Press Releases

NLMK Group, a global steel company, has embarked on the assembly of main process equipment to implement the stamp charging technology at its operating coke oven battery at Altai-Koks, a leading Russian manufacturer of metallurgical coke. Instead of the conventional top charging method, stamped charging involves feeding compacted coal briquettes into the oven horizontally. Stamping technology is being implemented at Coke Oven Battery No. 5, the most advanced coke oven battery at Alta

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New State Capital Partners today announced a significant investment in Mako Steel, an acknowledged leader in the self-storage construction industry. Headquartered in Carlsbad, California, Mako Steel builds single-story, multi-level, and custom storage facilities in 44 states, Canada, and Mexico. Financial terms of the transaction were not disclosed.  The company was named "Best Builder" five years in a row by Inside Self-Storage. "The storage industry is booming

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Olympic Steel Inc., a leading national metals service center, today announced that it has acquired certain assets related to the manufacturing of the EZ-Dumper® hydraulic dump inserts. Terms of the purchase were not disclosed. While the EZ-Dumper acquisition will not be material to Olympic Steel’s financial performance, the company does believe it will be incrementally positive to EBITDA. This represents Olympic Steel’s second branded metal products acquisition in the past sev

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The Chemours Company, a global chemistry company with leading market positions in titanium technologies, fluoroproducts and chemical solutions, today announced the acquisition of Southern Ionics Minerals, LLC (SIM), a minerals exploration, mining, and manufacturing company headquartered in Jacksonville, Florida. SIM was a wholly owned subsidiary of Southern Ionics Incorporated (SII), a privately held inorganic chemical manufacturer based in West Point, Mississippi. SIM mines and pro

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ArcelorMittal’s South Africa business has agreed to buy steelmaker Highveld Structural Mill (HSM) for R300 million, it said on Thursday, as it seeks to expand its manufacturing capabilities. The company, majority-owned by ArcelorMittal, had a manufacturing agreement with parent company Highveld Steel, supplying steel products to HSM for processing into heavy structural steel, and an option to purchase HSM. Read: ArcelorMittal cuts steel demand outlook on weak Europe

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Novelis Inc., the world leader in aluminum rolling and recycling, today announced the launch of Advanz™ 6HS-s650, a precisely engineered aluminum automotive body sheet product that exceeds industry standards for strength, lightweighting, formability, performance and structural integrity. It is the strongest 6xxx series product with a 15 to 25 percent in-service strength advantage over incumbent high strength aluminum alloys and exhibits excellent crash behavior and corrosion resistance.

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Alcoa Corporation, a global leader in bauxite, alumina, and aluminum products, today announced the completion of a transaction with private equity investment firm PARTER Capital Group AG, based in Schindellegi, Switzerland, for that firm to acquire Alcoa’s Spanish subsidiaries that own and operate the Avilés and La Coruña aluminum plants in Spain. The acquisition, effective immediately, includes the casthouses at both plants and the paste plant at La Coruña, which a

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The Fastener Exhibition & Conference is an event dedicated to providing an international showcase of market leading fastener and fixing technology. The event is Britain’s biggest stage for suppliers of fastening and fixing solutions, creating a dedicated space for an industry essential to the success of so many sectors. Fasteners Expo takes place on the 11th and 12th September, at the NEC in Birmingham

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Zekelman Industries today announced it will build the world's largest continuous ERW tube mill in Blytheville, Arkansas, on property adjacent to its existing Atlas Tube mill.  The mill will be capable of producing sections as large as 28" OD x 1" wall.  The company projects an additional 75 new employees will be hired to work in the mill, growing its Blytheville workforce to approximately 150 employees. Startup of the new mill is scheduled for September 2021.

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On 3 July 2019, Indian government's Directorate General of Trade Remedies (DGTR) initiated an anti-dumping investigation into stainless steel flat rolled imports from China, the US, the European Union, Japan, South Korea, Indonesia and nine other countries. This insight explores the reasons that led to the Indian government considering import restrictions and their possible implications. Details of the investigation Initiation of the anti-dumpin

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