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voda 12 juli 2022 06:47

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LIBERTY Welcomes Policy Recommendations for Steel Decarbonisation

Strategic Research Institute
Published on :
12 Jul, 2022, 4:47 am

LIBERTY Steel Group has announced the launch of the second phase of its major policy partnership with thought-leading organizations in the spheres of environment and policy-making. The reports published today with environmental think tank Green Alliance and centre right political think tank Bright Blue in association with LIBERTY Steel, say that UK Government has a clear set of new policy steps it can take to decarbonize the UK steel sector by 2035.

The reports follow on from the Prospectus for GREENSTEEL, published by the three organizations with the University of Sheffield Advanced Manufacturing Research Centre at last year’s COP26 in Glasgow, highlighting the role that steel making and products made from steel can play in the drive to net zero, with a competitive operating environment and the right policy incentives in place.

Following the Government’s significant move to extend steel safeguards, the reports set out ideas to transform and decarbonize the UK steel industry, especially in tackling high energy costs and creating the right environment for no regrets investment urgently needed in low carbon electric arc furnaces.

Political focus and consensus is growing around steel’s importance to the UK’s industrial and economic future. These reports build on the partnership’s Prospectus for GREENSTEEL launched at COP26, and aim to develop a resilient steel industry which can supply manufacturing, construction and infrastructure businesses across the country.”

Green Alliance - Building the Future: Faster Route to Clean Steel

Bright Blue - A Carbonless Crucible: Forging a UK steel industry

voda 12 juli 2022 06:47

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India Allows Export & Import Settlements in Indian Rupees

Strategic Research Institute
Published on :
12 Jul, 2022, 4:48 am

India's central bank and regulatory body responsible for regulation of the Indian banking system the Reserve Bank of India announced that in order to promote growth of global trade with emphasis on exports from India and to support the increasing interest of global trading community in INR, it has been decided to put in place an additional arrangement for invoicing, payment and settlement of exports & imports in INR. The above instructions shall come into force with immediate effect. The broad framework for cross border trade transactions in INR under Foreign Exchange Management Act 1999 is as delineated below

1. Invoicing: All exports and imports under this arrangement may be denominated and invoiced in Rupee

2. Exchange Rate: Exchange rate between the currencies of the two trading partner countries may be market determined

3. Settlement: The settlement of trade transactions under this arrangement shall take place in INR in accordance with the procedure laid down

In order to allow settlement of international trade transactions through this arrangement, it has been decided that

1. Indian importers undertaking imports through this mechanism shall make payment in INR which shall be credited into the Special Vostro account of the correspondent bank of the partner country, against the invoices for the supply of goods or services from the overseas seller or supplier

2. Indian exporters, undertaking exports of goods and services through this mechanism, shall be paid the export proceeds in INR from the balances in the designated Special Vostro account of the correspondent bank of the partner country

The export & import undertaken and settled in this manner shall be subject to usual documentation and reporting requirements. Letter of Credit and other trade related documentation may be decided mutually between banks of the partner trading countries under the overall framework of Uniform Customs and Practice for Documentary Credits and incoterms. Exchange of messages in safe, secure, and efficient way may be agreed mutually between the banks of partner countries.

Before putting in place this mechanism, AD banks shall require prior approval from the Foreign Exchange Department of Reserve Bank of India.

voda 12 juli 2022 06:48

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bp & thyssenkrupp Steel Ink MoU for Decarbonisation of Steel

Strategic Research Institute
Published on :
12 Jul, 2022, 4:49 am

Global Oil & Gas giant bp and Germany’s largest steel maker thyssenkrupp Steel have signed a memorandum of understanding focused on the development of long-term supply of low carbon hydrogen and renewable power in steel production, helping accelerate the steel industry’s wider energy transition. The companies will explore supply options for both blue and green hydrogen, as well as power from wind and solar generation through the use of power purchase agreements. The companies also intend to jointly advocate for policies that will support the development of low carbon hydrogen and the growth of green steel in Europe.

