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voda 13 juni 2016 16:37

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Essar Steel Algoma fined CAD 100,000 for BF accident in 2014

Canadia media reported that Essar Steel Algoma Inc has been fined CAD 100,000 after three workers were injured in a steam explosion at a blast furnace. In late August of 2014, Essar was engaged in a planned maintenance outage at its steel mill in Sault Ste. Marie. One of the jobs for the outage was the relocation of cooling water piping for tuyeres and coolers at its #7 blast furnace.

In order to facilitate the relocation of the cooling water piping, temporary piping was required to be installed so as to maintain the cooling systems while the new permanent piping was being put in place.

On August 27, 2014 a crew of workers was installing the temporary water piping when a steam explosion occurred due to a hose rupture. One worker received leg injuries; another worker received hand injuries; and a third worker received burns to the upper body.

An investigation by the Ministry of Labour determined that the cooling water had been turned off for a substantially long period of time. The normal practice was to keep one cooling circuit running while the other was being switched to the temporary piping supply; keeping one circuit running would have kept the temperature of the tuyere to an appropriate level.

Essar did not have a written procedure in place prior to the incident identifying which company or individuals had responsibility for turning off or on the relevant water supply.

It was also determined that the temporary piping system was installed incorrectly, improperly configuring the system. In addition, two valves were closed to allow work on leaks in the hose. Given the improperly-configured temporary piping system, the closing of the valves effectively created a closed container with a supply of water inside. Owing to the heat which had built up from the water supply to both circuits having been turned off, the steam that was created from the trapped supply of water caused a pressure build-up which exceeded the capacity of the hose, causing its rupture and the steam explosion.

Essar Steel Algoma Inc. pleaded guilty to failing to take every precaution reasonable in the circumstances for the protection of a worker - specifically, for failing to take the reasonable precaution of ensuring that water was not turned off at the main header before workers began running temporary bypass hoses. The company was fined $100,000 by Justice of the Peace Philip M. Stanghetta in Sault Ste. Marie court on June 8, 2016.

In addition to the fine, the court imposed a 25-per-cent victim fine surcharge as required by the Provincial Offences Act. The surcharge is credited to a special provincial government fund to assist victims of crime.

Source : news.ontario.ca

voda 13 juni 2016 16:37

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POSCO chief encourages steel industry overhauls

Korea Joongang Daily reported that South Korea’s steel industry has been growing rapidly to step up three rankings from the world’s ninth steel-producing country by volume 10 years ago to sixth this year. However, as a supply glut and reduced demand depress the market, the industry is one of the nation’s five weakest sectors. According to association data, 700 million tons of steel are supplied globally, 10 times the production volume of Korea.

Mr Kwon Oh-joon, CEO of Posco and chairman of the Korea Iron & Steel Association, said at a commemoration of the 17th Steel Day, an annual event of the nation’s steelmakers, on Thursday at Posco’s office in Gangnam District, southern Seoul said “The nation’s steel industry is on the verge of a new paradigm shift, and we need bold business reform to survive this er.”

To revive Korea’s steel industry, Mr Kwon has sought overhauls to strengthen business management and protect the nation’s industry from low-cost, low-quality products in the Korean market. He also emphasized the need to develop world-class products and technology to compete among global steelmakers.

Posco, the nation’s No. 1 steelmaker, already is restructuring its non-core businesses while Hyundai Steel is expanding by acquiring SPP Yulchon Energy and merging with Hyundai Hysco, a steelmaking affiliate under Hyundai Motor Group.

Korea is the world’s sixth-leading steel provider after China, Russia, Japan, the United States and Germany. The country’s presence in the world market has expanded to 3.13 percent in 2016 from 0.04 percent in 1970.

Source : Korea Joongang Daily

voda 13 juni 2016 16:39

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WISCO hot coil continuous annealing line commissioned by Fives Group

Fives and Guangxi Iron & Steel Group Co, part of WISCO group, have successfully processed the first hot coil on a new continuous annealing line (CAL) on March 15, 2016, for the new 10 million ton plant located in Fangchenggang, in the Guangxi Zhuang autonomous region of China.

Source : Strategic Research Institute

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voda 13 juni 2016 16:40

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Long term UK steel future critical – Mr Ken Skates

BBC reported that UK’s New Economy and Infrastructure Secretary Mr Ken Skates has called for a long-term solution to the steel crisis that will protect jobs in Wales, whether Tata sells its UK sites or not. Mr Skates said long term commitment was the "critical factor".

He told BBC Wales “It was an absolute priority that the continuation of steelmaking at Port Talbot, which employs 4,000 workers, should be in the business plan of any would-be owners.”

