MWI Bureau

The goals of CNC goals was to have user-friendly equipment, only one cylinder operation for all strands, free top plate for deskulling, reduced tundish costs by cutting down manpower, refractory, and energy, increase caster yield, achieve higher casting time and tundish sequence length.

China's largest steel company, Baowu Steel Group Corp Ltd announced plans to expand its overseas footprint to boost its share of global iron ore mining operations. Baowu Steel Group Chairman Chen Derong revealed that they had selected an overseas target and added that the company would team up with other steel producers and jointly establish a fund to develop the mine, which would supply iron ore with an estimated cost, insurance and freight (CIF) price of roughly $40 per ton which will be well below the average price of imported ore last year. He said the company would team up with other large producers to build a procurement platform to bring down costs.

ArcelorMittal Nippon Steel India, one of the country's leading producers, will shift its strategic focus to domestic markets from exports, the former Essar Steel said Thursday.

Sunflag Iron and Steel Co has selected Danieli India Ltd. for supplying the drives and process automation for a new, 320,000 tonnes per year SBQ bar mill in Bhandara in Maharashtra in India. There, the Sunflag Group has set up a state-of-the-art integrated plant to produce high-quality, special steel rolled products, starting from liquid pig iron and sponge iron.

Steel is an incredibly sustainable material as it can be used repeatedly without any loss of quality or strength. The versatility of steel along with its strength, availability, affordability, and recyclability allows it to be used in a wide range of applications. Steel is a permanent material that plays an important role in ensuring safety, performance and social value and its anthropogenic stock can serve as a future resource. Manufactured steel is never wasted.

Tokyo Steel Manufacturing Co Ltd said that it would keep steel product prices unchanged for a fourth straight month in February, as it awaited confirmation that a recovery in steel markets would continue both at home and abroad.

Jindal Steel and Power Limited has reported consolidated crude steel production of 2.03 million tonnes, up 21 percent YoY whereas the crude steel sales stood at 2.18 million tonnes, up 32 percent YoY. The consolidated turnover in the quarter declined to Rs 9,300 crore from Rs 9,566 crore in the comparative quarter of the previous fiscal.

JSW Group has shut down JSW Forma, its furniture business, in less than a year after its grand launch in April 2019. JSW Living, the holding company of the furniture business, had announced plans of investing around Rs 250 crore over the next five years to become one of the leading steel furniture company and had set itself a sales target of Rs 50 crore in the first year.

All the trade unions and left parties are opposing the proposal to set up a steel plant by POSCO in a joint venture with Rashtriya Ispat Nigam Limited, the corporate entity of Visakhapatnam Steel Plant.

Increasing argon flow to above a critical level tends to reverse the surface flow direction, as the single-roll flow pattern carries molten steel immediately to the surface, raising the liquid flux level near the SEN.