Thyssenkrupp Steel accounts for 2.5% of C02 emissions in Germany, mainly at the Duisburg site where the main emitters, the blast furnaces, are operated. By replacing the coal-fired blast furnaces with direct reduction plants where iron ore is reduced with low-carbon hydrogen, Thyssenkrupp Steel intends to make steel production climate-neutral in the long term.

Steel accounts for 8 to 11% of global C02 emissions. It is essential for the automotive and construction industries and for the manufacturing of industrial machinery. It also forms the foundation for a string of Decarbonisation technologies, including wind turbines, generators and smart power grids.

Thyssenkrupp Steel currently produces 11 million tonnes of crude steel per year and is targeting the production of 400,000 tonnes of C02-reduced steel by 2025.

bp is working to pursue green hydrogen production at its refineries in Lingen in Germany, Rotterdam in the Netherlands and Castellon in Spain. It is developing both blue and green hydrogen production projects around the world, including in the UK and Australia.

voda 13 juli 2022 06:33

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Molla Orders GLF Forging Press from Schuler Subsidiary Farina

Strategic Research Institute
Published on :
13 Jul, 2022, 5:16 am

The rings and bevel gears produced by the Italian manufacturer Molla in Solbiate Arno in Varese for construction and agricultural machinery as well as trucks have a diameter of up to one meter. Several forging presses from Schuler's subsidiary Farina are also used in this process. Following successful preliminary acceptance, a further 10,000 tonne GLF line will be on its way to the customer this summer. This is already Molla's sixth order, which in addition to this press also includes another two with press capacities of 6,000 tonnes and 1,000 tonnes each. The three machines form a forging cell for preforming, deburring and finish forging of the rings. In this way, Molla is increasing its production capacity and preparing for future market requirements.

Farina's GLF series uses a york stroke system. The press force of the machines, which have particularly high structural rigidity as well as a low press height above floor level, ranges from 750 tonnes to 10,000 tonnes. They also allow the use of off-center dies and, in addition, reduce the burr thickness in the forged parts produced.

Molla specialized in the production of hot-rolled steel rings as early as the 1960s. Founded in 1942, the family business is now run by the third generation. In addition to numerous forging presses, the company also has several heat treatment and rolling lines of its own.

voda 13 juli 2022 06:37

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US Decides AD Duty Margins for Circular Pipes from the UAE

Strategic Research Institute
Published on :
13 Jul, 2022, 5:17 am

The US Department of Commerce has determined that United Arab Emirates producers & exporters subject to administrative review for Circular Welded Carbon-Quality Steel Pipe made sales of subject merchandise at prices less than normal value during the period of review 1 December 2019 through 30 November 2020. US DoC made certain changes to the preliminary weighted-average margin calculations for Ajmal, Universal and the non-examined companies. For the final results, Commerce calculated estimated weighted-average dumping margins for Ajmal and Universal that are not zero, de minimis, or based entirely on facts otherwise available. Accordingly, Commerce has continued to calculate the rate for companies not selected for individual examination using a weighted average of the margins calculated for Ajmal and Universal, weighted by each respondent's publicly ranged total US sales quantity. US DoC assigned the following weighted-average dumping margins to the firms listed below

Ajmal Steel Tubes & Pipes Ind - 2.27%

Universal Tube & Plastic Industries – 3.54%

Conares Metal Supply Limited - 2.77%

TSI Metal Industries - 2.77%

KD Industries Inc - 2.77%

This review covered five producers & exporters and US DOC selected two respondents for individual examination Ajmal Steel Tubes & Pipes Ind and Universal Tube & Plastic Industries. The producers & exporters not selected for individual examination are Conares Metal Supply Limited, TSI Metal Industries and KD Industries Inc.

