A selection of News in Briefs from the July/August issue
Metals for Building alliance
The steel industry has helped launch the Metals for Buildings European alliance. It has called on EU legislators to consider end-of-life recycling rate of building products as a resource saving indicator.
It brings together nine European metals associations active in the building sector to promote the strengths of metal products for recyclable & sustainable buildings.
The use of metals should be considered as an investment, and not as pure consumption. Metal scrap collection and recycling from the demolition or renovation of buildings is already a well-established business activity thanks to the high intrinsic financial value of metal scrap.
Indian group JSW Steel has awarded two contracts worth $135M to Harsco group.
The 10-year contracts include the briquetting and micro-pelletizing of JSW’s iron and steelmaking by-products at the massive Vijayanagar production facility, where JSW plans to produce 10Mt/y of flat and long products.
Harsco’s resource recovery technologies will enable JSW to recover the high-value iron content of its by-products for re-use in the production of new steel and iron.
South African acquisition
SMS Siemag has bought a majority share in South African group Metix.
Metix has been involved in plant construction and equipment supplies for the ferroalloy industry for 10 years. Its products and services cover planning and supply of equipment and plants, especially for the production of ferrochromium and ferromanganese.
SMS Siemag has a strategy of expanding in the field of submerged-arc furnace technology for the production of ferroalloys, Si metal, nonferrous metals and calcium carbide for new plants and revamps.
NMLK completes Duferco deal
NLMK has completed its acquisition of the remaining 50% interest in Steel Invest and Finance (SIF) from Duferco Group for $600M.
It now owns all of SIF.
As part of the deal, SIF has transferred to Duferco Group certain non-core assets consisting of long products operations with 0.3Mt/y and Belgian steelmaking operations with 3Mt/y capacity.