NEWS
IRON and STEEL  

AQS imports more pellets, prepares to launch first EAF

Algerian steelmaker AQS has received its second Supramax cargo of direct reduced pellets ahead of launching a 2.5mn t/yr direct reduced iron (DRI) unit by the end of 2019 and a switch to electric arc furnace (EAF)-based steel production.

AQS is procuring pellets from Brazil and Canada, and received its first shipment in September. It is only buying pellets on a spot basis at present, so the exact proportion from each supplier is variable, a market participant said.

The steelmaker — which operates three rolling mills — has been producing long steel products by using imported billet as feedstock. But it is now cutting back on billet imports and preparing to launch two EAF-based production units, which will be partly supplied from the DRI unit.

The first EAF will be commissioned next week and the second in January. They will have combined crude steel production capacity of 2.2mn t/yr.

At present, AQS has capacity to produce up to 1.5mn t/yr of rebar and 500,000 t/yr of wire rod, with the primary aim of meeting domestic demand and reducing Algeria's imports of these products. In the longer term, it aims to boost finished steel production capacity to over 4mn t/yr.

News No: 7464
Date: 2019/11/14 - 19:43
News Source: Argus Media

AQS import  pellet  DRI  EAF  electric 

Comments:

Leave a Comment:

   
   
   
 

Energy Ministry calls on govt. bodies to reduce power consumption

Spokesman of Iran’s electricity sector said that government organizations and agencies account for nearly 4,000 megawatts (MW) of the country’s electricity consumption and they need to reduce this figure by at least 10 percent.
 

Industrial sector's power consumption exceeds 5GW

Electricity consumption by Iran’s industrial sector broke the current Iranian calendar month’s (started on May 21) previous record to reach 5,153 megawatts (5.0153 GW) on Friday, IRNA reported.
 

No water outage, rationing on agenda despite high consumption

Mohammad-Reza Bakhtiari, the managing director of Tehran Province Water and Wastewater Company, has said no water outage or rationing is on the agenda despite the 25-percent increase in the capital city’s water consumption in the Q1 of the current Iranian calendar year (March 20-June 20), IRIB reported.
 

500,000 smart electricity meters installed for big-scale consumers

Some 500,000 smart electricity meters have been installed for large-scale consumers across the country, IRNA reported quoting an official with Iran's Power Generation, Distribution and Transmission Company (known as Tavanir).
 

Reducing electricity losses saves Iran €240m in a year

Iranian Energy Ministry has announced that reduction of electricity losses in the national power grid has saved the country €240m in the past Iranian calendar year (ended on March 19), the ministry’s news portal, Paven, published.
 

Kincora stock soars on new Trundle drill results

Kincora Copper (TSXV: KCC) on Tuesday released more positive results from its ongoing drill campaign at the Trundle copper-gold porphyry project in New South Wales, Australia.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners