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Organisation
The ARVEDI GROUP was founded in 1963 by Giovanni Arvedi whose family
has worked in metal trading and processing since the early 1700s.
Siderurgica Triestina
The companies outlined in red are the object of the Investment Plan
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Organisation
The Arvedi Group produces over 3.5 million tpy of steel products, has a turnover of
about € 2.2 billion and over 3000 employees.
The steelmaking assets are composed of six manufacturing companies:
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Organisation
• avant-garde technologies;
The companies hold solid market positions in the sectors in which they
operate and significant shares of production are exported – on average 50%
with peaks of up to 85%.
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Acciaieria Arvedi Cremona works
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1 2 4
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Acciaieria Arvedi
Acciaieria Arvedi is the world’s first endless mini-mill to produce hot rolled, pickled,
galvanized and painted steel coils.
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Acciaieria Arvedi
Inductive Equalization
Furnace
Downcoilers
High-Reduction Mill
Finishing Mill
Plate Pusher
Casting Platform And Piler
High-Speed
Crop Flying Shear
Shear
Thin-Slab Pendulum High-
Cooling Line
Caster Shear Pressure
Descaler
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Acciaieria Arvedi
ENERGY CONSUMPTION COMPARISON
FROM LIQUID STEEL TO 1-mm HOT ROLLED COIL
ESP vs. Conventional Process
Total Total
Casting and rolling 1
(3-mm HRC) Pickling 1-mm HRC 1.0 mm 1.0 mm
ESP KOE KOE KOE KOE
KWh/tonne 130 24.3 20 4 3.7 36 2 6.7 186 34,7
m3CH4 0 2.5 2.1 0 2.05 2,1
Total KWh 130 24.3 44 5.8 36 6.7 210 36,8
∆ 38% ∆ 58%
Cold rolling +
annealing
CONVENTIONAL
KWh/tonne 95 17.8 10 1.9 80 15.0 185 34,7
m3CH4 26 3 21.3 2.05 1.7 35 28.7 63,1 51,7
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Acciaieria Arvedi
ENERGY SAVING
Calculated average KEP per tonne for a typical ESP product mix
of which 45% in thin gauges (from 1.0 to 1.5 mm)
KEP/tonne
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Acciaieria Arvedi
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Acciaieria Arvedi
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Siderurgica Triestina
The Servola works, built at the end of the 1800s, had a significant role in the
panorama of Italian steelmaking as a manufacturer of foundry pig iron.
Purchased towards the end of the 1990s by the company Servola SpA, 80%
owned by the Brescian Lucchini Group, the works operated until 2012, the
year in which it was placed under the extraordinary administration of a
Commissioner appointed by the Ministry of Economic Development.
The industrial area of Trieste was officially recognized as an area of complex
industrial crisis.
An initial Programme Agreement has been stipulated disciplining the
interventions relative to the requalification of the industrial and port activities
and environmental clean-up of the area. The project will follow two lines of
intervention:
•an integrated project for making safe and re-industrializing the Servola site;
•interventions for the conversion and requalification of industrial production in
this area of crisis.
