Stainless Steel World 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.

Primetals Technologies to execute decarbonization study

In August 2023, Primetals Technologies received an order from CSC for a decarbonization study, with a focus on reducing carbon emissions at the Kaohsiung site in Taiwan. The site has an annual crude steel production of around 10 million tons, making it the largest plant in Taiwan.

HD Hyundai to build a platform for largest CCS project

HD Hyundai Heavy Industries has signed a preliminary basic design contract with sister company Hyundai Engineering & Construction for a carbon dioxide platform intended for the carbon capture and storage (CCS) project envisaged at Korea National Oil Corporation’s (KNOC) depleted Donghae gas field offshore South Korea.

Yokogawa completes installation of FuzEvent

Yokogawa Electric Corporation announces that Yokogawa Poland has completed installation of the FuzEvent™ combustion control solution at a waste-to-energy (WtE) plant operated by 【......】

VFT Industry UG plans USD 1.6bn investment in Vietnam

German firm VFT Industry UG plans to invest EUR 1.5bn (USD 1.6bn) in building a stainless steel factory in the central province of Ha Tinh.

Jindal with IIT Bombay to set up Chair Professorship

IIT Bombay has signed an agreement with Jindal Stainless to establish a Chair Professorship at the Institute.

Outokumpu signs a LOI with Greenland Resources

Outokumpu has signed a letter of intent with Greenland Resources Inc. Outokumpu looks to support Greenland Resources, as it has completed a definitive feasibility study and is currently negotiating capex funding to build the mine.

ZKIN announces receipt of Nasdaq delisting notification

ZK International Group Co., Ltd. (ZKIN) has announced that on October 10, 2023, the Company received notice from the Listing Qualifications Department of The Nasdaq Stock Market (Nasdaq) that ...

OceanPal invests in RFSea Infrastructure II AS

Nasdaq-listed ship owner OceanPal Inc. is investing in a Norwegian entity, RFSea Infrastructure II AS, that will construct two methanol-ready, stainless steel chemical tankers.

Union Steel Ministry frames new stainless steel policy

The Union steel ministry has started industry consultations to frame India’s first stainless steel policy. The policy will aim to raise domestic capacity by nearly fivefold by 2047, from the current 6.6 million tonnes (mt) to 30 mt.

thyssenkrupp Uhde secures a contract from BASF

thyssenkrupp Uhde Thailand has been awarded a contract by BASF for engineering services and proprietary equipment supply for its new non-ionic surfactant (NIS) plant at its Zhanjiang Verbund Site Project, Guangdong Province, China.