebrates 300 Million Tonne of Steel

Russian steel maker Mechel’s Chelyabinsk Metallurgical Plant has smelted the jubilee 300 millionth ton of steel since the plant was opened in 1943. The jubilee ton was smelted at converter # 1 of the oxygen-converter shop. The first steel smelting at the Chelyabinsk Metallurgical Plant took place 78 years ago. The first steel was tool steel and was used to make tools, from hammers to shovels. After that, Chelyabinsk metallurgists mastered steel grades for the defense industry. The metal was used to create engines for tanks and combat aircraft. During the war years, over 150 thousand tons of steel were produced.

This steelmaking unit was completely renovated in 2020 and is equipped with a three-stage gas cleaning system, which made the steel production process more environmentally friendly. The enterprise produces over 3 million tons of steel annually. ChMK produces rolled sections and sheets from carbon, structural, tool and corrosion-resistant steel grades, as well as structural shapes and rails. The plant's products are in demand in various industries. These are nuclear energy, heavy, chemical, energy, automotive and agricultural engineering, bearing and pipe rolling plants, construction, medical equipment.

Source - Strategic Research Institute

voda 12 augustus 2021 08:21

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Hoa Phat Report 600KT Steel Sales in July 2021

Steel output of Vietnamese Hoa Phat Group in July 2021 reached 700,000 tonnes, increasing 70 per cent from the same period last year. Its steel sales in the period were 600,000 tonnes. Of which, construction steel sale was up 58 per cent from the previous months and 21 per cent from the same period last year to 363,000 tonnes. That of hot rolled coil steel was 160,000 tonnes and the remaining was steel pipe and galvanized steel. Although many localities have implemented social distancing, Hòa Phát’s construction steel still achieved a positive output. Key public investment projects such as roads, bridges, hospitals, and airports continued to be constructed. Its steel sales posted 50 per cent and 21 per cent year-on-year increases in the North and the Central regions respectively.

In the first seven months of the year, the group produced nearly 4.8 million tonnes of crude steel, up 58 per cent over the corresponding period in 2020. Sales volume of steel products reached 4.9 million tonnes, representing 64 per cent year-on-year hike. In which, construction steel was 2.2 million tonnes, up 22 per cent, hot rolled coil reached nearly 1.5 million tonnes. For HRC downstream products, Hòa Phát Steel Pipe Company has sold 419,000 tonnes, equivalent to the same period last year. Its galvanized steel products recorded the best growth, reaching 188,000 tonnes, 2.7 times higher than in the same period last year.

Source - Strategic Research Institute

voda 12 augustus 2021 08:21

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Stelco Holdings Reports Surge in Earnings in Q2 of 2021

Hamilton based Canadian steel maker Stelco Holdings Inc has reported a significant jump in earnings in the second quarter as it benefitted from higher steel prices and shipping volumes. Its earnings for the second quarter came in at CAD 363 million, up from nil earnings in the same quarter last year. Adjusted net income for the quarter ending June 30 was CAD 380 million, up from earnings of CAD 10 million. Revenue came in at CAD 918 million, up from CAD 411 million for the same quarter last year.

Average selling price for steel was up 85 per cent compared with last year, and up 35 per cent from the first quarter.

Source - Strategic Research Institute

voda 12 augustus 2021 08:25

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NLMK Supplies Abrasion Resistant Steel for Dump Trucks

Russian steel maker NLMK has supplied abrasion-resistant Quard 450 steel produced at NLMK Clabecq to Becema Machine Building Plant. NLMK steel will be used in Becema’s joint project with Mercedes-Benz to release a series of BECEMA FORMAT dump trucks on Mercedes-Benz Arocs 8x8 chassis frames. These frames are in line with the Euro 5 emission standard that regulates the content of hazardous substances in exhaust fumes.

Becema will use NLMK steel to produce truck bodies with molded edges and a double floor for the transportation of inert aggregates (sand, gravel, crushed stone). With an optimal ratio of strength and impact toughness, Quard 450 steel will ensure high resistance to abrasion and impact loads.

