Press Releases

ExtractionTek Stainless (ETS), the First cannabis extraction manufacturer to use only domestic steel in its closed-loop machinery, announces the institution of one of three inter partes review (IPRs) petition filings with the Patent Trial and Appeal Board (PTAB) at the United States Patent and Trademark Office. Institution is based on a reasonable likelihood that at least one of the claims challenged in the IPR petition is unpatentable. The institution of the First IPR starts a one-year clock

Velo3D, Inc. , a leading metal additive manufacturing technology company for mission-critical parts, today announced that M300 tool steel, an ultra-low carbon alloy that delivers very high strength and hardness, is qualified for use in Sapphire printers. Velo3D has already seen extensive interest in the alloy from automotive manufacturers for use in high-pressure die cast inserts, injection molding, and other types of tooling. The first M300 parts printed on a Sapphire printer will be shown a

United States Steel Corporation , through its Big River Works facilities, today presented $1 million in donations to organizations in Osceola and Mississippi County, Arkansas, to help equip the community for the future by strengthening infrastructure and essential services. U. S. Steel convened a panel of local community leaders to advise the Company on where its contributions would make the greatest impact. These grants were presented today at a check-presentation ceremony on the s

Desktop Metal, Inc. a global leader in additive manufacturing technologies for mass production, today announced the launch of the Figur G15, the first commercial platform of its kind to shape standard sheet metal on demand directly from a digital design file using all-new, patent-pending Digital Sheet Forming (DSF) technology - no stamping tools, molds, dies, or presses required. While digital cutting tools are commonly used today and have delivered many benefits to the $300 bi

United States Steel Corporation  today announced the closing of $290 million unsecured Arkansas Development Finance Authority environmental improvement revenue bonds, which carry a green bond designation (the “Green Bonds”). Proceeds of the bonds will be used for “eligible Green Projects” within the meaning of the Green Bond Principles of The International Capital Market Association. Separately, the Company successfully repurchased approximately $300 mil

King Steel Machinery Co. Taiwanese company and German conglomerate Siemens have joined forces, in collaboration with industrial equipment supplier Ruhyih Automation, to begin integrating digital twin technologies into injection molding machines. The agreement guarantees energy and carbon reduction across the sector, incorporating energy efficiency from the beginning of the production process. Through this agreement, the three parties will help put Taiwan at the forefront of a global sustainab

McDermott International has been selected by Tata Steel IJmuiden B.V. to be part of an Integrated Project Management Team (IPMT) to shape and manage the execution of project Heracless (hydrogen era, carbonless). The project is located at Tata Steel's facilities in IJmuiden, 19 miles (30 kilometers) east of Amsterdam. The project is focused on the implementation of Direct Reduced Iron Plant (DRP) and Reducing Electrical Furnace (REF) technology at the facility as the basis for Ta

Tata Steel signed a Memorandum of Understanding (MoU) on August 26, 2022 with the Government of Punjab for setting up a 0.75 MnTPA long products steel plant with a scrap-based electric arc furnace (EAF). The MoU was signed in the presence of Shri Bhagwant Mann, Hon’ble Chief Minister of Punjab. This initiative to set up the greenfield facility at Kadiana Khurd, Hitech Valley, Ludhiana in Punjab is part of Tata Steel’s commitment to investing in a circular economy and tra

Algoma Steel Group Inc. and United Steelworkers Local Union 2251 , the union representing Algoma’s hourly employees, announced today that the parties have reached a tentative collective agreement. The USW Local 2251 bargaining committee is unanimously recommending the offer and the parties have agreed to extend the current contract until August 30, 2022, to allow for a ratification vote to occur. Voting is scheduled for August 25 and August 29, 2022. The Company will release details of

By the end of 2032, the global petroleum coke market is predicted to reach US$ 63.10 billion in valuation. Worldwide sales of petroleum coke are expected to increase at a noteworthy CAGR of 9.6% from 2022 to 2032, as per detailed industry analysis by Fact.MR, a market research and competitive intelligence provider. The developing steel industry, advancements in the cement and power-generating industries, rise in the supply of heavy oils, and positive government actions regarding the