The "Ultra-High Strength Steel Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering. The market for the ultra-high strength steel market is expected to grow at a CAGR of more than 6% globally during the forecast period. Increasing applications in the production of automobiles and growing demand from the construction industry are driving the market growth. High cost of production and the outb

With the acquisition of Italian companies OMAV S.p.A. and Hydromec S.R.L., SMS group is further expanding its product range in the extrusion plant and forging press sectors. OMAV, a supplier of aluminum extrusion lines, and press manufacturer Hydromec both represent high quality standards and extensive great expertise in their areas of activity, thus strengthening SMS group’s position as a globally active technology leader in mechanical and plant engineering. With its extended product p

Amid the COVID-19 crisis, the global market for Coated Steel estimated at US$24.4 Billion in the year 2020, is projected to reach a revised size of US$31.6 Billion by 2027, growing at a CAGR of 3.8% over the analysis period 2020-2027. Polyester, one of the segments analyzed in the report, is projected to record a 4.4% CAGR and reach US$13.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in

NLMK Group, a global steel company, has supplied a batch of Quend 700, its extra high-strength structural steel grade produced by NLMK Clabecq, to Pnevmash (Pneumatic Machine Building Company) for the production of beneficiation equipment. Pnevmash produces equipment for the mining sector, including a variety of grizzly screens used for separating raw materials by size. This type of equipment operates under sustained high loads coupled with constant vibration, which means the manufa

As per credible estimates, global steel refractory materials market share was worth USD 22110.32 million in the year 2019 and is expected to record substantial growth during 2020-2025. The growth is attributable to rapid industrialization and urbanization, especially in emerging countries like China and India, leading to notable investments for construction of commercial and residential buildings. As per the given report, global steel refractory materials market is studied with resp

Technavio has been monitoring the blast furnaces market and it is poised to grow by USD 869.14 mn during 2020-2024, decelerating at a CAGR of almost 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will

ArcelorMittal announces a group-wide commitment to being carbon neutral by 2050, building on the commitment made in 2019 for its European business to reduce emissions by 30% by 2030, and be carbon neutral by 2050. Commenting on the 2050 net zero target, before speaking about the challenge of decarbonising the steel industry at the Financial Times Commodities Conference today, Aditya Mittal, President and CFO, said: “If the world is to achieve net zero by 2050 it will

Voestalpine is an international technology corporation producing industrial goods. A four-strand continuous bloom caster supplied by Primetals Technologies went into operation at its Leoben steel production plant in July. The new caster is the most modern of its type in the world and has been designed for digitalization. Fully automatic casting was possible right from the very start. The CC4 plant replaces the previous CC2 caster. In four-strand operation, it is designed to produce 950,000 me

Novelis Inc., the world leader in aluminum rolling and recycling, today announced it has sold the former Aleris plant in Duffel, Belgium to ALVANCE, the international aluminium business of the GFG Alliance. Previously, the European Commission and Chinese State Administration for Market Regulation determined that Novelis' acquisition of Aleris, which closed earlier this year, could proceed on the condition that Novelis divest the Duffel plant to a third party that met certain buy

Recently, HBIS Tangshan Iron and Steel Group Co. Ltd. (HBIS Tangsteel), a Chinese steel producer, has awarded Primetals Technologies with the final acceptance certificate for two continuous galvanizing lines (CGL) installed as part of the expansion of cold rolling mill no. 2 at its Tangshan plant in Hebei Province. The CGLs 5 and 6 increase the production capacity for high-strength, coated metal sheets by 650,000 metric tons per annum. The sheets are mainly used by the automotive industry. Th