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.

Conares signs a partnership with C&D

Conares has officially announced a partnership with C&D. This groundbreaking collaboration will empower the Chinese corporation to distribute high-quality steel from China in the GCC region.

Posco Holdings’ Q2 net profit fell 57%

Posco Holdings' second-quarter net profit fell 57% from a year earlier but remained on track for recovery after a profit turnaround in the previous quarter.

Two blast furnaces to be commissioned in Southeast Asia

After Dexin Steel Indonesia launches the third blast furnace at Morowali Industrial Park, Central Sulawesi province, the annual production capacity of crude steel will be raised by 2 million tons to 6 million tons from next month.

Hyundai E&C beats Q2 profit estimates on foreign deals

Hyundai Engineering & Construction Co. reported better-than-expected profit in Q2 thanks to major deals at home and abroad.

HUDI and Songyang Group sign agreement

Huadi International Group Co., Ltd. (HUDI), a developer and manufacturer of industrial stainless steel seamless pipes and tubes products in China has announced that Huadi (Songyang) Co., Ltd. (Huadi Songyang), a wholly-owned subsidiary of the Company, has entered into an investment agreement [......]

Sinopec’s hydrogen project commences operation

China Petroleum & Chemical Corporation (Sinopec) has announced that the Green Hydrogen Pilot Project (Project) constructed by the company in Kuqa City of Aksu Prefecture, Xinjiang Uygur Autonomous Region, has commenced operation. [......]

POSCO plans USD 93bn of investment by 2030

South Korean steelmaking and materials conglomerate POSCO Group, headed by POSCO Holdings, said on recently it plans to invest 121 trillion won (USD 93bn) by 2030 for 【......】

Harita Nickel planning to build a stainless steel plant

PT Trimegah Bangun Persada Tbk (NCKL), known as Harita Nickel, is planning to build a stainless steel plant. The project is still under discussion with potential investors.

New stainless steel precision strip project

Hebei Boyuan Technology Co., Ltd. applied to the Hebei government to build new lines of 15,000 tons of annual capacity of stainless steel precision strips. 【......】

Excellent performance figure from new SS plant in China

Recently, a joint venture of Chinese steel producers Taiyuan Iron and Steel Group Co. (TISCO) and Shandong Xinhai Industry granted the final acceptance certificate (FAC) to Primetals Technologies for an extensive combination of meltshop and casting equipment at a stainless steel plant in Linyi, Shandong province, China.