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voda 6 oktober 2021 07:47

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GMS Market Commentary on Ship Breaking in Week 39

Strategic Research Institute
Published on :
06 Oct, 2021, 5:37 am

World's leading cash buyer of ships for recycling GMS said that “The sub continent recycling markets seem to be traversing an undecided phase, where steel plate price volatility has been the key driving force behind the recent shakiness in the markets. This week, while Indian plate prices made some incredible gains as the week ended, both Pakistan and Bangladesh have reported declines of their own, whilst the Turkish market at the far end, wound up the week with a small improvement of their own.”

GMS said “We continue to see wet tonnage being proposed into the various markets, but no market sales have reportedly been confirmed yet, on the back of wavering levels from the market leaders (i.e. Bangladesh and Pakistan), where Owners are still trying to conclude units at last week’s levels.”

GMS added “As such, it has been a quieter overall week in the industry.”

GMS Pricing

India/Bangladesh/Pakistan – Week 40, Unchanged

Dry Bulk – USD 560-590 per LDT

Tankers - USD 570-600 per LDT

Containers - USD 580-610 per LDT

The GMS Weekly Ship Recycling Report marked an incredible milestone as it celebrates its 1,000th issue last week.

voda 6 oktober 2021 07:50

0

Saarstahl Ascoval’s Low Carbon Steel Billets Reach Burbach Mill

Strategic Research Institute
Published on :
06 Oct, 2021, 5:40 am

Saarstahl announced that the first shipment of steel with low carbon footprints from Saint-Saulve France based subsidiary Saarstahl Ascoval has arrived at the Burbach works in Germany. Production with the electric arc furnace at Saarstahl Ascoval combines recycling management with a new manufacturing technology using carbon-neutral electricity. This produces steel that significantly reduces the ecological footprint of the products. This technology also opens up the opportunity for Saarstahl to offer a broader range of products in the future. These billets would be rolled into wire rods and delivered to customers in the construction industry.

With the first delivery of carbon-reduced steel from Saint-Saulve to Saarland, a further milestone has been reached on the way to decarbonization and the production of carbon-neutral steel. Saarstahl can now offer its first customers climate-friendly steel as the basis for their products and value chains. In the coming months, the application of this steel with the necessary approvals will be extended to other business areas.

The rolling mill, Burbach, the centre of wire-rod production, is located on the Saar in Germany. Its four-strand wire rod mill with a dimensional range of between five and twenty millimetres is one of the leading facilities. For this reason, Burbach, with its broad range of products, is one of the leading manufacturers of drawing qualities in the world. It can produce up to 1.2 million tonnes of wire rod per year.

voda 6 oktober 2021 07:51

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NLMK Improves Corrosion Properties of Galvanized Steel

Strategic Research Institute
Published on :
06 Oct, 2021, 5:42 am

Russian steel maker Novolipetsk Metallurgical Plant has begun shipping a new product for the construction and electrical industries, galvanized steel with a more corrosion resistant and environmentally friendly coating. A thin organic coating is applied to the metal after galvanizing and provides a 3 fold increase in the corrosion resistance of the metal compared to traditional technology. This effect is achieved through the use of anticorrosive pigments based on chemical compounds that are safer than chromium based coatings.

Additional advantages of the new coating are greater resistance to stamping and shaping, better weldability and better paintability of the metal.

The production volume of the new product will be about 100 thousand tonnes per year.

voda 6 oktober 2021 07:52

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SSAB to Deliver Fossil Free Steel to Construction Firm Peab

Strategic Research Institute
Published on :
06 Oct, 2021, 5:46 am

Leading Swedish steel maker SSAB and construction company Peab are to collaborate on fossil-free, high-quality steel. This partnership means that Peab is the first construction company to secure fossil-free steel from SSAB for its construction projects. As part of this partnership, Peab plans to use SSAB’s fossil-free steel in construction projects from 2026 onward. Together, the two companies will also analyze various future possibilities for how fossil-free steel can reduce the climate footprint in the construction industry.

