U.K.-based Liberty, part of the global GFG Alliance that also owns Georgetown Steel, announced that it has agreed to buy four European steel plants, including a wire rod operation, from ArcelorMittal.
A press release said that the "landmark transaction" that raise Liberty’s total annual rolling capacity to over 15 million metric tons (mmt). The deal includes Mittal’s integrated works at Ostrava in the Czech Republic, which has some 6,000 employees. Products made there include wire rod, hot-rolled coil, sheets, rebar, merchant bar and light rail. More than half the production is exported.
The deal also includes three other plants—one in Galati, Romania, and two (Skopje and Piombino) in Italy—that produce a range of other steel products. The collective plants have some 12,500 employees. The deal was related to requirements for ArceloMittal, which is seeking to buy Ilva, a huge yet long-troubled steel giant in Italy.
NKT announced that the company has won a project to install 200 km of 80 kV high-voltage DC offshore power cables for the second phase of the Johan Sverdrup oil field development project in Norway.
A press release said that the award, worth approximately 110 million euros, is conditional upon finalization of the formal contract which is likely to take place within a few weeks. The cable system, which will offer a +/-80 kV HVDC solution, is expected to be ready for use in late 2019.
The cable will transmit power from the Norwegian power grid to the offshore oil field, the release said, adding that power from shore to the oil platform is an environmentally sustainable solution, significantly reducing carbon emissions from oil and gas producti
Johan Sverdrup was described as among the five biggest oil fields on the Norwegian Continental Shelf. “I am very pleased that we continue working with our long-term customer Equinor Energy AS,” said NKT President and CEO Michael Hedegaard Lyng. “I see the letter of award as proof of our premium DC technology capabilities and of our ability to provide turnkey solutions with NKT Victoria as a differentiator.” He added that the award further bolsters the company’s “leading market position in the oil and gas segment, which along with offshore wind and interconnectors represents good growth opportunities for NKT.”
Earlier in 2018, NKT completed supply and installation of the high-voltage DC offshore power cable solution for the first phase of the Johan Sverdrup development project. Installation was conducted by NKT’s own industry leading cable-laying vessel NKT Victoria operating at 600 meters depth, which marks one of the deepest installations of bundled high-voltage DC cables in the world. In addition, the Johan Sverdrup 1 solution from NKT now constitutes the world’s longest extruded offshore cable to an offshore oil and gas platform facility.
South Korea’s LS Cable & System announced that the company has signed a contract with Orsted, a Denmark-based power company, to supply high-voltage cables for Hornsea Project Two, the world’s largest offshore wind farm.
A press release said that LS Cable will supply 350 km of onshore high-voltage cables, including 400-kilovolt cables, by 2021. The site is located 89 km off the Yorkshire coast in the U.K.
"This contract is meaningful because it continues the trend of supplying cables for new renewable energy projects in Europe, the home of cable business. We hope to expand opportunities for projects in Europe, North America and Asia," said LS Cable & System CEO Roe-Hyun Myung.
Per the company, when the project is complete and operational in 2022, it will be capable of supplying electricity to well over 1.3 million homes and surpass its sister project, Hornsea Project One, as the world’s biggest offshore wind farm. The two sites will produce a combined 2.4 gigawatts of electricity.
Prysmian reports that the company has won three turnkey projects to supply and install submarine inter-array cable systems that will represent France’s first large-scale offshore wind farms, and collectively require 345 km of cable.
A press release said that two of the projects, from Eolien Maritime France (EMF), are for two offshore wind farms—Fécamp and Courseulles-sur-Mer, owned by EMF and wpd offshore GmbH—located off the North France coast. Those contracts are worth more than €200 million, and are expected to be completed next year. A third project, for the Saint Nazaire wind farm—also owned by Eolien Maritime France—is worth more than €20 million, and is being secured by a consortium between Prysmian and Louis Dreyfus Travocean.
“These new important awards confirm that we have all the capabilities to achieve our ambitious growth targets in the offshore wind farm market,” said Hakan Ozmen, an executive vice president of the Prysmian Group. “Our investments have strengthened both our production capacity and installation capabilities and the market is showing its confidence in us.”
The three wind farms will require 33 kV three–core submarine cable systems with XLPE insulation. The Fécamp project will connect 83 wind turbine generators (WTGs) with a total capacity of 498 MW, while Courseulles-sur-Mer will connect 75 WTGs with a total capacity of 450 MW. Cable, accessories and terminating services will also be provided by Prysmian for the 80 WTGs for the 480-MW capacity of Saint Nazaire.
The projects, the release said, will represent France’s first large-scale offshore wind farms. Prysmian will rely on the resources of General Cable’s NSW subsidiary. Cable cores will be manufactured at the Group’s center of excellence in Montereau-fault-yonne, France, and then assembled and finished in Nordenham, Germany, providing the French market with Prysmian’s locally manufactured cable systems.
For Fécamp and Courseulles-sur-Mer, Prysmian will be the turnkey provider, supplying and installing all interarray cables between the WTGs. Delivery and commissioning of the cables are expected during the period 2020-2022, depending on the individual project timelines.
“These awards represent an important milestone for Prysmian as they are related to the first major projects in this market and they show that our ambition of becoming a one-stop service provider covering the entire supply chain is credible and sustainable,” said Alessandro Panico, sales team manager, offshore wind, Prysmian Group. To date, the Group notes that it has secured offshore wind projects worth more than €650M in 2017-2018.
India has initiated an anti-subsidy probe into alleged increased imports of select copper wire rods from Indonesia, Malaysia, Thailand and Vietnam that led to complaints from domestic players that include Hindalco Industries and Vedanta Industries.
A story in Economic Times said that the commerce ministry’s investigating arm, the Directorate General of Trade Remedies (DGTR), has stated that production and exports of continuous cast copper wire rods in these four countries appear to be subsidized. That activity has caused material injury to the domestic industry through their volume and price effects, it said. The authority’s investigation will cover 12 months over 2017-18 as well as data from 2014-17.
The directorate will determine the existence, degree and effect of alleged subsidization. If found necessary, the office will recommend the appropriate amount of countervailing or anti-subsidy duties needed to protect the domestic industry.
In the application filed with the office by Hindalco Industries and Vedanta Industries (Sterlite Copper) on behalf of domestic industry, they claimed that the producers/exporters of the goods in these countries have benefited from the "actionable subsidies" provided at various levels by the governments of these countries, including their different provinces and municipalities, and asked for remedies.
India has already imposed countervailing and anti-dumping duties on various kinds of steel from China.