Steel Markets
Primetals secures long-term maintenance deals in the Americas
Written by David Schollaert
October 29, 2024
Primetals Technologies renewed two long-term maintenance service contracts with steel producers in the Americas.
The London-based metals service provider said the maintenance services contracts in Mexico and Brazil cover several continuous casters, including maintenance work for oscillators, molds, benders, segments, and runout rollers.
Primetals plans several investments at workshops in Santa Cruz, Brazil, and Apodaca, Nuevo Leon, Mexico, to support 10-year and five-year service agreements, respectively.
“As a long-standing partner, I am pleased to announce our customer’s decision to renew our contracts in Brazil and Mexico,” Eberhard Karnitsch-Einberger, Primetals Technologies head of metallurgical services, said in a statement on Monday. “Our commitment to excellence and continuous investment in improving our services have significantly contributed to our operational success, enabling our partner to cast higher-quality steel.”
Terms of the agreements were not disclosed.
Primetals Technologies is a worldwide engineering, plant-building, and life-cycle services partner for the metals industry. It offers a complete technology, product, and service portfolio that includes integrated electronics, automation, and environmental solutions. The company is a joint venture of Mitsubishi Heavy Industries (MHI) and Siemens.
David Schollaert
Read more from David SchollaertLatest in Steel Markets
ArcelorMittal plans wire-drawing closure in Hamilton, shifts production to Montreal
ArcelorMittal’s (AM) Hamilton location to be shuttered, wire production shifting to Montreal.
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 […]
CRU Insight: A 50% S232 tariff will raise US steel prices and shift trade flows
This CRU Insight examines how the increase in Section 232 tariffs on steel to challenging levels will lead to significatively higher prices for end consumers in the US market.
Steel market shakes tariffs off amid weak demand
Service centers and distributors contend that weak demand is to blame for the flattening of domestic steel spot prices, as reflected in Nucor Steel’s weekly Consumer Spot Price (CSP) notice. On Monday, the Charlotte, North Carolina-headquartered steel producer left prices unchanged from the previous week. Nucor has maintained prices of plate produced in Brandenburg since March 28.
SMU’s May at a glance
SMU’s Monthly Review provides a summary of our key steel market metrics for the previous month, with the latest data updated through May 30.