DeBeurs.nl

voda 20 augustus 2021 15:42

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Lion Industries plans HRC production by year-end
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Malaysia is scheduled to see production of hot rolled coil by year-end, Kallanish understands.

Lion Industries Corp announced on 18 August that repair and refurbishment works was taking place at its 3.2m tonnes/year capacity strip mill located at Banting, Selangor, according to press reports. The company expects that HRC production will start in December and plans to ramp up plant production to full capacity by February 2022. Lion announced its plans to recommission strip production at its moth-balled plant late last year. It also said that it was planning to invest in a blast furnace project which included a 3,000-cubic-meter furnace in the first phase.

In the recent statement, the group said that it is aiming to produce billet, bars and sections in January or February at its EAF steel plant in Pasir Gudang, Johor. Modification works are currently taking place at the plant which has a rated 720,000 t/y capacity.

Anna Low Singapore

voda 20 augustus 2021 16:00

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Liberia Steel factory accident temporarily halts production
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Seven workers have been injured following an explosion at Sethi Ferro Fabrik Incorporated steel company in the west coast African state of Liberia, but operations were not seriously impacted, according to the online frontpageafricaonline news portal.

The explosion occurred following a shock on an electric induction furnace that was being used to melt steel by one of the workers at the facility during the early morning hours of Wednesday last week.

General Manager, Siafa Morgan, described the incident as an “unfortunate accident and shocking." He revealed that the electric arc furnace equipment which caused the explosion was brand new and modern equipment which was being handled by one of its experienced workers, but the manner and form in which it defaulted or malfunctioned goes beyond imagination.

It’s been confirmed that hospitalised workers' health conditions are not life-threatening and the operation has been suspended for a day.

The Sethi Brothers Inc. was founded in 1979 employs more than three hundred Liberians at its ferrochrome plant in Gardnerville, outside the capital Monrovia SBI aiming to grow in Guinea and Sierra Leone and subsidiary plants are under construction.

The company is using scrap for the production of steel rods, but it has expressed interest in mining iron ores in Liberia to guarantee the mass production of steel rods and the employment of thousands of Liberians.

There is registered 132 million tonnes of iron ore reserves at Goe Fantro in the Republic of Liberia. Historically, Liberia, has been one of Africa’s largest iron-ore exporters Badly impacted by the Ebola virus (see Kallanish passim).

Burak Odabasi Turkey

voda 20 augustus 2021 16:26

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ASEAN billet market falters on Chinese losses
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The billet import market has fallen under $700/tonne cfr in Southeast Asia, Kallanish notes. ASEAN exporting mills lowered offers amid a plunge in the Chinese steel and iron ore markets. However, regional buying interest is still weak as many ASEAN countries continue to grapple with spiraling Covid-cases.

Offers heard in the importing countries of Philippines, Indonesia and Thailand have not fallen as sharply as export prices reported by market sources in Vietnam.

On 19 August, electric arc furnace 5sp billet from Indonesia was offered at $675/t cfr, a Manila trader says. A Thai trader also heard offers that day for blast furnace and EAF billet from India, Indonesia and Vietnam at $675/t cif Thailand. Vietnamese blast furnace billet is offered at $680/t cfr Manila, an importer says on 20 August. Blast furnace offers from Indonesia and Vietnam were around $705-710/t cfr Manila on 13 August.

Traders had mixed opinion on where buying interest is at in Manila. “Manila buyers were refusing to give firm bids even at $660/t cfr Manila,” a regional trader says.

But a Manila trader reports hearing a couple of bids for EAF billet from Vietnam and Indonesia for shipment at the latest by early October at $670/t cfr. “At the end of the day, customers with inventory gaps will be more inclined to buy naturally at the right price,” he says. But he is not clear on the outcome as yet.

