GFI Asia Partners Pte. Ltd ("GFI"), a subsidiary of BGC Partners, Inc., a leading global brokerage and financial technology company, announced that it took a majority stake in a newly established joint venture company in China, GFIGS Commercial Consulting (Shanghai) Co., Ltd ("GFIGS"), offering OTC derivatives brokerage service. GFI's joint venture partner, Guizhou Big Data Capital Service Centre Co., Ltd. ("Guizhou Big Data Capital"), is a modern s

TimkenSteel Corp., a leader in customized alloy steel products and services, today announced it will increase base pricing on all special bar quality (SBQ) products by $25 per ton. This increase is applicable to orders not already covered by pricing agreements and is effective for shipments beginning January 4, 2021. All surcharge mechanisms remain in effect. About TimkenSteel Corporation TimkenSteel manufactures high-performance carbon and alloy steel produc

Race Rock Group (“Race Rock”), a Houston-based private investment firm, has entered into a definitive agreement to acquire Structural & Steel Products, Inc. (“SSP”), a portfolio company of Highland Capital Management (“Highland”). Structural & Steel Products, based in Ft. Worth, Texas, is a leading distributor and manufacturer of transportation, telecommunications, transmission and utility infrastructure products. SSP was founded in 1969 a

The latest generation of the EAF unit will be installed at the steelmaker’s facility in Welland (Ontario) and will be equipped with Tenova’s state-of-the-art electronic regulation TDRH 4.0 system. Tenova was awarded a contract by Valbruna ASW Inc., for the supply of a new EAF (Electric Arc Furnace). Valbruna ASW Inc. is a premier specialty steel-maker and the EAF will be installed at its facility located in Welland, Ontario (Canada). The scope of the supply inc

Turkish steel producer Tosyali Demir Celik Sanayi A.S. has placed an order with Primetals Technologies to supply an EAF Quantum electric arc furnace, a twin vacuum-degassing plant with oxygen blowing and a two-strand slab caster for a flat steel greenfield project in Iskenderun, Turkey. The EAF Quantum is designed to handle metallic scrap and virgin materials such as HBI, pig iron in different composition and quality. The electrical energy requirement of the electric arc furnace is extremely

Ural Steel (part of Metalloinvest) has put into operation a new ore transfer car as part of a programme to re-equip blast furnace production. Metalloinvest allocated 73 mn roubles to its acquisition. The modern loader, with a 70-tonne lifting capacity, was installed on the bunker trestle of the blast furnace shop. It will transport charge materials from the ore yard to the blast furnace ore bunkers, ensuring an uninterrupted and highly efficient operation. The self-propell

Metalloinvest, a leading global iron ore and HBI producer, and one of the regional producers of high-quality steel, presented the development vision for its mining enterprises and shared its experiences in producing pure steel at the ‘Clean Steel: from Ore to Rolled Products – 2020’ conference. Lebedinsky GOK and Andrey Varichev Mikhailovsky GOK’s development strategy is aimed at reinforcing the Company’s position among the world’s leading produce

United States Steel Corporation announced the closing of $63.4 million of Environmental Improvement Revenue Bonds with a green bond designation. The company will use proceeds from the green bonds to partially fund work related to its new environmentally preferred, low-emission electric arc furnace at U. S. Steel’s Fairfield Works. “Our first green bond is an important step forward for U. S. Steel in our drive toward more sustainable practices,” said U. S. Steel Pre

Tata Steel has launched a new coated product brand named ‘Galvanova,’ a 55% Aluminium-Zinc alloy coated product, to address the evolving and unmet requirements of the Medium and Small Scale Enterprises (MSMEs) - Emerging Corporate Accounts (ECAs).   Sanjay S Sahni, Chief of Marketing & Sales (Branded Products & Retail), Tata Steel, said: “Over the last few years, Tata Steel has leveraged its technological capabilities to build a strong value-added stee

The "U.S. Rolled Steel Shape Market Analysis and Forecast to 2025" report has been added to ResearchAndMarkets.com's offering. The report provides on a detailed analysis of the U.S. rolled steel shape market. It indicates the latest data of the market size and volume, domestic production, exports and imports, price dynamics and turnover in the industry. In addition, the report contains insightful information about the industry, including industry life cycle, business l