He told "If Tata were to decide that actually they can retain their interests for the long term - that's the critical factor - and continue with steel making and ensure they take full responsibility for pensions, then we'd clearly be able to consider that to be something of a successful outcome."

Source : BBC

voda 13 juni 2016 16:41

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Tata Steel could delay decision on sale of UK steel business until July – Report

Wales Online last week reported that Tata Steel may not make a final decision on whether to sell its UK steel until July. The Indian steel giant was expected to announce a shortlist of bidders for its UK steel business lastw eek in the latest stage of its drawn out sale process but there are reports that a final decision on the preferred bidder might not now be made until July and the announcement of the shortlist may also be delayed.

The Financial Times quotes an unnamed source "close to the company" as saying that a decision on a sale is unlikely to take place in June, but is only expected "within two months."

The source also indicated that there is not certain that Tata will decide to sell. "Circumstances have changed, which means we have to re-evaluate the decision to divest — though that decision could still go either way," the source told the paper.

According to the FT's source, Tata is in talks with the government on steps that could change the calculations which made the company to consider its investment in its UK steel business unsustainable.

It comes as doubts continue to build over whether Tata will actually sell the business or decide to keep hold of it after all.

Retaining the business seems an increasingly likely option for the Indian steel giant following moves by the Government to reduce its pension liabilities. Such steps could include moves to cut the cost of electricity for the business, and to curb the influx of cheap imports from countries such as China.

Source : Wales Online

voda 13 juni 2016 16:42

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Dongkuk starts operation of CSP steel JV in Brazil

Korea Herald reported that South Korea’s 3rd largest steel maker Dongkuk Steel Mill announced that that it stared the operation of CSP Steel Mill, its long-awaited first blast furnace steelwork, located in Pecem City of Ceara State, Brazil. Dongkuk Steel vice chairman Mr Chang Sae-wook fired up the blast furnace with other participating VIPs in the ceremony held at the site on Saturday

Dongkuk has led the USD 5.5 billion-invested CSP Steel Mill construction project since 2012 with two other partners for financing POSCO and Vale. Shareholders of joint venture firm CSP Steel Mill are composed of POSCO, Dongkuk Steel and Vale, with their shareholdings divided to 50 percent, 30 percent and 20 percent, respectively.

Different from the two partners, Dongkuk is responsible for operating the mill with annual production capacity of 3 million tons, and it secures160 tons of the annual production for direct use in Korea or exports.

Source : Korea Herald

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voda 13 juni 2016 16:43

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EU does not want trade war with China - Ms Merkel

DW reported that German Chancellor Ms Angela Merkel has urged China to speed up reforms in the steel industry and other economic sectors to avoid a further rift with EU as China is waiting for the EU to give it market economy status. In a speech to the Chinese Academy of Sciences in Beijing Sunday, Ms Merkel said "No one is interested in increased trade wars. But we must also talk openly about the remaining issues."

The chancellor was referring to China's overproduction of steel, which is being dumped on the international market.

Warning that overcapacity was causing a big headache for Europe's steel industry, she told the audience that "We must have a level playing field."

China has promised reforms of its heavy industries, but several countries claim Beijing is stalling, because the changes will result in the loss of hundreds of thousands of jobs.

Beijing is urging Brussels to recognize it as a market economy - a pledge that was made when China joined the World Trade Organization 15 years ago. The confirmation is expected in late 2016, but some EU states are hesitant to change the bloc's trading status, given China's ongoing overproduction in several sectors.

Source : DW

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voda 13 juni 2016 16:44

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Sinosteel to set up iron ore pellet plant in Algeria for Turkish Tosyali

The company Sinosteel MECC, a division of the Chinese industrial group Sinosteel, signed an EPC-contract (design, supply, construction) with the Turkish company Tosyali. In accordance with the Chinese to build the Algerian unit Tosyali pelletising plant capacity of 4 million tonnes per year. The project cost is USD 263.5 million., the period of its implementation is estimated at 24 months.

This is the second contract signed between Sinosteel and Tosyali over the last year. In the summer of 2015 the Chinese company has committed to build in Algeria integrated steel plant of 2.3 million tonnes per year. As the charge it will use reduced iron (DRI), and raw materials for its production obviously become a new pellet mill.

Earlier, representatives of the Turkish company announced that will acquire the iron ore in Brazil and Mauritania. To ensure these supplies Tosyali build new quays at the port of Arzew in the north-western Algeria.

