SSW Asia 2022

Company News

In this section you can find updates from suppliers, manufacturers, fabricators and stockists of stainless steel material. This company news section is updated regularly with the latest company news from within the global stainless steel world community. If you wish to include your newsrelease on our website Stainless Steel World Americas and email newsletter, please feel free to contact us.

RTI reports

US-based titanium producer RTI International Metals reported net income for 2008 of USD 56.2 million, down from USD 92.6 million in 2007 as the titanium market was affected by both Boeing 787 production delays and the significant deterioration in the global economy.

AKS stainless steel surcharge

US-based AK Steel Holding Corp. (AKS) has advised customers that it's rolling over a USD 165-a-short-ton surcharge on invoices for electrical stainless steel products delivered in March after having applied the same charge on products delivered in February.

Victory Nickel announces board changes

Victory Nickel Inc. has announced that Wayne Whymark has resigned from the Board of Directors. Mr Whymark joined the Board of Directors in October 2008 pursuant to the Support Agreement entered into by Victory Nickel and Independent Nickel Corp.

Stainless steel unit delayed

ThyssenKrupp will delay the start of stainless steel production at its USD 4.5 billion Alabama plant because of economic conditions, but the move is not expected to affect carbon steel operations, which represent the lion's share of the project.

Universal Stainless reports income

Universal Stainless & Alloy Products, Inc., a North American distributor of Stainless, Nickel, Aluminum, and Special Alloys, has reported that sales for the fourth quarter of 2008 rose 15% to USD 57.1 million compared with USD 49.6 million in the fourth quarter of 2007.

Vale halts nickel shipments

Vale do Rio Doce, the world’s second-largest nickel refiner, has halted concentrate shipments from Newfoundland and Labrador until an agreement can be reached with the Canadian province on a proposed processing plant.

Equipment for supply vessels

STX Europe has signed contracts for delivery of design and ship equipment to four platform supply vessels of STX Europe's own design PSV 09 CD.

Arab gas pipeline extension

Whilst visiting Syria, a Stroytransgaz delegation headed by the Chairman of the Management Board Mr Vyacheslav Makhonin signed a contract to construct an extension of the Arab Gas Pipeline.

USA: gasification facility for green refinery

Houston-based company Hunton Energy is proposing to build what it calls the world's first "green refinery" on the Texas Gulf Coast.

IST relocates

Netherlands-based Interservice Trading BV (IST) moved to new premises in April 2001.
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