Sandvik Materials Technology has signed an agreement with Anil Metals to become the official distributor of its stainless steel round bar products in India. The agreement will be integral to expanding Sandvik’s business and sales in India.
The Indian Stainless Steel Development Association (ISSDA) applauded the Indian government’s decision to impose anti-dumping duty on Hot Rolled (HR) flat products of stainless steel Grade 304 with all its variants.
Ambica Steels, India’s second largest manufacturer of stainless steel long products, is all set to install vacuum degassing (VOD/VD) furnace machines at its melting and refining facility with an investment of over EUR 700,000 in Sahibabad (Ghaziabad) India. C.P.
Metals deal activity is bouncing back strongly and momentum will remain upward in the year ahead, according to ‘Forging Ahead’, PwC’s annual review of M&A activity in the metals sector.
SMS group inaugurated its new manufacturing and service workshop at Bhubaneswar in Odisha, India. The new manufacturing and service workshop, built with an investment of approximately EUR 31M and covering an area of 21,000m2, is one of four locations operated by SMS India.
Remi – an Indian stainless steel tubes and pipes company – received approval from India’s major thermal and nuclear power companies for its seamless, welded and welded cold drawn (WCD) Heat Exchanger HP Heater U Bent tubes for use in places where the temperatures (390°C) and pressures (~600Kg/cm2) are super critical.