Quard steel is used in harsh conditions and is recommended for construction and mining equipment (excavators, dump trucks, bulldozers, hoppers, mixers, etc.), among other applications. The unique wear-resistant properties of this grade more than triple the durability of individual special-purpose equipment components.

Source - Strategic Research Institute

voda 12 augustus 2021 08:25

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OMK Opens Steel Warehouse in Penza in Western Russia

Russian steel pipe maker United Metallurgical Company OMK has opened a new warehouse for the sale of pipes and rolled metal products in Penza. Thus, the regional distribution network of OMK Market already includes 11 subdivisions throughout Russia with a total volume of over 50 thousand tons of metal products. The new warehouse contains shaped, electric-welded and water-gas pipes, hot-rolled sheet products produced at OMK factories in the Nizhny Novgorod Region and the Republic of Tatarstan, as well as sheet and shaped metal products from third-party suppliers. The maximum storage capacity in Penza is six thousand tons of products, more than 800 tons of pipes and sheet metal are already ready for prompt shipment. The existing crane equipment allows without additional efforts to carry out loading and unloading operations in the shortest possible time.

The new distribution point is designed for clients from Penza and the Penza region, the Republic of Mordovia, Tambov, Saratov and Ulyanovsk regions. Customers can receive complex deliveries of metal products in a short time, as well as build efficient logistics. The warehouse is located in close proximity to the exit to the M-5 Ural highway, next to a convenient traffic intersection.

OMK Market is the United Metallurgical Company's own distribution network for small and medium-sized consumers of the Russian regional market. The company has 11 warehouses: in the Moscow region, in Nizhny Novgorod, Kazan, Samara, Ufa, Yekaterinburg, Voronezh, Naberezhnye Chelny, Almetyevsk and Penza. A warehouse in Perm will appear in the near future.

Source - Strategic Research Institute

voda 12 augustus 2021 08:26

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Salzgitter Continues in Upward Trajectory in Q2 of 2021

In the first half of 2021, the Salzgitter Group generated the highest pre-tax result since the exceptional financial years 2007 and 2008. The drivers of this result consisted of the dynamic uptrend in rolled steel prices over the course of the first six months, coupled with a sustained recovery in the market that had a particularly positive impact on the performance of the Strip Steel and Trading business units. The contribution from the participating investment in Aurubis AG was once again very gratifying. The Salzgitter Group’s external sales rose to EUR 4,435.5 million in the first six months of the financial year 2021, significantly outperforming the year-earlier period that was determined by the COVID-19 pandemic (H1 2020: EUR 3,631.0 million). An after-tax result that stood at EUR 230.6 million (H1 2020: EUR – 144.7 million)

Salzgitter CEO Mr Gunnar Groebler said “The Salzgitter Group recorded its best half-year result for more than a decade. This pleasing result is not only evidence of our performance capabilities, but also gives us tailwind for the tasks to be addressed. In the past three months, I have visited many Group companies in all the business units and engaged in intensive discussion with the colleagues there. The potential of the Salzgitter Group is impressive. We have initiated an internal process to follow on after the successful “Salzgitter AG 2021” corporate strategy and to set the course for the coming years. We will take the time we need for devising the new corporate strategy and expect to present it in the spring of 2022. Key components of the strategy will include the topics of sustainability and decarbonization in particular. The swift realization of our SALCOS® (SAlzgitter Low CO2 Steelmaking) concept for low CO2 steel production remains a decisive factor. Our ambition is to be able to start hydrogen-based steel production by the end of 2025. This is the course we will take to gradually reducing CO2 emissions by 30 % in the period up to 2030, and to lowering our CO2 footprint by more than 95 % by 2050 at the latest, thereby eliminating around 1 % of Germany’s current emissions. As is the case with the entire sector, we are on the threshold of a fundamental and far-reaching transformation and I believe that we are well-equipped to successfully master this sea change. I’m greatly looking forward to tackling the tasks and challenges that lie ahead together with the entire management team.”

