News

Our dedicated news department gathers news and press releases from around the world to bring our community the latest developments in the stainless steel industry. Here you can find news involving the people and companies involved in the manufacturer, supply and use of corrosion resistant alloys (CRAs).

Topics such as tubes & pipes, cladding, offshore, chemical process industry, welding & fabrication, 13Cr stainless steels, titanium, nickel alloys, pulp & paper and duplex stainless steels are covered as well as interviews with materials specialists, manufacturer and end users alike.

If you wish to include your news release on our website and email newsletter, please feel free to contact the editor.

Stainless steel circlips

New internal and external circlips are available from Ondrives in both steel and stainless steel. External circlips are manufactured to DIN471 standard and internal are made to DIN472.

Metal costs up in 2006

Japanese stainless steel mill Nisshin Seiko has seen its purchase costs of zinc, nickel and molybdenum rise by JPY 10 million in the current fiscal year 2006 from last year.

Uzbekistan: LPG plants

Gail and Uzbek government-owned holding company Uzbekneftegaz, who recently signed a memorandum of agreement (MoA) to jointly set up cooking gas plants in Uzbekistan, are expected to work out the details shortly.

Nickel price brings SS headaches

According to Meps, nickel's price surge has continued, creating fresh headaches for participants in the stainless steel market. In London Metal Exchange trading in the last week of April, nickel prices reached a peak of USD 20,000 per tonne.

Canada: crude-oil terminal

Enbridge Inc. has announced that it will build a USD 250 million crude-oil terminal at Hardisty, Alberta.

Arcelor’s worth at EUR 33.7 to 40.7 billion

In an interview published in Le Figaro, Arcelor CEO Mr Guy Dolle said that Arcelor is worth five to six times expected EBITDA at EUR 33.7 billion to 40.7 billion and that is much more than the EUR 20.5 billion bid by Mittal Steel.

Model 802 DeepWater

The Model 802 DeepWater, from Inertial Aerosystems, is a precision voltage-output tiltmeter designed for underwater measurements and other applications under high pressure.

Saudi Arabia: sulphuric acid production complex

Outokumpu Technology will design and deliver a sulphuric acid plant complex at Ras Az Zawr, Saudi Arabia.

Chinese SS groups cooperate

In the latest move to restructure China's iron and steel industry, two of China's leading stainless steel companies Shanghai Baosteel Group Corp. and the Taiyuan Iron & Steel Co. Ltd have signed an agreement on strategic cooperation vowing to enhance their respective technological innovation capabilities and improve enterprise management.

Arcelor will reconsider Mittal offer

Arcelor chairman Mr Joseph Kinsch said the group is ready to reconsider any takeover offer from Mittal Steel made entirely in cash, instead of the current cash and share bid.