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.

Vietnamese steel makers facing cheap imports

As reported by Tuoi Tre News, Vietnamese steel manufacturers are facing a new challenge as businesses are tending to import cheap steel from other countries rather than buying locally made products. The trade deficit in the steel sector in the first two months of this year topped USD 1B.

Statoil awards SSF

Stainless Steel Fasteners Ltd (SSF), a leading UK manufacturer of high-integrity specialist fasteners, is the first fastener manufacturing company to be awarded NORSOK M-650 accreditation by Statoil ASA. SSF has been qualified for the hot forging of its range of super duplex stainless steel fasteners.

National Fuel announces management changes

The Board of Directors of National Fuel Gas Company elected Mr. Ronald J. Tanski as CEO and Mr. David F. Smith was elected to the position of Executive Chairman of the Board.

SMS Concast to deliver EAF to Republic Steel

SMS Concast AG received an order to deliver a 150-t EAF (Electric Arc Furnace) and process equipment from the US company Republic Steel.

Energy Minister recognises subsea excellence at RO

The UK Secretary of State for energy and climate change has hailed subsea services company ROVOP as “a leading specialist in its field” and one which is ensuring that the country remains at the global vanguard of the energy industry.

Manoir complete HAF qualification for China

newsitemManoir Industries has successfully completed an extension to its HAF qualification and can now participate in all new projects of nuclear power plants in China for cast and forged parts.

Usiminas to deactivate 2nd continuous casting line

Brazilian steelmaker Usiminas is considering a possible deactivation of another continuous steel casting line at its Cubatão plant in southeastern São Paulo state after a net loss of USD 271M last year.

Minas Gerais state to launch metro tender

Minas Gerais state plans to launch a multibillion dollar tender by June this year for a 30-year concession to expand and operate its metro system in state capital Belo Horizonte.

Aberdeen Harbour remains BP’s North Sea base

Aberdeen Harbour Board has announced that BP has agreed to extend its presence at the port for a further 10 years.

PPL Electric Utilities to invest nearly USD 1B

newsitemPPL Electric Utilities will invest nearly USD 1B this year to improve the reliability of the system that delivers power to its nearly 1.4 million customers. The projected investment of USD 968M includes USD 616M for transmission projects which is the largest scale infrastructure investment since the 1970s.