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Siderurgica Triestina
Current assets
AREA
•Coking plant for the production of carbon coke (production capacity about
420,000 tpy)
•2 blast furnaces each with a volume of 630 m3 – of which 1 in stand-by
(production capacity of each blast furnace is about 450,000 tpy)
•1 iron ore sintering plant
•1 pig iron ingot casting plant
•17 km of internal rail track
•1 rail connection with RFI (Italian railway network)
•1 x 350-m dock (depth about 12 m) good for Panamax size vessels
•3 industrial buildings (about 28,000 m2)
•150,000 m2 of external areas destined for logistics and storage
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Siderurgica Triestina
Trieste Cremona
COKING BLAST
New EAF HOT ROLLING
PLANT FURNACE
Coal Coke Pig iron
COLD ROLLING
COMPLEX
Trieste
-Important environmental clean-up operations and improvements
-Production of carbon coke and use of the same in the blast furnace for the production of pig
iron
-Cold rolling of coils and relative finishing
-Development of a logistics centre serving operations
Cremona
-Substitution of the current EAF 1 furnace (installed in 1991) with a more efficient one
-Use of pig iron (from Trieste) and ferrous scrap for the production of quality steel
-Subsequent production of hot rolled thin gauges using the existing ISP and ESP plants, in
part destined for re-rolling in Trieste
-Energy recovery of the fumes coming from the melting process to generate steam
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Siderurgica Triestina
Strategic objectives
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Siderurgica Triestina
PHASE 1
Foreseen production: 900,000 tpy of:
• cold rolled strip for general purposes
• cold rolled strip for cold and hot pressing for the automotive industry and
electromechanical applications
Foreseen production lines :
•Tandem cold rolling mill
•Bell furnaces for static annealing followed by skinpass stand for surface finishing
•Continuous annealing line for special steels
•Longitudinal slitting line
PHASE 2 – development
•Mainly aimed at increasing cold rolling production
•Capacity improvements
•Finishing lines development aimed at a covering full cold rolling capacity
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Siderurgica Triestina
NEW COLD ROLLING TANDEM MILL FEATURES
•hydraulic roll load cylinders on all stands
•stands no. 1-4: four-high mill stands with positive and negative work roll bending
•stand no. 5: four-high mill stand with positive and negative work roll bending. CVC technology
(SMS license) and multi-zone cooling
•single wedge adjustment for automatic pass-line adjustment (constant pass-line)
•quick work roll changing devices for work roll change with strip in the mill
•four X-ray gauges, four laser speedmeters and two shapemeter rolls for optimised control loops
•rotary shear in tandem mill exit for continuous strip cross-cutting during rolling
•two tension reels with filler-type mandrels
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Siderurgica Triestina
BATCH ANNEALING
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Siderurgica Triestina
SKIN PASS MILL AND TENSION LEVELER FEATURES
• Coil preparation station and coil core removal
•Tension reels with filler-type mandrels
•Pay-off reel and tension leveller line shiftable
•Hydraulic roll load cylinders
•Four-high mill stand with positive and negative work roll bending
•Single wedge adjustment for automatic pass-line adjustment (constant pass-line)
•Quick work roll changing device
•X-ray gauge and shapemeter roll for flatness and thickness control
•Wet and dry skin-passing equipment in addition to met skin-passing equipment
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Siderurgica Triestina
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Siderurgica Triestina
Description
• Equipping of the dock making the site an intermodal centre with a dual function :
• Procurement of raw materials, such as scrap, pig iron and DRI (HBI);
• The new logistical platform will also allow optimization of the use of the railway,
which will transport the hot rolled coils produced by Acciaieria Arvedi from
Cremona to Servola, and in the opposite direction the raw materials which have
arrived by sea. Overall handling will amount to about 600-800,000 tpy of coils
from Cremona to Servola, and a similar amount of 600-800,000 tpy of raw
materials in the opposite direction.
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Acciaieria Arvedi
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Acciaieria Arvedi
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Acciaieria Arvedi
target savings
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MILESTONES IN THE ARVEDI MODERNISATION PROGRAMME
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Financing conditions
The total cost of the Project, as estimated by the EIB, is Euro 227 million and the
Arvedi Group, as the Obligors, has stated that they intend to finance the Project
as follows:
Source Amount (€)
Credit from the Bank 100,000,000
Other funding sources 127,000,000
TOTAL 227,000,000
In order to fulfil the above financing plan, the Group has requested from the EIB a
credit of €100 million.
The EIB, considering that the financing of the Project falls within the scope of its
functions, and having regard to the statements and facts cited, has decided to
give effect to the above request providing a credit in an amount of
€100 million, provided that the amount of the EIB loan shall not, in any case,
exceed 50% of the total cost of the Project in question.
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BREAKDOWN OF THE PROJECT COST (€/m)
1 Cremona: new EAF 55
2 Trieste: Cold Rolling Mill 124
3 Trieste: Upgrade of stockpile area 17
4 Research and Development 3
5 Implementation supervision 3
6 Technical contingencies 15
7 Base cost (04/2015) 217
8 Price increase provision 2
9 Interest during construction 2
10 Working Capital Change 6
11 Total Investment (12/2018) 227
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