SSAB President & CEO Mr Martin Lindqvist said “We are pleased to welcome Peab as a partner for our fossil-free steel products. Through fossil-free steel collaboration, we contribute to strengthening our customer’s competitiveness and to reducing their carbon footprint. Together, we also strengthen the position for fossil-free steel in the construction industry, while also helping to reduce global carbon dioxide emissions.”

In 2026, SSAB plans to supply the market with fossil-free steel at a commercial scale after a conversion of its Oxelösund blast furnaces into an electric arc furnace and by using HYBRIT technology, which replaces coking coal traditionally needed for iron ore-based steelmaking, with fossil-free electricity and hydrogen. This process virtually eliminates carbon dioxide-emissions in steel production.

SSAB, LKAB and Vattenfall created HYBRIT, Hydrogen Breakthrough Iron making Technology, in 2016, with the aim of developing a technology for fossil free iron and steelmaking.

voda 6 oktober 2021 07:52

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HSBC Makes Blockchain Transaction for AMNS India & Universal Tube

Strategic Research Institute
Published on :
06 Oct, 2021, 5:52 am

ArcelorMittal Nippon Steel India and HSBC India have successfully executed a blockchain enabled, paperless trade transaction. AMNS India tweeted “We have successfully executed a #blockchain enabled, paperless trade transaction with Universal Tube & Plastic Industries, UAE, supported by @HSBC_IN and @HSBC_UAE #DigitalIndia”

AMNS India CEO Mr Dilip Oommen tweeted “We are committed to providing smarter steel solutions for a better world. As a leading steel player in New Digital India, the company is continuously exploring avenues to strengthen its capabilities to automate and digitise the processes. Implementing Blockchain is a step in this direction and gives us a competitive advantage. The future of trade, both international and domestic, is increasingly going to be more dependent on innovations, such as blockchain platforms.”

In the transaction, ArcelorMittal Nippon Steel India sold goods to UAE and Universal Tube and the transaction was end-to-end paperless carried out on a platform built on blockchain technology. It involved digitisation of the end-to-end ''Letter of Credit'' transaction including the e-presentation of trade documents via the interface with essDOCS’ CargoDocs platform.

The LC was issued by HSBC UAE for the importer, Universal Tube and Plastic Industries with HSBC India acting as the advising and negotiating bank for the exporter AMNS India

The use of blockchain technology in trade finance has been instrumental in enhancing transparency and security for all parties. It helps to significantly reduce the document negotiation cycle time from as much as a week to around one day, thereby aiding unlocking of working capital for businesses. Digitisation also reduces costs associated with paper-based documents, reconciliation and streamlining the processing flow. Increasing the velocity of trade, particularly in situations where shipping routes are relatively short is another advantage.

voda 6 oktober 2021 07:53

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SKF Supports CH2ESS for Development of Fossil Free Bearing Steel

Strategic Research Institute
Published on :
06 Oct, 2021, 5:59 am

Leading Swedish bearing and seal manufacturing company SKF is supporting the development of fossil-free bearing steel through collaboration with Lulea University of Technology's CH2ESS initiative. As part of the collaboration, SKF will participate in and fund research within hydrogen use in industrial processes and energy systems, speeding up the development of fossil-free bearing steel. SKF Technology President Victoria Van Camp said "Mechanical components are very important to ensure the function and operation in future hydrogen systems. Together with CH2ESS and its partners, we can contribute in designing robust, reliable hydrogen systems, with the lowest possible impact on the environment and on total cost of operation. This will not only benefit Swedish industry, but also global technology development for the future hydrogen economy."

Research areas will include hybrid ceramic bearings, EVs and other applications, and the development and commercialization of fossil-free bearing steel production. SKF's expertise in fluid machinery, material science, production technology and IoT solutions will actively contribute to the work.

