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
Cliffs touts steel stamping solution to replace aluminum in automotive
Cliffs said it successfully completed a defect-free trial production of exposed steel parts using aluminum-forming equipment in collaboration with an unnamed OEM,
Hot-rolled market anticipates no change despite mill mark-ups
Domestic sheet market participants say recent spot price hikes from NLMK USA and Nucor will do little to shake-up stagnant market conditions. Price increases in the current market On Friday Oct. 24, NLMK customers learned that the producer’s hot- and cold-rolled prices increased $50 per short ton (st) and its coated products were $100/st higher. […]
Market sources say regional activity is dictating plate demand
Demand for plate on the spot market remains soft by comparison to years past. However, this week regional demand variations grew more pronounced.
AISI: Raw steel production bounces back
Domestic mill production rebounded last week, according to the latest production figures released by the American Iron and Steel Institute (AISI). Production had been historically strong over the summer months before softening in early October.
US sets Section 232 tariffs on trucks and buses
Medium- and heavy-duty trucks (MHDV) and buses imported to the US will start being charged Section 232 tariffs beginning Nov. 1.