But market sources in Vietnam say that Vietnamese billet prices are lower. Traders are inviting bids for 5sp billet for September or October shipment at $640/t fob (or $670/t cfr Manila) from leading Vietnamese blast furnace producer after getting “permission” from the mill, a Vietnamese trader says. This mill as well as others are facing difficulties in clearing September steel production through very strict Covid curbs.

Vietnamese blast furnace 5sp billet is prevailing at $680/t cfr Jakarta and Indian 3sp billet at $670/t cfr, a Jakarta mill manager says on 20 August. A Thai trader reports hearing Iranian 5sp billet offered at 670/t cfr Thailand for October shipment. Kallanish assessed 5sp/ps or Q275 120/125/130mm square billet on Friday at $670/t cfr Manila, $32.5 lower on-week.

Anna Low Singapore

voda 20 augustus 2021 16:27

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DMZ reduces pollution with coke oven battery upgrade
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Ukraine's Dneprovskiy Steel Mill (DMZ, formerly Petrovka), part of DCH Group, completed the first stage of overhaul of coke oven battery No.4, the company says.

Total investment is about UAH 170 million ($6.3m), Kallanish notes. The project will reduce emissions of pollutants into the atmosphere.

As part of the investment project, 20 coking chambers were repaired at the DMZ coke-chemical site. It replaced the refractory masonry on the machine and coke sides, and moved the heating walls. They installed new armor, gas valves and reinforcement assemblies. Coke equipment was repaired and replaced.

Now the new refractory masonry has no cracks and the doors fit tightly to the armor. Repaired furnaces do not lose coke oven gas - all of it goes for cleaning and processing, the enterprise claims. Excess coke oven gas, which may be formed during the commissioning period, will be directed to the afterburner, the operation of which is fully consistent with the technological process.

The repair of the rest of the coking chambers will continue at the operating battery, and it is planned to complete it by the end of the year.

“In addition to overhaul of coke oven battery No. 4, this year ceramic surfacing is carried out at KB-1 and 2 with sealing of heating wall masonry joints,” says DMZ’s general director Vitaly Bash. “A project for the construction of a smokeless charge loading system by hydroinjection is under preparation. In general, this will increase the efficiency of the furnaces and significantly reduce the burden on the environment.”

DMZ produced 27,600 tonnes of crude steel in July, up by 27.1% on-year (see Kallanish passim). Pig iron output increased by 32.2% to 26,000t and production of rolled products was more by 20.4% to 20,800t.

In January-July, DMZ produced 171,600t of crude steel, 177,300t of pig iron and 138,200t of rolled products.

The main products are square billet supplied to Turkey and Egypt, channel bars with a wide export geography including Europe, Asia and Africa, and pig iron mainly exported to Turkey.

Svetoslav Abrossimov Bulgaria

voda 20 augustus 2021 16:36

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Chinese scrap decreases on more supply
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The Chinese scrap market has trended lower this week due to falling iron ore prices, and an increase in scrap arrivals.

On Friday, Kallanish assessed Chinese 6mm+ heavy scrap delivered to mills in eastern China's Yangtze River Delta at CNY 3,717/tonne ($572/t) including VAT. This is CNY 9/t lower since Thursday and CNY 27/t lower compared with the previous Friday.

Data from information provider Fubao shows that 49 independent electric arc furnace mills in China saw a 64.8% operating rate and 76.3% utilisation rate last week. The operating rate was stable and utilisation increased by 0.7% compared with the previous week.

With the rebound of both arrivals and consumption, the relationship between supply and demand is relatively balanced. However, it is unlikely that production restrictions will be lifted for a while, and demand is expected to weaken further.

Last week, the average daily volume of scrap delivered to 147 steel enterprises was 340,500 tonnes, an increase of 3.3% on-week, Fubao data shows. The average daily scrap consumption of these mills last week was 352,500t, up by 0.46% on-week.

Scrap imports remained quiet, and no import transactions were heard reached during the week. In early August, 690.9 tonnes of British HRS101 scrap imported by Zhejiang Zhongtuo Company cleared customs at Tianjin Port. Last Friday, Kallanish assessed Chinese HRS 101 imports at $560/t cfr China, unchanged on-week.

