Tata Steel Limited (‘Tata Steel’) hereby announces that it has  executed definitive agreements for acquisition of the steel business of Usha Martin Limited (‘UML’) through a Slump Sale on a going concern basis. The closing of the acquisition is subject to fulfilment of various conditions under the agreements. At the closing, Tata Steel or any of its subsidiaries or affiliates may carry out this acquisition. The parties shall jointly work towards fulfilment of cond

JW Aluminum, a leading domestic supplier of flat rolled aluminum, is investing $32.8 million to optimize equipment for foil production. The investment includes projects to enhance existing rolling mills, annealing equipment and slitters to improve quality, reliability and throughput for the fin stock, honeycomb foil and flexible packaging markets. The upgrades will also further automate control systems in the company’s foil producing facilities – Russellville, Arkansas;

NanoSteel ® , the leader in nanostructured steel materials, today announced the evolution of its Additive Manufacturing (AM) business unit in a new company called 'Formetrix ™.' Led by an industrial leader in additive manufacturing and including other Cycad Group and SPDG investors, Formetrix has completed its Series A capital raising to accelerate the commercialization of Formetrix's steel alloys for 3D printing. Over the past four years, the team has develope

Steel Dynamics, Inc today announced the completion of the acquisition of substantially all of the assets of Kentucky Electric Steel ("KES"), a wholly-owned subsidiary of Specialty Steel Works Incorporated, for $5.0 million.  The acquired assets are located outside of Ashland, Kentucky, and are comprised of a rolling mill with an annual capacity of 250,000 tons.  The operations were closed earlier this year by the prior owner, and Steel Dynamics plans to reopen the rolling

The "Bauxite and Alumina - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering. The report provides separate comprehensive analytics for the US, Canada, Europe, China, Asia-Pacific, Latin America, and Rest of World. Annual estimates and forecasts are provided for the period 2016 through 2024. Also, a five-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary resear

Harsco Corporation today announced that its Metals & Minerals division has successfully entered into a multi-year contract with ArcelorMittal Tubarao, the flagship plant of ArcelorMittal in Brazil.  The 10-year contract – totalling US$150 million – will include meltshop cleaning, slag handling and crushing, metal recovery, and drop ball services. “We are excited to extend our long association with ArcelorMittal Tubarao for another 10 years,” said Har

In response to media speculation, ArcelorMittal (the Company) confirms that yesterday, 10 September 2018, it submitted a revised proposal to Essar Steel India Limited’s (ESIL) Committee of Creditors for the acquisition of ESIL. The Company can also confirm that media reports speculating on the financial value of the revised offer are broadly accurate. The revised offer, which also includes a commitment to pay the entire amount due to the financial creditors of Uttam Galva and

Nucor Corporation's Board of Directors approved an investment of $650 million to expand the production capability of Nucor Steel Gallatin, the company's flat-rolled sheet steel mill located in Ghent, Kentucky.  This investment will increase the production capability from 1,600,000 tons to approximately 3,000,000 tons annually and will increase the maximum coil width to approximately 73 inches. The project is expected to create 70 full-time jobs.

After successful modernization of the 40-year-old aluminum cold rolling mill by SMS group at the Slovenska Bistrica facility, the Slovenian aluminum producer Impol Group Slovenia has awarded the final acceptance to SMS group. The previously performed acceptance tests had proven that the rolled products are now fulfilling even stricter quality criteria. With this upgrade, Impol Group Slovenia has invested in the future viability of the facility and has brought about significant impro

Alcoa Corporation, a global leader in bauxite, alumina, and aluminum products, announced today that William F. Oplinger, Executive Vice President and Chief Financial Officer, will participate in a question and answer session at the Morgan Stanley 6th Annual Laguna Conference in Dana Point, California, on Wednesday, September 12, 2018 starting at 12:30 p.m. PDT (3:30 p.m. EDT). A real-time live audio webcast of the session will be available on the on the “Investors” secti