Press Releases
16 October 2018
Continuing its efforts to strengthen country’s infrastructure and provide cost effective solutions to construction sector, Steel Authority of India Ltd. (SAIL) has become the first domestic steel maker to successfully roll NPB–750 (NPP-750) Narrow Parallel Flange Beams. The depth of NPB-750 will be 750 millimetre with three different sectional weights as per the standards of BIS. NPB–750 has been successfully rolled by the new and state-of-the-art Universal Structural Mill (
Read more...15 October 2018
ArcelorMittal (‘the Company’) today announces that it has received a binding offer from Liberty House Group for the acquisition of ArcelorMittal Ostrava (Czech Republic), ArcelorMittal Galati (Romania), ArcelorMittal Skopje (Macedonia) and ArcelorMittal Piombino (Italy). The four assets are part of a divestment package the Company agreed with the European Commission (‘EU’) during its merger control investigation into the Company’s acquisition of Ilva S.p.A (&lsqu
Read more...Novelis breaks ground on new US$218 million China-based facility to meet growing demand in EV sector
12 October 2018
Novelis (China) just held the groundbreaking ceremony for a new facility at Changzhou National Hi-Tech District. With the addition of US$72 million to the registered capital and a further investment of US$218 million, the facility is meant to expand production capacity of premium automobile aluminum sheets by 100,000 tons. Once construction of the facility is completed, Novelis' total investment to date in Changzhou National Hi-Tech District will exceed US$400 million. Changzhou
Read more...Novelis, the global leader in aluminum rolling and recycling, today hosted members of the community, customers and government officials to break ground on the expansion of its automotive aluminum manufacturing facility in Changzhou, China. The $180 million investment will double the facility's production capacity of heat-treated aluminum sheet by 100,000 metric tons in order to better meet the growing demand for automotive aluminum in Asia. The facility will also be equipped with a high-s
Read more...10 October 2018
Novelis, the world leader in aluminium rolling and recycling, today announced the supply of its premium Novelis Advanz™ aluminium to the recently launched all-electric Jaguar I-PACE. This new addition to the Jaguar PACE family and the car maker's first all-electric vehicle features a strong and stiff lightweight aluminium construction to reduce weight and increase battery range up to 470km while delivering superior driving dynamics and safety. The bespoke electric vehicle&
Read more...9 October 2018
NioCorp Developments Ltd and IBC Advanced Alloys are pleased to announce the successful production of aluminum-scandium master alloy. The master alloy was produced at the Ames Laboratory, a U.S. government-owned, contractor-operated national laboratory of the U.S. Department of Energy (DOE), located in Ames Iowa. NioCorp and IBC intend to utilize the master alloy from this program to further the companies’ ongoing efforts to develop specialty scandium-containing alloys a
Read more...Steel Dynamics, Inc one of the largest domestic steel producers and metals recyclers in the United States, today announced it intends to release third quarter 2018 financial results after market close on Wednesday, October 17, 2018. The teleconference is scheduled to begin at 10:00 a.m. Eastern Time on Thursday, October 18, 2018 and will be hosted by Mark D. Millett, President and Chief Executive Officer, and Theresa E. Wagler, Executive Vice President and Chief Financial Officer. T
Read more...Nippon Steel & Sumitomo Metal Corporation and Mitsui & Co., Ltd. are pleased to announce that Robe River Iron Associates (“Robe River J/V”, Rio Tinto 53%, Mitsui 33%, NSSMC 14%) has decided to invest in the development of new iron ore deposits, namely, the Mesa B/C/H in the Robe Valley mine and the Deposit C/D in the West Angelas mine in the Pilbara region of Western Australia. The existing deposits in both Robe Valley mine and West Angelas mine, currently in ope
Read more...Today, United States Steel Corporation announces the establishment of a new revolving credit facility for United States Steel Košice to further enhance its capital structure. On September 26th, the Corporation’s wholly owned subsidiary U. S. Steel Košice, (“USSK”), entered into a five-year €460 million revolving credit facility agreement (the “Credit Facility”), replacing the existing €200 million credit facility. This enhanced C
Read more...Harsco Corp announced today that its Metals & Minerals division has successfully renewed a multi-year services contract with British Steel, a leading manufacturer of rail, construction steel, special profiles and wire rod. Under this contract, Harsco will provide slag management, briquetting, slab handling, coke crushing and other services at the Scunthorpe plant. Harsco has provided onsite steel plant services to British Steel for more than 30 years. “The renewal demonstr
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