Friday, 19 August
Dearborn, Michigan-based steelmaker Severstal North America announced Thursday that it has successfully launched its new five-stand, six-high 72'' wide coupled pickle line tandem cold mill (PLTCM) at its steel mill in Dearborn, Michigan. The $450 facility is expected to ramp up to full capacity of 2.1 million net tons within six months.
The launch of the PLTCM is complemented by the construction and impending start-up of a $285-million hot-dipped galvanizing line in the same production complex in Dearborn. The new coating line will be targeting critically exposed applications for automotive customers and other critical cold roll consuming manufacturers. It is currently nearing completion with a scheduled launch in December of 2011.
Sergei Kuznetsov, Chief Executive Officer, Severstal North America, said, "The launch of our new cold rolling complex is a key component in our goal of becoming one of the world's most efficient and advanced steel producers. The new equipment will enable us to offer products of superior quality and provide exceptional service to our customers, as well as produce the next generation of advanced high strength steels (AHSS) for automotive applications."
(sourced steelorbis)
Showing posts with label new steel mill. Show all posts
Showing posts with label new steel mill. Show all posts
Friday, August 19, 2011
Wednesday, February 23, 2011
Afripalm and India's SAIL sign steel mill pact
Wed Feb 23, 2011 4:24pm GM
* Feasibility study for 3-5 mln tonnes plant in SAfrica
* Mill expected to cost $2.95 billion
* Afripalm says SAIL to have big management role
JOHANNESBURG, Feb 23 (Reuters) - South Africa's Afripalm Resources signed a memorandum of understanding with Steel Authority of India (SAIL.BO: Quote) to build a steel mill in South Africa, Afripalm Chairman Lazarus Zim said on Wednesday.
The companies would conduct a feasibility study for a 21 billion rand ($2.95 billion) plant, expected to produce 3-5 million tonnes of steel a year, Zim said.
"There is a domestic market for steel and an export market. We believe South Africa has significant iron ore deposits and there is room for another steel mill," Zim told Reuters in an interview.
He said the feasibility study, expected to take six months, would start in the next few weeks.
Zim also said the Indian firm, also known as SAIL, would have a leading management role in the running of the plant, which is expected to take three to four years to build.
"We will sit down and decide who does what but (SAIL) will play a big role in management," Zim said.
Zim resigned last year from the board of Kumba Iron Ore (KIOJ.J: Quote), the world's 10th-largest iron ore supplier, to start a new steel firm.
The South African steel market is dominated by ArcelorMittal South Africa (ACLJ.J: Quote), a unit of the world's largest steel producer.
The government has accused ArcelorMittal of charging excessive prices to the detriment of the local steel industry and for failing to pass to consumers the benefits of an iron ore discount it used to receive from Kumba.
State-run SAIL said this week it plans to spend $12 billion to build four overseas plants in Indonesia, Oman, Mongolia and South Africa. [ID:nSGE71K04N]
($1=7.118 Rand)
(Reporting by Agnieszka Flak and Olivia Kumwenda; Editing by Jon Herskovitz and David Hulmes,sourced:Thomson Reuters)
Monday, February 21, 2011
Tata Steel sees Orissa plant output by March 2013
Mon Feb 21, 2011 7:15am GMT
* Likely to invest $3.77 bln in the plant's first phase
* Initial 3 mln T capacity to be doubled later
* India currently accounts for 25 pct of total capacity (Adds details)
NEW DELHI, Feb 21 (Reuters) - India's Tata Steel (TISC.BO: Quote), the world's seventh-largest steelmaker by output, expects to start production from a new Orissa plant by end-March 2013, Managing Director Hemant Nerurkar said on Monday.
The plant at Kalinganagar in eastern India will have initial capacity of 3 million tonnes, which would eventually be doubled.
Tata Steel signed the initial memorandum for the plant with the local government in November 2004 and preliminary work on land acquisition and resettlement of locals is still under way, showed the company's website here p. Nerurkar said the company was likely to invest 170 billion rupees ($3.77 billion) in the plant's first phase.
Tata Steel acquired Corus, Europe's second-largest steelmaker, in 2007 for $13 billion, in the largest overseas acquisition made by an Indian company so far.
