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IRON & STEEL REVIEW
November 2009
NMD-ATM sketches a brighter picture of Indian steel in the near future |
SAIL pays Rs. 460.81 cr. as final dividend to Govt. for FY ‘09
Hon’ble Union Minister for Steel Shri Virbhadra Singh, on behalf of Steel Authority of India Limited (SAIL), today handed over a cheque for Rs. 460.81 crore to Prime Minister Dr. Manmohan Singh towards final dividend to the Government of India for FY ‘09. Present on the occasion were Secretary (Steel) Shri P.K. Rastogi and SAIL Chairman Shri S.K. Roongta.
SAIL Q2 PAT of Rs. 1663 crore betters Q1 by 25%, lower by 17% YoY
The unaudited financial results of Steel Authority of India Limited (SAIL) for July-September (Q2) of FY ’10, taken on record by the company’s Board of Directors here today, showed profit after tax (PAT) at Rs. 1,663 crore, an improvement of 25% in performance over the previous quarter, lower by 17.3% over the corresponding period last year (CPLY).
VIEWPOINT
NMD-ATM sketches a brighter picture of Indian steel in the near future
The 47th National Metallurgists’ Day (NMD) under the aegis of the Ministry of Steel, Government of India was celebrated along with the International Symposium on “Emerging Challenges for Metals & Minerals: Engineering & Technology” and the 63rd Annual Technical Meeting (ATM) of the Indian Institute of Metals in Kolkata, the ‘Gateway of Eastern India’, recently, being jointly organised by BESU and Kolkata Chapters of the IIM.
SPECIAL FEATURE
Dry Coal Jigging – A suitable alternative for Indian Power Coals
According to the predictions of economists, the Indian Economy is expected to grow at a minimum rate of 6 - 7%, even with a worldwide recession. One major factor that could hinder the economic growth would be a shortage of available power.
COMPANY NEWS
Implementation of manufacturing execution system at SAIL-BSP
With the signing of contract with M/s Posdata, Korea on 10th November 2009, Bhilai Steel Plant, the first PSU Integrated Steel Plant to have successfully implemented Enterprise Resources Planning (ERP) – SAP, has now taken up the implementation of MES, an Industrial IT tool for improvisation in Production Scheduling and Optimization of manufacturing operations. The flagship unit of navratna PSU and steel major SAIL thus joins the elite club of integrated steel majors such as POSCOKorea, ISPAT who have already deployed MES to achieve ‘manufacturing excellence to enhance customer delight.’
SAIL-BSP wins Prime Minister’s Trophy for Best Steel Plant for 2006-07 & 07-08
Proven as the best twice all over again in the domestic steel industry charts by an eminent panel of technocrats and bureaucrats evaluating performances of Integrated Steel Plant (ISPs) in the country over a wide range of parameters in 2006-07 and 2007-08, Bhilai Steel Plant (BSP), the flagship unit of Steel Authority of India Ltd (SAIL) has won the Prime Minister’s Trophy for Best Integrated Steel Plant in the country for both the years.
Solutions, value & partnership – SKF’s mantra for India announces slew of new initiatives
SKF inaugurated its first SKF Solution Factory in India at Pune on 3rd November 2009. The new facility was inaugurated by the SKF Group President and CEO Tom Johnstone and SKF India Managing Director Rakesh Makhija. The ultimate objective of the SKF Solution Factory is to make SKF offerings from its five technology platforms – bearings and units, seals, mechatronics, services and lubrication solutions – more available for customers and provide them with customized solutions by combining and integrating different products, systems and services. The SKF Solution Factory will play an important role in giving customers access to SKF’s full capabilities by combining its expert knowledge from industries, technology platforms and overall working processes.
World steel’s all out efforts to regain strength from a catastrophic situation
Pointing that the global recovery is stronger than expected, experts have analyzed that apart from robust boost in the Chinese
demand for steel, the American and the European economy have also depicted a stronger steel market with rising demand
for the metal. In a current market forecast for demand and price of steel metal across the world suggest that the major
economies have shown tremendous growth potential for the metal and that after a serious fall in the price of the metal, the
price and the demand for the metal looks much lucrative… a report on the recent trends of the recovering world steel market.
FOCUS
LN Mittal a visionary who takes the world of steel in his strides at a blistering pace
Steel Tycoon Lakshmi Niwas (alias, Narayan) Mittal, the 57 year old non resident Indian living in Kensington, London, is the fourth richest person in the world, with a personal fortune of US$45.0 billion according to Forbes magazine. The Financial Times named Lakshmi Mittal its 2006 Person of the Year. This London-based Indian billionaire industrialist, was named one of the "100 most influential people" by Time magazine in May 2007. He was also listed as the richest person in Britain in the Sunday Times Rich list 2005.