Hydrogen is the key to a fossil-free energy system and CH2ESS, Center for Hydrogen Energy Systems Sweden, a newly established research and knowledge initiative at Lulea University of Technology, is focusing on hydrogen use in industrial processes and energy systems, in close collaboration with Swedish industry.

voda 6 oktober 2021 07:54

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GFG Alliance Launches Legal Action against AIP

Strategic Research Institute
Published on :
06 Oct, 2021, 6:04 am

GFG Alliance has confirmed that it will launch legal action against any attempts by US private equity fund AIP to seize control of the Dunkirk aluminium smelter which is part of GFG’s ALVANCE aluminium business. GFG Executive Chairman Mr Sanjeev Gupta said “AIP have resisted all efforts by GFG to make full repayment of its debt, yet they claim GFG is in default. This is a cynical and predatory effort to try to acquire our business on the cheap. We will fight this with all of our efforts to ensure Dunkirk remains inside our international steel and aluminium group and is able to execute our long-term strategy, to the benefit of all of its stakeholders. Our employees, customers and suppliers deserve better and bolstered by our commercial deal with a market leading partner we remain committed to the reindustrialisation of France.”

Earlier in the year, AIP bought out a portion of the ALVANCE debts from its previous lenders. Early discussions also took place between GFG and AIP regarding a potential future sale of these assets but these discussions were quickly ended by GFG due to certain concerns over the negotiations, and the gross under-market valuation AIP put on the business. At the same time as ending negotiations with AIP in July 2021, GFG announced a full commercial arrangement between ALVANCE and a leading international metal market business. As part of this agreement the international partner agreed to repay AIP in full and provide additional support for the ALVANCE business.

Despite this development, and approaches by GFG to repay AIP the debt it held, AIP took further aggressive action to acquire Dunkirk’s mezzanine debt in the secondary debt market. GFG believes this was all part of a premeditated plan to accelerate the debt payment with a view to immediately enforcing its debt to acquire the assets on the cheap through an aggressive loan-to-own practice common in so-called “vulture” funds. This was despite the fact the funds to repay AIP had been made available since July 2021

For reasons which are now clear AIP has continued to refuse to accept repayment, third party debt purchases or third party refinancing in order to artificially manufacture an enforcement of its debt and seize the assets to try to obtain them at a substantial discount to their market value. Given GFG’s efforts to repay, repurchase or refinance the debt, AIP’s stated position that GFG is in default is incorrect. GFG will take all necessary legal measures to unwind AIP’s actions.

GFG acquired the Dunkirk aluminium smelter in 2018 and integrated the business into ALVANCE creating a leading European integrated aluminium business. Since acquisition GFG has invested over a US$100m in the development of the business, protecting nearly 1,000 jobs, and increasing EBIDTA threefold.

voda 6 oktober 2021 07:55

0

JSPL Reports All Time High Performance in July-September Quarter

Strategic Research Institute
Published on :
06 Oct, 2021, 6:06 am

Jindal Steel & Power Limited has reported robust growth in sales and production in Q2off 2021-22. Jindal Steel & Power Limited's Steel sales volume surged 32% QoQ and 10% YoY to hit a record of 2.13 million tonnes during the quarter. In Q2 of 2021-22 Jindal Steel & Power Limited steel sales have first time breached 2 million tonnes for the quarter. Exports continue to boost sales with share of exports rising to greater than 40% in Q2 of 2021-22 from 34% in Q1 of 2021-22 and 38% in Q2 of 2020-21. Steel production also increased to 1.93 million tonnes in Q2 of 2021-22, posting a modest growth of 5% YoY. Inventory levels continue to decline as sales volume surpassed production for the third consecutive month in September 21.