Outlook - Provided that the market continues its stable development in the second half of the year despite the latent coronavirus crisis, we affirm our forecast for the financial 2021 that was revised upward in June and anticipate the following for the Salzgitter-Group:

An increase in sales to more than EUR 9 billion

A pre-tax profit of between EUR 400-600 million

Source - Strategic Research Institute

voda 12 augustus 2021 08:28

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Ezz Steel Swings to Profit in H1 of 2021

Egyptian steel producer Ezz Steel swung to a first-half net profit following a sharp climb in revenue amid boost from rising exports and steel prices. For the six months ending 30 June 2021 pre-tax profit of EGP 2,397 million compared with a net loss of EGP 2,928 million as revenue climbed to EGP 30,417 million from EGP 17,826 million.

Exports jumps to USD 587 million from USD 156 million as global consumption of steel increased 14% to 1,004 million.

The 23% increase in Ezz Steel's HRC average selling price per ton from USD 758 in Q1 2021 to USD 931 in Q2 2021 was driven by the ability of manufacturers to reflect 'raw materials price increases on product prices -which was restored in Q4 2020- continued, reflecting the positive impact from COVID vaccination rollout and its accompanying economic recovery.

Source - Strategic Research Institute

voda 12 augustus 2021 08:29

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Vietnamese Contractors Struggle due to Higher Steel Prices

VNA reported that although steel rebar prices have dropped, they are still at high rates, up 1.7 times compared to the end of 2020, causing construction contractors to suffer. The Vietnam Association of Construction Contractors emphasised that all construction contractors faced difficulties, there is no way to solve them as the majority of private contractors used fixed price contracts, so they can't be changed, except for cases of force majeure. After the Ministry of Construction issued an official dispatch directing provinces to report the situation of construction steel prices, recently, the Vietnam Association of Construction Contractors sent an official letter to the Ministry of Construction proposing to adjust steel prices. The association proposed that with the bidding package using State budget, the Ministry of Construction coordinated with the Ministry of Planning and Investment and the Ministry of Finance to issue a circular guiding the adjustment of iron and steel prices. In addition, the Department of Construction is assigned to coordinate with the Department of Finance of provinces to adjust prices each month during the time when iron and steel prices spike. For bidding packages using other capital sources, it is recommended that investors and contractors negotiate when there is a difference in price depending on contracts and construction volume.

Hanoi Housing Investment and Development Corporation Deputy Director Mr Tran Bao Thach said that as steel price accounts for 30-35% of a construction's value, contractors have suffered huge losses. He said "For example, currently the market price of construction steel is 18,000 VND per kg, while the price quoted by the Department in the first quarter is 13,250 VND. We lost nearly 5,000 VND per kg for a state public project. If the project uses 100 tonnes of steel, then we lose approximately 500 million VND. Many businesses are going bankrupt while small companies don't dare to attend bids or do anything. Most projects now are stagnant."

319 Corporation, which is constructing three key highway projects including Mai Son National Highway 45, Cam Lo La Son and My Thuan Can Tho, General Director Mr Nguyen Minh Khiem said that As it is a fixed price contact, it is very difficult for the contractors as material costs keep rising. Now we are stuck between a rock and a hard place. If we don't work, the project will be behind schedule, but if we continue, we will lose money. We can only wait for instructions from the Ministry of Construction to see if there is any adjustments in steel prices.”

Source - Strategic Research Institute

voda 12 augustus 2021 08:30

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Gerdau to Fund US & Canada Start Ups for RFID Innovations

Brazilian steel company Gerdau has launched a Sales Accelerator Program that seeks startups to submit their innovations for Internet of Things solutions. The company, one of the leading suppliers of steel globally and a user of RFID technology, is accepting applications till July 30 and will announce the winners in September. The program is aimed at smart and sustainable technology startups in the United States and Canada that can provide solutions for industrial market challenges. The company is accepting applications from startups with hardware and software solutions involving IoT, RFID and other technologies.

Gerdau will accept six US and Canadian startups. The applicants selected will take part in a two-step program, beginning with a sales focus and then execution. Phase one's sales portion will include coaching, mentorship, a sales workshop, introductions to Gerdau's clients, a customer summit and investment evaluations. Phase two, execution, will provide continued mentorship, case study support, international expansion evaluation and global networking. The best-performing startups may earn investment and opportunities to create joint ventures with Gerdau and its partners.

