Press Releases
2 September 2020
SSAB, LKAB and Vattenfall are taking a decisive step toward fossil-free steelmaking with the start-up of HYBRIT’s globally unique pilot plant for the production of fossil-free sponge iron. Swedish Prime Minister Stefan Löfven started up the plant together with Isabella Lövin, Minister for Environment and Climate and Deputy Prime Minister, Martin Lindqvist, President and CEO of SSAB, Jan Moström, President and CEO of LKAB and Magnus Hall, President and CEO of Vattenfall. S
Read more...1 September 2020
Metalloinvest, a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, today announces that the Company has received a new sustainability rating from ISS ESG, a leading international agency. ISS ESG covers more than 200 Metals & Mining companies across the world and bases its assessment of a company’s sustainability performance on approximately 100 criteria, selected specifically for each industry. Following the ass
Read more...31 August 2020
NLMK La Louvière, an NLMK Group company and one of the leading strip product manufacturers in Belgium, has begun the pre-assembly of three new finishing mill stands for its hot strip mill upgrade that will enable the company to expand the production of thinner, stronger and more environmentally friendly steel for customers in the EU. The pre-assembly is planned to last until November 2020, then dismantling of the old finishing mill stands will begin, followed by the installat
Read more...29 August 2020
In May, PJSC “Ilyich Iron and Steel Works of Mariupol” (Ilyich Steel) issued the FAC for the revamp of its 1,700 mm hot strip mill (HSM 1700). The revamp of HSM 1700 further increases MMKI’s competitiveness through the extension of product mix and range, improvement of quality, increase of productivity and reduction of production costs. Production capacity will grow from 1.36 to 2.5 million tons per year. A state-of-the-art automation system makes the plant ready for Industr
Read more...28 August 2020
Super Steel, LLC has acquired the Sabre Division of Manitex International. Established in 1923, Super Steel is a leading contract manufacturer serving the Agricultural, Construction, Industrial, Transportation, and Defense Markets. Mantix-Sabre is a Knox, Indiana based manufacturer of engineered specialty tanks serving the Energy, Environmental, Industrial, and Waste Water marketplace. The transaction is anticipated to bring approximately 50 jobs to Super Steel’s Milwaukee,
Read more...28 August 2020
The aluminum rolled products market size is estimated to be USD 45.2 billion in 2020 and projected to reach USD 62.5 billion by 2025, at a CAGR of 6.7% from 2020 to 2025. Growth in automotive & transportation, building & construction and other industries has fuel the growth of aluminium rolled products market. China, India, Japan, US, and Germany are the major countries leading in the market. However, the recent outbreak of Covid-19 is expected to impact the aluminum rolled products m
Read more...27 August 2020
NLMK Lipetsk has embarked on a project to construct a new continuous hot-dip galvanizing line with a capacity of 450,000 tonnes of steel per year. The new line will produce high-quality steel for the construction, automotive, and white goods industries. In 2019, NLMK signed a contract with Tenova (Italy) for base engineering and the supply of main process equipment. The start-up of the line is planned for 2022. Investment in the project will exceed RUB 12 billion. Currentl
Read more...SMS group has successfully – and ahead of schedule – commissioned the No. 2 shearing line of Jiangsu Shagang Group in Zhangjiagang, China, after the installation of an X-Pact® automation system. In this project, Jiangsu Shagang Group, one of the biggest private steel companies in China and a Fortune Global-500 company, reconfirmed its trust in automation technology from SMS group. The order for the automation of the 3.5-meter shearing line was placed in December 2018
Read more...26 August 2020
The "Metal Injection Molding - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. The publisher brings years of research experience to the 9th edition of this report. The 295-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed. Global Metal Injection Molding Market to Rea
Read more...Technavio has been monitoring the metal cutting tools market and it is poised to grow by USD 10.24 bn during 2020-2024, progressing at a CAGR of over 6% 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
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