Steel Products
Resonac Takes Full Ownership of AMI Automation
Written by Laura Miller
August 16, 2023
Japan’s Resonac Corp. plans to take full control of Mexico’s AMI Automation.
In 2021, Resonac acquired a 50% interest in AMI. It announced this week it plans to acquire 100% of the outstanding shares in Monterrey, Mexico-based AMI.
AMI is a provider of automation solutions and power control systems to a wide array of industries. It provides software and services for the operation of electric-arc furnaces (EAFs) to the steel industry.
At the beginning of this year, Japan’s Showa Denko and Showa Denko Materials merged. Showa Denko became Resonac Holdings Corp. and Show Denko Materials became Resonac Corp. The integrated company aims to be a world-leading chemical and advanced functional materials company.
Resonac Graphite is a graphite electrode producer with six manufacturing facilities around the world.
“The acquisition of AMI will allow Resonac Graphite to contribute to our customers’ sustainable operations by providing an integrated set of innovative solutions that assist customers in achieving their best overall steelmaking performance,” a statement from Resonac said.
“We have already started working together to provide integrated digital solutions that enhance EAF operating efficiencies, promote safety, energy conservation, and reduce greenhouse-gas emissions while delivering greater value to customers,” it added.

Laura Miller
Read more from Laura MillerLatest in Steel Products

Northwest Pipe changes name to NWPX Infrastructure
Northwest Pipe changes name to NWPX Infrastructure.

Tariffs, ample domestic supply cause importers to shift or cancel HR import orders
Subdued demand is causing importers to cancel hot-rolled (HR) coil orders and renegotiate the terms of shipments currently enroute to the US, importers say. An executive for a large overseas mill said customers might find it difficult to justify making imports buys after US President Donald Trump doubled the 25% Section 232 tariff on imported steel […]

Drilling activity slows in the US, grows in Canada
Oil and gas drilling activity was mixed this week, according to Baker Hughes. US totals slipped for a sixth straight week, while Canada saw a slight bump in activity.

Commerce finds no Korean OCTG shipments below market value
US Department of Commerce (Commerce) review found no South Korean oil country tubular goods (OCTG) exporters or producers sold products below market value

Drilling activity slows further in US and Canada
Oil and gas drilling activity declined again this week in both the US and Canada, according to Baker Hughes.