Company News

Insteel Industries’ wholly-owned subsidiary, Insteel Wire Products Company (together referred to as Insteel) has completed the acquisition of substantially all of the assets associated with the pre-stressed concrete strand (PC strand) business of American Spring Wire Corporation (ASW) for a purchase price of approximately USD 36M.

Metalloinvest completed a major project as part of its investment programme with the launch of a mobile crushing and sorting plant at Lebedinsky GOK (part of Metalloinvest).

John Bell Pipeline Equipment Company has invested in a significant order of duplex and super duplex pipe, fittings and flanges to satisfy the demands of the Subsea Oil & Gas market.

Mechel has appointed Alexey Ivanushkin its first deputy CEO. Ivanushkin will be in charge of Mechel’s strategic development issues, optimising the company’s structure and disposal of non-core assets.

Barrett Steel has launched a new website for its Strip & Alloys (BSA) business to promote the range of specialist materials, including stainless steel, duplex, titanium and nickel alloy in sheet and strip for the gasket manufacturing industry worldwide.

The Steel Market Development Institute (SMDI), a business unit of the American Iron and Steel Institute (AISI), announced that Dr Jody N.

Superior Tube Company, a manufacturer of small-diameter precision tubing for safety-critical applications, has recently invested in the acquisition of a new Everite Ultracut electrochemical tube cutoff machine for its plant in Collegeville, Pennsylvania.

Plibrico Company appointed Justin Teiken as the new vice president of Sourcing and Product Development. Justin began his career at Plibrico, and has since dedicated 18 years to new refractory product development and applications.