Displaying items by tag: India

World: Global steel production was 1.86Bnt in 2020, down by 1% year-on-year from 1.88Bn in 2019. The decrease is the first since 2015. The sharpest declines were recorded in the US (17%), Japan (16%), the EU (12%) and India (11%). Chinese steel production rose for a sixth consecutive year to 1.05Bnt, up by 5% from 1.00Bnt. The rest of the world produced 811Mt, down by 8% from 879Mt. China’s share of world steel production rose to 57% from 53%.

India: GM Iron & Steel Company Limited has published plans for the construction of a 0.4Mt/yr slag cement grinding plant in Dhenkanal, Odisha. United News of India has reported that the plant is part of an upcoming construction materials complex, including a 46MW captive power plant, that will cost US$82.7m, according to the company.

India: The Bureau of Indian Standards has granted a licence to Counto Microfine Products (CMP), a joint venture of Ambuja Cements and medical company Alcon Group, for the production of micro-fine Ordinary Portland Cement (OPC) and ground granulated blast furnace slag (GGBFS) cement. The Times of India newspaper has reported that CMP operates a grinding plant in the state of Goa.

Belgium: The World Steel Association (WSA) forecasts that total global steel consumption in 2020 will be 1.65Bnt, down by 6.4% year-on-year from 1.77Bnt in 2019, due to the impacts of the coronavirus outbreak on steel-intensive industries. The WSA estimated that demand will decline by 17% in developed countries, with the steepest falls in Japan, South Korea and the US, and by 18% in India. China’s steel consumption is expected to rise by 1% due to increased infrastructure spending and a swift post-coronavirus recovery. Construction, a mostly seasonal sector, had already reached full productivity in April 2020.

The WSA expects steel demand to increase by 3.8% year-on-year in 2021 to 1.72Bnt globally. The sharpest recovery is expected to be in developing countries, where the WSA says that total demand will increase by 9.2%, following a fall of 11.6% in 2020.

India: Gebr. Pfeiffer has announced that it has received an order for one MVR 6000 C-6 roller mill for Chettinand Cement Corp. Pvt. Ltd.’s upcoming 2.0Mt/yr Vishakapatnam granulated blast-furnace slag (GBFS) and slag cement
Grinding plant in Andhra Pradesh. Gebr. Pfeiffer said the mill will grind slag and cement to a fineness of between 3000 and 3800 blaine at a rate of between 235t/hr and 340t/hr. It says the mill improves plant availability by the active redundancy of the grinding rollers, enabling mill operation with reduced rollers in the event of maintenance work or a malfunction.

India: JSW Cement has revised its planned expansion to its 14Mt/yr total installed capacity to 39Mt/yr before 1 January 2023, an increase of 5Mt/yr compared to its initial target of 34Mt/yr by 2020. The figure includes JSW’s 54% subsidiary Shiva Cement’s new 1Mt/yr integrated and 1Mt/yr grinding plant, valued at a total of US$112m. Parth Jindal, JSW Cement managing director, said that the figure had been revised upward because Shiva Cement had become self-sufficient in clinker production, freeing the group’s east Indian cement production from ‘volatile import costs.’

Economic Times has reported that Shiva Cement is set to bring its limestone reserves to 100Mt with the acquisition of the Khatkurbahal mine. The company sources its granulated blast furnace slag from the Odisha steel industry. Production of JSW Cement’s flagship product, JSW Portland Slag Cement (PSC), releases CO2 at a rate of 325kg/Mt compared to between 760kg/Mt and 800kg/Mt for typical Ordinary Portland Cement (OPC).

Luxembourg: ArcelorMittal’s sales fell by 2% year-on-year to US$38.5bn in the first half of 2019 from US$39.2bn in the same period in 2019. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) dropped by 43% to US$3.21bn from US$5.59bn. Crude steel production volumes rose by 3% to 47.8Mt from 46.5Mt.

"After a strong 2018, market conditions in the first half of 2019 have been very tough, with the profitability of our steel segments suffering due to lower steel prices combined with higher raw material costs,” said Lakshmi N Mittal, ArcelorMittal’s chairman and chief executive officer (CEO). He added that the company had recued its production capacity in Europe in responses to global overcapacity.

World: Crude steel production grew by 4.9% year-on-year to 925Mt in the first half of 2019 from 882Mt in the same period in 2018. Data from the World Steel Association shows production increased in Asia and North American, remained stable in the Commonwealth of Independent States (CIS) region but that it fell in the European Union. Of the larger individual steel producing countries gains were reported in China, India and South Korea, but declines were noted in Germany and Japan.

India: The Bureau of Indian Standards' Hyderabad branch office has granted a licence for a slag cement product made by UltraTech Cement. The ground granulated blast furnace slag product is for use for use in cement, mortar and concrete according to Indian Standard IS 16714:2018, according to the Press Trust of India.

UK: Henrik Adam has been appointed as the chief executive officer (CEO) of Tata Steel Europe. He succeeds Hans Fischer, who has decided to step down from the post. Fischer will continue as a non-executive director and will continue to advise TV Narendran, CEO and managing director of Tata Steel. Adam will also join the board of Tata Steel Europe and report to TV Narendran.

Adam joined Tata Steel Europe in 2011 as Chief Commercial Officer. Prior to this he held a wide range of roles at ThyssenKrupp including CEO of ThyssenKrupp Electrical Steel. He has also been a director of EEF (now called Make UK), the UK’s manufacturers’ organisation, and chairman of WorldAutoSteel, the automotive group of the World Steel Association. Born in Essen Germany, Adam is a mechanical engineer who started his career as a scientist in vehicle safety technologies.