Gerdau has a history of adopting technology to solve challenges and has won RFID Journal Awards for best logistics and supply chain implementation in 2017 and 2019.

Source - Strategic Research Institute

voda 12 augustus 2021 08:32

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Carpenter Technology Reports Q4 & Fiscal Year 2021 Results

Carpenter Technology Corporation has reported a net loss of USD 57.1 million for the fiscal fourth quarter ended June 30, 2021. Carpenter Technology President and CEO Mr Tony R Thene said “Our fourth quarter results finished ahead of our expectations as overall end-use market conditions showed further signs of recovery. We continued to actively manage our business. Fiscal year 2021 has been a challenging yet successful year for Carpenter Technology. Over the past year we executed various portfolio initiatives and targeted cost reductions, further implemented the Carpenter Operating Model to secure notable productivity gains. The long-term outlook for our end-use markets remains attractive and we are well positioned given our mission-critical solutions coupled with leading capabilities and established supply chain position.”

Net sales for the fourth quarter of fiscal year 2021 were USD 421.6 million compared with USD 437.3 million in the fourth quarter of fiscal year 2020.

Operating loss was USD 70.7 million compared to operating loss of USD 148.2 million in the prior year period.

Carpenter Technology Corporation is a recognized leader in high-performance specialty alloy-based materials and process solutions for critical applications in the aerospace, defense, medical, transportation, energy, industrial, and consumer electronics markets.

Source - Strategic Research Institute

voda 12 augustus 2021 08:33

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Northwest Pipe Company Announces Second Quarter 2021 Results

US leader of engineered pipeline systems for water infrastructure Northwest Pipe Company announced that net sales increased 5.5% to USD 73.8 million in the second quarter of 2021 from USD 70.0 million in the second quarter of 2020. The increase was primarily due to higher shipments from the Geneva Pipe and Precast Company operations acquired in January 2020, which contributed USD 15.0 million in the second quarter of 2021 compared to USD 12.4 million in the second quarter of 2020. Net sales were relatively consistent at the Company's steel pipe facilities for the second quarter of 2021 compared to the second quarter of 2020. Net income was USD 2.1 million in the second quarter of 2021 compared to USD 6.0 million in the second quarter of 2020.

President and CEO Mr Scott Montross said "As we expected, the second quarter continued to be challenging for the steel pressure pipe business. The combination of steel delivery issues, customer-driven delays on existing orders, and the associated bidding pressure that occurred due to the significant project bidding delays over the past few quarters negatively affected our second quarter production levels as well as our margins. We saw project bidding begin to stabilize and improve during the second quarter which resulted in a steel pressure pipe backlog that grew to $234 million. The precast concrete business remained very strong during the quarter, offsetting slowness in the steel pressure pipe business, and leading to an order book that remains at a historically high level."

Mr Montross continued, "We expect steel pressure pipe bidding strength and stability to continue to improve in the second half of the year. However, we anticipate that our steel pressure pipe revenue and margin recovery will be slow in the beginning of the second half of 2021 given the ripple effects we will continue to experience from steel delivery delays and existing job and project bidding delays. This is in addition to the lingering effect of market panic bidding and the resulting margin pressure that occurred due to significant bidding delays in the second half of 2020 and early 2021. That said, we believe a stronger bidding environment in the second half of 2021, coupled with our growing backlog, should support improved revenue and margins as we move into the latter part of 2021 and into 2022. In addition, the precast concrete business is expected to remain strong during the second half of 2021."

Source - Strategic Research Institute

voda 13 augustus 2021 08:23

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Tata Steel Reports Highest Ever Quarterly EBITDA in Apr-Jun 2021

Tata Steel announced that its crude steel production in India in April-June 2021 quarter increased by 54.8% on YoY basis, however, declined 2.6%QoQ to 4.63 million tonnes, impacted by the supply of over 47,800 tonnes of liquid medical oxygen to hospitals during the quarter amidst the 2nd wave of COVID-19 pandemic. Overall deliveries increased by 41.7% on YoY basis, however, declined 11% QoQ to 4.15 million tonnes due to partial lockdowns announced by some of the states and temporary shutdowns in few steel consuming sectors amidst the 2nd wave of COVID-19 pandemic. To compensate for the softness in domestic demand, exports were increased to 16% of the total sales in 1QFY22.