H1 Sales: 3.74 million tonnes

H1 Production: 3.94 million tonnes

Jindal Steel & Power Limited Managing Director Mr VR Sharma said "JSPL's strength lies in its dedicated team which is defying all odds and continue marching on the growth path. JSPL has now better raw materials security, which will add significant value to the company. One of our Australian coking coal mines is operational and we are expecting the first shipment in November 21. It will reduce our coking coal dependency significantly. JSPL has been shortlisted as preferred bidder for Kasia inOdisha iron ore mine by Government of Odisha which will further enhance our raw material security. We are fully committed and believe in India growth story.”

voda 6 oktober 2021 07:55

0

NUMSA Worker Strike Starts in South African Engineering Sector

Strategic Research Institute
Published on :
06 Oct, 2021, 6:09 am

South Africa’s biggest engineering metalworkers union National Union of Metalworkers of South Africa has launched an indefinite strike on 5 October 2021 seeking pay raises. With around 155,000 members organised in the sector, the National Union of Metalworkers of South Africa has called for a total shutdown of the South Africa’s engineering industry after wage hike talks with employer bodies became deadlocked and arbitration failed. NUMSA said “We are left with no choice but to strike and to withhold our labour indefinitely until the bosses give into our just demands. Today we shut down the engineering sector! We demand a meaningful increase! We demand 8%! We reject 4.4%. We will strike until all demands are met”

In response to NUMSA’s declaration of strike action, Steel and Engineering Industries Federation of Southern Africa had served a notice of a defensive Lock out on 1 October 2021. Steel and Engineering Industries Federation of Southern Africa had said “By virtue of this notice, SEIFSA, on behalf of its Associations, has reserved the rights of the membership to implement a lock-out in response to strike action, should a company wish to do so.In the interim, SEIFSA’s Negotiating Team is continuing to explore all settlement possibilities with organised labour in an endeavour to limit the impact that the strike and lock-out will have on the industry.”

Thereafter, South Africa’s Commission for Conciliation, Mediation and Arbitration Picketing Rules earlier issued Picketing Rules binding the Parties behaviour during the industrial action

Management recognises the right of workers to strike

Management recognises the right of those workers who do not wish to participate in strike action NOT to strike

Acts of intimidation, victimisation and/or forcing employees who do not wish to participate in strike action to do so against their will – witnessed and/or reported to management, will not be condoned or tolerated and the appropriate and necessary disciplinary action will be taken

All acts of damage to company property, witnessed, recorded and/or reported to management will likewise lead to disciplinary action on the grounds of serious misconduct

All absences from work and/or work stations as a consequence of participating in strike action will be treated on the basis of NO WORK; NO PAY

After a deadlock with multiple steel and engineering federations during wage negotiations last month, National Union of Metalworkers of South Africa had announced in September that it would embark on a strike in October after employers, refused to give workers wage increases in round of negotiations in the Engineering sector.NUMSA had deadlocked with all employer associations in Engineering, namely NEASA, SEIFSA, SAEFA and the CEO of the Metals Engineering Industries Bargaining Council.

NUMSA on behalf of its members in the industry is calling on employers to meet demand of an 8% increase across the board for the first year, and CPI + 2% improvement factor for the second and third year. If CPI + 2% falls below 6%, employers must offer 6% or re-open negotiations. But industry body Steel and Engineering Industries Federation of Southern Africa has offered a 4.4% hike for 2021, inflation plus 0.5% in 2022 and inflation plus 1% in the third year.

voda 6 oktober 2021 08:00

0

GM Becomes First Client for Nucor’s New Econiq Net Zero Steel

Strategic Research Institute
Published on :
06 Oct, 2021, 7:21 am

Leading US steel maker Nucor Corporation has announced the launch of Econiq, a line of net-zero carbon steel products. Building the green economy and the necessary infrastructure requires clean, advanced steel products. By introducing Econiq, Nucor is providing confidence for steel consumers to know they are purchasing the lowest greenhouse gas emissions steel product available. A first of its kind at scale for the United States steel industry, Econiq will be available across Nucor's steelmaking product lines, the broadest and most diversified offerings in the US market.

General Motors will receive the Econiq net-zero steel beginning in Q1 of 2022 and it is projected that all steel purchased by GM from Nucor will be net carbon neutral by the end of 2022.

The Econiq brand will be available across the complete line of Nucor steelmaking products and initial quantities will be limited.

