Showing posts with label Industry News. Show all posts
Showing posts with label Industry News. Show all posts

June 6, 2013

RSP Refractory Engineering Services of SAIL sets new records

Rourkela Steel Plant (RSP)
Rourkela Steel Plant (RSP)
Refractory Engineering Services Department of Rourkela Steel Plant (RSP), a unit of state-run Steel Authority of India Ltd (SAIL), has set new records in every area of operation during last one year. Refractory Engineering Services Department (RESD) has made significant contributions not only in increasing the lining life of Steel Converters and Ladles as well as Hot Metal ladles but also has created new records in the field of Specific Refractory consumption. RESD along with Steel Melting Shop II (SMS II) had shown an exemplary show in the field of techno economics with Converter 'B' of the Shop making a record lining life of 6842 heats in February 2013, according to an official statement of RSP. It said that “With this RSP broke its previous record of 6543 heats achieved in September 2011 in Converter 'A'. Due care was taken that all equipment are kept in proper shape to sustain such a long campaign life.” The Steel Ladle No. 8 of SMS II achieved a record life of 150 heats which is the best among SAIL Plants. This was due to a combined effort of Lime Dolomite and Brick Plant (LDBP), Refractory Engineering Services Department (RESD) and SMS II.
Steel Melting Shop
Steel Melting Shop 
RDCIS, the Research and Development wing of SAIL was also associated with the in house brick manufacturing unit LDBP to develop tailor made bricks for these ladles. Refractory Engineering Services carried out relining and repair activities with utmost care. The Department also contributed to achievement of a record Steel ladle life of 100 heats at Steel Melting Shop I (SMS I) which is again the best performance in SAIL for small ladles. It may be recalled here that after the innovative introduction of full Magnesia Carbon lining, the ladle life improved up to 50 heats in 2008 to 09.
(Source - Economic Times)
     Also Read    

June 5, 2013

JSW Steel - Achievements and Developments

JSW Steel wins prestigious Platts Global Metals Award

JSW Steel Ltd., the flagship company of $11 billion Indian conglomerate JSW Group, has won the prestigious "The Industry Leadership Award" at Platts Global Metals Awards, held recently in London.
Mr Seshagiri Rao, Joint MD, JSW Steel and Group CFO said, "It gives us immense pleasure to get the prestigious Platts Global Metals Award. The company remains committed to the pursuit of challenging targets, safety, environmental protection, transparency, openness and social responsibility in every aspect of business around the world."
The award is given in recognition of achievements mainly in the fields of steel, metals and mining. Platts has ranked the Industry Leadership Award category on five parameters - Financial Results, Innovation, Product Quality, Safety and Strategic Vision. Under Financial Results, it reviews Annual Report, Company Growth figures and projections, Credit rating, Capital assets whereas in Innovation, it checks technology, processes, cost effectiveness and sustainability. On Product Quality aspect, records of reliability based on low percentage of load rejections, consistency of product specifications and timely delivery are some of the parameters which are evaluated while on Strategic Vision, Platts evaluates vision of the company.

Merger of JSW Ispat with JSW Steel

Earlier with effect from 1st June, JSW Steel has completed the merger of JSW Ispat Steel with itself. With the merger JSW Steel has now become the second largest steel producer in India after Steel Authority of India (SAIL) with 14.3 million tones capacity.

JSW Steel has a wide range of products which include pellets, slabs, HR coils/sheets, HR plates, CR coils, galvanized coils/sheets, and colour coated coils/sheets. In fact JSW Steel is one of the principal manufacturers of cold rolled, galvanized, and colour coated steel in India.

New Coke Oven for Rourkela Steel Plant inaugurated by SAIL Chairman

Rourkela Steel Plant (RSP)
Rourkela Steel Plant (RSP)
Steel Authority of India Limited (SAIL) Chairman C S Verma has inaugurated the coke ovens battery-6 complex at RSP (Rourkela Steel Plant) on June 1st.

The investment in the entire complex was around ₹1400 crore. The complex comprises a new coke ovens battery, coke dry cooling plant, coal handling plant, and a coal chemicals unit. A modernisation and expansion project is being implemented at the Rourkela Steel Plant (RSP) at an investment of about ₹1200 crore.