The merchandise subject to the order is welded carbon-quality steel pipes and tube, of circular cross-section, with an outside diameter not more than nominal 16 inches (406.4 mm), regardless of wall thickness, surface finish, end finish, or industry specification, and generally known as standard pipe, fence pipe and tube, sprinkler pipe, or structural pipe, although subject product may also be referred to as mechanical tubing.

The products subject to this order are currently classifiable in Harmonized Tariff Schedule of the United States (HTSUS) statistical reporting numbers 7306.19.1010, 7306.19.1050, 7306.19.5110, 7306.19.5150, 7306.30.1000, 7306.30.5015, 7306.30.5020, 7306.30.5025, 7306.30.5032, 7306.30.5040, 7306.30.5055, 7306.30.5085, 7306.30.5090, 7306.50.1000, D 7306.50.5030, 7306.50.5050, and 7306.50.5070.

voda 13 juli 2022 06:38

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LIBERTY Ostrava Orders Two EAFs from Danieli for Green Steel

Strategic Research Institute
Published on :
13 Jul, 2022, 5:22 am

LIBERTY Steel Group has contracted Danieli to supply two Danieli Digimelter that will reduce LIBERTY Ostrava’s emissions by over 80% by 2027. To be installed at the Ostrava steelworks in Czech Republic, and to start in 2025, the two Digimelters selected by LIBERTY Steel will have a combined capacity of 3.2 million tonnes per year. Starting from 2027, thanks to an enhanced electrical network, the furnaces will be able to melt HBI, DRI and scrap mixes, and up to 100% scrap, by fully exploiting Digimelter benefits.

The patented Q-One power feeders that control arc current and voltage provide efficient and stable power delivery to the Digimelter units. In addition to benchmark performances in terms of power-on and electrode consumption, Digimelter powered by Q-One also ensures an almost negligible impact on the power network. Thanks to Q-One, Danieli Digimelter is hybrid by design and allows the direct use of renewable energies.

In the initial phase of the project the two 200 tonnes Digimelters will replace Ostrava’s existing four tandem steelmaking oxygen converters and perform decarburization with flexible inputs of hot metal and scrap charges ranging from 80-20% to 60-40%.

voda 13 juli 2022 06:39

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247TailorSteel to Expand Service Center in Netherlands

Strategic Research Institute
Published on :
13 Jul, 2022, 5:17 am

European steel service center 247TailorSteel, after announcing the construction of factory in Belgium, is expanding further in the Netherlands and will be opening a second production location in Oud Gastel near Roosendaal. It will be the largest production location of 247TailorSteel until now. The factory will be realised in an existing building at the industrial site. To achieve this, the premises will first be renovated so that they are in line with the innovative concept of 247TailorSteel. Renovation activities have already started and the location is expected to be operational in the first quarter of 2023.

The 25,000 square meters factory will be built on a site of 40,000 square meters and will eventually employ 270 people. 247TailorSteel has its very own machinery, which will be gradually expanded to include sixteen laser cutting machines, ten tube lasers and twelve bending machines.

This step will help us to realise our growth ambitions and reinforce our local presence. Our company operates more than 50 laser-cutting machines and more than 30 bending machines on a total floor area of 115,000 square meters. 247TailorSteel has set its sights on strong European growth

This is 247TailorSteel’s sixth site in Europe, following factories in Varsseveld in Netherlands, Hilden, Oyten & Langenau in Gemany and Hooglede in Belgium. Besides the above-mentioned locations, plans are also being made for a factory in Austria and another factory in Germany. A total of ten production sites should be in operation by 2025.

