Company News

Sumitomo Metal Industries, Ltd. (Sumitomo Metals) and Sumitomo Corporation will acquire Steel Wheel Acquisition Corporation (SWAC), the parent company of Standard Steel, Inc. (Standard Steel) located in the US.  

Sumitomo Metal Industries, Ltd. (Sumitomo Metals) has created a new corrosion-resistant steel with tin (Sn) that can be used in salt-containing environments or cold climates where anti-freezing agents are sprayed.

Construction on the new Rajhi Steel complex in King Abdullah Economic City in Rabigh has begun. Amr Al-Dabbagh, governor of Saudi Arabian General Investment Authority and Abdul Aziz Al-Aboudi, chairman of Al-Rajhi Steel Company

Abu Dhabi National Energy Company PJSC (TAQA) has awarded Frames Process Systems B.V. (Frames), a multi-million Euro contract to deliver Dew Point Correction Units (DPCU) for Bergermeer Gas Storage in the Netherlands.

China-based Hainan Mining Co., a subsidiary of Shanghai-based vertically-integrated company Fosun Group, has signed a medium to long-term partnership agreement with Zhejiang Province-based Ningbo Iron and Steel Co. Ltd (Ningbo Steel).

Alstom has signed a contract worth almost EUR 200 million to build and service three wind farms in Brazil for Brasventos S.A., a company made up of J. Malucelli Energia (51%), Eletrobras Eletronorte (24.5%) and Eletrobras Furnas (24.5%). The wind farms, to be situated in Rio Grande do Norte State

SOLON Corporation has entered into an agreement with UniSource Energy Services (UES) that will bring a 1.22MW solar system to Kingman, Arizona. The plant will be powered by SOLON systems and modules, providing a faster, more cost-efficient method for UES

Universal Stainless & Alloy Products Inc has signed an agreement to purchase the assets of Patriot Special Metals located in North Jackson, Ohio. Patriot Special Metals features a largely completed Greenfield facility complete with a state of the art radial forge

Stainless Steel World is pleased to offer an in-depth report on the Iranian gas industry, written by an industry insider.