Voestalpine has finalized negotiations for the sale of its German subsidiary, Buderus Edelstahl, to Mutares SE & Co. KGaA, a well-known investment company based in Wetzlar, Hessen. The sale is pending approval from the…
Chinese special steel producer Huaigang Special Steel, part of the Jiangsu Shagang Group, has awarded Primetals Technologies a final acceptance certificate (FAC) for an 80-ton EAF Quantum electric arc furnace installed…
JSW Steel has announced that its wholly owned subsidiary, Jsquare Electrical Steel Nashik Private Limited, has signed a share purchase agreement to acquire 100pct equity interest in Thyssenkrupp Electrical Steel India…
Pomini Long Rolling Mills has secured a contract from Riva Acciaio SPA to expand the continuous rolling mill at its Cerveno facility in Brescia, Italy, as part of a modernization plan. This facility processes both…
Turkish steel producer Kardemir has secured a new rail export contract in Algeria, according to a stock exchange filing. The deal is valued at USD 11.2 mln, with delivery set to be completed within three months of the…
SMS Group has secured a contract to supply a state-of-the-art 185-ton Alternate Current Electric Arc Furnace (AC-EAF) and its auxiliaries to Saarstahl in Volklingen, Germany. This installation supports SHS's goal of…
Shandong Shouguang Juneng Special Steel is the first steelmaker in China to utilize the advanced Danieli Drawer technology for SBQ production, enhancing both quality and flexibility. This technology is part of the…
Turkish steel producer Kardemir has secured a new rail export order, according to a stock exchange filing. The company signed a contract worth USD 17.64 mln to supply rails to Azerbaijan, with delivery scheduled in…
Turkish steel manufacturer Cemtas Celik reported a net profit of TRY 26 mln (USD 764,456) in H1 2024, a significant drop from TRY 95.4 mln in the same period last year, according to its financial statement. During this…
Voestalpine Group's Steel Division will withdraw from the cam units and sliding elements business at its Linz site, gradually discontinuing the operations of Voestalpine Camtec GmbH by the end of the 2025/26 business…
China's Sanbao Group has signed contracts with Tenova LOI Thermprocess and Tenova Technologies (Tianjin) for the supply of three annealing and coating lines for non-grain oriented (NGO) silicon steel at its facility in…
Russian steel producer Severstal has completed the construction of a roll forming unit for cold-formed sheet piles at its Cherepovets Metallurgical Plant. The new unit, with an annual capacity of 60,000 tons, makes…
German special steel producer Lech-Stahlwerke (LSW) has issued the final acceptance certificate (FAC) to Primetals Technologies for an innovative scrap torch-cutting machine at its Meitingen plant. This new facility…
Japan's Mitsui & Co., Ltd. will establish a new electrical steel sheet processing facility in Skarbimierz, Poland, the company announced. The new entity, named Polska-Mit Steel sp. z o.o., will begin operations in April…
India's Shyam Metalics and Energy reported substantial gains in stainless steel sales, which surged 219pct YoY to 5,699 tons in July 2024, up from 1,786 tons in July 2023. Carbon steel sales, including billets and long…
Baoshan Iron & Steel Co. Ltd., a leading Chinese steel producer, has successfully completed the initial rolling of bars using the Kocks Reducing & Sizing Block (RSB) in its new SBQ rolling mill. This investment enhances…
SMS group has installed a new twin-stand Steckel mill at Shandong Tisco Xinhai Stainless Co. Ltd. in China. On June 21, the mill successfully rolled five coils in continuous operation, achieving dimensions of 1500 mm…
Jiangsu Yonggang Iron and Steel Group has fully commissioned its new Danieli eight-strand billet and bloom casters in Zhangjiagang, Jiangsu province, China. These casters produce high-quality steels, including…
Ovako has announced a EUR 9 mln (USD 9.8 mln) investment in its Smedjebacken steel mill to further enhance innovation and efficiency. This new funding follows previous upgrades, including an exhaust gas filter…
Cogne Acciai Speciali has contracted Danieli Service for a modernization project at its Aosta, Italy, facility. The project will focus on revamping the cooling chamber of the continuous casting machine for special steel…