India Operations

Turnover of INR 30,344 crores up 1% QoQ

Achieved highest ever quarterly EBITDA of INR 13,946 crores with 13.4% QoQ and 9.6x YoY growth

Per Tonne EBDITA of INR 33,604 up 28% QoQ

Achieved highest ever PAT of INR 9,593 crores

Tata Steel BSL registered its highest ever quarterly EBITDA of INR 3,118 crores.

Tata Steel Long Products also registered its highest ever quarterly EBITDA of INR .554 crores

Europe

Steel deliveries at Tata Steel Europe increased by 17.4% YoY to 2.33 million tonnes in Q1 of 2021-22 and EBITDA improved sharply to GBP 150 million

Tata Steel Chief Executive Officer & Managing Director Mr TV Narendran said “Over the last 15 months, the global economy has been recovering driven by policy support and progressive vaccination which has led to improvement in business and customer confidence. However, Indian markets were adversely impacted again during the last quarter due to the 2nd wave of COVID-19 which impacted our steel production as well as deliveries. Demand has begun recovering in India, though domestic steel prices continue to be at a steep discount to China import parity prices. We continue to focus on our objective to attain and retain market leadership in chosen segments by building strong customer relationships, superior distribution network, rolling out brands and developing new products & solutions in steel and new materials.”

He added “We are also focused on value accretive growth. Our 5 MTPA TSK phase II expansion is progressing well. It will drive product mix enrichment and cost reduction, further strengthening our competitive position. We have accelerated capex allocation for the 6 MTPA Pellet plant and the CRM complex, both are expected to be commissioned by 1st half of 2022.”

Tata Steel announced that its crude steel production in India in April-June 2021 quarter increased by 54.8% on YoY basis, however, declined 2.6%QoQ to 4.63 million tonnes, impacted by the supply of over 47,800 tonnes of liquid medical oxygen to hospitals during the quarter amidst the 2nd wave of COVID-19 pandemic. Overall deliveries increased by 41.7% on YoY basis, however, declined 11% QoQ to 4.15 million tonnes due to partial lockdowns announced by some of the states and temporary shutdowns in few steel consuming sectors amidst the 2nd wave of COVID-19 pandemic. To compensate for the softness in domestic demand, exports were increased to 16% of the total sales in 1QFY22.

India Operations

Turnover of INR 30,344 crores up 1% QoQ

Achieved highest ever quarterly EBITDA of INR 13,946 crores with 13.4% QoQ and 9.6x YoY growth

Per Tonne EBDITA of INR 33,604 up 28% QoQ

Achieved highest ever PAT of INR 9,593 crores

Tata Steel BSL registered its highest ever quarterly EBITDA of INR 3,118 crores.

Tata Steel Long Products also registered its highest ever quarterly EBITDA of INR .554 crores

Europe

Steel deliveries at Tata Steel Europe increased by 17.4% YoY to 2.33 million tonnes in Q1 of 2021-22 and EBITDA improved sharply to GBP 150 million

Tata Steel Chief Executive Officer & Managing Director Mr TV Narendran said “Over the last 15 months, the global economy has been recovering driven by policy support and progressive vaccination which has led to improvement in business and customer confidence. However, Indian markets were adversely impacted again during the last quarter due to the 2nd wave of COVID-19 which impacted our steel production as well as deliveries. Demand has begun recovering in India, though domestic steel prices continue to be at a steep discount to China import parity prices. We continue to focus on our objective to attain and retain market leadership in chosen segments by building strong customer relationships, superior distribution network, rolling out brands and developing new products & solutions in steel and new materials.”