European operations account for two-thirds of Tata Steel's global capacity of about 30 million tonnes, while current Indian operations contribute a quarter.
It also has units in Thailand and Singapore.
The steel industry globally has been caught in a margin squeeze since mid-2010, when raw material costs began to steadily rise but steel prices dropped as activity slowed as recession hit developed economies.
While demand is improving from the auto sector, the other key market, construction, is struggling to pull clear of the crisis.
Tata Steel said last week its margins would remain under pressure because of increased raw materials costs as it reported quarterly net profit more than doubled, driven by demand in Europe and growth in its Indian operations. [ID:nSGE71F00F]
Nerurkar said steel prices were likely to be volatile.
He also said the company would like to retain its stake in Australia-based Riversdale Mining Ltd. ($1=45.1 Indian rupees) (Reporting by Mayank Bhardwaj and Ratnajyoti Dutta; writing by Jo Winterbottom; editing by Malini Menon, sourced:Thomson Reuters)
The plant at Kalinganagar in eastern India will have initial capacity of 3 million tonnes, which would eventually be doubled.
Tata Steel signed the initial memorandum for the plant with the local government in November 2004 and preliminary work on land acquisition and resettlement of locals is still under way, showed the company's website here p. Nerurkar said the company was likely to invest 170 billion rupees ($3.77 billion) in the plant's first phase.
Tata Steel acquired Corus, Europe's second-largest steelmaker, in 2007 for $13 billion, in the largest overseas acquisition made by an Indian company so far.
European operations account for two-thirds of Tata Steel's global capacity of about 30 million tonnes, while current Indian operations contribute a quarter.
It also has units in Thailand and Singapore.
The steel industry globally has been caught in a margin squeeze since mid-2010, when raw material costs began to steadily rise but steel prices dropped as activity slowed as recession hit developed economies.
While demand is improving from the auto sector, the other key market, construction, is struggling to pull clear of the crisis.
Tata Steel said last week its margins would remain under pressure because of increased raw materials costs as it reported quarterly net profit more than doubled, driven by demand in Europe and growth in its Indian operations. [ID:nSGE71F00F]
Nerurkar said steel prices were likely to be volatile.
He also said the company would like to retain its stake in Australia-based Riversdale Mining Ltd. ($1=45.1 Indian rupees) (Reporting by Mayank Bhardwaj and Ratnajyoti Dutta; writing by Jo Winterbottom; editing by Malini Menon, sourced:Thomson Reuters)
Wednesday, February 9, 2011
Russia's MMK sees new mill capacity at 1.5 mln T/yr
Wed Feb 9, 2011 11:19am GMT
MOSCOW Feb 9 (Reuters) - Magnitogorsk Iron & Steel Works (MAGN.MM: Quote), Russia's third-largest steelmaker, said on Wednesday its 5,000 mm plate mill has a full order book and that its annual output is about 1.5 million tonnes.
The mill, commissioned in 2009, produced 127,000 tonnes of steel in January, up from 112,000 tonnes in December.
The new mill produces thick steel for industries such as pipe-making and shipbuilding and is part of the company's strategy to increase its value-added production.
The steelmaker, also known as MMK, is in the midst of an aggressive expansion that will see output reach 18.6 million tonnes annually by 2014.
It produced 11.4 million tonnes of crude steel last year and expects 2011 output to increase by 14 percent. (Reporting by Alfred Kueppers, sourced:reuters)
MOSCOW Feb 9 (Reuters) - Magnitogorsk Iron & Steel Works (MAGN.MM: Quote), Russia's third-largest steelmaker, said on Wednesday its 5,000 mm plate mill has a full order book and that its annual output is about 1.5 million tonnes.
The mill, commissioned in 2009, produced 127,000 tonnes of steel in January, up from 112,000 tonnes in December.
The new mill produces thick steel for industries such as pipe-making and shipbuilding and is part of the company's strategy to increase its value-added production.
The steelmaker, also known as MMK, is in the midst of an aggressive expansion that will see output reach 18.6 million tonnes annually by 2014.
It produced 11.4 million tonnes of crude steel last year and expects 2011 output to increase by 14 percent. (Reporting by Alfred Kueppers, sourced:reuters)
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