Tokyo Steel Manufacturing Slashes Product Prices by About 6.5 Percent for September
Tokyo Steel has maintained the same prices for its entire range of steel products, including the H-shaped beams, for the third consecutive month in August. Tokyo Steel Manufacturing Co., Ltd. is planning to reduce steel product prices by up to 6.5 percent from September onwards, as an aftermath of the ongoing weakened local market conditions […]
Salzgitter Places Large Order with Primetals Technologies for Electric Arc Furnace
The newly ordered Electric Arc Furnace Ultimate is designed to produce 1.9 million tonne per annum (TPA) of steel. The order is an important step in Salzgitter’s investment toward the long-term aim of green steel production. Germany-based steel producer Salzgitter AG has signed an agreement with the UK-based Primetals Technologies Ltd for an Electric Arc […]
TCR Engineering Spearheading 84 Gas Pipeline Testing Projects in the Country
The projects which are executed by TCR Engineering include the CGD and slurry gas pipeline projects of leading oil & gas, construction, infrastructure, and steel companies. Maharashtra-based TCR Engineering Services is executing 84 gas pipeline testing projects across the country – as per a leading news agency. The business activities of the company include the […]
Saudi Steel Pipe Secures USD 25 Million Contract with Tenaris Global
In March this year, Saudi Steel Pipe signed a deal with Tenaris Global Services for the supply of steel pipes for the oil & gas sector. Saudi Steel Pipe Company (SSPC), Saudi Arabia’s premier manufacturer of welded steel pipes, has concluded their contract with Uruguay-headquartered Tenaris Global Services. The deal was about supplying oil and […]
Tata Steel Announces Quarterly Results, Registers Net Profit of INR 7,714 crore in Q1 FY23
The total income of Tata Steel registered at INR 63,698.15 crore in Q1FY23 as compared to the total income of INR 53,627.66 crore in Q1FY22. Tata Steel Ltd., part of the diversified conglomerate Tata Group, has declared its consolidated financial performance for the first quarter that ended June 30, 2022, i.e. Q1FY23. The steel giant […]
Welspun’s East Pipes Wins INR 689 Crore Project for Steel Pipes in Saudi Arabia
Within the order, Welspun Corp’s associate firm East Pipes Integrated Company for Industry will manufacture and supply steel pipes to SWCC. The recent order follows the slew of other projects awarded by the SWCC of SAR497 million in March and SAR490 million in May this year. Welspun Corp Ltd has informed that its associate company, […]
APL Apollo Tubes Sales Surges by 13.3 Percent in Q1 of FY23
APL Apollo is commissioning the largest-ever plant in New Raipur, which is expected to deliver a significant contribution and improve the sales mix. APL Apollo Tubes Ltd. has announced its sales volume performance for the first quarter ending 30 June 2022, i.e. Q1 FY23. The leading manufacturer of structural steel products has attained a sales […]
US Cold Drawn Seamless Steel Pipes Market Report 2022 by Research and Markets
Increased offshore spending and new oilfield discoveries are expected to create significant growth opportunities for the players operating in the cold drawn seamless steel pipes market, as per the market research and analysis by Research and Markets. Research and Markets has released a new market research report, titled, “U.S. Cold Drawn Seamless Steel Pipes Market […]
Nomura Singapore Acquires Stake in Rama Steel Tubes
Rama Steel Tubes has a presence in over 16 nations, including its subsidiaries in UAE and Nigeria which has strengthened the company’s presence in global markets. Rama Steel Tubes Ltd. (RSTL), a leading steel tube manufacturer, has announced its financial results for the quarter and year ended 31 March 2022, i.e. Q4 of FY22. According […]
Tata Steel Introduces a Green Investment Plan for UK Steel Tube Plant
The investment by Tata Steel at the tube mill site will be put into setting up a new slitter, enabling the mill to process coils out of steel slabs that will be procured from the Port Talbot steelmaking site in South Wales. Tata Steel has launched a new green investment plan of 7 million pounds […]