He added “We are also focused on value accretive growth. Our 5 MTPA TSK phase II expansion is progressing well. It will drive product mix enrichment and cost reduction, further strengthening our competitive position. We have accelerated capex allocation for the 6 MTPA Pellet plant and the CRM complex, both are expected to be commissioned by 1st half of 2022.”

voda 13 augustus 2021 08:36

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NMDC Posts Best Ever Quarterly Performance in Apr-Jun 2021

Indian iron ore miner NMDC produced 8.91 million tonnes of iron ore and sold 9.45 million tonnes during Q1 of 2021-22, achieving a growth of 35% over the corresponding quarter of the previous year and 51% in sales over the corresponding quarter of the previous year. This excellent performance, achieved on the back of robust domestic demand and peaking of international iron ore prices, makes this the best Q1 for NMDC since the company’s inception. NMDC CMD Mr Sumit Deb said, “Indian steel majors reporting strong results and also announced expansion plans. That combined with the Government’s determination to continue spending on infrastructure projects while we return to normalcy is extremely encouraging for us at NMDC.”

At INR 4,263 crore, Profit Before Tax for the quarter registered a 462% growth against the INR 759 crore achieved during Q1 of 2020-21. Profit After Tax at INR 3,193 crore, saw a 499 % increase against the INR 533 crore achieved during Q1 of 2021. Turnover during this quarter grew 236% from INR 1,938 crore in Q1 of 2020-21 to INR 6,512 crore in Q1 of 2021-22.

Source - Strategic Research Institute

voda 13 augustus 2021 08:39

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Covid19 Wave Clouds Outlook of Malaysian Steel Sector

The Star reported that the Malaysia Steel Institute expects the performance of the local iron and steel sector this year to be similar with last year, given the disruption in operations following the Covid-19 lockdown. Malaysia Steel Institute CEO Mr Jarrod Lim said “Currently, it is premature to determine the second half of the iron and steel performance given the uncertainty of the current lockdown and any future lockdown that may be enforced.”

Malaysia’s iron and steel exports rose to 10.03 million tonnes in 2020 from 6.64 million tonnes in 2019 despite the pandemic. Imports, however, fell to 5.98 million tonnes in 2020 from 7.51 million tonnes in the previous year.

According to the South East Asia Iron and Steel Institute, the higher exports by Malaysia last year was due to an increase in capacity and exports of long steel and semi-steel products.

Source - Strategic Research Institute

voda 13 augustus 2021 08:40

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Liberty Steel Galati Posts Strong Performance in Q2 of 2021

Liberty Steel’s Romanian subsidiary Liberty Steel Galati continued to improve its performance in Q2 of 2021 after already strong results of Q1 2021. In Q2, it generated a revenue of RON 2.4 billion (EUR 492 million) and EBITDA of RON 412 million (EUR 84 million), up by 37% and 61% from Q1 2021, which was already the best quarter since 2008. Its shipments increased by 7% QoQ to around 566,000 tonnes, in line with plans of raising production to 3 million tonnes per annum from 2 million tonnes in 2020 .

Liberty Steel Group Chairman Mr Sanjeev Gupta said "The Galati team have delivered yet again, building on their great start to the year to deliver another set of record results. I am now looking for the team to increase their production even further as well as push on with their move towards GREENSTEEL and true carbon neutrality."

Source - Strategic Research Institute

voda 13 augustus 2021 08:40

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Primetals & Fujian Dingsheng Steel Sign Maintenance Contract

In April 2021, Fujian Dingsheng Steel Ltd. and Primetals Technologies signed contracts for maintenance services for the Arvedi ESP covering maintenance of the caster and rolling mill as well as the repair of caster rollers. Primetals Tangshan Technical Service Ltd and Primetals Technologies China Ltd will provide comprehensive maintenance services, supply and repair of propriety components as well as high quality repairs from the Primetals’ workshops located in ChangXing and Tangshan. In addition, operational support, condition monitoring, comprehensive training and technical assistance are part of the Primetals Technologies’ advantages for the customer.

Fujian Dingsheng Steel Ltd, established in 2017 and located in Fujian province, signed a supply contract for a Primetals Technologies’ EAF Quantum furnace and an Arvedi ESP line. The production line in Fujian province has a nominal production capacity of 2.4 million tonnes per year. By using proprietary Primetals Technologies manufacturing and maintenance know how, a stable ramp-up of the production is ensured. Together with foreign expertise from Primetals Technologies Austria and USA a further improving of operational efficiency and product quality will be implemented during the initial term of the three years’ contracts. These comprehensive technology-based services will keep the new sophisticated production line in a perfect state.

