From the editor’s desk:

Steel industry news from around the world

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Schmolz + Bickenbach group not to be affected by the U.S sanctions against Russian targets

Schmolz + Bickenbach, a global leader in special long steel, expects not to be materially affected by the sanctions imposed by the US government on its shareholder Viktor F. Vekselberg and his Renova Holding.  Viktor F. Vekselberg holds substantially…
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JSW Steel to invest US$ 500 million for the expansion of the steel milll in Baytown, Texas/USA

Texas Governor Greg Abbott signed a Memorandum of Cooperation with JSW Steel to develop and augment the steel industry in Texas. JSW Steel (USA) Inc. has agreed to consider an investment of US$500 million in phases in developing its steel manufacturing…
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Tata Steel Processing & Distribution wins the SPC 2018 award thanks to FIMI cut-to-lenght line

At the beginning of March, Tata Steel Processing & Distribution Ltd. was awarded among all the Tata production centers with the Steel Product Center (SPC) Award 2018 for the "Best Quality in Sheet Product". The outstanding product quality…
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German steel maker Saarstahl with very positive figures for the business year 2017

Saarstahl group concluded a very successful financial year 2017. The wire rod and bar segment reached very good utilization of the facilities and high sales levels. Group turnover increased by 20.3% and amounted to 2.440 billion euros due to…
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MMK-Metiz modernizes bright steel manufacturing facility

Russian bright steel manufacturer MMK-METIZ (a company of MMK group) has awarded EJP the order for the supply of two drawing lines to be installed at the Magnitogorsk works. The company ordered a combined drawing line for bright steel with diameters…
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Nippon Steel & Sumitomo Metal Co. to acquire Ovako group from Triton

Nippon Steel & Sumitomo Metal Corporation (NSSMC), one of the world's largest steel producers, has signed an agreement with funds advised by Triton to acquire 100 percent of Nordic steel company Ovako Group. The acquisition is subject to…
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Nucor orders plant equipement from SMS group for the merchant bar operations expansion

US steelmaker Nucor has chosen SMS group as the primary technology supplier for its new 500,000 tons per year merchant bar mill. The new facility will be installed at its existing bar mill located in Bourbonnais, Illinois, with production scheduled…
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Nucor to invest USD 240 million to build a rebar mill in Florida

Nucor Corporation will build a rebar micro mill in Frostproof, Florida, which is located in Polk County. This is a US$240 million investment and is the second rebar micro mill Nucor is constructing. In November 2017, Nucor announced a rebar…
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Ovako publishes financial figures for 2017 and presents updated strategy with new financial targets

In 2017, nordic steel company Ovako Group achieved  revenues of  EUR 921 million. The company had 3,040 employees at year-end. Ovako´s sustainability report has been integrated to the Annual Report published today. “We ended 2017 in a…
Digital twin on the tablet computer

SMS group starts R&D project on dynamic planning and optimization processes for steel mills

As part of its digitalization offensive, SMS group has kicked off a research and development project on intelligent production planning in cooperation with Jacobs University of Bremen, Germany. The project will cover aspects such as dynamic…
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ArcelorMittal and NSSMC again join forces: JV to acquire bankrupt Indian Essar Steel

ArcelorMittal has signed a joint venture formation agreement with Nippon Steel & Sumitomo Metal Corporation (NSSMC) in relation to its offer to acquire Essar Steel India Limited (Essar Steel), which is currently undergoing resolution proceedings…
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ArcelorMittal to upgrade flat steel service centre in Neuwied, Germany

ArcelorMittal Germany is investing around 16.5 million euros for the expansion of the Neuwied site. The service centre processes 30-t coils produced at the group's steel mills in Bremen (Germany), Eisenhüttenstadt (Germany) and Ghent (Belgium),…