Essar Awaits Final Approval to Build USD 4.5 Billion Steel Plant in Saudi Arabia
The USD 4.5 billion project involves the construction of a low-carbon steel plant having 4 million tonnes per year capacity, along with port facilities at Ras Al-Khair in Saudi Arabia. Jun 27, 2024 The Essar Group is awaiting certain approvals from the Saudi Government to start construction of a low-carbon steel plant in the oil-rich […]
Vedanta Expects Divestment of Steel Assets by October
Vedanta Limited expects to monetize its steel and steel raw materials business in the first half of the current financial year, amid a focus on deleveraging and shoring up the cash flow of the company. Jun 30, 2024 Vedanta Limited expects to monetize its steel and steel raw materials business in the first half of […]
In Expansion Drive, Tosyali Holding to Invest USD 1.5-2 billion
Tosyali Holding aims to become one of the world’s top 30 iron and steel producers. The Turkish steel giant is planning to invest USD 1.5-2 billion a year in Africa and Saudi Arabia, as well as potential acquisitions and partnerships in Europe and the USA. Jun 17, 2024 Turkish steel giant Tosyali Holding is planning […]
A-One Steel Group to Set Up Hot Dip GI Pipe Project in FY25
Leading manufacturer of all kinds of steel products in South India, A-One Steel Group, having an approximate capacity of 1.5 million MTPA, coming up with a new hot dip GI pipe project in FY 2024-25, while also looking forward to upgrading ERW steel pipe range to 8 inch size. This was revealed by Mr. Jullian […]
BST Infratech Targets to Expand Dealers & Distributors’ Network by 10X by the End of 2025
BST Infratech Limited, a leading ERW pipes & GI pipes manufacturer, strives hard for its motto “top class, non-compromised service, high quality pipes and that too at the best rate.” They have plans to expand their production, add new machineries, enhance current dealers and distributors network by 10x by 2025 and wish to cement their […]
Technofour: Raising the Bar with Highly Efficient and Long-Lasting Products Incorporating Eddy Current Technology
Technofour, established in 1972 with a single-frequency metal sorter, has come a long way, serving a wide gamut of industries, including steel, automotive, defence, tubes, petrochemical, oil power generation, etc. Recently, the company launched its advanced conductivity meter, ‘Sigmet’. They plan to introduce an automated UT system and magnetic flux leakage systems in future. This […]
KOCKS to Unveil 4D EAGLE S at Tube Dusseldorf 2024
KOCKS believes in engineering as a way of making things even better. Ingenuity and astute thinking ahead – beyond what already exists – is a strong part of our future-oriented KOCKS spirit. With 75 years of experience, KOCKS is a reliable SBQ specialist with a 100 percent focus on 3-roll technology. Theme of Participation & […]
Government Issues Pilot Project Guidelines for Utilizing Green Hydrogen in Steel Sector
The INR 455 crore scheme aims at gradual substitution of fossil fuels with green hydrogen, encourages use of hydrogen in direct reduced ironmaking and blast furnace. Mar 28, 2024 The Government of India has come up with guidelines for undertaking pilot projects using green hydrogen in the steel sector. The guidelines, named ‘Scheme Guidelines for […]
World’s First Off-Grid Green Hydrogen Plant For Stainless Steel Sector Inaugurated at Jindal Stainless Hisar, India
Located at Jindal Stainless Limited in Hisar, Haryana, the state-of-the-art facility is also the world’s first green hydrogen plant with rooftop & floating solar, having capacity to reduce around 2,700 MTPA carbon emissions. Mar 28, 2024 Union Minister for Steel and Civil Aviation, Mr. Jyotiraditya M. Scindia, recently inaugurated India’s first green hydrogen plant in […]
Coil Processing Solutions Provider FIMIGroup Acquires FRANCI Srl for EUR 7.5 Million
FIMIGroup acquired 60 workplaces and an industrial site measuring more than 10,000 sq m of FRANCI Srl for EUR 7.5 million. Mar 15, 2024 Leading global coil processing solutions provider FIMIGroup has announced the acquisition of FRANCI Srl, an Italian company founded in 1955, leader in the field of design and construction of dies and […]