  Related Articles  

March 10, 2013

Tangshan Iron Steel signs agreement with Siemens VAI Metals

The Tangshan Iron and Steel Company Ltd (also referred as Tanggang”), the flagship company of China’s largest steelmaker, Hebei Iron and Steel (HBIS) Group, the second largest producer of steel in the world, signed an agreement with the Austria based Siemens VAI Metals Technologies Co, on 5th March 2013, covering cooperation in technology and innovation.
The agreement calls for SiemensVAI Metals Technologies, a world leader in solutions, technology and services to the mining, iron and steel making sectors, to provide consulting services for Tangshan Iron and Steel to improve energy efficiency in its iron making. Siemens VAI is a part of the Industry Sector of global engineering major Siemens AG (Munich, Germany).
Yu Yong, Tangshan Iron and Steel's president, said that technology innovation and cooperation is inevitable for enterprises in iron and steel, especially in looking for new ways to deal with the intense competition these days. The cooperation here is expected to help Tangshan Iron and Steel develop internationally. It is Hebei’s first company to cooperate technologically with an advanced global enterprise.
Tanggang (Tangshan Iron and Steel Company Ltd) was established in 1943, the original place of the side-blown basic steel converter of China. Tanggang executed a “Three-Step” strategy of development to make a technical innovation on iron, steel and steel rolling, modified the old plants, combined the peripheral plants and quicken the strategy of development of Caofeidian in the “Ninth-Five years” and “Tenth-Five years”, becoming one of the Ten Million Tons Iron and Steel Group in 2005.
Tangshan Iron and Steel Company Ltd has an annual production capacity of around 15 million tons. The products cover four categories: plates, rods, lines and sections, with a total of more than 140 varieties and more than 400 kinds of specifications. The main products are hot-rolled sheet, cold rolled thin plate, galvanized sheet, color-coated sheet medium and thick plates, stainless steel plate, bar, wire rod, sections, all that have passed the EHS. In recent years Tangshan Iron and Steel has made environmental improvements in power consumption, water use and by-product recycling.

Keywords: Tangshan Iron and Steel, Tanggang, Siemens VAI Metals

          Related Posts

February 2, 2013

JSPL targets Gujarat NRE Coking Coal

Jindal Steel and Power (JSPL) recently came up with an all-cash offer of Aus $221.61 million (about ₹ 1,200 crore) to buy out Gujarat NRE Coking Coal, the Australian subsidiary of Calcutta-based Gujarat NRE Coke, listed on the BSE and NSE also the largest Indian manufacturer of metallurgical coke.

The deal could help JSPL to take full control of two coking coal mines, with an estimated reserve of about 651mt, that Gujarat NRE has in Australia and meet its raw material needs. It may be recalled here that Gujarat NRE already supplies coking coal to JSPL (Jindal Steel and Power) from the New South Wales mines. In May 2012, the Naveen Jindal-led JSPL had acquired 10.07% stake in Gujarat NRE Coking Coal Ltd (GNCCL), for about Aus $25 million (about ₹ 135 crore) while JSPL also signed a long term contract to buy 5mt of coking coal over a 10-year period from it. See JSPL raised its stake in GLCCL, the Australian subsidiary of Gujarat NRE

JSPL has been in search of coking coal mines abroad as the geological reserve of this crucial raw material in steel making through the blast furnace route is limited in India. See article Suitability and Characterization of Coal for Sponge Iron Making

The company also produces power and is on the lookout for thermal coal as well. It operates coal mines in South Africa and Mozambique. Navin Jindal bought Canada’s CIC Energy Corp, which is developing a coal mine in Botswana in 2012 after a failed attempt by his brother Sajjan Jindal’s JSW Steel. At present, Gujarat NRE Coking Coal sells most of its output to its parent Gujarat NRE Coke Ltd at market price on arm’s length terms.

