INDUSTRY NEWS


Ecological investment by MMK to reduce a pollution


T


he key priority of MMK’s environmental policy is the implementation of measures included in the


Clean Air programme which is part of ‘Ecology’, the national environmental project. By 2025, MMK aims to reduce air emissions by 26,300 tonnes per year, which with other activities will allow for a 20% reduction in total emissions Magnitogorsk. The programme should


dramatically reduce the level of air pollution in the city and ensure compliance with the definition of a ‘Clean City’. The most important elements of MMK’s corporate strategy include continuous reduction of the company’s negative impact on the environment and use of the best available technologies. Grigory Schurov, Director for


Occupational Health and Safety and Environmental Protection at MMK, spoke about this at the 17th International Metallurgical Summit


‘Russian Steel: Growth Strategy’, held in late May in Lipetsk. According to him, MMK’s


environmental projects are part of the country’s overall environmental strategy. Comprehensive action plans to reduce emissions of air pollutants are being implemented in twelve large industrial centres. This is in accordance with the President of Russia’s decree “on national goals and strategic objectives of the Russian Federation for the period up to 2024”. As part of this initiative, from 2017-2025, the Company plans to significantly reduce its impact on the atmosphere and achieve a tenfold reduction in emissions of the most dangerous class 1 and class 2 pollutants, said Grigory Schurov. A major contribution to improving the ecology of the region will be the launch in July of this year of a new high-tech sintering plant No. 5 which has received a total investment of RUB 30 bln.


Snam, Italy awards 150km of gas pipelines to Corinth Pipeworks


Snam S.p.A., a leading European gas utility with main operations in Italy, awarded 150km of gas pipeline to Cenergy Holdings’ subsidiary, Corinth Pipeworks through their Frame Agreement. The 26” (660mm) outside


diameter gas line pipe will be used for the replacement of the old gas line pipe network in Central Italy. Extremely high manufacture performance criteria, including pipe quality assurance measures, are in place to ensure that the gas pipeline meets the highest safety standards and good engineering practices. The 27.000Tn of pipes will be


manufactured in Corinth Pipeworks’ factory in Thisvi, Greece. Scope of supply also includes external 3LPE anti-corrosion coating and internal liquid epoxy lining applied at the same location as pipe manufacturing.


Corinth Pipeworks has been a


trusted supplier of Snam for over a decade with more than 800Km of completed and under execution pipeline projects.


Headwall Partners announces publication - Headwall 2019 Annual Steel & Metals Growth Survey


Headwall Partners LLC (“Headwall Partners” or “Headwall”), an independent corporate finance and strategic advisory firm focused on the steel and metals industry today announced the publication of its “Headwall 2019 Annual Steel & Metals Growth Survey.” Headwall’s annual survey summarizes the perspectives of senior steel sector executives, who, this year, identified mergers and acquisitions (M&A) as the key source of strategic growth at their companies for the next three years. Peter J. Scott, Founder and


Managing Partner of Headwall Partners commented, “This year’s growth survey indicates that the market is primed for a meaningful


4 IMT June 2019


uptick in M&A. Senior sector executives indicated optimism about near-term growth at their companies as a result of the past and expected future Trump Administration policies.” Thomas A. Danjczek, Senior


Advisor to Headwall Partners added, “The survey respondents were extremely positive, regarding expected steel sector production volume, pricing and financial performance.” Headwall conducted a detailed


survey of sector executives at the Chairman, CEO and CFO levels to assess how management teams in the steel industry are pursuing growth. Participating companies represented a broad spectrum of


the industry’s subsectors, sizes and ownership structures. The survey focused on the policies of the Trump Administration, general expectations for economic and sector growth rates, and corporate plans for strategic growth. Sample survey results include: ● Ninety percent of respondents believe the economic policies of the Trump Administration had a positive impact on recent U.S. GDP growth. Sixty-seven percent


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of respondents believe Trump Administration policies will have a positive impact on 2019 GDP, down from last year’s response;


● Fifty-seven percent of respondents are more optimistic about the prospects for their company’s financial performance over the next three years than over the past three years, also down from last year’s survey;


● Eighty-six percent of respondents expect their company to be equally active or more active in M&A over the next three years than in the past three.


The complete results of Headwall’s survey can be found at https:// www.headwallpartners.com/ publication.


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