On July 10th, 2020, BBC Pearl cargo operations were completed for the delivery of steel production machinery to Danieli & C. USA client, Nucor Gallatin. An unprecedented effort of shipping 3,000 tons of materials, that is 10,000 m3 in volume, in a single batch, set a record not only in Danieli, but in the entire national and regional supply chains of equipment produced in Italy, primarily in Danieli’s workshops. This is one of the major orders conducted by Daniel

Ambica Steels Limited, the leading manufacturer of bright bars in India has established a new factory in Ghaziabad. This new factory is the Unit -4 of the industry and it is located on Plot No-C11, Bulandshahr Road Industrial Area, Ghaziabad-201002. This new unit proved to be very beneficial for Ambica Steels Limited as it has enabled the industry to increase the production of bright bars. The Industry is one of the most successful stainless-steel manufacturers of the country and it also exce

Worldwide metal recycling market reached a valuation of USD 52.10 billion in 2019 and  to reach USD 90.46 Billion by 2027 with a CAGR of 5.14% over 2020-2027. Spike in demand and production of green energy coupled with stringent government regulations regarding metal recycling and environmental safety are major growth drivers of the industry, cites the report. Global metal recycling market, as per the given report, is studied through multiple categorizations including metal typ

Steel Dynamics, Inc announced that Steel Dynamics, Inc. was recognized as the "2020 Global Steel Producer of the Year" on Thursday, July 23, 2020, during the Fastmarkets Global Awards for Steel Excellence ceremony.   "We are honored and humbled to receive this award," said Mark D. Millett, President and Chief Executive Officer. "First and foremost, my heartfelt thanks to our entire Steel Dynamics team for the passion, innovation, and dedication to excel

EVRAZ NTMK (Nizhniy Tagil) completed the overhaul of Blast Furnace 6. Together with Blast Furnace 7 launched in April 2018, they form the most up-to-date and environment-friendly steel-making facility in Russia. The project has taken $176 mln in investments and 16 months to complete. The volume of the furnace is 2,200 m3, its scheduled annual production capacity – 2.5 mln tonnes of pig iron. Blast Furnace 5 reached the end of its useful life and was idled, decision on its furt

China's new standards for scrap imports cause inventory build-up. New standards for the imports of aluminium scrap into China came into effect on 1 July. The new standards are set to replace the current quota policy in place since July 2019. However, Chinese customs have not yet released key information regarding the specific HS codes for scrap shipments under the new policy. Without the codes, scrap traders have been unable to ship their material into China, which according to

GrafTech International Ltd. announced that its majority shareholder, a consortium led by Brookfield Business Partners LP (the “Brookfield consortium”), distributed a portion of its GrafTech common stock to the owners in the Brookfield consortium. While the same number of shares will continue to be owned by the current owners following the distribution, approximately 26.8 million shares will now be directly held outside of the Brookfield consortium, increasing the public float of t

Business Wire IndiaOtis eCall Customers call on Otis to support reopening strategies and facility-operation plans. Otis offers

Cleveland-Cliffs Inc. announced that its wholly-owned subsidiary, AK Steel, is increasing current spot market base prices for all carbon flat-rolled steel hot rolled, cold rolled and coated products by a minimum of $40 per ton, effective immediately with new orders in North America. About Cleveland-Cliffs Founded in 1847, Cleveland-Cliffs is among the largest vertically integrated producers of differentiated iron ore and steel in North America. With a

Commercial Metals Company announced that its wholly owned subsidiary, CMC Steel Oklahoma, LLC, has acquired substantially all of the assets of AZZ's Continuous Galvanized Rebar business which, through a proprietary process, produces GalvaBar. GalvaBar is galvanized rebar with a zinc alloy coating that provides both superior corrosion protection and exceptional post-fabrication formability. GalvaBar operates out of a dedicated facility in Tulsa, Oklahoma, and its products are sold thr