Tata Steel and thyssenkrupp have today decided on the members of the future Management Board for the planned European steel Joint Venture between the two companies. Tata Steel and thyssenkrupp AG signed definitive agreements in June 2018 to combine their European steel businesses in a 50/50 Joint Venture. The proposed new company, to be named thyssenkrupp Tata Steel B.V., headquartered in the Amsterdam area will be positioned as a leading pan-European high-quality flat steel produce

Starting today, Fastmarkets AMM's daily US Midwest hot-rolled coil (HRC) price index will be used as the benchmark to settle a new HRC steel derivatives contract to be launched on Nasdaq Futures Exchange (NFX). "This is the first futures contract in the US tied to a daily hot-rolled coil price," said Grace Lavigne, Fastmarkets' price development manager for North America. "We are delighted that our partnership with NFX offers the steel supply chain new opportu

Alba, the Bahrain-based aluminum producer, announced that it has successfully produced the First Hot Metal on December 13 at its Potline 6 Expansion Project. Potline 6, which is being executed by Bechtel as the engineering, procurement and construction management (EPCM) contractor, will make Aluminium Bahrain B.S.C. (Alba) the world's largest aluminium smelter once at full production.  Adding 540,000 metric tonnes per annum (mtpa) to Alba's capacity of 1,000,000 mtpa, t

British Steel has won two multi-million-pound contracts to supply 86,000 tonnes of rail to Rete Ferroviaria Italiana (RFI), the manager of Italy’s railway infrastructure. The agreements – which include the delivery of 18,000 tonnes of its unique premium Stress-Free (SF) heat treated rail – quickly follow two other major deals British Steel has secured with national rail operators. In September, Network Rail announced it was extending its supply contract w

Markforged, the Boston-area 3D printer company transforming manufacturing, today announced the launch of H13 tool steel for the Metal X, the world’s leading desktop-sized metal printer with over 150 systems shipped since March 2018. The expansion into H13 will enable customers to print parts in high-strength, high-temperature applications such as metal forming tools, dies and punches, and hardened inserts for fixtures, and even injection molds with conformal cooling channels. To learn m

ArcelorMittal today called for Europe to introduce a green border adjustment whereby steel imported into Europe has the same standards applied on CO2 as European-produced steel under the Emissions Trading System (ETS) regime. The adjustment would call for any shortfall in CO2 emissions to be compensated by the importer. The green border adjustment would incentivise effective reduction in carbon emissions and prevent the competitiveness of the European steel industry being eroded. Fo

Carlisle Companies Incorporated, a global leader in commercial and industrial building envelope products through its Carlisle Construction Materials (CCM) operating segment, announced today that it has entered into a definitive purchase agreement to acquire Petersen Aluminum Corporation (“Petersen”), a privately held manufacturer of high-quality metal roofing products for approximately $197 million. Headquartered in Elk Grove Village, Illinois, Petersen’s primary b

Dillinger steel is once again playing a key “supporting role” as the Kienlesberg Bridge in Ulm prepares to officially open to traffic next Sunday, 9 December 2018, after a full three years of construction. The elegantly curved bridge contains 1,750 metric tons of Dillinger heavy plate. At its christening in September, the principle builder, Stadtwerke-Ulm-Traffic Managing Director André Dillmann, described the bridge as potential competition for the Ulm cathedral.

Synalloy Corporation today announced that its wholly-owned subsidiary, ASTI Acquisition, LLC, has signed a definitive agreement to acquire substantially all of the assets of American Stainless Tubing, Inc. (ASTI).  The parties expect the transaction to close on or by January 1, 2019.  The cash purchase price for the transaction is expected to range between $27 and $28 million including ASTI’s right to receive revenue-based earn-out payments over a three-year period following c

Tata Steel has launched its best-in-class Tata Tiscon SD (Super Ductile) rebar in the southern markets. The new rebar will replace the current product, Tiscon 500D. The new product, made with an improved mix of carbon, sulphur, phosphorous and other alloying elements as well as post-rolling treatment, promises a stronger and more flexible rebar for the construction industry and other customers.   Tata Tiscon SD also offers more energy-absorption capacity to the buildi