Category Archives: Billet Prices

JSPL Angul and SMS group commission largest high-speed billet caster in India

Jindal Steel and Power Limited (JSPL) and SMS group have successfully commissioned its high-speed eight-strand billet caster at the Angul Odisha plant. The caster is the largest high speed billet caster in India. The JSPL and SMS group team has commissioned the plant within 13 months from ground-breaking.

High-speed eight-strand billet caster at JSPL Angul Odisha plant.
The supplied billet caster is able to attain a speed of 3.6 meters per minute for sections of 165 x 165 millimeters and can produce 2.3 million tons per year. It has a casting radius of nine meters with eight strands, and is designed to cast low- and high-carbon, ball bearing and free-cutting steel. The casting format ranges from 130 x 130 millimeters to 200 x 200 millimeters. The casting mode is both open and submerged casting.

JSPL is already operating two six-strand and three eight-strand billet casters from SMS group. The caster at the Angul plant is equipped with ladle turret, tundish car with lifting and lowering device, CONVEX® mold tubes, mold stirrers and oscillators, overhead cross transfer, turn-over cooling bed and automatic torch cutter. The use of a rigid dummy bar with permanent head enables automatic disconnection of the hot strand and thus a reliable start of casting within very short restranding and machine preparation times.

JSPL will benefit from this new high-speed billet caster with CONVEX® technology by lower operation costs. Matthias Ebneter, CEO of SMS Concast India, is confident that this technology will be implemented more and more in Indian plants in coming years. “Continuous improvement is the hallmark of our ideology,” Ebneter added. “We are committed to work out solutions that will help our customers to achieve a sustainable competitive edge. This experience will help us to further increase our share on a market which is increasingly characterized by competition and price.”

JSPL produces a wide range of iron and steel products including plates, parallel-flanged beams, medium sections, rails, rounds, rebars, wire rod and metal products. The company owns steel production plants in Raigarh, Angul and Patratu, India and in Sohar, Oman.

Source: SMS Meer GmbH

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ASIAN BILLET MARKET ROUNDUP

hallenging trading conditions persist in China. Price growth returned to the billet and slab segments. However, market jitters remain evident. Local steel traders have expressed concerns that the steel-consuming sectors are starting to lose momentum. The China Metallurgical Industry Planning and Research Institute has forecast that domestic steel consumption will slow to 3.0 percent this year, half the rate achieved in 2013. Local brokers report that Australian seaborne iron ore fines in week 16 (with an iron content of 62.5 percent), were traded, on average, at US$116.00 per tonne CFR – an increase of 4.0 percent compared with the March settlement figure. However, prices began to trend downwards in week 17.Semi Finished Steel Review

The business environment remains challenging in South Korea. The building sector remains subdued. Domestic billet selling figures, in national currency terms, are down 2.5 percent compared to the corresponding period last year. Billet exporters have fared no better. Buying appetite amongst Asian re-rollers remains limited. The price differential between domestic and imported billet material has widened to US$24 per tonne.

Purchasing volumes of finished steel products in Taiwan are predicted to be stable, at best, in May. Brokers are forecasting that steel production may fall ahead of the summer months, citing weak end-user demand and electricity rationing. The premium for foreign cast billet relative to domestic material has narrowed to US$15 per tonne (previously US$25 per tonne).

Source: MEPS – Semi-Finished Steel Review