Nippon Steel & Sumitomo Metal Corporation  entered into a share purchase agreement in March, 2018 with funds advised by Triton to acquire Ovako AB (“Ovako”) which is headquartered in Sweden and manufactures and sells special steel aimed mainly at the European market. Having completed all necessary procedures including the competition authorities’ examination, NSSMC hereby announces that it has acquired whole of the shares of Ovako and made the company a wholly owned

On May 31, Liang Yibo, deputy mayor of Changzhou, met with Sachin Satpute, senior vice president of Novelis and president of Novelis Asia, and Liu Qing, managing director of Novelis China and vice president of automobile business at Novelis Asia. They signed a contract expanding the scope of Novelis' project in Changzhou National Hi-Tech District(CND), JIangsu Province. Novelis is the world's premier producer of rolled aluminum products and the world's largest aluminum t

Harsco Corporation  announced today the acquisition of ALTEK Group, a U.K.-based manufacturer of market leading products that enable aluminum producers and recyclers to manage and efficiently extract value from critical waste streams, reduce waste generation, and improve operating productivity. Harsco acquired ALTEK, on a debt and cash free basis, for a purchase price of £45 million (approximately $60 million), plus an additional future contingent consideration subject to the futur

Alcoa Corporation  announced that as a result of a temporary power outage at the Warrick Operations smelter near Evansville, Ind., it has shut down one of the three potlines that are part of the Warrick aluminum smelter restart. The decision was made with a focus on safety and to protect the assets. Alcoa is assessing the effects of this event, including the timing of the overall restart, and will provide an update as more information is available. The annual capacity

The growing use of lightweight materials for the development of new energy vehicles is driving demand for aluminium alloy in China and around the world. At the last Auto China show alone, leading brands showcased 174 new energy models and it is predicted that by 2020, the number of new energy vehicles in China will reach 2 million. This rapid growth in both production and sales is underpinned by government policies and high market demand. Aluminium China 2018 in Shanghai, from 11-13

Novelis Inc., the world leader in aluminum rolling and recycling, today announced it will invest approximately $180 million to double its automotive aluminum body sheet capacity at its Changzhou facility in China. The investment will be a continuous annealing solution heat (CASH) treatment line that will add approximately 100 kilotonnes of capacity and will include a high-speed slitter as well as a fully automated packaging line. These assets along with our proven operational expertise and fi

Steel Authority of India Ltd. (SAIL)partnering consistently in every major infrastructure project of national importance and relevance has supplied more than 50% steel for the Kishanganga Hydroelectric power project, inaugurated today by Hon’ble Prime Minister Shri NarendraModi. SAIL has supplied a total of 10500 tonnes of steel for the 330 MW hydroelectric project which features three power generating units of 110 MW each.SAIL’s supply for this consists majorly of TMT R

KCM Special Steel Co., Ltd is one of the leading steel piping manufacturers and suppliers in China. Stainless steel piping and fittings are an important part of China's export economy and plays an important role in stimulating China's economic growth. KCM Special Steel Co. is a part of this overall ecosystem, exporting their products all over the world. According to a recent CNN article, China is leaps and bounds ahead of other countries in its steel production. China accoun

Viraj Profiles Ltd., the largest manufacturer of stainless steel long products in India has embarked on a new journey of technological upgradation. The company has planned to revamp its Communications, Collaborations capability. Last month Viraj has signed an agreement with CISCO, a world class supplier for network & communication equipment, on areas of networking revamp, introducing enhanced video collaboration capability and securing our Email communication.

Outokumpu and Sandvik have signed an agreement for Outokumpu to purchase full ownership of Fagersta Stainless wire rod mill in Sweden. Fagersta Stainless is currently a 50/50 joint venture owned by Outokumpu and Sandvik Materials Technology. Fagersta Stainless is a leader in special stainless steel wire rod serving customers globally. In 2017, the company’s revenues were approximately EUR 150 million and stainless steel deliveries amounted to 52,000 tonnes. Fagersta’s pr