Source : IMS "Metal Supply and Sales"

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voda 13 juni 2016 16:46

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Royal Group gets exclusive steel deal from Posco SS Vina for Cambodia

Phnompenh Post reported that Yong Sheng Global Trading, a subsidiary within the Royal Group conglomerate, signed an exclusive partnership agreement with Posco SS-Vina, a Vietnamese-based steel company, for exclusive distribution rights of construction materials. The signing of the agreement took place between Kith Meng, chairman of Royal Group, and Jung Son Kyu, chief marketing officer of Posco. Posco SS-Vina is owned by the South Korean steel giant Posco Group.

The framework gives Yong Sheng Global Trading full rights over all of Posco SS-Vina steel products imported from Vietnam.

Raymond Cabreara, marketing manager of Yong Sheng Global Trading, said this was not the first time the company had partnered with construction suppliers to fuel the property boom. He said “The company had previously signed an agreement with TPI Polene Thailand – the country’s third-largest cement supplier and a producer of rubber and vinyl products.”

Source : Phnompenh Post

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voda 13 juni 2016 16:47

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US Steel asks court to be retain auto steel as its intellectual property in Canadian unit case

The Hamilton Spectator reported that Stelco's American parent wants to stop the company from selling its recipes for making high-value steel for auto parts and other uses. US Steel, of Pittsburgh, is claiming it owns Stelco's intellectual property, everything from certain grades of steel to the ingredients and processes for making that metal,- and claims the Hamilton icon can't include those items in any sale of the company.

In a motion to be heard in court in Toronto Monday, US Steel Canada asks for a process to decide which company owns what intellectual property and for a court hearing to settle any disputed claims.

In an affidavit backing that motion, USSC chief restructuring officer Mr Bill Aziz said without being able to sell clear title to the secrets behind its advanced high-strength steel and other products and processes, the chances of finding a buyer willing to operate Stelco will again be hobbled. He said "USSC has historically been a significant supplier to the automotive industry of products including advanced high-strength steels. The company's production assets have excellent and well-demonstrated capability for the production of such steels and that the uncertainty with respect to potential restrictions on USSC's ability to produce advanced high-strength steels could diminish the value of USSC and/or its assets in the eyes of participants in the sales process."

In light of the importance of auto-grade steel, Mr Aziz said "USSC's Intellectual Property rights, if any, in relation to this product are very likely to be relevant to any potential purchaser's analysis in relation to production capabilities for USSC's automotive customer base and potential customer base."

If the American company wins that point it could cripple any effort to sell the company as a going concern. That, in turn, could ruin the hopes of 20,000 local retirees to avoid having their pensions cut.

Source : The Hamilton Spectator

voda 13 juni 2016 16:52

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Is the party over for Indian billet exporters?

It is reported that, reflecting the downtrend in global scrap & billet prices, an Indian state owned steel major has received bid for exports of billets below USD 300 FOB mark (About INR 20000), a week after another steel mill had received bid at USD 315 FOB bringing an end to the spurt in billet exports from India in last 2-3 months with prices as high as USD 380-400 FOB India levels.

Source : Strategic Research Institute

voda 13 juni 2016 17:01

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Iron ore proven reserves to rise 50% by the end of 2016 – Mr Karbasian

According to Mr Mehdi Karbasian, the head of Iranian Mines and Mining Industries Development and Renovation Organization, Iran’s proven iron ore reserves are estimated to grow 50% to reach 4 to 4.5 billion tons by the end of 2016.

In December 2013, IMIDRO undertook an operation to explore over 200,000 square kilometers of the country’s area over a course of three years. The program started by covering Sistan-Baluchestan, South Khorasan, Kerman, Yazd and Isfahan Provinces and later on moved into the western regions of the country, including Kurdestan, Zanjan and West Azarbaijan provinces.

Source : Financial Tribune

voda 13 juni 2016 17:03

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Brazil Dam Burst - Police investigation finds BHP-Vale JV ignored risk of collapse

ABC reported that Brazil's federal police have formally accused mining company Samarco, a JV between Vale SA and BHP Billiton, of wilful misconduct in relation to a deadly dam burst last November.

The official police investigation said the company had ignored clear signs the dam was at risk of collapsing. The case will now be passed to prosecutors to decide whether to press charges.

The investigation found Samarco had skimmed on safety spending, focusing instead on increasing production despite obvious indications, like cracks, that the dam was in danger of a breach.

Four Corners reveals evidence of problems at the mine dating back almost a decade.

Police also accused Vale — because it deposited its own mining waste into the dam — and VogBR, the service company that checked the safety of the dam, of wilful misconduct.

Eight executives were also accused, although police did not disclose their names.

