Salzgitter Group expands European trading network

Salzgitter/Düsseldorf/Oosterhout  – Salzgitter Mannesmann Staalhandel B.V., a Group company of Salzgitter AG, took over heavy plate specialist trading company Statendam Steel Plates B.V. effective December 31, 2019. Both companies operate out of Oosterhout/Netherlands.

17 Jan 2020

Sandvik completes the acquisition of Summerill Tube Corporation

Stockholm - Summerill Tube Corporation is headquartered in Pennsylvania, USA, and generated revenues of about 100 million SEK with 45 employees in 2018.

15 Jan 2020

Challenges and opportunities in the materials sector

Frankenthal - The 7th symposium of the Jean Mermoz High School in Saint-Louis on “Materials and innovation” took place recently.

15 Jan 2020

EU, U.S. and Japan agreement

Brussels – In a Joint Statement issued today, representatives of the European Union, the United States and Japan announced their agreement to strengthen existing rules on industrial subsidies and condemned forced technology transfers practices.

15 Jan 2020

Schuler presses form parts for Volkswagen ID.3

Canton/ Klášterec – Many parts for Volkswagen’s new electric car ID.3 have their origins in Schuler presses. The supplier Snop produces A-pillars and sills on the hot stamping line at its location in Klášterec (Czech Republic) in the south of Zwickau (Germany), where the ID.3 rolls off the line.

15 Jan 2020

EMAG provides complete turnkey solutions from a single source

Salach/Germany – The production of comprehensive manufacturing solutions from a single source is the main requirement for many mechanical engineering production planners.

15 Jan 2020

Latin American trade advances amid falling imports and stable consumption

Sao Paulo, Brazil –  At a moment of low dynamism in the world economy (thanks to the slowdown in developed and developing countries) long-term regional factors and political transitions in several countries have contributed to a very challenging environment in Latin America.

15 Jan 2020

Digitalized know-how for Jindal Stainless AOD converter

London – Jindal Stainless Ltd. issued the final acceptance certificate for the new level-2-process automation on AOD converter #1 to Primetals Technologies in April 2019. The AOD converter was equipped with alevel-1-system and brought into operation by a third party in 2010.

14 Jan 2020

Trade policy with China must be reoriented

Frankfurt/Main – The perception of China as an important trading partner has changed in the mechanical engineering sector. Previously tolerated subsidy distortions and unequal market access are no longer acceptable.

14 Jan 2020

US imposes sanctions on Iranian steel and other metals

Washington - The Trump administration is imposing new sanctions following attacks on US and allied troops earlier this week.

10 Jan 2020

Cloudy November

Frankfurt/Main – In November 2019, incoming orders in the mechanical engineering sector in Germany fell by 15 percent in real terms compared with the previous year. While orders from domestic customers fell by 15 percent, foreign customers ordered 14 percent fewer machines.

10 Jan 2020

Commercial Metals Company Reports First Quarter Fiscal 2020 Results

Irving -  Net sales increased 8% year-over-year to $1.4 billion.

09 Jan 2020