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Company News

In this section you can find updates from suppliers, manufacturers, fabricators and stockists of stainless steel material. This company news section is updated regularly with the latest company news from within the global stainless steel world community. If you wish to include your newsrelease on our website and email newsletter, please feel free to contact Joanne McIntyre.

Posco wins bronze for laser welded tubes

Posco won a bronze prize in the annual ISSF Awards for its laser welded duplex stainless (329J4L) tube for gas gas heaters.

Kanthal announces price increase to its customers

Kanthal announced that it has notified customers globally of a price increase, effective June 7, 2021. The increase is a result of higher costs related to raw material, logistics and personnel and will vary by products and regions in the range of 4% to 10%.

Leon Topalian elected as Chairman of AISI

Nucor Corporation President and Chief Executive Officer Leon Topalian was elected to serve a two-year term as chairman of the American Iron and Steel Institute (AISI) Board of Directors.

Innovative cooling system release at Nucore Group

Nucore Group has recently completed an innovative cooling system prioritizing low load starting current, designed for continuous and ad-hoc use on limited capacity power sources.

Topsoe and Preem achieve 85% of renewable feedstock

Together, Topsoe and Preem have concluded the revamp of Preem’s Gothenburg refinery, which is part of Preem’s endeavors to reduce Sweden’s total carbon emissions by 20%.

New production site in Tucson, Arizona

In November 2020, Sandvik Materials Technology had found a second location for EXERA® fine medical wire and wire-based components manufacturing.

Essberger orders FKAB’s stainless steel tankers

FKAB Marine Design proudly presents the new building project of 4+4 X 6 600 DWT DF stainless steel chemical tankers, ordered by John T. Essberger, at China Merchants Jinling Shipyard (Yangzhou) Dingheng Co Ltd. in China.

AWI celebrates 75 years in business with £1m investment

Alloy Wire International (AWI) is celebrating 75 years of manufacturing in 2021 and has plans in place to take sales past pre-Covid-19 levels to GBP 12M by the end of the year.

Tenova secures a revamping contract from Baowu Group

China Baowu Steel Group Corporation Limited awarded Tenova two contracts for the revamping of a fully automatic roll shop for its silicon steel plant at Baoshan Iron and Steel, in Baoshan, Shanghai, China.

Outokumpu appoints Päivi Allenius

Outokumpu has appointed Päivi Allenius as Vice President – Group Communications. She will report to Johann Steiner, Chief Human Resources Officer.