BERG Propulsion Offers GreenForge Propeller Shafts
BERG Propulsion is offering the shipping industry its first opportunity to select propeller shafts made using the climate neutral GreenForgeĀ® production process.Three Louis Dreyfus Armateurs (LDA) ro-ro vessels due in service from 2026 to carry aircraft parts across the Atlantic are already set to take advantage of sustainable wind power, courtesy of their rotor sails, while their hybrid propulsion, power management and control technology is coming from BERG.In addition, BERG will supply propeller shafts made from recycled scrap steelā¦
Steelpaint Warns Against Carbon Emissions of Steel Corrosion
Germany-based corrosion specialist Steelpaint is calling for urgent action to address the significant environmental impact of steel corrosion, warning that inadequate corrosion protection is contributing more to global CO2 emissions than the entire aviation industry. With the maritime industries consuming an estimated 100 million tonnes of steel annually, premature corrosion and subsequent steel renewal work is increasing carbon emissions dramatically, said Steelpaintās Managing Director Klaus MĆ¼ller.Steel production remains one of the most carbon-intensive industrial processes.
Surface Prep Crucial to Steel Coating Success
Germany-based protective coatings innovator Steelpaint GmbH is urging shipowners, shipyards, and port authorities with steel assets to prioritize surface preparation, advising that skimping on this critical step in the application process is leading to premature coating failures, costly repairs, and increased safety risks.The advisory follows a recent request to apply its single-component, moisture-cure Stelcatec to a steel structure that had not been properly prepared, with highā¦
More Chinese Steel Enters India
India continued to be a net importer of steel during the first four months of the current fiscal year beginning April, with China as its biggest supplier of the alloy, according to provisional government data seen by Reuters.India imported 2.69 million metric tons of steel between April and July, and exported 1.57 million tons, the data showed.India, the world's second-biggest crude steel producer, became a net importer of the alloy in the fiscal year to March 31, 2024, and the trend has continued since thenā¦
As Steel Prices Rise (again); Ship Scrapping Prices Rise, Too
Following recent upward moves on domestic steel plate prices at nearly every major recycling destination, it was another week of firm pricing and a sub-continent market that is still on an aggressive footing for the most part.Demand remains rampant and capacity at yards remains open for any available tonnage (market or otherwise), leading to bidding wars on any of the marginal number of choice units hitting the recycling markets.L/Cs are of continuing concern across the sub-continent destinationsā¦
China Steel Hopes Drives Iron Ore Demand
Dalian iron ore rose on Friday and advanced nearly 6% this week as traders returned from New Year holidays feeling optimistic about potential demand recovery in top steel producer China.Iron ore's most-active May contract on China's Dalian Commodity Exchange ended daytime trading 1.4% higher at 719 yuan ($112.78) a tonne, rising for a fourth straight session and touching 725.50 yuan earlier in the day, its highest since Oct. 27.On the Singapore Exchange, the steelmaking ingredient's most-traded contract expiring by end-February climbed as much as 0.7% to $128.25 a tonneā¦
Shipbuilding Drives Rise in Japanese Steel Output
Japan's crude steel output is expected to rise 1.9% in the January-March quarter from a year earlier, helped by a recovery in manufacturing including shipbuilding and machinery, its Ministry of Economy, Trade and Industry (METI) said last week.This would mark the fourth straight quarterly increase and bring annual output for the financial year to March 31 to 97.07 million tonnes, up 17% from a year earlier when the COVID-19 pandemic pushed production to the lowest in about 50 years.METI estimated crude steel output at 24.15 million tonnes for the three-month periodā¦
Chinese Buyers Snap up Indian Steel in Face of Trade Tensions
India's steel exports more than doubled between April and July to hit their highest level in at least six years, boosted by a surge of Chinese buying in defiance of tensions between Beijing and New Delhi.Traders said reduced prices had driven the purchases as Indian sellers sought to get rid of a surplus generated by the impact of COVID-19 on domestic demand and generate much-needed income.It was unclear whether the sales broke any trade rules, but the China Iron and Steel Associationā¦
