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IRON & STEEL REVIEW
June 2009
Signs of improvement in Indian steel, light at the end of the tunnel |
SAIL achives record turnover Rs.1,487cr. PAT in Q4 of FY’09
SAIL recorded a profit after tax of Rs1,486.68 crore during Q4 of financial year 2008-09, in spite of the economic meltdown and rise in input costs. The profitability of the company during Q4 was 76% higher than the PAT in Q3 – though lower by 37% compared to the orresponding period of last year (CPLY). The company’s audited financial results for financial year 2008-09 were taken on record by the SAIL Board of Directors. The turnover in Q4 at Rs13,008 crore, EBDITA at Rs2,658 crore and PBT at Rs2,287 crore were lower by 16.2%, 34.1% and 37.6% over Q4 of 2007-08 but higher by 30.8%, 57.8% and 81.9% over Q3 of 2008-09, respectively.
SAIL sets production target for FY2009-10
Despite the economic slowdown, state-owned Steel Authority of India Ltd (SAIL) says it has set a target production for the 2009-10 fiscal year of “about 12 mt” of saleable steel. In a statement SAIL described this as “a higher target”, but it would leave output below the 13 mt of saleable steel that the company produced in the year ended 31 March 2008.
VIEWPOINT
Signs of improvement in Indian steel, light at the end of the tunnel
Better late than never and Indian steel industry has already started showing up indications of a much awaited improvement in recent times. Better still that the news of improvement in the Indian steel is seen a little earlier than it was first thought to be. Perceptions sometimes are slower than actual happenings. In recent times, the steel prices have been stable so far and the demand for steel is also started pouring in. However, the industry is still looking at it cautiously though, the market watchers are ready to take this as a mark of improvement.
COVER STORY
Sarralle provides technology, methodology & turn-key solutions
Established in 1960 and headquartered in Spain, Sarralle Equipos Siderurgicos, S.L., is one of the leading providers of solutions for steel making – having supplied equipment such as electric arc furnaces, ladle furnaces, continuous casting machines, secondary metallurgy VD/VOD equipments, fume extraction systems, control & automation systems (Level I & II) and all kind of auxiliaries to major steel producers in the world.
FOCUS
Is the demand growth expected to remain strong ? Will capacities come on stream ?
The average growth in the global steel industry during 2002-07 was 8%. The growth was spearheaded by the BRIC countries. However, the scenario has undergone a drastic change since and the fortunes of the steel industry have been adversely affected by financial meltdown and global recession that has followed.
India Steel Market Predictions
Steel has been the buzz word for the last few years due to its impressive growth rate, especially triggered by China. Steel is a very cyclical industry with its ups and downs and currently we are undergoing the down phase. In 1998 World crude steel production was 777 million tonnes while in 2008 it was 1,329 million metric tonnes a growth of 71% but the peak was in 2007 where the World crude steel production stood at 1,344 million metric tonnes.
Indian steel industry & outlook
India’s economy is largely domestic consumption led and accordingly it has been less affected by the deceleration in global economic growth when compared to other countries. Exports account for 14% of GDP, while much of its growth is based on services, 54% of GDP. Nevertheless, the economic slowdown in the country started to surface in late 2008. GDP in the fourth quarter of 2008 grew at 5.3%, compared to 8.9% for the same period in 2007.
Global steel industry awaits China & US auto industry to turnaround fast
Steel is on edge and the global industry is cutting back hard, hanging on for either a budget blast from China, new credit for vast Middle Eastern building schemes or resurrection of the US auto industry. Demand has dwindled and steelmakers, notably the giant of them all, ArcelorMittal, are damping down surplus furnace capacity while waiting for credit to flow, construction cranes to turn and factories to roll.
STEEL TECHNOLOGY
50 years of consolidation and innovation in strip processing lines
The 30 years’ boom period after World War 2 and till 1973 was characterized by an exponential growth of steel consumption by the developed countries. With the Marshall plan the HSM arrived in Europe for three to four million tons’ yearly production of flat products. In parallel, the American metal engineering companies transferred their know-how to European equipment suppliers through various license agreements and the (more often state-owned) steel producers developed their own engineering capabilities mainly for the coordination of steel plant construction.
Danieli Advance Systems Solutions
With the traditional service approach, the plant Owner with a breakdown buy to Danieli parts, repairs, and technical services as the plant requires. The overall objective is a price focus in which lowest price bids are solicited for troubleshooting, training, repairs, and new
replacements parts.
Steel Scrap Haulage: A Look at How Advances in Rear-Eject Technology Have Enhanced and Streamlined the Steelmaking Process at Minimills
With the advancement of rear-eject technology being utilized on off-highway trucks for steel scrap haulage, minimill operators and contractors have found substantial efficiencies within their operations. With this new way to properly load charging buckets for more efficient, less costly steel production, one can move away from rail yard scrap pickup and the loading of charge buckets with overhead crane magnets and achieve the efficiencies of selectively choosing, melt after melt, the best steel charge in the scrap yard, and then loading the charge bucket exactly as desired to achieve minimal charge bucket damage and maximum furnace productivity. With the use of off-highway trucks with a unique truck body, one can create exactly the right charge mix and place this charge mix in the charging bucket exactly as it should go into the furnace for the shortest tapto-
tap times.
Safety and Efficiency Improvements Utilizing Digital DC Controls
Today’s global market presents pressures to achieve what sometimes seem to be mutually exclusive results: improved safety of personnel and equipment; increased throughput efficiencies; reduced energy consumption; reduced maintenance costs; increased reliability; and reduced operating
costs.
