Displaying items by tag: steel

Belgium: The World Steel Association says that global steel production in the first half of 2020 was 873Mt, down by 6% year-on-year from 929Mt. Global June 2020 steel production also fell, by 7% year-on-year to 148Mt from 159Mt in June 2019 and by 0.7% month-on-month from 149Mt in May 2020. China produced 91.6Mt in June 2020, up by 4.5% from 87.7Mt, corresponding to 62% of global steel production for the month. The sharpest falls occurred in the US, by 35% to 4.7Mt from 7.2Mt, and in France, by 35% to 800,000t from 1.23Mt.

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.

World: Data from the World Steel Association shows that global crude steel production fell by 1.4% year-on-year to 443Mt in the first three months of 2020. Asia produced 316Mt of crude steel in the first quarter of 2020, a year-on-year decrease of 0.3%. The European Union (EU) produced 38.3Mt of crude steel in the first quarter of 2020, down by 10%. North America’s crude steel production fell by 4% to 29.5Mt.

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).

Turkey: Erdemir Group has ordered new INBA slag granulations systems as part of an order for two new blast furnaces (BF) from Luxembourg’s Paul Wurth for its Ereğli and Iskenderun integrated steel plants. At both sites a new furnace will replace an older production unit. The new blast furnaces are scheduled for blow-in in March 2021 and May 2021 respectively. No value for the order has been disclosed.

At Ereğli Erdemir’s new BF2 will have a hearth diameter of 10m, 24 tuyeres and two tapholes. It will produce 5000t/day of hot metal from an inner volume of 2188m³. At Isdemir the new BF1 will be sized at 12.5m in the hearth and 3587m³ of inner volume; it will be fitted with 32 tuyeres and four tapholes and will produce 7900t/day, which further increases the hot metal capacity at this site.

Paul Wurth will execute both projects on an EP basis including the supply of technological key items and related supervision of erection and commissioning. The orders include basic engineering of the blast furnaces with profile, cooling and lining concepts as well as the design of the stockhouses, top gas cleaning plants, slag granulation plants and BF cooling units.

For both furnaces, Paul Wurth will supply Bell Less Top charging systems and bleeder valves, refractories for the hot blast mains and bustle pipes, tuyere stocks with tuyere phenomena detection system (TPDS), technological and critical items for the top gas cleaning plants (consisting of axial cyclones, annular gap scrubbers) as well as for in total three INBA slag granulations systems. Extensive sets of TMT probes and process recorders include, inter alia, 3D TopScanburden surface profile meters and SOMA acoustic top gas temperature measurement. Under the same contracts, TMT will also supply fully hydraulic taphole machinery for equipping all the six tapholes in total.

World: Global steel production rose by 4.6% year-on-year to 1.81Bnt in 2018 from 1.73Bnt in 2017. Data from the World Steel Association shows that production rose fastest in the Middle East, Africa and Australasia. Asian production rose by 5.6% to 1.27Bnt and North American production grew by 4.1% to 121Mt. European production remained static at 312Mt, with a slight dip in the European Union (EU) balanced by slight growth in the Commonwealth of Independent States (CIS). China remained the largest steel producing country, with 9.28Mt in 2018. It was followed by India, Japan, the US and South Korea.

Belgium: Data from the World Steel Association shows that world crude steel production rose by 4.6% year-on-year to 882Mt in first half of 2018. The association gathers data from 64 countries. Growth was driven by increases in Asia, where crude steel production rose by 5.2% to 614Mt. Production rose by 1.6% to 87.3Mt in the European Union, by 2.4% to 59Mt in the US and by 2.8% to 50.5Mt in the Commonwealth of Independent States.

Belgium: World crude steel production rose by 4.1% year-on-year to 427Mt in the first three months of 2018, according to data from the 64 countries reporting to the World Steel Association. Asia produced 294Mt of crude steel, an increase of 4.6%. The European Union (EU) produced 43.1Mt, up by 0.9%. North America produced 29.5Mt, an increase of 1.9%.

Europe: Tata Steel and ThyssenKrupp have signed a Memorandum of Understanding to create a European steel company by merging their flat steel businesses in Europe and including ThyssenKrupp’s steel mill. The proposed 50:50 joint venture will have its headquarters in Amsterdam and will be able to supply around 21Mt/yr of flat steel products.

“The Tata Group and ThyssenKrupp have a strong heritage in the global steel industry and share similar culture and values. This partnership is a momentous occasion for both partners, who will focus on building a strong European steel enterprise. The strategic logic of the proposed joint venture in Europe is based on very strong fundamentals and I am confident that ThyssenKrupp Tata Steel will have a great future,” said N Chandrasekaran, the chairman of Tata Steel.

The merger will create the region’s second largest steel producer after ArcelorMittal. Cost synergies of up to Euro600m/yr are expected through the integration of commercial functions, research and development and other supporting activities. In addition to this, ThyssenKrupp Tata Steel would seek to improve capacity utilisation of the network across the three hubs of Ijmuiden in the Netherlands, Duisburg in Germany and Port Talbot in the UK and their related downstream facilities.

Belgium: The World Steel Association (WSA) has forecast that global steel demand will return to growth of 0.4% year-on-year to 1494Mt in 2017. This follows a decrease of 3% in 2015 and a predicted decrease of 0.8% to 1488Mt in 2016. The data is part of the WSA’s Short Range Outlook (SRO) for 2016 and 2017 report.

“The economic environment facing the steel industry continues to be challenging with China’s slowdown impacting globally across a range of indicators contributing to volatility in financial markets, sluggish growth in global trade and low oil and other commodity prices. The global steel market is suffering from insufficient investment expenditure and continued weakness in the manufacturing sector,” said TV Narendran, chairman of the WSA. He added that some emerging economies in South and Southeast Asia show resilient growth and along with the North American Free Trade Agreement (NAFTA) region and the European Union (EU) will support a recovery in 2017.