The factories of 247TailorSteel not only feature the latest laser machines, but also offer a clean and orderly working environment with many green trees and high-tech automation. Internal logistical processes are performed by AGV’s (automated guided vehicles), which automatically transport metal sheets and tubes to the support arm of laser cutting machines. In addition, solar panels have been installed on the roof of the factory.

voda 13 juli 2022 06:40

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Residents Oppose Proposal to End Monitoring of Formosa Steel Plant

Strategic Research Institute
Published on :
13 Jul, 2022, 5:23 am

Radio Free Asia Vietnam has reported that Vietnam’s Ministry of Natural Resources & Environment has proposed Vietnam’s Prime Minister Mr Ph?m Minh Chính to stop a special supervision mechanism for the Taiwanese owned Hung Nghiep Formosa Ha Tinh steel factory and switch to a normal monitoring arrangement endingo a heightened level of oversight of a Taiwanese-owned steel plant responsible for the country’s worst-ever environmental disaster more than five years ago. The ministry said it had determined that Formosa had addressed and repaired the detrimental impacts of the spill.

Environmental experts and local residents are objecting to the plan, fearing additional environmental damage by the plant if the current level of oversight is diminished. A woman living near the plant told RFA that she does not understand the ministry’s recommendations, especially because fish and other marine life from the affected areas continue to show effects from the disaster. She said “After 2016 and until now, dead fish sometimes have washed ashore, especially when the waste is discharged, and the amount of live fish is less than before. It occurs a few times every year.”

She added that almost half of the villagers in the area where she lives have developed health ailments from inhaling smoke and foul-smelling gas emitted by the plant.

The April 2016 release of toxic chemicals, including cyanide, polluted the coastline of four provinces over a total area of about 200 kilometers, killing an estimated 115 tonnes of fish and harming the livelihoods of hundreds of thousands of Vietnamese, including fishermen and tourism industry workers. Formosa Plastics Group acknowledged the spill came from its massive steel plant located at a deep-water port in Ha Tinh province’s Ky Anh district. The company offered USD 500 million in compensation after a Vietnamese government investigation determined that incident caused considerable environmental damage.

Formosa Ha Tinh Steel Corporation is a steel plant established in the Vung Ang Economic Zone in Vietnam by the Hung Nghiep Formosa Ha Tinh Steel Company under the backing of the Taiwanese conglomerate Formosa Plastics Group. Development of the plant began in the 2010s. Steel production started in May 2017.

voda 13 juli 2022 06:40

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Outokumpu Divests Majority of Long Product Business to Marcegaglia

Strategic Research Institute
Published on :
13 Jul, 2022, 5:23 am

Finland headquartered stainless steel giant Outokumpu has signed an agreement to divest the majority of the Long Products business operations to Marcegaglia Steel Group to focus on its core business of flat stainless steel products.Outokumpu President & CEO Mr Heikki Malinen said “This divestment marks the accomplishment of the turnaround program for the Long Products business in the past two years. With Marcegaglia, we have found a responsible and committed owner to develop Long Products business even further. The sale is a natural step for Outokumpu in line with our strategy to focus on our core business, stainless steel flat products.”

The sales of Long Products accounted for approximately 8% of the Outokumpu Group's sales in 2021. The transaction includes Long Products melting, rod and bar operations in Sheffield in UK, bar operations in Richburg in US and wire rod mill in Fagersta in Sweden. The transaction does not include Outokumpu Long Products AB operations in Degerfors and Storfors in Sweden. Approximately 650 employees in Sheffield, Richburg and Fagersta will transfer to the buyer as a part of the transaction. Outokumpu Long Products AB’s units in Degerfors and Storfors in Sweden continue their operations for now as part of the Outokumpu Group, and different options are to be evaluated for the future of the units.

The total consideration on a debt and cash free basis amounts to EUR 228 million implying an EV Adjusted 2021 EBITDA multiple of 4.9x. In the January–September 2022 interim report, Outokumpu will classify its Long Products businesses to be divested as assets held for sale, report the businesses as a discontinued operation and based on preliminary assessment, impairment of some EUR 50 million would be recognized, subject still to final review.

