POSCO buys 24% stake in an IMFA unit
POSCO is going ahead with its ferrochrome JV plans with the IMFA Group, which is scheduled to operational by the end of the current quarter. POSCO will have a 24% stake for USD 5 million in a subsidiary of the Indian Metals & Ferro Alloys Limited
Van Leeuwen acquires Teuling Staal
The Van Leeuwen Pipe and Tube Group has acquired Teuling Staal B.V. A specialist in the field of duplex and super duplex stainless steel materials, Teuling Staal is a leading supplier of duplex and super duplex stainless steel pipes, fittings, flanges and special products for the Oil and Gas
Ferrium® M54™ gets AMS 6516 specification
Ferrium® M54™, an ultra-high-strength, high-toughness steel designed by QuesTek Innovations LLC, has been issued Aerospace Material Specification 6516 by SAE International. The steel is also highly resistant to Stress Corrosion Cracking (SCC).
Jim Macki named MTI Fellow
The Materials Technology Institute has named Jim Macki an MTI Fellow. In 1979, Macki served on MTI’s Board of Directors and, after a hiatus from the organization, became an Associate Director in 1995. He retired from The Dow Chemical Company in 1995 after providing 27 years’ of service
Shell Global signs Iraq refinery deal
Shell Global Solutions International B.V. (Shell Global Solutions) has entered into an agreement with the South Refineries Company of Iraq, for the provision of technology licenses to a refinery in Basrah, Southern Iraq.