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.
Stainless Steel 3-way butterfly valves
Valtorc International presents the first ever 316 stainless steel 3-way butterfly valve assembly. Proudly fabricated in its USA facility.
Sandvik acquires Thermaltek
Sandvik acquires privately-owned Thermaltek Inc., a manufacturer of high-temperature furnace systems and metallic heating elements headquartered in North Carolina, USA.
Vallourec named as Great Place to Work in the USA
Vallourec North America has been certified in the United States as a great workplace by the independent analysts at Great Place to Work®.
Clough USA wins petrochemical EPC project in USA
Clough USA announced that it has secured a Limited Notice to Proceed (LNTP) for a confidential Petrochemical EPC project in the US market.
Molybdenum production remains static in Q1 2019
Recently, the International Molybdenum Association (IMOA) show that global production of molybdenum remained static in the Q1 of 2019 when compared to the same quarter last year, while global usage fell by 7%.
Alexander von Humboldt Foundation awards Dr. Ashton
US-American researcher joins the Max-Planck-Institut für Eisenforschung in Düsseldorf. Dr. Michael Ashton, postdoctoral researcher from the United States, who joined the Max-Planck-Institut für Eisenforschung (MPIE) in 2018, was awarded a research scholarship by the Alexander von Humboldt Foundation.