Samarco in a statement said that it rejected any speculation it was aware of an imminent risk of collapse at the dam, which held waste — known as tailings — from its iron ore mine.

The company said that "The dam was always declared stable," adding that increases to the dam's size were done in accordance with the project's design.

It said that the dam's height was below the size allowed by its licensing when it collapsed.

Meanwhile, all of the accused, excluding one individual, were first informed by the police in January.

Source : ABC

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voda 14 juni 2016 16:52

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The World Bank, citing sluggish growth in advanced economies, stubbornly low commodity prices, weak global trade and diminishing capital flows, has downgraded its 2016 global growth forecast to 2.4% this week from the 2.9% pace projected in January and OECD in its latest Global Economic Outlook said that the global economy is stuck in a low-growth trap that will require more coordinated and comprehensive use of fiscal, monetary and structural policies to move to a higher growth path. On the other hand, the most recent GDP numbers from China and India present optimism at respectable 6.7% and 7.9% GDP growth in the first three months of 2016. While, it's tempting to take comfort in the thought that Asia's giant emerging economies are still expanding at a healthy pace, both countries have been dogged by persistent doubts over the quality of their data, leading scores of reputable economists to cast aside official measures and turn to alternative gauges instead as together, the countries account for 16% of world GDP, or about USD 13 trillion.

For India, the storm clouds began to gather in January 2015 when the country's statistics bureau changed the way it calculates the size of the economy. Overnight, the pace of growth went from mediocre to eye-popping. Officials have defended the change, arguing that the new method is far more rigorous, and incorporates crucial data from the corporate sector that only recently became available.

Critics however say that the new GDP numbers lack credibility because they diverge so dramatically from indicators such as industrial production, investment spending and exports. An analyst said plainly that the number is suspect "There is some evidence that India's economy has picked up speed recently but today's remarkably strong GDP data are hard to believe."

Moreover, Mr TCA Anant, India's chief statistician, met with reporters to defend the work of his number crunchers, while acknowledging it's not perfect. He told "The question is, would you rather walk with your eyes shut or with a pair of spectacles which are very dirty? The answer is often that you would wear spectacles which are dirty."

Chinese authorities, meanwhile, has been largely silent in the face of sustained questioning. Some economists argue that China's data is far too smooth, and almost never deviate from the Communist Party's targets. There are also concerns over a lack of independence at the country's statistics agency. The doubters often turn to proxy measures to gauge the health of China's economy. They look at electricity output, freight shipments and seaport cargo volumes. These indicators suggest that the economy is growing by 4% to 5%.

Country GDP Q1

India 7.9%
China 6.7%
Australia 3.1%
Russia 1.6%
Spain 0.8%
Germany 0.7%
Euro Area 0.6%
Canada 0.6%
United States 0.5%
Japan 0.5%
South Korea 0.5%
United Kingdom 0.4%
France 0.3%
Brazil 0.3%
Italy 0.3%

Source - www.tradingeconomics.com

voda 14 juni 2016 16:56

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JFE Steel rolls out industrial IoT to harmonize plants

readwrite.com reported that JFE Steel, the fifth largest steel maker in the world, will standardize its core platform across all factories, using the Internet of Things (IoT) to connect factories together for better management. JFE Holdings, the parent company of JFE Steel, plans to spend $652 million to bring IoT to its factories by 2022. It says that the single database will shorten production times, reduce order delivery times, and detect signs of equipment failure earlier.

It is going to be tough for JFE Steel to create this single database, since its steel mills in Chiba, Kanagawa, Okayama, and Hiroshima all use differing systems.

On top of the benefits already mentioned, JFE Steel will also be able to send improvements from one factory to the rest. If one steel mill shows a higher production rate or better steel quality, JFE can instantaneously implement the advantages at other mills.

Bringing the factories online could also bring benefits that are unforeseen, like enhancing regional production if the local economy is doing better than other cities.

JFE has not said if it will bring the same operating system to its other steel ventures, like California Steel, Fujian Sino-Japan in China, or Minas de Serra Geral in Brazil. If it does standardize systems worldwide, the effects of local economy may have an even greater impact on the production of steel.

Smart factories are starting to look like the next major step in the Internet of Things (IoT) revolution. Germany has already named it ‘Industry 4.0’, claiming the advances IoT will bring are equal to the implementation of steam power or computers in the industry.

While others countries are not as excited about the possibilities of the Industrial Internet of Things (IIoT), we are starting to see more manufacturing companies like Foxconn and Toyota invest into connected platforms.