Colossal expansions with rapid consolidation help Indian steel keep rough times at bay
With major investments making inroads in the nation and the growth in the secondary steel sector, including electric arc and induction furnaces, sponge iron units and standalone rolling mills along with the set up of small and medium projects in the capacity range of 500,000 to one million tonne has made the steel sector gain more stronger foothold. He was too elated to mention that all the ongoing projects of the domestic steel majors that included 3 mt plant of Tata Steel in Orissa, 6 mt project also in Orissa by Essar Steel and 2.5 mt unit each in Orissa and Jharkhand have achieved tremendous progress in the recent times that is gradually paving a smooth way for 33 mt brown field capacity in the country.
Iron firms takes on pellet advantage for robust growth
Amidst a rough market situation, carrying the production lines in the most economical way is the chief concern of the people from the basic and key industries. They seem to be more open to the methods that would result in both time and cost advantage. The most recent move, these firms have undertaken is invest more into pellet plants to churn maximum benefits of pelletisation process.
STEEL INTERNATIONAL
Successful blow-in of Blast Furnace No.1 at Ispat Dolvi, India
Danieli Corus has continued to support Ispat Dolvi by offering assistance during the blow-in of Blast Furnace No. 1 (working volume 2205
m3, hearth diameter 10.8 m) in May 2009.
Manufacturer of laser-based measuring equipment continues expansion course - New Sales Manager “Metals” at LAP
Axel Schulz expands worldwide sales network for measuring systems used in the metals industry Dr. Axel Schulz will be responsible for managing and expanding the worldwide sales network for laser systems used in the steel and non-ferrous metals industry.
STEEL TECHNOLOGY
State-of-the-art abrasive cutting machines to improve the operation of modern rolling mills
In order to respond to the increasingly demanding requirements of their customers and to remain competitive on the market, the steel mills have been facing pressure to adapt their operation procedures and production facilities to meet the most stringent criteria regarding product costs (to be as low as possible), production flexibility (as high as possible), product quality (as high and reliable as possible), etc. This also concerns the hot rolling operations as one of the main processes in the steel industry.
REFRACTORY
Development of improved quality spinel castable For steel ladle bottom
Monolithic lining in steel ladles is gradually gaining its pace, replacing conventional brick lining. Brick lining bottom is labor
intensive, which is gradually becoming a major cost bearing factor in developed countries, also it has a shortcomings of opening
joints during operation. On the contrary, monolithic bottom is easy to install and requires less time. The recent development
with more efficient particle packing and lower requirement have given a way to achieve improved green density and strength
without sacrificing the castable workability. As the density increases, the possibility of reduction of spalling resistance increases.
So, introduction of spinnel came into picture with an aim to reduce structural spalling which suppresses the slag penetration
to the cast bodies. The grain size distribution of the spinnel particles is playing a major role in determining the spalling resistance
as well as erosion and corrosion resistance. The present paper describes the development of such high corrosion and high
spalling resistance spinnel castable, which has been produced in commercial scale in our plant in China and has been sent for
field application to a plant in USA for use in their 220 Ton ladle bottom and has given encouraging life.
STRIP PROCESSING
Upgrading of existing process lines to face the crisis
Steelmakers worldwide aim at two main targets: lowering production costs and improving product quality. During economic downturns competition becomes tough and product quality together with production costs becomes critical for growth in a harsh market environment. These targets can be achieved by revamping existing processing lines while reducing investment costs. This paper describes the major revamping projects performed by Tenova Strip Processing, starting from the most recent ones, and highlights how the requirements of the major steelmakers worldwide were met.
SEMINAR & CONFERENCE
wire and Tube Southeast ASIA manifest itself as the region's number 1 wire, cable, tube and pipe platform
wire and Tube Southeast ASIA 2009 has manifested itself as the region's number 1 and most successful wire, cable, tube and pipe platform. The trade fairs came to a close on an optimistic note, attracting close to 5,000 high caliber trade visitors and buyers from 57 countries and economies. Approximately 30% of the visitors came from outside Thailand. ASEAN visitors inclusive Thailand accounted for about 85% of the total visitor attendance, signifying that ASEAN buyers are increasing viewing Thailand as a hub for trade and commerce and gateway for product distribution. A significant number of visitors came from China, India, Japan, South Korea and the Middle East. The impressive turnout of high caliber visitors reinforces wire and Tube Southeast ASIA'S position in providing the most effective platform for doing business in this region.
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