Econiq is the world’s first net-zero steel at scale, produced by Nucor. Econiq is not a single product; it is a net-zero certification, which can be applied to any product from Nucor’s steel mills. Net zero means that any GHG emissions released into the atmosphere are balanced by an equivalent amount being removed. Nucor achieved net-zero on Econiq products by using electricity from 100% renewable sources (eliminating Scope 2 emissions) and by purchasing carbon offsets (eliminating Scope 1 emissions).

Scope 1 refers to direct emissions from the steelmaking process. Scope 2 refers to indirect emissions generated while producing the electricity used. Econiq is made using 100% renewable electricity (Scope 2), with Scope 1 emissions eliminated through the purchase of carbon offsets.

voda 6 oktober 2021 09:57

0

Coking coal prices correct but extent unknown: panel
1413 Views

Coking coal prices are starting to come off after reaching record, unsustainable levels on the back of shortages in China’s domestic market, agreed panel participants at Tuesday’s Eurocoke Summit in Amsterdam attended by Kallanish. However, the extent of the correction remains uncertain, as some expect Chinese steel output, which is currently declining, to rebound next spring.

Since China enacted its unofficial ban on Australian coal imports in summer 2020, Chinese coking plants have had to find alternative coal suppliers, which has created tight supply within China and lifted prices. Mongolia, initially touted as Australia’s replacement, has seen supply to China curbed due to infrastructure constrains and Covid-19. Chinese coking coal imports are expected to drop by 26 million tonnes on-year in 2021, said CRU metallurgical coke analyst Luke Peters.

This has created a lucrative arbitrage opportunity for coal suppliers from the US and Canada to sell at high prices into China, while Russian miners have also redirected tonnages there.

Australia, on the other hand, has very successfully found replacement markets to sell its surplus coal into, including India and traditional US coal markets Europe and Brazil, maintaining stable shipments in 2021, pointed out IHS Markit – Inside Coal senior analyst Ranjana von Wendland.

Trade patterns have therefore shifted, but global supply remains tight, seeing premium hard coking coal prices recently peak at $410/tonne fob Australia or $600/t cfr China. This has since come down to $390/t fob Australia, as Chinese coal demand has started tapering off due to steel production restrictions and power shortages.

Von Wendland termed this a “turning point”, adding that Atlantic coking coal buyers are holding off on 2022 purchases on expectations of further softening. Prices will drop further into the first quarter next year and settle at $150-160/t fob in the long run, she added.

H&W Worldwide Consulting principal consultant Dr. Neil Bristow however said coal prices should find some support. This is because Chinese steel demand could bounce back in March next year once the Beijing Winter Olympics and Lunar New Year holidays are over, with the Evergrande saga likely to be resolved by then. Moreover, India is a growing market that will need more coking coal, as will Brazil, while the EU, despite all its talk of green steel, will continue to need coke during its steelmaking transition.

Adam Smith Germany

voda 7 oktober 2021 07:42

0

Salzgitter Flachstahl Makes Change in Automotive Sales Team

Strategic Research Institute
Published on :
07 Oct, 2021, 5:33 am

German steel maker Salzgitter Flachstahl GmbH announced that from October 2021, Dr Ralf Koch has taken over the management of Thorsten Gintaut's automotive industry sales department. Thorsten Gintaut changes to the sister company Ilsenburger Grobblech GmbH as Sales Director.

Dr Ralf Koch, who has been with the company since 1999, has been in charge of the construction industry, household appliances, end-users pipes and gas cylinders division, and will succeed him as sales manager for the automotive industry. Dr Koch is looking forward to the new task and the further development of the business relationship.

