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 news release on our website and email newsletter, please feel free to contact the editor.

Ørsted and POSCO sign MoU to expand their relationship

Ørsted and POSCO Group announced the signing of a Memorandum of Understanding (MoU) to expand their relationship. POSCO and its affiliates will apply the group's joint capabilities to support the development of Ørsted's 1.6 GW offshore wind projects off the coast of Incheon City.

NORSOK-M650 qualification of manufacturers

Highland Foundry Ltd, Surrey, BC Canada, is pleased to announce the successful completion of updating the 22Cr (MDS D46) Duplex and 25Cr (MDS D56) Super Duplex casting Qualification Test Records (QTR’s) to the current Rev.5 for NORSOK M-630 Edition 6 and M-650 Edition 4.

Skanska selects BUMAX to supply fasteners for Slussen

BUMAX has been chosen to supply high-strength and corrosion-resistant fasteners to global construction giant Skanska for the high-profile Slussen infrastructure project in Stockholm, Sweden.

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.