Outokumpu expects to complete the divestment by the end of this year. The completion of the transaction is subject to customary closing conditions and regulatory approvals by the competition authorities and requires for instance internal structuring before completion. The transaction will be carried out as a share sale.

voda 13 juli 2022 06:42

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Chromium 6 Found in Groundwater at Tata Steel Netherland

Strategic Research Institute
Published on :
13 Jul, 2022, 5:24 am

The Volkslkrant reported that the North Sea Canal Area Environmental Agency has found toxic & carcinogenic substance Chromium 6 was recently found in groundwater on the site of steel manufacturer Tata Steel in Netherland and has has instructed Tata Steel to investigate as quickly as possible where this substance comes from and the extent of the contamination. The regulator wants Tata Steel to now investigate the effects and risks in the 'ecological area' and to rule out the possibility that the toxic, carcinogenic substance has spread to other areas via the groundwater.

According to the GGD, there is currently no health risk because the substance is underground and no drinking water is extracted. As a result, there is now no question of exposure to Chromium 6.

Tata Steel Netherland has been under fire for years because of the pollution and health problems that the company poses to the environment. The local residents therefore keep a close eye on pollution and every incident. For example, the Frisse Wind foundation, set up by concerned local residents from the Kennemerland region, installed a webcam a few months ago that permanently films the steel manufacturer's site. Last weekend, those images showed enormous smoke development at the so-called Kooksfabriek 2. Shortly afterwards, Tata Steel tweeted that 'a small fire' had indeed taken place and that there had been smoke development 'for a short time'. The clouds moved over the area. According to Sanne Walvisch of the Frisse Wind foundation, the smoke development was enormous.

voda 13 juli 2022 06:43

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AMNS India to Investing in Zero Liquid Discharge Project at Hazira

Strategic Research Institute
Published on :
13 Jul, 2022, 5:24 am

Arcelor-Mittal Nippon Steel India has announced INR 273 crore investments for zero liquid discharge into the Tapi estuary in Surat district from its steel plants at Hazira. While the 14 km-long zero liquid discharge system is being set up at an investment of INR 77 crore, INR 173 crore has been earmarked for the initial phase of an environment improvement roadmap plan, apart from INR 12 crore for planting 360,000 trees in the Hazira plant complex. AM/NS India Executive Director Mr Santosh Mundhada said "AMNS is committed to the best environmental norms and adopting green practices at our Hazira plant. We have undertaken various environmental improvement related projects which are in line with the global steel manufacturing standards.”

The zero liquid discharge system will cover the entire Hazira plant, and is aimed at eliminating liquid waste by enabling reuse of the entire treated effluent with RO units. Contracts related to civil works and other contracts have already been awarded, and the system is expected to be completed by March 2023. The plants covered in the first phase include Steel Making Plants 1 & 2, Hot Strip Mill, CRM-DSC, ASU, DRI 5-6, COREX 1-2, Plate mill and INOX cryogenic Air Separation Unit.

Bijlage:

voda 13 juli 2022 06:46

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UK Steel Industry Sets Out Vision for Net Zero Transition

Strategic Research Institute
Published on :
13 Jul, 2022, 5:25 am

To create a Net-Zero steel sector in the UK and meet Government targets, a new report from UK Steel calls for a renewed focus on establishing a positive policy environment for steelmaking.

UK Steel Director General Mr Gareth Stace said “This landmark report by the steel sector, developed in collaboration with our partners in Government and the trade unions, demonstrates the scale of opportunity to seize. Delivering Net Zero in this strategic sector is a generational challenge which will need far-sighted support from Government and a positive policy environment to achieve. As we look ahead to a change in Government, it is essential that the current focus on our sector is not dropped. No steel sector or steel company in the world has yet successfully decarbonised. There is a first-mover opportunity for the UK to become the first steel sector which delivers on Net Zero. If we accomplish this, we will transform almost 35,000 steel jobs into green jobs. These roles already underpin communities that have made steel for a century. By moving them to green jobs, we secure the future of these local economies for the long term and support high-paying jobs in areas that have historically suffered from a lack of investment. We can ensure that Teesside, Scunthorpe, and South Wales can lead the world in Net Zero steelmaking.