By Kallanish Team

voda 20 augustus 2021 20:31

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More carmakers halt production due to semiconductors shortages
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Automotive companies are again stopping production due to the shortage of semiconductors, which has been going on for almost a year.

German carmaker Audi, part of the Volkswagen Group, will stop production at its headquarters in Ingolstadt and in Neckarsulm from Monday until the end-August due to lack of semiconductor deliveries, the company confirmed to Kallanish.

In September, the carmaker will be forced to significantly cut the production schedule.

“Our goal is to resolve bottlenecks as quickly as possible and to catch up as far as possible on vehicles that have not been built during the course of the year and the top priority is processing the high order backlog,” Audi says.

Russian carmaker AVTOVAZ is forced again to change the production schedule for the working week starting on 23 August due to the continuing shortage of chips from Bosch. “All three lines for the production of cars at the Tolyatti plant will be stopped throughout the week,” the enterprise says.

The work schedule for the week starting 30 August will be drawn up early next week. However, Avtovaz said that this problem will likely continue during the rest of the year.

The global semiconductor shortage has also hit this week Toyota Motor. Japan’s largest carmaker will reduce production in the country by 40% from 22 August to 17 September. The latest problem come after outbreak of Covid-19 infections in chip plant in Malaysia.

Last week, semiconductor shortages forced Nissan and Volvo to halt some production sites (see Kallanish passim).

Global semiconductor demand for automotive will be supported by a recovery in the automotive industry, higher semiconductor content in electric vehicles and sustained strong demand for consumer electronics and industrial goods, says Fitch Raitings.

Earlier this month, Japan-based semiconductor manufacturer Renesas said it expects semiconductor shortages for the automotive industry will continue until the middle of next year.

Global automotive production could rebound 7-9% on-year in 2021 but will be hampered by supply chain frictions, mainly the lack of semiconductors for OEMs, ING Bank said previously.

The disruption will cost automakers 3.8 million units in lost production in 2021, noted Fitch Ratings.

Svetoslav Abrossimov Bulgaria

voda 20 augustus 2021 20:32

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Turkish merchant bar quotes fall on weak demand
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Turkish merchant bar producers faced weaker demand this week and have been forced to decrease their export quotes.

On Friday, Turkish producers’ export offers stood mostly at $720-740/tonne fob Turkey for angles, $730-750/t for IPN-UPN sections, $740-760/t for flat bars, and $730-750/t for IPE sections. H

However, there are also offers at lower levels, with quotes seen varying depending on producers’ production cost, capacity utilisation level and freight rates.

Although the demand in the EU has fallen remarkably due to the holidays, the EU was still the largest export destination this week as demand in other regions was more stagnant. Although Turkish producers have given offers to the customers in Peru, Mexico and some other South American countries, buyers mostly preferred to wait as they are expecting to see lower prices in the coming days.

Although there have been some sales to North Africa, demand was not at a level that can be called lively. Some Turkish producers are seen hindering competition by offering very low prices in the region.

Middle Eastern demand, which has remained very weak for a while, is seen to have started to stir, though, is still far from being sufficient. West African and Asian demand was almost null.

A Turkish merchant bar producer tells Kallanish: "With most European buyers returning from the holiday next week, I expect to see stronger demand. If raw material prices stop falling in addition to this, demand will rise even further,”

A re-roller says the offer-deal conversion rate remained too low throughout the week as buyers, who have inquired, were mostly gauging the market but not aiming to buy.

High freight rates and vessel problems, on the other hand, continue to challenge Turkish producers. A re-roller says he has received a freight offer from western Turkey to Morocco at $70/t.

“This used to be $55/t just a few weeks ago, during our previous shipment,” he adds.

