Company News

AK Steel received a Deal Maker of the Year award from the Association for Corporate Growth (ACG) for the company’s USD 690M acquisition of Severstal Dearborn.

Velan announced the retirement of A.K. Velan as the executive chairperson of the Board of Directors after 65 years of service to the company.

DNV GL has awarded Siemens Wind Power with offshore prototype certification for its new 7MW offshore wind turbine SWT-7.0-154, which will now undergo field-testing in Østerild, Denmark. The prototype certificate confirms the compliance of the wind turbine design with the mandatory prototype requirements of the IEC 61400-22 standard and the Danish Executive Order (DEO).

Special steel producer Finkl Steel (formerly Sorel Forge), the North American subsidiary of SCHMOLZ + BICKENBACH, introduced its new tool steel solutions SF-2000® LQ40 and SF-2050® at Moulding Expo in Stuttgart, Germany.

Cambridge Engineered Solutions introduced Knuckleback™ Platinum, a new woven T314 stainless steel conveyor belt used in the final sintering stage in powdered metal production lines that produce parts for automobiles, home appliances and other industries.

Salzgitter Flachstahl (SZFG) has invested in a new major plant within the metallurgy area, namely the coal-injection system for the A and B blast furnaces.

The Watermill Group, a strategy-driven private investment firm, announced the sale of Global Tubes to AMETEK, a global manufacturer of electronic instruments and electro-mechanical devices, for approximately USD 200M.

Klein Steel Service, a full-line metals service centre with a worldwide distribution network, has been named a finalist for Metals Distributor of the Year from Platts Global Metals Awards. “To be selected as a finalist for Metals Distributor of the Year from such a well-respected global organization is an amazing accolade", said Todd Zyra, president.

Jan Hofmann has been appointed president of the APAC business area and member of the Outokumpu Leadership Team effective immediately.

The European Commission’s research and innovation programme Horizon 2020 has granted EUR 17M in funding for the Clean Energy From Ocean Waves (CEFOW) research project that is co-ordinated by Fortum.