Mr Stace said “There is not one single technology to decarbonise, but a range, including electrified steelmaking, carbon capture and storage and hydrogen. We export much of our scrap steel only to reimport it, meaning there is fertile ground for electric arc steelmaking. Our location near the North Sea means we are perfectly placed to harness cost-effective carbon capture and storage steelmaking. In the future, hydrogen-based steelmaking may also become more attractive.”

He added “The challenges for the steel sector, therefore, are our existing high industrial electricity prices. These, which strangle investment, currently sit far higher than our European competitors. If a steel company is to invest in the costly transition to Net Zero steelmaking, we must ensure that the UK’s policy environment does not disincentivise but encourages it. Additionally, while Net Zero steel is a hugely exciting opportunity and has been welcomed across the board, currently, there does not exist a market for it, with prices being set regardless of the environmental impact. The UK Government must work to establish a market for Net Zero steel, supporting the emerging products and ensuring that UK steelmakers can compete in the short as well as the long term. Finally, there is a stark choice on carbon leakage. Some argue that to bring down our emissions, we simply import our steel. Such a choice would be devastating to steelmaking communities and do nothing to bring down global carbon emissions. We cannot offshore our emissions and hope that others will do the decarbonisation. We must have a steel sector that is prosperous, decarbonised, and domestic.”

Mr Stace concluded “Our report sets out how we want to work with Government in a partnership to deliver a steel sector fit not just for today, but for the future. The current administration is making real, tangible progress on this. The next Prime Minister should accelerate the progress already made to deliver on its Net Zero goals, for sectors like steel. The future of the steel industry in the UK depends on it.”

voda 13 juli 2022 08:00

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India allows international trade settlement in rupees
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The Reserve Bank of India (RBI) has enabled international trade settlements between India and other countries to be carried out in rupees, effective 11 July, including transactions with Russia and Sri Lanka.

This move is aimed at easing steel and coking coal transactions between India and Russia, sources tell Kallanish.

However, neither the RBI nor the steel ministry has commented on the Russian angle.

“In order to promote growth of global trade with an emphasis on exports from India and to support the increasing interest of the global trading community in INR, it has been decided to put in place an additional arrangement for invoicing, payment, and settlement of exports/imports in INR,” RBI informs in a circular. “Before putting in place this mechanism, AD banks [authorised dealer banks] shall require prior approval from the Foreign Exchange Department of Reserve Bank of India, Central Office at Mumbai.”

According to the RBI, the export/import undertaken and settled in this manner will be subject to usual documentation and reporting requirements. Letters of credit and other trade-related documentation may be decided mutually between banks of the partner trading countries under the overall framework of Uniform Customs and Practice for Documentary Credits (UCPDC) and incoterms.

Indian exporters may receive advanced payment against exports from overseas importers in Indian rupees through the above Rupee Payment Mechanism, it adds.

“Russia enjoys a trade surplus with India,” says financial market expert and professor Ananth Narayan. “Having foreign currency assets captive in rupee might appeal to Russia and India.”

Following the invasion of Ukraine by Russia, India has imported a large quantity of coking coal and steel from Russia. The RBI mechanism will allow Russia to place its product in India without using established international payment mechanisms that operate in dollars. This is especially the case after transactions from and with Russia were banned from SWIFT.

Sayed Aameer India

voda 14 juli 2022 06:51

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Tenova’s Pomini Digital Texturing Sets PCR Standard for Machines

Strategic Research Institute
Published on :
14 Jul, 2022, 6:09 am

Castellanza Lombardy Italy based leading developer and provider of sustainable solutions for the green transition of the metals industry Tenova has taken a further step to reinforce its commitment to a more sustainable industry. World leader in the production of Roll Grinders and Fully Automated Roll Shops Pomini Tenova has defined the Product Category Rules to standardize the Life Cycle Assessment of metal finishing machines.

