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.

UK: biomass plant

UK-based Helius Energy's plans to increase its biomass operations have moved forward after it secured land at Southampton port for a 100MW plant. Helius said that it has signed an option to lease a 20 acre site in the port for the proposed construction of the biomass fuelled power plant. The company intends to enter into consultation with the local community about the plans, before submitting an application to the government for planning approval.

Ankua iron ore mine

According to TATA Steel CFO Mr Koushik Chatterjee the company has been given the working permission for an iron ore mine in Ankua in Jharkhand. The total area of the mine is 1800 hectares and it is said to be holding about 400 million tonne of iron ore. TATA Steel said that it had received the prospecting licence from the central government last year, but to begin exploration work, it needed the state government’s working permission, which it has received now.

Matou works to resume stainless steel operations

Taiwan-based Chien Shing Stainless Steel Co. (CSSSC) will resume operation in the week of 23 August 2010 because of the strong demand requests from their existing customers.

New apprentices at BUTTING

BUTTING welcomed a large number of new trainees, 31 young apprentices into the company at the end of July.

Sandmeyer appoints DK Corp.

Sandmeyer Steel Co. has announced the appointment of DK Corp. (DKC) as the Company’s Representative Office and Sales Support Center in Korea.

LNG in short-sea shipping

According to DNV’s summer students, LNG could become the most feasible means of fuel in short sea shipping.

New CEO for ArcelorMittal Kriviy Rih

ArcelorMittal has announced that it has appointed Mr Rinat Starkov as the new CEO of OJSC ArcelorMittal Kriviy Rih Mr Starkov replaces Mr Jean Jouet who has now left the company.

Sumitomo to hike seamless pipe price

Sumitomo Metal Industries Ltd has announced plans to increase export prices from October as rising energy demand lifts sales for the pipes used to extract oil and gas.

UAE: petrochemical project at Ruwais

Abu Dhabi plans to build new petrochemicals plants near an existing oil refinery at the Ruwais industrial area rather than at a port closer to the UAE capital.

Malaysian stainless steel plant

Acerinox SA has announced that it is pumping in an extra USD 251 million for the second phase of its stainless steel production plant in Malaysia.