Turkey annual stainless steel demand depends on imports
Turkey's annual demand for stainless steel reaches more than 700,000 tons, of which 75% depends on imports. Therefore, China mills have taken advantage of its complete supply chain and affordable prices, and the export volume to the Turkish market has increased significantly.
Stainless steel production 43 MMT in 9 months of 2021
The International Stainless Steel Forum (ISSF) has released figures for the first nine months of 2021 showing that stainless steel melt shop production increased by 16.9% year-on-year to 43.0 million metric tons.
First AISC stainless steel standards published
AISC (American Institute of Steel Construction) has published the first two stainless steel standards: ANSI/AISC 370-21 Specification for Structural Stainless Steel Buildings and ANSI/AISC 313-21 Code of Standard Practice for Structural Stainless Steel Buildings are available to download free of charge at Current Standards | American Institute of Steel Construction (aisc.org).
KfW IPEX-Bank finances Austrian exports to JSL in India
KfW IPEX-Bank is providing USD 82M in financing to support Austrian companies Primetals Technologies Austria GmbH and Andritz AG in supplying products and services to the Indian market leader in stainless steel production, Jindal Stainless (JSL).
Venus Pipes & Tubes files papers to garner funds
Venus Pipes & Tubes has filed draft papers with markets regulator Sebi to raise funds through an initial share sale. Through the Initial Public Offering (IPO), 50.74 lakh equity shares of the company will be sold, according to the Draft Red Herring Prospectus (DRHP).
RCF gets Govt. approval for setting up new NPK plant
Rashtriya Chemicals & Fertilizers (RCF) said that it had received approval from the Department of Fertilizers (DOF) for setting up an NPK plant.
India to witness start of significant petrochem project
India is likely to start the operations of 281 petrochemicals projects from 2021 to 2025, accounting for nearly 34% of the total upcoming petrochemicals project starts in Asia by 2025, according to GlobalData, a data and analytics company.
Equipment for Kudankulam NPP getting ready in Russia
Russia's integrated nuclear power player ROSATOM said one of the critical components for the upcoming 1,000 MW atomic power unit at Tamil Nadu's Kudankulam is getting ready in Russia. ROSATOM said its group company has started welding the upper semi-vessel of the VVER-1000 nuclear reactor for the fifth unit under construction at Kudankulam.
Nanotech Institute to produce new fertilizer variety
The Institute of Nanotechnology in Sri Lanka has taken measures to introduce a new variety of fertilizers containing phosphate potassium and nitrogen to increase the value of locally produced phosphate fertilizers.
TDi Sustainability published a paper with IMOA
‘Molybdenum profile for supply chain due diligence and responsible sourcing’, a paper from TDi Sustainability, produced in collaboration with the International Molybdenum Association (IMOA).