Tag: USA
Thai Tank Terminal and PTT Global Chemical sign agreement
Vopak will invest EUR 130 million to build a 160,000-cubic-meter tank in Map Ta Phut, Thailand, to import U.S. ethane. The project, expected to complete by 2029, aims to strengthen Thailand’s petrochemical feedstock security.
Stainless steel production 58.4 MMT in 2023
Stainless Steel production increased by 4.6% to a total of 58.4 million metric tons in 2023
LNG under pressure from high prices and demand
Several factors are driving up the price of natural gas and stimulating demand for LNG. The demand for LNG continues to grow.
ArcelorMittal USA sold to Cleveland-Cliffs
Under the terms of the sale, ArcelorMittal has received $505 million cash, 78 million shares of Cleveland-Cliffs common stock and non-voting preferred stock which is redeemable for approximately 58 million shares of Cleveland-Cliffs common stock or an equivalent amount in cash.
Stainless steel production decreases by 9.4% in 2020
The International Stainless Steel Forum (ISSF) has released figures for the first half-year of 2020 showing that stainless steel melt shop production decreased by 9.4% year-on-year to 23.7 million metric tons.
AFG secures agreement with Custom Alloy Corp.
AFG Holdings, Inc. announced that its AFG Aero & Industrial business has reached an agreement with Custom Alloy Corporation to exclusively manufacture and market their commodity based-product in the USA.