The Steel market will register an incremental spend of about $130 billion, growing at a CAGR of 3.00% during the five-year forecast period. A targeted strategic approach to Steel sourcing can unlock several opportunities for buyers. This report also offers market impact and new opportunities created due to the COVID-19 pandemic. Request free sample pages Key benefits to buy this report: What are the market dynamics? What are the key mark

Reliance Steel & Aluminum Co. announced that it has entered into an amended and restated $1.5 billion five-year unsecured revolving credit facility (the “Facility”) that will replace its existing credit agreement. The Facility includes an increase option for up to an additional $1.0 billion and allows for prepayments.  The Facility does not have an outstanding balance. The Company intends to use funds borrowed under the Facility from time to time for general corporate pur

Elkem has decided to invest in a new biocarbon pilot plant in Canada. The project aims to secure industrial verification of Elkem's technology for renewable biocarbon, with a long-term goal of contributing to climate-neutral metal production. The technology also has potential for application in other industry sectors, contributing to reduced CO2 emissions. The total investment for the pilot plant amounts to NOK 180 million. The project has received financial support from the Can

The Global Aluminum Industry market size is expected to grow over USD 50 billion at a Compound Annual Growth Rate (CAGR) of 5.0% during the forecast period of 2019-2024. The extensive usage of recycled aluminum across end-user industries such as the automobile industry will act as the primary spend growth driver in the global aluminum market. This report also offers market impact and new opportunities created due to the COVID-19 pandemic. Request free sample pages

SSAB, using HYBRIT technology, which endeavors to revolutionize steelmaking, aims to replace coking coal, traditionally needed for ore-based steelmaking, with fossil-free electricity and hydrogen. SSAB has now also joined the European Clean Hydrogen Alliance. In July 2020, the European Commission presented its EU Hydrogen Strategy, underlined by the launch of the European Clean Hydrogen Alliance. The European Commission acknowledges the growing momentum for hydrogen as an essential

Sage, the market leader in cloud business management solutions, announced that Ritchey Metals will implement Sage X3, an intuitive and customizable ERP solution, to support the company’s rapid growth and deploy a unified data strategy across its business operations. Established in 1965, Ritchey Metals is a preferred supplier of zinc, aluminum, and non-ferrous alloys across the die casting, electroplating and steel coating industries. With the help of Ascend Business

Wuxi Paike New Materials Technology Co., Ltd., based in Wuxi, Jiangsu Province, China, has placed an order with SMS group to deliver the world's largest ring rolling machine for manufacturing components for aircraft engines. The RAW 1000/800-10000/1500-EH is the first ring rolling machine in the world that is capable of rolling jet engine rings with a maximum height of up to 1,500 millimeters. This dimensional capacity will enable Wuxi Paike to manufacture the rings required for the next

The new direct reduction plant ordered by the Russian steelmaker OMK will be installed at Vyksa Steel Works. Part of the new complex for the production of slabs, seamless pipe and rail wheels, it will produce 2.5 Mtpy of top-quality Direct Reduced Iron (DRI) -virgin iron units used in EAF to produce the most demanding steel grades. The OMK investment and selected process route -Energiron DRI technology plus Danieli EAF- will be a benchmark for energy efficiency and environ

According to the report published by Allied Market Research, the global automotive advanced high strength steel (AHSS) market generated $12.80 billion in 2018, and is estimated to reach $33.85 billion by 2026, growing at a CAGR of 13.1% from 2019 to 2026. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenario. Increasing demand for lightweight automotive components and rise in vehicl

Tenaris has announced USD 11 million investments at its melt shop in in Pennsylvania to expand the plant’s size range capabilities.  The steel shop ’s caster line will undergo upgrades to increase its steel bar size capabilities and improve safety, IT and automation systems at the mill.  The expansion will allow the facility to produce bars in a wider range of sizes, while securing a reliable source of billets for Tenaris’s seamless mills in Bay