The European Commission has today approved the acquisition of Inoxum by Outokumpu. The transaction makes Outokumpu the new global leader in stainless steel and high performance alloys. Outokumpu remains fully committed to the Inoxum transaction and targets to finalise it by the end of 2012.
There has been great advancements in the development of the high-strength steel and the need for additional enhancements continue to grow. Various industries have a need for structural components that are lighter and stronger, improve energy efficiencies, reduce emissions and pollution increase safety and cost less to produce, particularly in the automotive industry.
Hematite, the mineral form of iron oxide (or trivially, rust), is a promising anode material for photoelectro-chemical cells (PEC) because of its affordability, availability, high stability and good spectral match to the solar spectrum. Although it has the potential of a 15% solar-to-hydrogen energy conversion efficiency, its actual efficiency is lower than that of other metal oxides. This is due to hematite's electronic structure, which only allows for ultrashort electron-hole excited-state lifetimes.
Despite the economic slowdown, MEPS expects world steel production to reach 1550 million tonnes this year - a 1.9 percent increase on the 2011 outturn. Further gains are anticipated next year.
Outokumpu delivers some 170 tonnes of specialty stainless steel for the construction of new modern headquarters of Qatar Foundation in Education City on the outskirts of Doha, Qatar. Structural sections made out of duplex stainless steel provide needed support for the 57-metre tall cube-shaped building.
At a news conference with Louisiana Gov. Bobby Jindal, Benteler Steel/Tube today announced it will build a new hot rolling tube mill in Caddo, Louisiana, strengthening the company's position in the North American oil country tubular goods (OCTG) market.
A pedestrian and cycling bridge being built in Sölvesborg community in south-east part of Sweden owes its eye-catching appearance to three supporting 60-metre long bridge arches which are manufactured from 150 tons of Outokumpu duplex stainless steel.
Sweden: To meet increasingly stricter demands from the automotive industry, the popularity of Ultra High Strength Docol MZE steels from SSAB, which feature an electro galvanized coating, have increased rapidly. Now, the next generation of these steels, Docol 1400 MZE, is providing automotive manufactures with a way to take safety, innovation and cost-efficiency to a new level.
When a customer purchases a "heavy-duty" soldering iron, that individual should expect a tool with superior performance and durability. Unfortunately, there is a common industry trend of companies simply using the heavy-duty description on standard products in the hope of boosting sales through clever marketing.
Esmark, Inc. and its wholly owned steel services subsidiary, Esmark Steel Group, today announced that the company has closed into escrow on the transaction for RG Steel LLC’s Yorkville, Ohio cold-rolled finishing mill and RG Steel’s 50 percent interest in Ohio Coatings Company’s tin plate production facility.
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