Salzgitter Flachstahl said “With the team leaders Isabelle Weiss, Aurelia Götzel, Kristina Hübner and Sebastian Krüger, the continuation of customer support in the automotive industry is guaranteed for the customers in the usual way.”

voda 7 oktober 2021 07:42

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Philippines Terminates Safeguard Measure Probe on Coated Steel

Strategic Research Institute
Published on :
07 Oct, 2021, 5:35 am

Philippine’s Department of Trade and Industry has terminated its preliminary safeguard measure investigation on aluminum zinc sheet and coils, SG Case No. SG03-2020, following the withdrawal of application for tariff protection by petition Sonic Steel Industries Inc. Sonic’s withdrawal was on the ground that DTI-Department Administrative Order, which mandates that all hot dip metallic coated and pre painted galvanized steel coils and sheets for roofing and general applications shall have a minimum total coated thickness of 0.4 mm

DTI said “DAO effectively prohibited the manufacture and sale of all hot-dip metallic-coated and pre-painted GI steel coils and sheets for roofing and general applications, which fall below the said specification. Sonic claimed that the bulk on the surge in importations on which the safeguard measures applications were hinged on are GI, GL, and PPGI-PPGL products which are below 0.4 mm. Thus, the applications for safeguard measure will become an exercise in futility, if not moot and academic, since these items are no longer allowed to be manufactured.”

The investigation was launched on June 15 last year following the complaint by local flat steel producer Sonic Steel Industries, and covered the period from 2014 to 2018.

The products subject to investigation currently fall under the Customs Tariff Numbers 7210.61.11, 7210.61.91, 7210.61.99, 7210.69.11, 7210.69.91, 7210.69.99, 7212.50.19, 7212.50.23, 7212.50.24, 7212.50.29, 7212.50.93, 7212.50.94 and 7212.50.99.

voda 7 oktober 2021 07:43

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SSAB Appoints Ms Leena Craelius as Acting CFO

Strategic Research Institute
Published on :
07 Oct, 2021, 5:38 am

Swedish steel maker SSAB announced that Ms Leena Craelius has been appointed acting CFO at SSAB. She has long experience of the steel industry and has held several senior positions at SSAB. She will take up her new position on November 1, 2021. Ms Leena Craelius is currently vice president of Finance, Controlling and IT at SSAB Europe. She has held several senior positions within Finance and Controlling at SSAB. She joined Rautaruukki in 2005 and has also worked for SSAB Special Steels.

Ms Leena Crealius holds an MBA in Finance from Helsinki School of Economics and a BBA in International Business from Häme University of Applied Sciences.

voda 7 oktober 2021 07:43

0

Berco Improving Environmental Balance at Copparo Plant in Italy

Strategic Research Institute
Published on :
07 Oct, 2021, 5:41 am

ThyssenKrupp announced that leading manufacture and supply of drive systems and components for OEMs and the aftermarket Berco is committed to reducing the environmental impact of its production and has started an optimization process at its plant in Copparo in Italy in order to be able to meet sustainable environmental standards in the years to come. This project is being implemented using a three-year plan, as part of which Berco aims to reduce CO2 emissions by 2,500 tonnes per year and annual gas consumption by 13%. Various energy efficiency measures will lead to an estimated reduction in annual electricity consumption of around 3 million kW/h when the project is completed.

In the first step, the focus was on reducing the energy consumption of all machines in the production lines at the Copparo location. For this purpose, the actual usage of each machine and its relative performance were analyzed. Obsolete, very energy-intensive machines were shut down and, if necessary, replaced by new systems with lower consumption. A new, modular heating system will be put into operation in the coming winter. In order to reduce natural gas consumption in the entire Copparo complex, both in production and for heating (the heating is powered by gas and electricity), Berco decided to replace the central 20 MW thermal power station with a range of modern and decentralized thermal energy sources.

The generation and distribution of compressed air, which is required to a large extent in the various production phases, has always been particularly energy-intensive, measured in kW/h. In this case, too, the company relies on decentralization. The large-scale system with centralized compressors is replaced by several compressors that are relocated directly to the various production areas. Berco expects annual savings of around 2.5% compared to the average consumption of the last three years.

In addition, the decentralized supply of electrical energy enables better use of this, as the new system is tailored to the specific needs of the individual departments. The use of photovoltaic systems is also currently being examined. The various measures in connection with the generation and distribution of compressed air, the conversion of the cooling circuits and the optimization of the power distribution will lead to an estimated reduction in annual power consumption of around three million kW/h after the end of the project.