Billet prices, meanwhile, have declined further. Mills are offering $650/t ex-works in the domestic market. While CIS-mills are offering billets at 615-620/t fob, there are traders that offer the same levels on cfr basis. Turkish re-rollers are seen bidding at $610-615/t cfr.

Burcak Alpman Turkey

voda 20 augustus 2021 20:32

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CIS HRC flat, CRC softens on higher freight
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CIS flat products exporters continue to hold offers above $900/tonne fob Black Sea for September rolling allocations, but buyers are largely on the fence or bidding below these levels, Kallanish learns from market sources.

The softening of the market caused by sliding feedstock prices and weakening Chinese sentiment against the backgroud of severe lockdowns in Asia is stirring talks of possible production cuts by Russian suppliers. This is in order to relieve pressure from weak export market and retain domestic prices at their relatively high levels. Russian pipemakers are becoming more vocal about the high level of prices they pay, but unlike their Turkish counterparts they do not have the luxury of lower priced imports, traders note.

There was demand in Egypt last week at around $910-920/t cfr, which netting back to around $870-880/t fob has not resulted in sales. Some traders expect sales will take place with suppliers making compromises, especially Ukrainian ones who do not have an export duty to pay and have more flexibility. Ukrainian offers are at around $900-910/t fob for small/large coils of October loading. Offers to the Middle East and North Africa remain at $960-970/t cfr with buyers still not biting, traders note.

Turkey booked some CRC at around $1,100/t cfr, netting back to around $1,065/t fob as freight rates continue to rise. No HRC was sold to the country after several lots were sold the week prior. Offers of CRC were heard as low as $960/t fob to the western hemisphere, with rising freight rates playing pivotal expected role in softening fob offers.

Meanwhile, offers to Vietnam were heard at $860/t cfr from a Russian steelmaker, but due to vast inactivity of Vietnamese market due to lockdowns, they were also passed by. Traders watch Asian developments with mixed sentiment, some still nursing the expectation of the market rebounding strongly once the lockdown are lifted, as was the case in all the other regions. The timing of their ending and the sequence of China's market developments remains the pivotal factor in Asian markets' recovery and their effect on regional HRC prices.

Katya Ourakova UK

voda 20 augustus 2021 20:33

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UAE’s Jebel Ali port operator grows in H1
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Dubai-based port operator DP World grew in revenue in the first half of 2021 supported by acquisitions and strong growth in India, Australia, and UK.

The company’s portfolio has delivered a strong performance in H1 2021 on higher consumer spend and rebound in global trade. The near-term outlook remains positive within moderate growth rates expectation. However, Covid-19 pandemic and geopolitical uncertainty could once again disrupt the global economic recovery, said in the company’s half year earnings report summary seen by Kallanish.

The company recorded a 21.3% revenue increase to $4.94 billion on-year in H1, from $4.07 billion in H1 2020,

The net attributable earnings rose 51.9% to $475m in H1 2021, compared to $313m in the same period of 2020.

Capital expenditure of $687m has already been invested across the existing portfolio during the first half of the year and around $1.2 billion is planned to be invested in 2021. Acoording to 2021 investment planning some of the countries are UAE, Jeddah (Saudi Arabia), Berbera (Somaliland), Sokhna (Egypt) and Luanda (Angola)

DP World ceo Sultan Ahmed Bin Sulayem, says: "Our recently announced acquisitions of Imperial Logistics and syncreon bring value-add capabilities in high growth verticals and markets, which will allow us to offer a more compelling set of supply chain solutions."

The Jebel Ali port managed by DP World, near the border between the emirates of Dubai and Abu Dhabi, is the biggest port in the Middle East. Between 2010 and 2019, 1 billion tonnes of steel and construction materials and over 50mt of general cargo were handled (see Kallanish passim).

Burak Odabasi Turkey

voda 20 augustus 2021 20:33

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Iron ore rebounds into a new range
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Seaborne iron ore prices rebounded on Friday after their cliff-edge dive on Thursday. Expectations for prices remain confused, but Friday suggested they were settling into a new range.

