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.

Arvindar Singh Sahney appointed as Chairman of IOCL

The Central Government has appointed Arvindar Singh Sahney as the Chairman of the Indian Oil Corporation (IOCL).

Swiss Steel implements planned capacity adjustments

In the first half year of 2025, Swiss Steel Group plans to reduce its workforce due to economic situation and weak demand

VE Partners Acquires Stainalloy: Driving Innovation in Sustainable Steel Piping Solutions

VE Partners acquires Stainalloy, a leader in specialized steel piping solutions, to drive growth in sustainable technologies.

Acerinox completes acquisition of Haynes International

Acerinox has completed the acquisition of Haynes International, which will become part of Acerinox's High-Performance Alloys division

Mill Steel acquires Maryland Metals Processing

Mill Steel Co., a major distributor of flat-rolled stainless steel in the U.S., has acquired Maryland Metals Processing (MMP)

Ulbrich acquires ATI operations

Ulbrich Stainless Steels & Special Metals acquired ATI’s precision rolled strip operations in Massachusetts and Germany

Marcegaglia doubles stainless production at Fagersta

Marcegaglia produces around 60,000 mt of wire rod in Fagersta (Sweden) and aims to double its total production.

POSCO considers selling its PZSS in China

POSCO Group considers selling the POSCO ZhangJiaGang Stainless Steel plant in China due to continued losses.

Tsingshan Industrial won the “Green Leadership Award”

Tsingshan Industrial has won the "Green Leadership Award" in the 2024 Asia Responsible Enterprise Awards China (AREA) awards ceremony.

India’s first railway test track worth Rs 820 crore

India's first dedicated rail test track uses stainless steel elements to prevent corrosion near Sambhar Lake