Berco is a leading global manufacturer and supplier of chassis systems for heavy machinery. The Italian company with over 100 years of experience develops tailor-made solutions for all types of crawler track machines weighing from 1 to 330 tonnes. Berco is one of the market leaders of components for compact crawler loaders and every fifth chain operated construction vehicle is equipped with Berco systems. In the aftermarket, Berco offers drive wheels, idlers, rollers, crawler chains, floor plates and chassis systems. The product portfolio is divided into three product lines: Platinum, Original and Service. Berco's main plant is located in Copparoin Italy, with four other plants in Italy, Brazil and the USA. Berco has been part of the thyssenkrupp group of companies since 1999 and has been part of the Forged Technologies business unit, the world's largest forging company, since 2018.

voda 7 oktober 2021 07:43

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Nucor Fastener Acquires Coil Processing Facility in Indiana

Strategic Research Institute
Published on :
07 Oct, 2021, 5:46 am

US steel maker Nucor Corporation announced that it is expanding its Nucor Fastener division with the acquisition of an existing coil processing facility in Shelbyville in Indiana in US. This facility includes an automated clean and coat line, 2 STC furnaces and wire drawing capabilities. In addition to coil processing, the Company will also be expanding its fastener manufacturing capabilities by installing bolt making equipment at the Shelbyville facility. Adding bolt making capability to the Shelbyville facility will help Nucor expand offerings to the automotive, heavy truck, industrial, MRO and structural fastener markets. Nucor Fastener is already a leader in steel fasteners and this expansion will further enhance that position.

Along with recently announced upgrades at the Nebraska engineered bar mill, this new facility will allow Nucor to better service the automotive cold heading quality market and provide customers with the highest quality products. The Shelbyville facility will allow the Nucor Engineered Bar group to offer processed coil with superior surface quality for the most demanding automotive CHQ applications.

Nucor's Fastener Products are made with 97% recycled content, which is far more sustainable than fasteners produced from blast furnace steel made overseas.

Nucor Fastener is a division of Nucor Corporation. Located in St Joe in Indiana, Nucor Fastener has been operating since 1986 and employs approximately 240 teammates. Nucor Fastener produces alloy steel hex head cap screws, heavy hex bolts and nuts, and Tru-Tension assemblies. Nucor fasteners are used in a broad range of markets, including automotive, machine tool, farm implement, construction and military applications.

voda 7 oktober 2021 07:44

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US Continues CVD on Corrosion Resistant Steel Imports from India

Strategic Research Institute
Published on :
07 Oct, 2021, 5:48 am

The US Department of Commerce has determined that revocation of the countervailing duty order on Corrosion Resistant Steel Imports from India would be likely to lead to the continuation or recurrence of countervailable subsidies. Commerce Department determined that revocation of the CVD order on CORE from India would be likely to lead to the continuation or recurrence of countervailable subsidies at the rates listed below:

JSW Steel Limited and JSW Steel Coated Products Limited - 6.69%

Uttam Galva Steels Limited and Uttam Value Steels Limited -530.74%

All Others - 6.12%

On July 25, 2016, US Department of Commerce had set CVD on CORE from India. The original order had set CVD at 29.49% for JSW Steel and JSW Steel Coated Products, 8% for Uttam Galva, and 18.73% for others. '

In June 2021 Commerce received timely notices of intent to participate from California Steel Industries, Cleveland Cliffs Inc, Nucor Corporation, Steel Dynamics Inc and United States Steel Corporation. The companies claimed interested party status as domestic producers of CORE. On July 1, 2021, Commerce published the notice of initiation of the first sunset review of the CVD order on CORE from India.

voda 7 oktober 2021 07:45

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MMK Metiz Improves Efficiency through Digital Twins

Strategic Research Institute
Published on :
07 Oct, 2021, 5:51 am

Russian steel maker MMK Group’s MMK-METIZ Magnitogorsk Hardware and Calibration Plant is leveraging digitalization by creating digital twins and an interactive dispatching platform. Digital twins are designed for the rope stabilization line, thermo levelling unit No 1 and a complex of drawing mills comprising of 3 pieces of equipment. In the future, it is planned to cover also two cable cars. The system allows monitoring the condition of the equipment and its utilization and remote technological control. The result of its implementation was an increase in labour productivity and the quality of management decisions.

