Industry News

On December 21, the special technical docking meeting on converter system energy efficiency improvement for the ultimate energy efficiency project in the steel industry was successfully held in Yuquan District, Yingkou City     In order to better implement the "Ultimate Energy Efficiency" project in the steel industry, promote the rapid promotion and application of advanced and mature technologies and the collaborative research and development of common problem technologies, the China Iron and Steel Industry Association organized and held eight special technology docking meetings in accordance with the annual plan to provide "dual carbon best practices" "Energy Efficiency Benchmark Demonstration Factory" cultivates enterprises and technical units to build a communication platform to promote enterprise energy saving and improvement. This meeting is the eighth special meeting after seven matchmaking meetings on blast furnaces, electric furnaces, coke ovens, by-product gas, low-temperature waste heat, digital empowerment, and compressed air.   Huang said in his speech that China's steel industry "ultimate energy efficiency project" since its official launch on December 9 last year, has been the steel enterprises and upstream and downstream strong support from ecosystem companies. The project mainly completed the following tasks: First, the development of key workbench can save the benchmark data filling system, consolidate the data management foundation. The system is based on the enterprise energy balance sheet, combined with the cultivation of enterprise energy consumption, statistics, analysis and group standard regulations. The energy consumption calculation tables and energy consumption adjusting tables for coking, blast furnace, converter and electric arc furnace are established, which standardize the statistical boundaries and calculation methods of each energy medium to the greatest extent, and can not only realize the energy consumption standard among the main equipment of the enterprise, but also can analyze the influence accurately.   The important factors of the difference in index values provide a solid data basis for enterprise energy efficiency benchmarking and technical benchmarking. The second is to organize industry forces to improve the "three lists" work and actively play the guiding role of the association. The "three lists" refer to a technology list, a policy list and a capability list. The technology list contains 50 mature technologies, which is a summary of the experience of energy efficiency technological transformation of many enterprises over the years; The policy list contains a total of 26 documents, summarizing the policy incentives and support for energy efficiency improvement by national ministries and local governments. The capacity list (expected to be officially released in January next year) involves 139 technologies from 84 units, including outstanding suppliers of multi-process technologies...

On the evening of December 18, Beijing time, Nippon Steel and U.S. Steel jointly announced that Nippon Steel would make a pure cash acquisition of U.S. Steel at a price of US$55 per share. The offer represents a nearly 40% premium to last Friday’s closing price of $39.33. The transaction has been unanimously approved by the boards of directors of Nippon Steel and U.S. Steel.     According to U.S. Steel, the US$55 offer corresponds to an equity value of US$14.1 billion. Taking into account the debt assumed, the enterprise value corresponding to this acquisition will reach US$14.9 billion, equivalent to more than 2.1 trillion yen. In fact, U.S. Steel's stock price has been fluctuating in recent months following acquisition rumors. Since Cleveland-Cliffs, the largest flat steel producer in the United States, made an acquisition offer of nearly US$7.3 billion on the 8th of this year, the company's stock price has doubled.       Nippon Steel's Acquisition of U.S. Steel Faces Strong Opposition from Many Parties According to the merger and acquisition plan given by Nippon Steel, U.S. Steel is expected to hold a shareholders' meeting in March next year. Based on the approval of the company's shareholders and regulators, the transaction is expected to be completed in the second quarter or second quarter of next year. Michael Leiter, head of CFIUS and national security practice at Skadden, Arps, believes CFIUS is "unlikely" to block a deal with a country as close to a U.S. government as Japan, despite growing political opposition to the deal among politicians and unions. Allies reach a deal.     Asked about the proposed deal during a White House press briefing on Tuesday, White House press secretary Jean-Pierre declined to comment specifically on the acquisition.   CNN said that despite political opposition, the fate of U.S. Steel Corp. being sold to Japanese capital is basically a certainty. This has sounded the alarm to the current global corporate giants. The world is changing so fast that it is jaw-dropping.  

From December 6th to 8th, the 2023 Advanced Training Course for Professional and Technical Personnel of Steel Structure Enterprises was held in Changshu, Jiangsu Province. The meeting was hosted by the China Steel Structure Association and hosted by Jiangsu Longteng Special Steel Group Co., Ltd., with representatives from nearly 70 steel structure enterprises across the country. More than 140 business managers and technical leaders attended the meeting. Leaders and guests attending this meeting include Liu Yi, executive vice president of China Steel Structure Association, Li Qingwei, secretary-general of the association, Zhou Guangen, executive deputy general manager and chief engineer of Zhejiang Southeast Grid Co., Ltd., and chief engineer of Shanghai Construction Engineering Group Co., Ltd. Chen Xiaoming, Deputy Secretary of the Party Committee and President of Jiangsu Longteng Special Steel Group Co., Ltd. Xu Sheng, General Manager of Changshu Longteng Welding Materials Technology Co., Ltd. Zhang Po, General Manager of Changshu Longteng New Energy Equipment Technology Co., Ltd. Huo Xiaofei, etc. Chief Engineer Zhou Guangen titled "Steel Structure Processing and Manufacturing Technology" and focused on the current situation and development trends of steel structure processing and manufacturing, technical requirements and precautions for each link in the steel structure processing process, quality control measures during the processing process, common quality problems and preventive measures, steel structure Structural digital processing technology and other aspects, the knowledge related to steel structure processing and production was explained in detail. Chief Engineer Chen Xiaoming took "Steel Structure Installation Technology" as the title, covering conventional installation technologies such as large-span space structures and super high-rise buildings, overall installation, translation, and lifting technologies of steel structures, suspension structure installation technologies, and spoke-type tension structures. Installation technology, structural construction analysis and other aspects were explained to the students present in detail the relevant knowledge of steel structure installation. After the training course, the teaching experts, leaders of the association and Longteng Group issued completion certificates to the participants of the training course.  

On October 29, the 2023 Mining Whole Industry Chain Technology Conference and the 20th Anniversary Celebration of Tianzhou Group were held in Xi'an. The theme of the conference was "Being Gratitude, Steady and Long-term", aiming to promote practical cooperation, mutual benefit, and common development in the mining industry through technological innovation. develop. Li Tianen, chairman of Xi'an Tianzhou Mining Technology Group Co., Ltd., attended the meeting and delivered a speech. More than 500 representatives from all over the country, including geological exploration, mining, mineral processing, smelting, legal, financial and other mining enterprises and institutions, as well as relevant universities, scientific research institutes, industry associations, etc. attended the meeting on site or through online live broadcast.