IRON and STEEL
According to a recent report, New York-based studio Gill Schmid has released the initial details of its latest superyacht concept, an 80 meter hybrid explorer. It is a hybrid between functional explorer and luxurious superyacht, said the studio.
The superyacht is designed with a steel Ice Class hull and aluminium superstructure in collaboration with Tim Dempers Studio. Key features of the yacht include a spacious helideck with a gym, beauty salon, lounging areas fore and aft flanked by an outdoor Jacuzzi. The exterior would be mirror glazed reflecting the outdoor environment.
The yacht is also equipped with an A-frame crane capable of launching a plethora of tenders and toys, including a 12-metre limousine tender, Jet Skis, and two Triton-built submarines.
The accommodation capacity of the yacht is for 14 guests in six guest suites and a private owner’s deck and suite. Staff accommodation is for 25 crews.
The concept of the new 80 meter superyacht comes after Gill Schmid’s last release of 75 metre superyacht concept Mystique in December 2017.
Kobe Steel, Ltd announces that it has turned its Chinese affiliate, Wuxi Compressor Co., Ltd., into a subsidiary after acquiring additional shares in the company in April 2020. Based in Wuxi, Jiangsu Province, Wuxi Compressor manufactures designs and sells non-standard (process gas) compressors, a core component used in petroleum refining, chemical and natural gas plants.
In 2018, Magnitogorsk Iron & Steel Works (MMK), Russia, has awarded an order to SMS group covering the extensive modernization of the finishing mill mechanical equipment and the fundamental revamp of the electrical and automation system of hot strip mill 2500 at the Magnitogorsk site.
WEEKLY STEEL SCRAP:
Turkish steel producers remained active in the market for import scrap in the week ending Friday June 12, while prices for bulk scrap in Japan and Vietnam appear to hit a ceiling as activity slowed.
Prices for flat-rolled steel imported into South America continued to recover during the week to Friday June 12 as more increases were issued - mainly by Chinese and Japanese mills - for August-shipment cargoes.
The proposed changes to existing EU safeguard measures for hot-rolled coil would result in a drop in import volumes and consequently injure independent distribution in Europe, Italian steel distributors’ association Assofermet said in a letter to the European Commission (EC).
The Indonesian government will ask PT Freeport Indonesia to build a copper smelter in Weda Bay, a newly built metal industrial park in Halmahera, the senior minister overseeing mining said on Friday.