In 2021, the Pomini Digital Texturing system, an innovative technology for roll texturing, received the Environmental Product Declarations certification, as positive result of the auditing for its Life Cycle Assessment analysis, the first study of this kind in the sector of metal finishing machines. Subsequently, thanks to the experience gained through the LCA activity, the company led the definition of the PCR rules, requirements, and guidelines to develop a high-quality EPD for a specific product category, ensuring that functionally similar products are assessed and compared in the same way when conducting the LCA2.

Techint Group’s Tenova is a worldwide partner for sustainable, innovative and reliable solutions in the metals and also through the well-known TAKRAF and DELKOR brands in the mining industries.

voda 14 juli 2022 06:52

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Tenaris Bags American Axle & Manufacturing’s Supplier Award

Strategic Research Institute
Published on :
14 Jul, 2022, 6:09 am

Leading seamless pipe maker Tenaris has been recognized by the American Axle & Manufacturing as a best supplier in the launch category, for the supply of axle tubes under a tight timeline to their new production facility in Mexico. American Axle & Manufacturing is a company that designs, engineers, manufactures, and supplies driveline and metal forming products for vehicles. The company recognized its key suppliers during its 28th Supplier Day ceremony in Detroit, Michigan, with a Supplier of the Year and Supplier Excellence awards.

A team of American Axle & Manufacturing associates from its global procurement, product engineering, supplier quality, manufacturing and supply chain management evaluated and selected this year's awards based on the company’s scorecard rating of its suppliers' delivery performance, product quality, launch execution and technology leadership.

Since its opening, around sixty years ago, Tenaris’s Tamsa facility has been committed to providing high-quality products and excellent customer service to meet the high standards that the automotive market demands.

The automotive sector accounts for 17.6% of Mexico’s manufacturing sector, making it the second largest automobile manufacturing nation in the western hemisphere, after the US. In addition to its principal products for the auto sector, Tamsa operates a research and development center to advance its product development and offer customers increasingly efficient and innovative products.

voda 14 juli 2022 06:53

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USITC Keeps AD Duty on Corrosion-Resistant Steel from 5 Countries

Strategic Research Institute
Published on :
14 Jul, 2022, 6:10 am

The US International Trade Commission has determined that revoking the existing antidumping and countervailing duty orders on imports of corrosion resistant steel products from China, India, Italy, South Korea, and Taiwan would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time. As a result of the Commission’s affirmative determinations, the existing orders on imports of this product from China, India, Italy, South Korea and Taiwan will remain in place. Weighted average dumping margins

India – 4.43%

Italy -92.12%

China -209.97%

Korea – 8.75%

Taiwan - 10.34%

This action comes under the five-year sunset review process required by the Uruguay Round Agreements Act. The sunset review concerning Corrosion-Resistant Steel Products from China, India, Italy, South Korea and Taiwan was instituted on 1 June 2021.

The Uruguay Round Agreements Act requires the Department of Commerce to revoke an antidumping or countervailing duty order, or terminate a suspension agreement, after five years unless the Department of Commerce and the USITC determine that revoking the order or terminating the suspension agreement would be likely to lead to continuation or recurrence of dumping or subsidies and of material injury within a reasonably foreseeable time.

voda 14 juli 2022 06:54

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Simplex Coke & Refractory Expanding Footprints

Strategic Research Institute
Published on :
14 Jul, 2022, 6:10 am

ANI reported that Porbandar Gujarat based merchant metallurgical coke maker Simplex Coke & Refractory is expanding its footprints in India and aims to merge innovation and technology to get global recognition in the metallurgical coke industry. Simplex Coke & Refractory Founder Mr Vatsal Agarwaal said “We have tied up with 7 coke manufacturers to build a pan-India presence and aim to expand our operations and have a truly global presence. Our mission has been to see the country become independent from importing metallurgical coke from other nations. We want to put India on the world map of the Coke industry and thus have a long way to go.”

