Steel Times International News
-
voestalpine acquires majority stake in ITALFIL SpA
voestalpine Böhler Welding has acquired a majority stake in the premium welding wire manufacturer ITALFIL S.p.A. The Italian company employs 110 people and has achieved an annual turnover of EUR 43 million in the past business year. voestalpine says the acquisition expands its product portfolio, particularly in the semi and fully automated high-quality welding technology sector.
09 May 2024 -
John Cockerill Metals extends its product portfolio
John Cockerill Metals has created three new distinct business segments, with which the company aims to ‘address todays and tomorrow’s challenges…and support the steel value chain’s decarbonization efforts'.
06 May 2024 -
March imports up in the USA, says AISI
The United States of America imported a total of 2.5Mt (net tons) of steel in March 2024, including 2Mt (net tons) of finished steel (up 1.6% and 14.7%, respectively, versus. February 2024). These figures are based upon on preliminary Census Bureau data and have been reported by the American Iron and Steel Institute (AISI).
02 May 2024 -
SSAB and Nordec agree on fossil-free steel deliveries
Swedish steelmaker SSAB and Nordec, supplier of steel frame structures and façade solutions for construction projects, have agreed on deliveries of fossil-free steel, which the latter will use for frame structures as part of buildings, façades, and bridges.
02 May 2024 -
Lhyfe and Ugitech sign green hydrogen MOU
Lhyfe, a producer of green and renewable hydrogen, and Ugitech, a subsidiary of Swiss Steel Group, the long stainless-steel maker, have signed a memorandum of understanding for the creation of a green hydrogen production unit at Ugitech’s Ugine site (Savoie, France), to decarbonize the steelmaker’s industrial operations.
02 May 2024 -
Euro steel outlook is losing momentum, says EUROFER
The outlook for the European steel market in 2024 continues to lose momentum amidst persisting challenging conditions, according to the European Steel Association(EUROFER).
02 May 2024