Another direction is the digitalization of labour protection systems using machine vision technologies. Cameras record the entry of workers into hazardous production areas, after which the personnel are alerted. Such a system has been implemented on the line of calibrated rolled products. It helps prevent accidents and injuries online and improves compliance with safety standards.

Another promising area is the robotization of business processes using RPA software robotization technology. This project was implemented jointly with the Center for Robotics Technologies Next, based on the basis of MMK-Informservice. Within the framework of the pilot project, the specialists implemented the process “Preparation of documents for the registration of temporary movements of employees and the combination of professions (positions)”. The work was carried out in stages, including procedures for synchronizing data in accounting systems, and allowed to get rid of the manual labor of employees of the Personnel Department.

The digitalization program for 2021 provides for further work on the creation of digital twins, the use of machine vision technologies and software robotization. Machine vision is planned to be used to control technological processes, for example, the quality of copper-bonded wire coating in steel wire production. The system will allow analyzing the quality of the surface of copper-plated wire in the flow and signaling the operator about rejects and technology violations.

voda 7 oktober 2021 07:46

0

Northwest Pipe Company Acquires ParkUSA

Strategic Research Institute
Published on :
07 Oct, 2021, 5:55 am

Leading US engineered pipeline systems for water infrastructure supplier Northwest Pipe Company announced that it has acquired Park Environmental Equipment LLC for USD 87.4 million, net of acquired cash. ParkUSA is an engineered precast concrete and steel fabrication based company that develops, manufactures and distributes water, wastewater and environmental infrastructure solutions products. The acquisition is expected to be immediately accretive to earnings. The transaction closed on October 5, 2021.

The acquisition was funded through the Company's credit facility with Wells Fargo Capital Finance, which included a fully committed USD 25 million accordion feature to expand the Company's access to available liquidity. Near-term repayment of outstanding debt will be a priority and derived from the cash flows of the combined business.

Previously a privately held company, ParkUSA was founded in Houston, Texas in 1984 by the Eberly family. In 2020, it had approximately 280 employees and revenues of USD 66.5 million. ParkUSA's three existing Texas manufacturing facilities located in Houston, Dallas and San Antonio will further expand Northwest Pipe Company's presence in the booming Texas water infrastructure market.

The completion of this acquisition marks Northwest Pipe Company's third major transaction in just over three years. In July 2018, the Company acquired Ameron Water Transmission Group and in January 2020, it acquired Geneva Pipe and Precast Company.

voda 7 oktober 2021 07:47

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US to Continue AD Duty on Coated Steel Imports from 5 Countries

Strategic Research Institute
Published on :
07 Oct, 2021, 5:59 am

As a result of these expedited sunset reviews, US Department of Commerce found that revocation of the antidumping duty orders on corrosion-resistant steel products from India, Italy, China, Korea and Taiwan would likely lead to a continuation or recurrence of dumping. US Department of Commerce determined that the magnitude of the dumping margins likely to prevail would be weighted-average margins of up to

India - 4.43%

Italy - 92.12%

China - 209.97%

Korea - 8.75%

Taiwan - 10.34%

On July 25, 2016, Commerce published the AD orders on CORE from India, Italy, China, Korea, and Taiwan in the Federal Register. On June 1, 2021, Commerce published the initiation of the first sunset reviews. On June 14 and 16, 2021, Commerce received notices of intent to participate in these sunset reviews from Nucor Corporation, California Steel Industries, Cleveland Cliffs Inc, Steel Dynamics Inc and United States Steel Corporation.

Vertraagd	14 feb 2025 17:35
Koers	27,220
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