Alcoa Corporation, a global leader in bauxite, alumina, and aluminum products, today announced the completion of a transaction with private equity investment firm PARTER Capital Group AG, based in Schindellegi, Switzerland, for that firm to acquire Alcoa’s Spanish subsidiaries that own and operate the Avilés and La Coruña aluminum plants in Spain. The acquisition, effective immediately, includes the casthouses at both plants and the paste plant at La Coruña, which a

The Fastener Exhibition & Conference is an event dedicated to providing an international showcase of market leading fastener and fixing technology. The event is Britain’s biggest stage for suppliers of fastening and fixing solutions, creating a dedicated space for an industry essential to the success of so many sectors. Fasteners Expo takes place on the 11th and 12th September, at the NEC in Birmingham

Zekelman Industries today announced it will build the world's largest continuous ERW tube mill in Blytheville, Arkansas, on property adjacent to its existing Atlas Tube mill.  The mill will be capable of producing sections as large as 28" OD x 1" wall.  The company projects an additional 75 new employees will be hired to work in the mill, growing its Blytheville workforce to approximately 150 employees. Startup of the new mill is scheduled for September 2021.

On 3 July 2019, Indian government's Directorate General of Trade Remedies (DGTR) initiated an anti-dumping investigation into stainless steel flat rolled imports from China, the US, the European Union, Japan, South Korea, Indonesia and nine other countries. This insight explores the reasons that led to the Indian government considering import restrictions and their possible implications. Details of the investigation Initiation of the anti-dumpin

In recent months we have seen British Steel in the UK go into administration and ArcelorMittal make cutbacks to European production targets. The profitability of the steel industry globally has fallen from high levels in 2017 and 2018, but the European steel industry faces added pressure from CO2 costs under the EU Emissions Trading Scheme (EU ETS) and this is at least partly to blame for recent decisions. Between 2013 and 2017 the EU ETS carbon allowance price (EUA) averaged less t

NLMK Group, a global steel company, has signed a long-term strategic partnership agreement with LTC Group, Italy and Middle East, a leading European manufacturer of components for transformers and power generation devices. Under the agreement, NLMK Group companies in Lipetsk and Yekaterinburg will regularly supply grain-oriented and non-grain-oriented electrical steel and provide technical support to LTC Group. The agreement also calls for extended cooperation in the development and

The global sheet metal market size is expected to grow by USD 69.16 billion during 2018-2022 due to its wide scale application in industries like automobile, aircraft, agriculture machineries and appliances. Increasing demand for sheet metals in the building and construction sector is also expected to fuel metal demand in the market. Rising trend of interior decoration and architecture is further anticipated to boost demand for sheet metals soon. Considering Asia Pacific regions, co

On 31 March 2020, the mining leases of mines totalling ~60 Mt/y of production will come up for auction. The majority of these mines are located in Odisha. The state government there has set out a 9-month schedule, from July 2019, for completing the auction process. However, we believe that this schedule is too ambitious and that mine restarts after the transfer of leases to the new owners will not occur for at least three to four months after the 31 March 2020 cut-off date. As a result, the c

Steel Dynamics, Inc. today announced the selection of Sinton, Texas, as the site for the company's previously announced new state-of-the-art, electric-arc-furnace (EAF) flat roll steel mill.  Sinton is located approximately 30 miles Northwest of the port of Corpus Christi, Texas.  Sinton is strategically located within the targeted Southwest U.S. and Mexico market regions, bringing numerous competitive customer and raw material advantages to the project.  Final determinatio

Iron ore prices reached above $120 /t in July 2019 following supply disruptions fuelled by Vale's tailings dam disaster in Brazil and cyclones in Western Australia. Price volatility has been significant over the past decade and this volatility is expected to continue making investment decisions difficult. In this Insight, we explain the importance of understanding and quantifying the inherent uncertainty associated with iron ore price forecasting and valuations to support robust