The Kallanish KORE 62% Fe index regained $8.36/tonne to $140.73/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index increased $7.26/t to $165.48/dmt cfr, but the KORE 58% Fe index appreciated only $3.70/t to $118.90/dmt cfr. 170,000t of PB Fines sold at $136.90/t with a laycan of 25 September-4 October.

On the Dalian Commodity Exchange, January 2022 iron ore settled down CNY 10.5/t at CNY 765/t ($117.71/t), while on the Singapore Exchange September 62% Fe futures settled up $8.03/t at $138.63/t. The same contract for 65% Fe and 58% Fe futures settled up $7.31/t at $156.96/t, and down $1.76/t at $120.33/t respectively. In Tangshan, billet was flat at CNY 4,880/t.

Recovering steel and iron ore futures prices on Friday helped reassure the market that the sell-off on Thursday was too far, too fast. After taking another big step lower, prices are now again expected to settle into a new level. Views are mixed on whether any further step down in prices is needed, but with every step down the previous sense that ore was overpriced has faded.

Across 35 Chinese ports iron ore stocks increased 1.68 million tonnes to 120.33mt, according to a count by SMM. This was despite lower deliveries into stocks. Mills restocking needs were low last week, and restrictions or maintenance reduced demand in Tangshan and Jiangsu. Some mills restocked a little after the sharp drop in prices however.

Tomas Gutierrez UK

voda 20 augustus 2021 20:34

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Skelp prices keep welded OCTG sky-high
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Historically high skelp pricing in the US is keeping transacted volumes relatively low in the welded oilcountry tubular goods market, Kallanish hears from market sources.

Kallanish maintained its representative P110 domestic welded casing price Friday at $2,100-2,200/short ton, ex-works, domestic mill.

The vast majority of that price is a direct result of hot-rolled pricing remaining around the $1,900/st mark, says a Gulf Coast buyer. Seamless material is at an unusual discount to welded, selling for about $2,050-2,100/st, he notes.

A second Gulf Coast buyer says current hot-rolled prices versus their position relative to the world export market and China “...reveals a big, big alarm.”

“This is not sustainable,” he says. “Something has to give. There are recent articles which point out the decline of China’s steel production. The ripple effect will be felt globally.”

Dan Hilliard USA

voda 20 augustus 2021 20:35

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Turkish scrap falls further on fresh US deal
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Turkish imported scrap prices fell further on a fresh US-origin scrap deal.

A Turkish long steel mill in the south bought a cargo from a US supplier on Thursday that comprises 20,000 tonnes of HMS 1&2 80:20 at $450/t, 7,000t of shredded at $470/t and 3,000t of bonus grade at $470/t cfr. The price of HMS 1&2 80:20 in this deal is $11/t lower compared to the US deal that was booked last week.

Although their requirement for September shipment cargoes continues, Turkish mills have been taking scrap purchases slowly for a while and exerting pressure on prices. This was mostly due to the weak global export demand which prevents mills from seeing the clear picture of the market.

US suppliers, who were waiting for Turkey’s demand to recover and aiming to sell at higher prices, are seen to have been convinced to sell at lower levels after the sharp fall on iron ore prices on Thursday.

Although there was a rumour of a Baltic-origin sale at $455/t for HMS 1&2 80:20 and $471/t cfr for shredded, this is yet to be confirmed.

Approaching September, most market participants are seen expecting to see stronger scrap demand next week as Turkey has to fulfill September shipment scrap purchases. Unavailability of offers from short-sea is likely to direct Turkish mills to the deep-sea market. These make most market participants think scrap prices are closer to the bottom. Some, however, still think scrap prices will continue to fall unless they find support from rebar sales as the availability of HMS grade is sufficient.