STEEL INTERNATIONAL
Danieli Corus to build its fourth >Greenfield< Blast Furnace in India
Danieli Corus BV, The Netherlands, as consortium partner, has been awarded the order for turnkey supply of the new No. 5 Blast Furnace on a Greenfield basis for Rourkela Steel Plant, owned by the Steel Authority of India Ltd. (SAIL).
World's First Ore-Grinding Mill with Frozen Charge Shaker Starts Operating in Brazil
In the “Paracatu” gold mine belonging to the Canadian based mining company Kinross Gold Corporation, Siemens started up the world's first ore-grinding mill with the Frozen Charge Shaker function in December 2008. With the help of this solution, which is integrated in the Simine Mill GD gearless mill drive, charge that has become firmly attached (frozen) to the inside wall of the mill can be removed as required. This prevents the mill from being damaged as a result of charge falling down in an uncontrolled manner and also, simultaneously, reduces maintenance times considerably. Given that production is worth thousands of US dollars per hour, a production loss of several million US dollars incurred for each maintenance cycle can be avoided.
STEEL MARKET
Worldwide steel production might fall 14%, said WSD
The global steel industry is likely to cut production by at least 10% next year, the largest drop in 60 years, according to analysts. There was a sharp drop in orders from construction, automotive and domestic appliances in September and October. Steelmakers such as US Steel Corp. in Pittsburgh, ArcelorMittal, OAO Severstal and Corus, owned by Tata Steel, have reduced production. World Steel Dynamics, a US consulting firm, said worldwide production might fall 14%.
REFRACTORY
Improvement on the injection refractories for RH degasser
In accordance with the increasing demands for high quality steel, the roles of RH degassing operation have become important more and more, resulting in the necessity for higher availability which is regulated by the service life of relined and repaired refractories to some extent. Followed by snorkel change, the injection method is applied for repairing the throat and bottom parts of lower vacuum vessel usually under the hot condition. The service life of the injected refractory should be equal to or longer than that of snorkels, which is occasionally unachievable because of the insufficient repairing refractory body structure as well as severe wear mechanism caused by high circulation rate of the treated steel.
STEEL COMPANIES
SAIL records Rs. 1487 cr. PAT in Q4 of FY ’09
SAIL recorded a profit (after tax) of Rs. 1,486.68 crore during Q4 of financial year 2008-09, in spite of the economic meltdown and rise in input costs. The profitability of the company during Q4 was 76% higher than the PAT in Q3 – though lower by 37% compared to the corresponding period of last year (CPLY). The company’s audited financial results for financial year 2008-09 were taken on record by the SAIL Board of Directors here today. The turnover in Q4 at Rs. 13,008 crore, EBDITA at Rs. 2,658 crore and PBT at Rs. 2,287 crore were lower by 16.2%, 34.1% and 37.6% over Q4 of 2007-08 but higher by 30.8%, 57.8% and 81.9% over Q3 of 2008-09, respectively.
MEIDA SUMMIT
Report on Siemens VAI Media Summit Metals & Mining, Moscow Siemens VAI focuses on growth markets
Siemens VAI Metals Technologies, the world’s leading supplier of equipment and services for the production of steel and iron, is focusing on the future growth markets in the steel industry sector. “We intend to align our steel business to the new market structures, primarily those developing in China, India and Russia,” explained Jens Wegmann, CEO of the Siemens Division Industry Solutions at an international press conference in Moscow.
PRE-ENGINEERED METAL BUILDING SUPPLEMENT
Steel solutions need to be explored more
Multicolor Projects (India) Ltd. specializes in manufacture, supply and erection of (PEB) Pre-Engineered steel buildings. MPIL pre-engineered buildings are custom-designed to meet exact requirements using steel structures, plate welded H/I beams, roofing/cladding steel profiled sheets, “z” and “c” sections/channels, single skin and insulated sandwich panels and other building accessories such as doors, windows and louvers. MPIL has its own PEB manufacture plant that spans over 200,000 square feet at MIDC Tarapur, Maharashtra . This plant deals with various pre-engineering fabrication processes such as manufacture of high tensile H/I beams, cold roll forming, roofing, cladding, and other steel value addition processes. MPIL has production capacity of 120,000 tons of structural steel per year. MPIL is also JSW Steel Limited’s Authorized service provider.www.mpil.in
ZAMIL STEEL The Ultimate Steel Building Solution Provider
Founded in 1977, Zamil Steel (ZS) is a global leader in the manufacture of pre-engineered steel buildings and the Middle East’s premier supplier of structural steel products and process equipment, transmission and telecommunications towers. Zamil Steel comprises four business divisions: a) Pre-Engineered building Division, b) Structural steel Division, c) Tower & Galvanizing Division & Canam Asia Limited.
Kirby…Simplifying the complex structures
In the late 90s, India witnessed a surge in industrial infrastructure and need was felt for faster and yet economical project completion. Kirby Building Systems, an affiliate of Kuwait based Alghanim Industries, entered Indian market with the concept of Pre-Engineered Steel Building Systems (PEB) in the year 2000. Prefabricated primary and secondary steel structures using computer aided design and detailing and in house manufactured cladding components made it possible to deliver totally customized building solutions in a very short span of time.
Shaping your Imagination
Pennar Engineered Building Systems Limited is set up for the Design, Manufacture, Supply and Installation of cost effective Pre Engineered Steel Buildings and Building Components for industries, warehouses, commercial centers, multistoried buildings, aviation sector, defense installations, and sports facilities.
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