Thursday, October 17, 2013

JSW Steel commits to export huge quantity of slag through Chennai Port

Source:http://www.sagarsandesh.com/news/jsw-steel-commits-to-export-huge-quantity-of-slag-through-chennai-port/

As an outcome of vigorous marketing from Chennai Port’s Traffic Department over the past few months to get more captive cargo to tide over the looming revenue loss after the Madras High Court ban on coal and iron ore, steel major M/s. JSW Steel Ltd has committed to use the facilities in the port to export Blast Furnace Granulated Slag.

Speaking to Sagar Sandesh, a senior Chennai Port official said that JSW Steel has expressed its ability to export about 40, 000 tonnes of Blast Furnace Granulated Slag every month from Chennai Port. It may be worth recalling at this juncture that JSW Steel is planning to export slag via Chennai after a gap of five years.

Ground-granulated blast-furnace slag (GGBS or GGBFS) is obtained by quenching molten iron slag (a by-product of iron and steel-making) from a blast furnace in water or steam to produce a glassy, granular product that is then dried and ground into a fine powder.

“We expect to handle about 2.5 Lakh tonnes of Blast Furnace Granulated Slag for the remaining period of the current financial year 2013-14,” the port official added.

The commitment for export comes at a time, when the port management was vigorously marketing in different regions and ways for securing more and more captive cargo to tide over the expected revenue loss arising out of a sudden ban by the Madras High Court on handling of dusty cargoes like coal and iron ore.

“Certainly, the new export cargo would help us to improve revenue base and steps are afoot to garner more such export cargo into Chennai Port, so that the impact of that ban remain very minimal,” the official pointed out.

Besides, the availability of more vacant space inside Chennai Port for storage at previously coal-stacking yards near south side of the port also started attracting regular import of Hot Rolled Steel Coils, which rakes in sustained revenue for the management in the last few months.

In the first half, Chennai Port had created a few record handlings, which are seen as a morale booster for the employees of the Port Trust.

About 10, 901 tonnes of granite block was loaded in a single day on April 28 by the vessel MV GRANDE FORTUNA surpassing the previous record handling of 8, 110 tonnes on April 24, 2006 through the vessel MV VOYAGER V.

Besides, 22, 066 tonnes of millscale had been loaded in a single day on May 26 into the vessel MV EMERALD STAR surpassing the previous record handling of 20, 485 tonnes on Nov. 29, 2004 through the vessel MV CHUN HO.

Around 12, 662 tonnes of jumbo barytes had been loaded in a single day on July 11 by the vessel MV KONSTANTINOS surpassing the previous record handling of 9, 051 tonnes on March 30 this year through the vessel MV NORMASA G.

A record of 12, 700 tonnes of gypsum was discharged through the vessel MV Common Faith in a single day on July 25 surpassing the previous record handling of 11, 900 tonnes on July 17, 2012 through the vessel MV GUOYU 51.

Furthermore, 781 tonnes of cement was loaded in a single day on Aug. 29 by the vessel MV GATI PRIDE surpassing the previous record handling of 750 tonnes on Jan. 10, 2011 through the vessel MV  HOA LU.

Similarly, 6, 300 tonnes of sulphur had been discharged in a single day on Sept. 16 by MV TOXOTIS surpassing the previous record handling of 6, 200 tonnes on Feb 10,  2006 by the vessel MV JU BAO MEN.

Further, 13,518 tonnes of HR coil had been loaded (exported) in a single day on Sept. 21 by the vessel MV Trade Star surpassing the previous record loading of 10, 849 tonnes on Feb, 9 this year through the vessel MV Marietta.

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