Simplex Coke & Refractory is the major merchant producer and trader of met coke in North and Western India with a modest turnover of INR 4 crores that increased to INR 100 crores in a span of merely 4 years. Simplex Coke & Refractory, established in 2011, has a coke-manufacturing unit in Porbandar in Gujarat, with a pusher-type, fully mechanized plant.

voda 14 juli 2022 06:55

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Nucor Warehouse Systems Combines Hannibal & Elite Storage

Strategic Research Institute
Published on :
14 Jul, 2022, 6:11 am

Rack manufacturer Hannibal, which was acquired by Nucor Corporation in 2021, is now known as Nucor Warehouse Systems, North America’s largest pallet rack manufacturer with coast-to-coast manufacturing and integration services. Nucor Warehouse Systems combines the legacy and expertise of Hannibal and Elite Storage Solutions material handling companies with the breadth and depth of Nucor Corporation, a major manufacturer of steel and steel products. Nucor Warehouse Systems offers everything necessary to build a warehouse from end-to-end. Nucor offerings include insulated panels, overhead doors, metal buildings and mezzanines. These resources, coupled with existing design, project management, permitting, engineering, contracting and installation services allows Nucor Warehouse Systems to provide support at every step.

Hannibal Industries has manufacturing facilities in Los Angeles and Houston, as well as three distribution centers. It utilizes sheet and bar steel, as well as steel decking, wire deck and fasteners to produce its racking solutions, providing potential supply chain efficiencies with other Nucor businesses. In addition to manufacturing racking solutions, Hannibal Industries works closely with customers during the construction and design phases of a warehouse build-out by offering turn-key services such as installation, procurement and facility integration.

In order to best serve the company’s existing customer base, the shift to the new branding will be gradual over the rest of 2022, Nucor acquired Hannibal in a USD 370 million deals announced July 2021, while Nucor purchased Elite Storage Solutions earlier this year in a USD 75 million deal.

Nucor is North America’s most diversified steel products company. Nucor has more than 30,000 teammates across 300 locations with a family of companies offering a full range of products and services.

voda 14 juli 2022 06:55

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Reibus Launches Online Learning Resource Steel Foundations

Strategic Research Institute
Published on :
14 Jul, 2022, 6:11 am

Leading independent marketplace and solutions provider for industrial metals Reibus International has announced the launch of Steel Foundations, an open course explaining how steel is made. Steel Foundations is the first learning resource for Reibus U, new platform for helping people learn across the metals industry. The course features 40 lessons, organized into five modules of the steel production process: ironmaking, steelmaking, secondary refining, casting, and shaping & treating. The course features more than 30 videos, along with supporting audio and text guidance.

Steel Foundations enrolled users will earn a certificate once they’ve successfully completed the course.

Headquartered in Atlanta in Georgia, Reibus International Inc is a privately held technology and services provider in the Industrial Metals industry. Their marketplace is the leading independent digital platform for buying and selling steel and other metals.

voda 14 juli 2022 06:56

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Altex Tube to Break Ground for Tube Mill at Columbus

Strategic Research Institute
Published on :
14 Jul, 2022, 6:12 am

The Mississippi Development Authority announced that Altex Tube LLC is locating a new manufacturing plant in Steel Dynamics campus in Golden Triangle Industrial Park in Columbus in Mississippi to manufacture black and galvanized steel tubing in various sizes using coil products produced by Steel Dynamics Inc at investments of nearly USD 110 million. A groundbreaking will take place on 14 July with Mississippi Governor Tate Reeves, company officials and local dignitaries in attendence.

Construction will be underway this summer, and manufacturing will commence in mid-2023 with the second phase of the project also set to begin in 2023.

The Mississippi Development Authority is providing assistance for site preparation. Lowndes County and the city of Columbus are assisting with the project, as well.

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