More News in Brief from STI July/August
Vietnamese ore ban
The Vietnamese government said it will raise the export duty on iron ore to 40% in early July from 30% now to ensure the raw material for its domestic steel industry.
The government said iron ore exports in recent years had led many domestic steel manufacturing companies to face shortages of the raw material and forced them to import.
The Vietnam Steel Association and several domestic steel producers had sought a government ban on the export of processed iron ore.
NIS orders Consteel system
Nghi Son Iron and Steel Corporation (NIS) has assigned to Tenova the order for the supply of an EAF equipped with the Consteel system capable of producing 1Mt/y.
It means five Vietnamese steel projects have now selected Consteel technology.
The EAF and Consteel will have a nominal tapping size of 120t and a productivity of 150t/hour of liquid steel. The meltshop will be installed in Thanh Hoa Province approximately 200km south of Hanoi. The steel plant is planed to start production operations in Q2 2013.
Forgemasters in top 10 list
Sheffield Forgemasters strong management team, innovation, past growth and future prospects have earned them a top 10 place in a national business list of UK companies to watch in the future.
The international steel engineering company was showcased in the Sunday Times newspaper’s ‘Ones to Recognise’ list.
The list showcases a selection of companies that have either had, or predict, a good profit growth. The steel group beat off competition from hundreds of UK companies.