Source : readwrite.com

voda 14 juni 2016 16:57

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Petition filed in Pakistan SC to direct PSM to pay workers salaries

The News reported that a contempt of court petition has been filed in the Supreme Court with a request to order the Pakistan Steel Mills management to regularly pay salary to its employees every month without any interruption.

Filed through Advocate Mohammad Nadeem A Sheikh, the petition requests the court to direct the federal government to take over the affairs of the mills since it is the only manufacturing unit owned by the state, and the only source of income for a large number of people.

The petition has been moved over violation of the court’s 2010 judgment on corruption in the mills in which the court had held that corruption in a civilised society was a diseas, like cancer which if not detected in time was sure to malign the polity of the country leading to disastrous consequences.

The court had also ordered handing over of an investigation being conducted by the Federal Investigation Agency into the affairs of the mills to the National Accountability Bureau.

The judgment had come on a suo moto notice taken in September 2009 by the then Chief Justice Iftikhar Muhammad Chaudhry over consistent losses the PSM was incurring and its discriminatory sale policy that was benefiting only a few industries then.

Source : The News

voda 14 juni 2016 16:58

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Iranian steel output to reach 50 million tonnes by Yearend

Financial Tribune reported that Iran’s Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh during a visit to the eastern Khorasan Razavi Province’s Sangan region said that Iran’s annual steel production is expected to reach 50 million tons by the end of the current fiscal year ending March 20, 2017.

According to Nematzadeh, in the past two years, over 20 million tons have been added to the domestic steelmaking capacity after a series of iron ore concentrate, pellet, sponge iron and steel sheet production plants were established.

He said “The domestic steel industry’s production capacity currently stands at about 25 million tons per year, only 17 million tons of which are being used.”

Increasing steel production is a goal pursued by officials as per the 20-Year National Vision Plan (2005-25), which stipulates that the country should become the world’s sixth largest steelmaker by increasing output to 55 million tons by the end of 2025.

The government’s efforts to increase steel output come against a backdrop of shrinking demand for the industrial material at home, owing mostly to the faltering construction sector. As a natural reaction, Iranian steelmakers have been increasingly looking beyond borders to sell their products. About 1.8 million tons of crude steel and 4.1 million tons of steel products were exported in the last Iranian year, indicating 200% and 4% rise respectively compared to a year before.

Ehya Sepahan Iron Mines Company’s iron ore concentrate production plant was inaugurated by the industries minister during the first leg of his provincial tour on Saturday and is set to produce 900,000 tons of the industrial material every year.
Asaluyeh located in the southern Bushehr Province has the world’s largest natural gas field.

Other projects currently under construction in the region include Mobarakeh Steel Company’s iron ore concentrate and pellet plants, each with 5 million tons of annual production capacity; Tose’e Melli Investment Group’s concentrate and pellet plants, each capable of producing 2.5 million tons per year; Kaveh Pars Mining Industries Development Company’s concentrate and pellet plants each with an annual capacity of 2.5 million tons, and Khorasan Steel Company’s iron ore concentrate project with a 2.5-million-ton capacity.

According to Nematzadeh, the projects will be completed by the yearend.

Source : Financial Tribune

voda 14 juni 2016 17:00

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Russia to assist in resuscitating Ajaokuta Steel Mill in Nigeria

Nigerian media recently quoted Mr Nikolay Udovichenko Russian Ambassador to Nigeria as saying that his country would support Nigeria in resuscitating the moribund Ajaokuta Steel Company to ensure rapid industrialisation of the country.

Mr Nikolay gave the assurance in his remarks at the 2016 Russia National Day celebration on Saturday in Abuja.

He said that a team of Russian engineers were ready to inject new technology into the steel mill to make it functional, adding that the country had remained a dependable ally to Nigeria.

Source : NTA.ng

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voda 14 juni 2016 17:01

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AISI update on raw steel production in US in Week 23

In the week ending June 11, 2016, domestic raw steel production was 1,779,000 net tons while the capability utilization rate was 76.1 percent. Production was 1,744,000 net tons in the week ending June 11, 2015 while the capability utilization then was 73.7 percent. The current week production represents a 2.0 percent increase from the same period in the previous year. Production for the week ending June 11, 2016 is up 1.1 percent from the previous week ending June 4, 2016 when production was 1,760,000 net tons and the rate of capability utilization was 75.3 percent.

Source : Strategic Research Institute

voda 14 juni 2016 17:02

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Indian auto industry sees sustained recovery in May – SIAM

Production - The industry produced a total 4,312,859 vehicles including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle in April-May 2016 as against 3,875,828 in April-May 2015, registering a growth of 11.28 percent over the same month last year.

Source : Strategic Research Institute

Vertraagd	21 feb 2025 17:35
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