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| Siemens to modernize long product rolling mill for POSCO Speciality |
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| Code:MFN002796 Prpduct:Channel Steel Date: 2010-07-28 |
Siemens VAI Metals Technologies announced that it has received an order from Korean special steel producer POSCO Specialty Steel Co Limited to modernize the long product rolling mill in its Changwon Works.
The plant will be equipped with a new breakdown mill, and existing parts of the plant will be brought up to the state of the art. Furthermore, new electrical and automation equipment will be installed throughput the entire production plant. The order is worth more than ten million euros, and the modernization is scheduled to be completed by the end of 2011.
The Changwon long product rolling mill comprises a compact cassette rolling mill, a flat block line-both of which Siemens installed in 2004 and a blooming mill. Within the scope of the modernization project, Siemens is supplying a reversible, single stand breakdown mill with a roll diameter of 1200 millimeters, as well as the secondary plant equipment. This includes the entry and exit tables, handling devices between the mill passes, and material transfer facilities. Shears, saws and a roll exchange system complete the scope of supply.
The breakdown mill is designed to turn out 365,000 tonnes per annum and can produce a wide range of long products. These include bar steels with diameters from 90mm to 350mm, slabs with cross sections of 200mm by 1250mm and flats ranging in thickness from 28mm to 280mm and in width from 750mm to 1250mm.
Siemens will also be supplying cutting saws for the CCR mill and the flat block line. All parts of the plant will be equipped with new, standardized electrical and automation equipment. Siemens will also be responsible for supervising construction and commissioning, and will provide the customer training. |
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| 08 Sep 2010 | | | Cash Ask | 3M Ask |
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| Copper | 7620.00 | 7635.00 |
| Aluminium | 2120.50 | 2150.00 |
| Zinc | 2170.00 | 2197.00 |
| Lead | 2151.00 | 2179.00 |
| Nickel | 22450.00 | 22400.00 |
| Tin | 20980.00 | 21075.00 |
| Al.Alloy | 2230.00 | 2130.00 |
| NASAAC | 2081.00 | 2110.00 |
| Steel Billet | 506.00 | 527.00 |
| Cobalt | 41000.00 | 40700.00 |
| Molybdenum | 35300.00 | 36000.00 |
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2010-09-09 |
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| PRODUCT |
BID
(US$/TON) |
ASK
(US$/TON) |
2B Coil-OCT |
3,300 |
3,380 |
No.1 Coil-OCT |
3,120 |
3,200 |
2B Coil-DEC |
3,300 |
3,380 |
No.1 Coil-DEC |
3,120 |
3,200 |
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MetalFirst China Average:
US$16.025/lb
As of Sept. 3, 2010
(updated weekly)
MetalFirst Average:
US$16.00/lb
As of Sept. 3, 2010
(updated twice weekly)
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