Editor's Note

Dear Readers,

Steel is gradually wining preference over other building materials for the construction and infrastructure sector owing to its versatility. So, what is there in store for cement, particularly as one of the major consumers of refractories? Prof. Dr. Helge Jansen, Managing Director of Refratechnik Steel GmbH, tells us. The October newsletter of Iron & Steel Review shares excerpts from his interview.

Maharatna CPSE Steel Authority of India Limited has come up with its Q2 performance. The October newsletter provides details. We also get a glimpse of the performance of the Indian steel industry for August 2021 from the newsletter.

The world’s renowned technology provider has received FAC. Read the October newsletter to know more.

Santosh Mahanti, Editor & CMD

CONTENTS


“We are planning a REFRALINE preshape-plant at our new site at Visakhapatnam”

Iron & Steel Review’s October issue features an interview with Prof. Dr. Helge Jansen, MD, Refratechnik Steel GmbH. In this interview, he speaks about the company’s wide range of refractory products. Edited excerpts:

Steel has overpowered cement in the construction sector. Do you think that the cement industry will gradually cease to remain as a major consumer of refractories?

As long as there is no alternative to the high-temperature process to produce cement in the required amount and costs, refractories for cement will definitely keep its role as a major factor of worldwide cement production. Its importance may even rise with increasing infrastructure projects like buildings, bridges, etc., in developing countries. Hence, the pressure on reducing the carbon footprint of refractories for cement will grow, leading e.g., to optimised products with high performance. In combination with an increasing demand for highly reactive clinker and alternative fuels, the requirements for rotary kiln designs will increase.

Tell us something about the MACHROMEX® series, REFRACAST® products and REFRALINE® components from Refratechnik.

MACHROMEX is Refratechnik’s brand name of Mg-Cr-refractories. We offer a broad variety of bricks, all ceramically bonded (normal-, semi-direct-, and direct-bond) with Cr2O3-contents up to 40%, based on DBM and FM, mainly for the non-ferrous industries. REFRACAST is the brand name for all unshaped refractories that can be cast into a lining or a preshape. Refratechnik indicates the way of application in their brands’ names (REFRACAST – Casting, REFRAJETCRETE – Jetcreting, REFRARAM – Ramming, etc.). The portfolio comprises REFRACAST-monolithics based on all kinds of non-basic refractory raw materials. REFRALINE is the brand name of all kinds of preshapes, like purging-plugs, well-blocks, runners, lids, burner-blocks, etc. Our factory in Dülmen, Germany, is able to design and produce even sophisticated shapes like thin sidewalls and heavy single pieces up to 5 Tonnes. We are planning a REFRALINE preshape-plant at our new site at Visakhapatnam, too.


Iron & Steel summary for August 2021

Hon’ble Steel Minister (HSM) reviewed the status of supply of Rails to Indian Railways by SAIL on 6th August, 2021 and issues relating to Environment & Forest Clearances of Steel CPSEs pending with MoEF&CC on 10th August, 2021. He also reviewed the progress of MoU with Russia for import of Coking Coal used in steelmaking and issues related to land and environment & forest clearance of private sector on 13th August, 2021.

Production & consumption scenario

Crude steel production declined by 2.3% in August 2021 from July 2021. During the month under review, production of finished steel rose by 1.3%, while consumption of finished steel decreased by 3.0% over July 2021.

Export-import scenario

During August 2021, export and import of finished steel declined by 12.0% and 3.4%, respectively, over July 2021. India was a net exporter of finished steel during August 2021.



SAIL’s Q2 PAT stands at Rs. 4,339 Crores

State-owned steel giant Steel Authority of India Limited (SAIL) has reported a consolidated Profit After Tax (PAT) of Rs. 4,339 Crores during the second quarter (Q2) of FY 2021-22. The company had posted a PAT of Rs. 3,897 Crores in Q1 FY’22.

During the quarter under review, SAIL’s revenue from operations and consolidated Profit Before Tax (PBT) stood at Rs. 26,828 Crores and Rs. 5,795 Crores, respectively. Consolidated EBITDA for the September quarter was at Rs. 7,290 Crores as against an EBITDA of Rs. 6,741 Crores in Q1 FY’22.

On a standalone basis, SAIL posted a PAT of Rs. 4,304 Crores in Q2 FY’22. Its standalone revenue from operations increased to Rs. 26,827 Crores.

SAIL produced 4.468 Million Tonnes (MT) of crude steel during the quarter under analysis. Its sales were at 4.280 MT in Q2 FY’22.

SAIL’s gross borrowings stood at Rs. 22,478 Crores as on September 30, 2021, as against Rs. 35,350 Crores as on March 31, 2021, which is a reduction of Rs. 12,872 Crores during H1 FY’22.

The company’s board has approved an interim dividend of Rs. 4 per share for FY’22 to the shareholders.


Primetals Technologies receives FAC for hot strip mill drive upgrade at Algoma Steel

Primetals Technologies has received the Final Acceptance Certificate (FAC) for its drives upgrade project with Algoma Steel, Inc. of Sault Ste. Marie, Canada.

The hot strip mill’s master drives for the downcoiler were replaced with state-of-the-art drives at Algoma Steel’s direct strip production complex.

Unusual challenges for the project involved synchronous motors in the new drives, and voltage levels requiring special certification by the Canadian Standards Association. The 690 V AC drive lineup falls between Canada’s current codes for low voltage up to 600 V and medium voltage at 1000 V.

Despite the additional time required for CSA approval and COVID-19-related staffing limitations, the project was completed ahead of schedule.

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