On Friday, Turkish producers’ offers for mesh-quality wire rod stood at $785-800/t fob Turkey. However, demand remained weak throughout the week and Turkish mills have been forced to give extra discounts in order to compensate buyers’ additional costs arising from costly freight, in order to take a share from the limited demand. Only small-volume sales to the EU and Israel were confirmed last week. Most of the bookings appeared at below $790/t fob, Kallanish notes.

Burcak Alpman Turkey

voda 23 augustus 2021 07:41

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Ternium & Vale Join Hands for Decarbonization of Steel Production

Ternium signed a memorandum of understanding with Vale agreeing to seek opportunities to develop steelmaking solutions focused on reducing CO2 emissions. Ternium’s Chief Executive Officer Mr Máximo Vedoya said “This is an important step in our decarbonization strategy as it contributes to achieving Ternium’s commitment to reduce by 20% its CO2 emission intensity by 2030. Ternium's decarbonization roadmap was announced in February 2021. Vale is a key supplier in our value chain, and they share our commitment to preserving the environment. I believe we will have many opportunities to develop joint initiatives to continue decarbonizing our operations in the future. Carbon neutrality is a goal that can only be achieved if all parts of society work together. As Latin America’s leading flat steel producer, we are going to do our part in this endeavour.”

Ternium and Vale intend to develop economic feasibility studies of potential investments in

- An iron ore briquetting plant located at Ternium Brasil facility.

- Plants to produce metallic products with low carbon footprint, using Tecnored, HYL and other technologies for iron reduction.

Vale has developed for more than 10 years a breakthrough technology to briquette iron ore products, as sinter feed and pellet feed, in a process that is simpler, flexible, less carbon intensive and capital intensive and less costly. The briquettes would support the continued adoption of blast furnaces in its transition to a less carbon intensive process, since it could bypass the sintering process, which represents around 10% of steelmaking emissions, or be used as direct charge since it could replace lumps and pellets in blast furnaces and direct reduction furnaces.

Tecnored is a 100% Vale subsidiary focused on developing a low carbon pig iron process through the use of energy sources, such as biomass and syn-gas that emit less CO, than the coal and coke the tradition iron-making processes use. Using biomass, the path to economic carbon neutrality may be achieved in the medium term.

HYL is a low carbon iron ore direct-reduction technology developed by Ternium in Mexico. This technology, which is currently operating at Ternium’s facilities in Monterrey and Puebla, Mexico, has the ability to selectively recover CO2 , thus significantly reducing carbon emissions compared to other reduction technologies.

This initiative contributes to achieving Vale’s commitment to reduce 15% of net Scope 3 emissions by 2035. Additionally, Vale seeks to reduce its absolute Scope 1 and 2 emissions by 33% by 2030 and achieve neutrality by 2050, in line with the Paris Agreement, leading the evolution process towards low carbon mining.

Source - Strategic Research Institute

voda 23 augustus 2021 07:43

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ArcelorMittal Targeting Indian Steel Sector for Growth

It appears that, after grand entry into India with acquisition of Essar Steel in 2019, ArcelorMittal Chairman Mr LN Mittal has set sights on likely growth in steel production & consumption in India as he called upon Gujarat Chief Minister Mr Vijay Rupani at Gandhinagar and Odisha Chief Minister Mr Naveen Patnaik over weekend to move ahead on mega steel plants in these states.

As per media reports, ArcelorMittal would invest INR 100,000 crore in different projects in Gujarat, including INR 50,000 crore for the expansion of Hazira-based steel plant its steel plant at Hazira near Surat. Mr Mittal is also willing to invest another INR 50,000 crore in solar energy, wind energy and hydrogen gas production in Gujarat.

The Odisha meeting, which was held at the Chief Minister's residence, lasted for an hour. Though neither the Chief Minister nor Mr Mittal made any official statement about the meet, media reports suggest that they discussed about the company's proposed steel plant project at Kendrapada. On March 4 this year, ArcelorMittal Nippon Steel India had signed a MoU with the Odisha government for setting up a 12 million tonne integrated steel plant in the state, with an investment of INR 50,000 crore.