In a filing to the Aussie bourse, JSPL, which is already a minority shareholder in Gujarat NRE Coking Coal with a 19.48 per cent stake, said it was making the unconditional offer to all shareholders of the company

“The Aus $0.20 cash offer allows Gujarat NRE Coking Coal’s shareholders to realise full and fair value of their shares in a volatile equity market. The offer represents an attractive premium of 5 per cent on the closing share price of Aus $0.19 on January 29,” JSPL vice-chairman Vikrant Gujral said in a letter to Gujarat NRE Coking Coal shareholders. The JSPL offer of Aus $0.20 per share represents a premium of 5 per cent over the January 29 closing price of Gujarat NRE Coking Coal on the Australian Securities Exchange (ASX).
(Source: The Telegraph)

      Related Posts     

November 24, 2012

Steel Production - DSP recorded best October performance

Durgapur Steel Plant (DSP), a unit of India’s state-run SAIL (Steel Authority of India Limited), maintained its best October performance since its inception in all important production parameters. The production of hot metal, crude steel, saleable steel, blend mix and sinter were 112%, 109%, 100%, 107% and 112% of the target respectively in the just concluded, month of october, and were also the best time performance in the month of October. Incidentally the sinter production of 284665 tonnes in October 2012 were the best ever monthly production.
"In the first six months of current financial year (2012 - 13), DSP recorded an all time best performance in all key production parameters. With multi-pronged strategies and synergy among all departments, the client could maintain the production upsurge in October. The plant is geared up to continue with the production uptrend in the coming months also", said Mr. P. K. Singh, CEO, DSP.
DSP (Durgapur Steel Plant) has also witnessed the best ever October production of special steel and value added products. The Merchant Mill, which produces Earthquake Resistant TMT bars for the infrastructure sector also achieved 103% of monthly target and recorded a growth of 5% over CPLY. 

       Related Stories

November 21, 2012

Steel ministry helps RINL - VSP to get iron ore mines in UP

The Rashtriya Ispat Nigam Ltd (RINL) which runs the Visakhapatnam Steel Plant (VSP), a unit of public sector steel manufacturer SAIL (Steel Authority of India Limited), has been looking for new iron ore mines for quite some time apparently because of irregular supplies of iron ore from the National Mineral Development Corporation (NMDC). Meanwhile, constrained by the acute crisis of its main raw material iron ore, RINL - VSP also issued global tenders for iron ore supplies.
However, the Union Steel Minister Beni Prasad Verma on Monday (20th Nov’12) urged the Uttar Pradesh government to expedite the procedures for the lease of iron ore mines in Lalitpur district of Bundelkhand region to the Rashtriya Ispat Nigam Limited (RINL). “We are confident the state government would soon take positive steps in this direction,” Verma said.
RINL (Rashtriya Ispat Nigam Ltd) had already applied for the lease of iron ore mines in Lalitpur district for setting up a pellet unit in the region. A P Chaudhary, RINL - VSP chairman and managing director, said the plant would provide direct employment to 500 locals.
Meanwhile, the Union minister said the state-run RINL and SAIL were aggressively setting up rural dealerships in India to boost per capital steel consumption. So far, RINL and SAIL has set up 538 and 440 rural dealerships respectively and plan to up the number to 1,000 each in near future (SAIL to appoint 1,000 dealers in rural India). RINL plans Steep Processing Units (SPU) in Ambedkar Nagar and Ghaziabad districts of UP. It is also establishing rural stockyards, including one in Varanasi in the state. The steel minister said, SPUs are being set up in those states, where there are no big steel plants to boost local availability of steel products and generating employment.
It may be mentioned here RINL - VSP had clocked 21 per cent growth in the sale of steel products in UP during 2011-12 compared to the previous year. India, the world’s fourth largest steel producer at present behind Chiona, USA and Russia, is aiming to raise its steel production capacity to 200 million tonnes (MT) by 2020 from the current level of about 80 MT.
(Source: Business Standard)
         Related Articles

