Naijaintel_ news’ Post

Structural Steel Grades: Choosing the Right Material for Your Project Selecting the appropriate #structuralsteel grade is a critical decision when it comes to construction projects. With various types of structural grade steel available, including carbon steel, stainless steel, tool steel, and alloy steel, it's essential to consider several factors to ensure the optimal choice for your project. In Nigeria, the prevalent use of low carbon steel grades in construction aligns with the specific requirements of local projects, while the demand for medium or high carbon steel and alloy steel remains relatively low. From H beams, columns, and angle bars to sheet plates, seamless pipes, and wire mesh, Nigeria relies on a diverse range of carbon steel products. https://lnkd.in/dxy4dsi6

News: Construction boom leads to cement shortage in Kyrgyzstan Kyrgyzstan: Amidst a nationwide construction boom, Kyrgyzstan faces a cement shortage in its northern regions... #cement Read the full story here: https://lnkd.in/eJT9H4Qe

THE BOOM IN CONSTRUCTION INDUSTRY CREATS A LOT OF BUSINESS IN ALMOST 40 CONNECTED INDUSTRIES IN PAKISTAN. Therefore there is a dire need to facilitate Construction Industry in Pakistan. Present Government of Pakistan must decrease many taxes on Contractors, on Cement product, Steel, and other building materials. Cement and Steel prices are at highest level in Pakistan's history.

A decrease in Chinese steel demand is expected in 2024 China, as the world's leading steel producer, is expected to consume 890 million tons of steel this year, leaving a significant surplus, MPI officials said. Official data released last week revealed that China produced 952.14 million tons of raw steel in the first 11 months of 2023, up 1.5% from a year earlier. Despite previous estimates, China exported 82.66 million tons of steel products this year, the highest level since 2016. The country's steel industry has faced significant pressure from the embattled real estate sector, causing demand for construction steel to fall by 4.8% compared to 2022, or a total of 506 million tons, according to MPI researchers. In 2024, steel demand is predicted to fall to 875 million tons, with researchers expecting a 4% decline in construction steel demand next year. However, they noted that demand from the infrastructure sector could slightly reverse the decline in the real estate market. Click for more ➡ https://lnkd.in/dFjfTWka TR ➡ https://lnkd.in/dJMvMvuh

Asia Metal Prof, the largest steel producer in Uzbekistan, plans to build a $106.9 million plant in Kazakhstan. The company is considering building a plant in the Taraz industrial zone in the south of the country. The company will produce square billets and thin-gauge galvanized steel with a polymer coating. Negotiations between investors and local authorities have already begun to discuss the terms of the project, including the availability of energy, engineering and transport infrastructure. The regional authorities assured of their support and emphasized that the construction of the plant must comply with environmental standards. The land plot for the construction has already been allocated and secured by the relevant documents. Work is currently underway to prepare the estimate and design documentation. Read more here🔽 #GMKCenter #Ukraine #steelmakers #steel #project #investments #Kazakhstan #Uzbekistan #metals

The Federal Government through the Ministry of Steel Development is considering a concession process for the moribund Ajaokuta Steel Company as part of efforts to hasten its revival. The Ajaokuta roadmap implementation will create 500,000 jobs. It also hinted at a three-year ultimatum to kick-start operations and production of steel in line with a directive from President Bola Tinubu. The Minister of Steel Development, Shuaibu Audu, disclosed this during an interaction with journalists on Friday in Abuja. This comes barely a year after a High Court in Kogi State restrained the government from a planned concession of the Ajaokuta Steel Company Limited and the National Iron Ore Mining Company at Itakpe. He said, “About the three-year plan for Ajoakuta Steel and whether we should assume that it would start working, I think the short answer is yes. “The three-year plan is to enable us to start production, of some form of steel production in the next three years, so we should be able to get the light steel mill working, the engineering workshop working, we should be able to get some the lines plants working and operating at near full capacity or full capacity. “Part of what we would also do within that three years is to concession it to a concessionaire that has the required skill set to be able to have liquid steel production coming out of blast points. Ideally, in a perfect scenario, that’s what we would like. “And I suspect that the concession agreement to be worthwhile for the concessionaire would have to be a minimum of let’s say, 10- or 30-years agreement where they would be able to recoup their capital.” According to him, the implementation of the roadmap which requires an investment of $5bn will create 500,000 jobs and possible revenue of $10bn. Audu further stated that the ministry was considering all available options with stakeholders to avoid the misdeeds of previous administrations, adding ongoing litigations have been resolved. #GodBlessNigeria #MayTinubuSucceed

Ukraine plans to privatize a strategic enterprise for reconstruction. At the beginning of 2024, the Cabinet of Ministers may put the Kramatorsk cement plant Pushka up for auction, said Pavlo Kachur, president of the Ukrcement association. The company was included in a list of 50 companies that are to be sold as part of the large-scale confiscation of Russian assets. The object is considered very promising, given the future reconstruction and the need for cement. In addition, the Pushka’s infrastructure allows production to begin almost immediately; to operate at full capacity, the equipment needs to be modernized. According to Kachur, the price will be favorable, given that foreigners will not risk buying an enterprise in Kramatorsk. The investor only needs to build a furnace, which is more accessible than building an entire production site. “Because if you buy a bare site, you need project approval from all authorities, which takes a lot of time“, Kachur noted. https://lnkd.in/dvNzf9Qr.

Myanmar’s demand for construction #steel is rising slowly, in line with public and private construction activity. As steel production is limited in the country, curtailments on imports have affected steel consumption, Kallanish understands from a recent South East Asia Iron & Steel Institute conference in Vietnam. Read more: https://lnkd.in/dpxy-P_U #dailynews #steelnews

Romania plans to restart the operation of the Otelu Rosu steel plant, which has been idle since 2013. The Otelu Rosu steel plant is equipped with a 100-ton electric arc furnace, which was last modernized in 2011. The company has been sold many times, including in 2005 by Ductil Steel Buzau, a group that was part of the Russian Mechel. In 2013, Mechel sold all of its Romanian assets to the local company Invest Nikarom. In 2019, LDME acquired the assets of the Otelu Rosu plant, and in early 2024, it became known that Romanian businessman Dorinel Umbrarescu, owner of the construction company UMB Group, purchased the plant for €12 million. The investor plans to manufacture metal structures necessary for the group’s construction activities at the plant. Recently, it became known that UMB plans to invest more than €300 million in the restart of the enterprise. «The investment will ensure the production of steel structures needed for infrastructure projects in Romania. The commissioning of the plant, located in the western county of Caras Severin, will create more than 600 jobs,» comments Romanian Prime Minister Marcel Ciolacu. Otelu Rosu specializes in the production of low-, medium-, high-carbon and high-alloy billets, which are then rolled into rebar, wire or other specialty products. The plant’s design production capacity is 850 thousand tons of steel per year. There is one operating blast furnace steel mill in Romania, Liberty Galati. Its capacity reaches 3.2 million tons of steel per year and 2.1 million tons of iron per year. In 2022, Romania produced 2.6 million tons of steel, compared to 3.3 million tons in 2021 and 2.7 million tons in 2020. Read more here🔽 #GMKCenter #Ukraine #steelmakers #steel #EU #Europe #investments #Romania #blastfurnace #metals