Source - Strategic Research Institute

Bijlage:

voda 23 augustus 2021 07:44

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Angang Takes Over Benxi Forming Mega Steelmaker in China

Chinese steel makers Ansteel Group and Ben Gang formally began the process of merging their operations. Benxi Steel's listed subsidiary Bengang Plate announced that the government of north-eastern Chinese province Liaoning has approved a merger between Anshan Iron & Steel and Benxi Iron & Steel. Accordingly, the owner of Benxi Steel, Liaoning's State-owned Assets Supervision & Administration Commission, will transfer 51%equity in the steelmaker to Angang. The total crude steel production of Angang and Benxi was 55 million tonnes in 2020 and the combined capacity is 63 million tonnes, making the new conglomerate Ansteel the second largest steel producer in China after Baowu and the third largest in the world.

The merger of Bengang and Angang was first put forward more than 10 years ago but had seen little progress. Both Angang and Bengang are in northeastern China's Liaoning province, but different ownerships with tax re-allocation problems emerged as major hurdles that have held back the merger for several years.

China's government is a major supporter of steel industry consolidation as it wants to have a larger influence in negotiating raw material prices. China's Ministry of Industry and Information Technology has set the target to increase the ratio of the top five steelmakers' crude steel output to China's total output to 40% by 2025. After the merger of Angang and Bengang, the combined crude steel production of China's top five steelmakers will account for around 27% of the country's total crude steel production.

Source - Strategic Research Institute

voda 23 augustus 2021 07:45

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JSW Steel Takes Lead in Targets for Reduction in CO2 Emissions

JSW Steel has set a target of achieving CO2 emissions of 1.95 tCO2e per tonne of steel by Fiscal 2030, which are a 23% reduction from FY20 and 42% reduction from the base year of 2005. JSW Steel said “The target set for CO2 emissions includes direct emissions (Scope 1) and energy indirect emissions (Scope 2) from its operating integrated steel plants at Vijayanagar, Dolvi and Salem and follows the Sustainable Development Scenario pathway for Indian Steel Industry as proposed by the International Energy Agency Iron and Steel Technology Road Map with an objective to reduce 60% of CO2 emissions by 2050.”

By officially setting these targets, JSW Steel has taken a lead among Indian steel makers SAIL, Tata Steel India, AMNS India, JSPL & RINL etc in global drive to meet climate policies and could galvanize them to announce their plans.

Source - Strategic Research Institute

voda 23 augustus 2021 07:48

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NRW’s Funding for Joint REDERS Green Steel Project in Germany

Intensive research is currently being conducted into modern and more climate-friendly processes in steel production. In an effort to find a solution that can be implemented in the short term, the steel producers thyssenkrupp Steel and Hüttenwerke Krupp Mannesmann are cooperating with the recycling company TSR Recycling GmbH & Co KG under the scientific leadership of VDEh-Betriebsforschungsinstitut GmbH. The REDERS project, Reduzierte CO2-Emissionen durch Erhöhung der Recyclingquote bei der Stahlherstellung, reduced CO2 emissions through increased recycling quota in the steelmaking process is to strengthen the recycling cycle of iron and steel, while reducing the CO2 emissions of thyssenkrupp Steel and Hüttenwerke Krupp Mannesmann. Funding in the amount of 6.4 million euros has now been granted for this circular economy project aimed at conserving resources as part of the Programm für rationelle Energieverwendung, regenerative Energien und Energiesparen, progres.nrw, Programmbereich Innovation, program for rational use of energy, renewable energies and energy saving program section Innovation. The funding by the state of NRW is closely linked to the North Rhine-Westphalia’s initiative IN4climate.NRW.

The innovative manufacturing process developed by TSR produces a novel certified product from conventional starting materials - i.e. consumer scrap which permits use in the blast furnace and an increase in the proportion of recycled material in the converter process. CO2 emissions can thus be significantly reduced by increasing the share of recycled material in the steelmaking process.

Through the use of the recycled product, the amount of injection coal and the coke consumption in the blast furnace can be reduced: The use of one tonne of the recycled product can thus save about one tonne of CO2. In the converter, it would be a reduction of 1.7 tonnes of CO2 per tonne of recycled material used. Thereby, the project complements the transformation paths pursued by thyssenkrupp Steel and HKM towards climate-neutral steel production.

It is expected that regular use of the recycled material produced with the new process will begin in the autumn of 2022.

Source - Strategic Research Institute

voda 23 augustus 2021 07:48

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TERI Study on Green Steel in India by Hydrogen Direct Reduction

India’s The Energy & Research Institute’ policy brief analyses the role of steel production through low carbon hydrogen technology as India moves on the path of balancing its development goals with its climate action targets. This policy brief thus looks at how using low carbon hydrogen for direct reduction, paired with electric arc furnaces powered by renewable electricity, can help Indian steel industry produce green steel. It highlights the potential of green hydrogen technologies and their sustainability in the Indian context. It also analyses the scale of emission reduction that is possible in the steel sector upon using zero or low carbon hydrogen and suggests recommendations for advancement in the said technology.

In any thriving economy pushing for greater growth, steel has a crucial role to play. However, while iron and steel are amongst the driving forces of progress, these sectors are also one of the most energy and resource intensive. With sustainability and green growth being the key focus of India as it moves forward with its development goals, a rapid growth of steel demand, using conventional production methods will not be in line with the nation’s Nationally Determined Contribution targets.

Steel and iron sectors globally result in almost 7% of total CO2 emissions. This in light of the findings of the 2021 report of Intergovernmental Panel on Climate Change asks for radical changes in technologies required for iron and steel production to make the process greener and more sustainable.

Source - Strategic Research Institute

voda 23 augustus 2021 07:50

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US ITC votes to keep AD & CVD on Seamless Pipes from China

The US International Trade Commission has determined that revoking the existing antidumping and countervailing duty orders on imports of certain seamless carbon and alloy steel standard, line, and pressure pipe from China would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time. As a result of the ITC’s affirmative determinations, the existing orders on imports of this product from China will remain in place.

This action came under the five-year (sunset) review process required by the Uruguay Round Agreements Act. The five-year (sunset) reviews concerning Certain Seamless Carbon and Alloy Steel Standard, Line, and Pressure Pipe from China were instituted on February 1, 2021. On May 7, 2021, the Commission voted to conduct expedited reviews. Commissioners David S. Johanson, Rhonda K. Schmidtlein, Jason E. Kearns, Randolph J. Stayin, and Amy A. Karpel concluded that the domestic group response was adequate and the respondent group responses were inadequate and voted for expedited reviews.

Source - Strategic Research Institute

voda 23 augustus 2021 07:51

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Tata Motors Signs MoU Set Up Vehicle Recycling Plant in Ahmedabad

Tata Motors has entered into a Memorandum of Understanding with the Government of Gujarat, through the Ports and Transport Department, to support setting up a Registered Vehicle Scrapping Facility in Ahmedabad, for end-of-life passenger and commercial vehicles. The scrappage centre will have the capacity of recycling up to 36,000 vehicles a year.

Ports and Transport Department will support in facilitating the necessary approvals as per the rules and regulations of the State Government of Gujarat and the draft vehicle scrappage policy released by the Ministry of Road Transport and Highways for setting up of the RVSF. It will address the intent of all stakeholders with benefits such as low import bill for scrap and crude oil, job opportunities for MSMEs, the possibility of upside in new vehicle sales for OEMs, low operation cost for vehicle owners, safer and cleaner vehicles for consumers and a sustainable environment for all. Tata Motors will set up the scrapping centre in association with a partner.

Source - Strategic Research Institute

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