November 19, 2012

IFGL Refractories - profits declining

IFGL Refractories Ltd. (IFGL), an Indian Multinational Refractory Company, is a manufacturer of Specialized Refractories and requisite Operating Systems for the Steel Industry and offers its customers Total Refractory Solution for flow control in Steel Teeming and Continuous Casting of Steel.
IFGL Refractories reported a 47 per cent drop in net profit at Rs 2.10 crore for the second quarter of the 2012-13 fiscal and attributed the performance to deteriorating health of global steel industry especially in the Euro zone and Latin America. The company had a net profit of Rs 3.94 crore in the corresponding period of the last fiscal.
"Performance of the steel industry during the quarter worsened as compared to the corresponding quarter particularly in the Euro zone and Latin America. Since more that 50 per cent of the company's total income... is from exports and although rupee depreciated, there has been an overall increase in costs including inputs, outward freight and other selling expenses, resulting in reduced profit before tax," IFGL said.
Here this may be recalled that for the six months ending September 30, 2012, IFGL showed a decrease in net profit to Rs 7.61 crore from Rs 8.74 crore.
The IFGL Group now has three strategically located units for manufacturing Continuous Casting Refractories. El Ceramics (EIC), located in Cincinnati, Ohio (USA), caters to the US, Canada, and Mexico. IFGL's Rourkela (Orissa, India) unit mainly catering to the domestic customers and also to the steel plants located in South East Asia. In October last year, IFGL started a new state-of-the-art facility at Kandla Special Economic Zone in Gujarat to manufacture Continuous Casting Refractories.
IFGL acquired Monocon Group in September, 2005, with production facilities in the Brazil, China, UK, USA and Taiwan. In September, 2010 IFGL acquired EI Ceramics LLC and CUSC International Limited (CUSC), both Cincinnati, Ohio based companies engaged in manufacture of Isostatically Pressed Continuous Casting Refractories. Since its inception in 1984, IFGL Refractories has gradually transcended to become an Indian Multinational Refractory Company with manufacturing facilities in Brazil, China, Czech Republic, Germany, India, UK and USA.
(Source: The Economic Times)

       Related articles

November 18, 2012

RHI inaugurates the largest fusion plant for Magnesia Raw Materials

RHI AG is a renowned name in the market, development, production and service of refractories. They are the Germany-based world leader in the field of refractories with 8100 employees and production facilities in about 32 countries and more than 100 locations around the world. Currently the total volume refractories produced by RHI AG is more than 2 million tonnes p.a. of Refractory Bricks (RefractoryBricks – Shapes and Sizes), Castables,Mortars and other functional products.
RHI has built and inaugurated one of the largest fusion plants for magnesia raw materials for more than 75 million euros in Norway in this month. In this fusion plant, magnesia obtained from sea water is converted to fused magnesia, which is a high-grade refractory raw material, at temperatures about 2800OC. With a capacity of approximately 85000 tonnes per year, the plant is one of the largest worldwide. According to RHI, 120 employees will work at the plant in full operation.
“We are increasing self-supply with magnesia raw materials, which are very important for the refractories industry, to 80% and thus continue to consistently pursue our strategy of backward integration. With this new plant, we will be completely independent from Asian fused magnesia imports. And we are shortening delivery routes to the European RHI sites”, said RHI CEO Franz Struzl at a press conference at the plant in Porsgrunn, Norway.
“The Porsgrunn location offers several advantages, including the infrastructure, the support of local politics and the energy costs in Norway. In addition, we have decades of experience, which gives us a very good command of the complex process of obtaining magnesia from seawater. The construction of the fusion plant is one of the largest onshore investments in Norway in five years and is planned as a long-term investment”, said RHI plant manager Roger Gravdal.
RHI acquired this fusion plant in Porsgrunn and another raw material plant in Drogheda (Ireland) last year. Both plants are based on the extraction of magnesia from sea water. RHI thus broadened its technological base in extracting refractory raw materials and increased the number of raw material plants to eight.
RHI mines magnesite and dolomite at six locations in Austria, Italy, Turkey and China in surface and underground mining. RHI produces about 1 million tonnes of refractory raw materials per year.
The advantage of fused magnesia from Norway lies in its highly refractory properties caused by the firing process by means of electrofusion, in which the crystalline structure magnesia is improved significantly and the magnesia (MgO) content is increased to nearly 100%.
Fused magnesia from Norway is primarily used at the European RHI plants Veitsch (Austria), Radenthein (Austria), Aken (Germany) and Duisburg (Germany) and processed to end products for the steel, cement, lime, refractory and some nonferrous Metals industries.
(Source: RHI)  
       Related Articles