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2019 - 06 - 21
After successfully completing the commissioning of its new horizontal straightening machine, Hyundai Steel has awarded SMS group a follow-up order for the revamp of its Incheon heavy section mill in South Korea.With this revamp Hyundai Steel aims to expand its product range towards larger sections with webs of up to 1,100 millimeters and sheet piles up to a system height of 800 millimeters. SMS group takes up this challenge as the leader of a consortium with Hyundai Rotem, a subsidiary of Hyundai Motor Group.As part of the project, various new functions will be added to the existing two-high b...
2019 - 06 - 18
Fujian Luoyuan Minguang Iron and Steel Co., Ltd., located in Luoyuan County, member of the Sangang Group, PR China, has awarded SMS group GmbH the order to supply a new section mill for parallel flange beams up to 750 millimeters web height. The new section mill will enable Fujian Luoyuan Minguang Iron and Steel to broaden their product portfolio and to respond to the high demand for beams in the region and in the People’s Republic of China.
2019 - 06 - 11
SAIL (Steel Authority of India Limited) Durgapur, India, has awarded SMS group a turnkey contract for the supply of three new 110-ton converters for its steelmaking plant No. 2 to replace the converters SMS group supplied 25 years ago. The new converters will be rated for ten percent more volume.
2019 - 06 - 11
SAIL (Steel Authority of India Limited) Durgapur, India, has awarded SMS group a turnkey contract for the supply of three new 110-ton converters for its steelmaking plant No. 2 to replace the converters SMS group supplied 25 years ago. The new converters will be rated for ten percent more volume.
2019 - 05 - 28
MEPS forecasts that Nordic average flat product prices will decline, in the short term. A number of factors are likely to exert downward pressure on transaction values. Demand from the automotive industry, a key steel-consuming sector, remains weak, as a result of new vehicle emissions testing procedures and softening consumer confidence. Steel purchasing volumes are reasonable in the Nordic countries. However, economic and political uncertainty across Europe is having a negative impact on sentiment in local markets. Furthermore, price weakness in other Western European nations is adversely af...
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