PAO NOVATEK and NLMK Group signed a Memorandum on Cooperation (“MOU”) to cooperate in areas to reduce greenhouse gas emissions. According to the MOU, the Parties intend to cooperate in carbon capture, utilization and storage solutions, hydrogen production technologies and the use of hydrogen as a clean-burning fuel, as well as develop new products to be used in low-carbon technologies. “NLMK is one of the largest industrial consumers of our natural gas,&r

Boston Metal announced it raised $50 million in Series B funding, positioning the company to accelerate industrial-scale deployments of its molten oxide electrolysis (MOE) technology towards emissions-free steel. The financing was led by Piva Capital, BHP Ventures, and Devonshire Investors, the private investment firm affiliated with FMR LLC, the parent company of Fidelity Investments. Existing investors Breakthrough Energy Ventures, Prelude Ventures, OGCI Climate Investments, and The Engine

Hitachi Metals, Ltd. (hereinafter “Hitachi Metals”) is pleased to announce that it has entered into a licensing agreement with Teikuro Inc. (hereinafter “Teikuro”) for the technical provision of Hitachi Metals’ high-performance surface treatment TribecTM in order to meet the demand for surface treatment for dies in the North American market. Surface treatments for coating film on metal surfaces are an effective technology for increasing the strength, du

The "Metals & Mining Industry in India: Insights into Human Capital & Locations 2020" report has been added to ResearchAndMarkets.com's offering. The most comprehensive report on the Metals & Mining industry, which covers the various sub-sectors such as iron & steel and others in great detail. The workforce insights and compensation benchmarking will provide unparalleled insights across all business functions and seniority levels. The objectiv

Norfolk Iron & Metal, Co. ("NIM"), a full-line steel service center, and The Coeur d'Alenes Company (Cd'A Metals), a full-line metal service center in the Inland Northwest, jointly announced that NIM completed the acquisition of Cd'A Metals on December 31, 2020. The acquisition complements NIM's market coverage, adding three new locations in the Northwest, and further expanding NIM's product lines and processing capabilities.  The NIM family of

Tronox Holdings plc, a leading integrated manufacturer of titanium dioxide pigment, received a decision from the British Competition and Markets Authority ("CMA") indicating that it intends to open a Phase 2 investigation into Tronox's proposed acquisition of the TiZir Titanium and Iron ("TTI") business from Eramet S.A. (the "Seller") as announced on May 14, 2020.  As a standard part of the process, the Company may offer remedies to the CMA before it rea

The "Electrical Steel Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering. The global electrical steel market was valued at $15.0 billion in 2019, and is projected to reach $21.0 billion by 2027, growing at a CAGR of 5.8% from 2020 to 2027. Electrical steel is a ferromagnetic material containing silicon up to 6.5%. It has the potential to decrease the dissipat

PowerFleet, Inc., a global leader and provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets such as material handling equipment, tractor trailers, containers, cargo, automobiles, and light and heavy duty truck fleets, announced today it has been selected by Nucor Tubular Products to improve safety, compliance, and utilization by using PowerFleet's telematics solutions. Nucor Tubular Products h

AZZ Inc., a global provider of metal coating solutions, welding solutions, specialty electrical equipment and highly engineered services, announced today that it has acquired all the assets of Acme Galvanizing, Inc. ("Acme"), a privately held hot-dip galvanizing and zinc electroplating company based in Milwaukee, Wisconsin. For more than 100 years, Acme has been providing quality metal coating services to the post-fabrication steel market. Terms of the transaction were not disclosed

Russel Metals Inc. announces that it has closed its acquisition of Sanborn Tube Sales of Wisconsin, Inc. ("Sanborn"). Sanborn is a metals service center with a heavy emphasis in value-added processing.  The Sanborn operation, based in Pewaukee, Wisconsin, is in close proximity to our three Wisconsin service centers and offers the opportunity for the combined business to expand our product offering.  Over the past several years, Sanborn generated annual sales of a