PTTS, established in August 2017 in Tangshan, Hebei, is a joint venture between Primetals Technologies and HBIS Tangsteel. PTTS provides services in off-line maintenance, equipment refurbishment, condition monitoring for casters of HBIS group and Chinese companies. The company with its’ approximately 500 employees uses proprietary maintenance technologies and know how of Primetals Technologies, with the purpose of further improving the customers’ operational efficiency and product quality.

Source - Strategic Research Institute

voda 13 augustus 2021 08:42

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Nucor Cancels Expansion at Convent Steel Manufacturing Complex

Nola reported that Nucor Corp has informed Louisiana environmental officials that it is abandoning plans for a USD 500 million expansion of its Convent steel manufacturing complex and will continue delaying a decision on another expansion there. Nucor Steel has withdrawn its Title V permit application for a major expansion of its pelletizer plant in St. James Parish, just one year after submitting it to the Louisiana Department of Environmental Quality. On July 27, Nucor submitted an “addendum” to LDEQ that replaced its original permit renewal application entirely and stated its intention to withdraw the proposed pelletization project plan. Nucor spokesperson Ms Katherine Miller said "This was solely a business decision based purely on market conditions.”

Separately, the company has agreed to pay USD 89,760 to the state to help settle charges that the plant released caustic sulfuric acid mist and highly flammable hydrogen sulfide in violation of federal and state law since it began operations in 2013.

The St James Parish-based environmental group Inclusive Louisiana and the Louisiana Bucket Brigade, represented by the Tulane Environmental Law Clinic, had challenged the illegal emissions settlement as too small, considering the length of time that the toxic gases were allowed to be released. But both groups also praised Nucor's decision not to proceed with the expansions.

Source - Strategic Research Institute

Bijlage:

voda 13 augustus 2021 08:43

0

Kobelco Reports Steel Segment Results for Q1 of FY2021

Japanese steelmaker Kobe Steel swung back to profits during the quarter ending June 2021, helped by an increase in steel sales as well as a rise in price of the metal. Kobe Steel reported an operating profit of JPY 24.8 billion during the quarter ending June 2021, as compared to an operating loss of JPY 19.8 billion in the same quarter last year. Net profit was JPY 18.9 billion during the quarter as compared to a net loss of JPY 13.1 billion in the same quarter last year. It said “Operating income increased due to an increase in sales volume and an improvement in inventory valuation despite a deterioration in metal spreads associated with the increase in raw material prices of steel products.”

The average sales price for steel received by the company also improved to JPY 90,700 per tonne, an increase of JPY 10,600 yen per tonne over the same quarter last year.

The company’s net sales for the quarter also improved significantly. For the quarter, Kobe Steel’s net sales were JPY 463.2 billion, almost 24% better than JPY 374.1 billion in the same quarter last year.

Source - Strategic Research Institute

voda 13 augustus 2021 08:44

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Baosteel Develops Oriented Heat-Resistant Silicon Steel

Baosteel’s world’s first oriented heat-resistant scored steel product was launched this year won the first batch order from Hebei High Crystal Electrical Equipment Co, the largest three-dimensional wound core transformer company in China, marking that the new steel product independently developed by Baosteel has won the recognition of the downstream industry, and entered the stage of mass production and market application and promotion.

The development of oriented heat-resistant scored silicon steel has great significance for power grid energy conservation and emission reduction. It has opened a new route in exploring high-efficiency transformers for the power industry in China. At the same time, this product is a key material in the development of three-dimensional wound core transformer technology and is also the foundation for further improving transformer energy efficiency. Its successful production at Baosteel on December 15, 2020 has filled the gap in domestic products of heat-resistant scored oriented silicon steel series. At present, Baosteel’s production has covered the entire series of grain-oriented silicon steel products in the world, and has achieved comprehensive leadership from R&D to manufacturing technology.

Source - Strategic Research Institute

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