ThyssenKrupp breakup plans do not subject to Tata Steel deal
1 March 2019
ThyssenKrupp said that its breakup plan is not subject to Tata Steel deal
(Europe): ThyssenKrupp said that it would continue its breakup plan even if the EU does not approve the ThyssenKrupp-Tata merger. The company said there is no problem in the feasibility of breakup plans. The EU will announce its decision regarding the approval of the Tata steel deal by 29 April.
India’s NINL plans to build new facilities
(Asia Pacific): The Neelachal Ispat Nigam Ltd. (NINL) invited bids to construct a coke oven with 0.88 million tonnes annual capacity, a 62.5 MW power plant and a TMT and wire rod mill.
Nucor to start construction of a new micro mill in April
(North America): Nucor Corp. expects to start construction of its new micro mill near Frostproof, US. The production at the plant will start in 2020 and the plant will hire 250 workers initially.
Reliance’s sale increased by 18.7% in 2018
(North America): Reliance Steel & Aluminum Co., a Los Angeles based steel and aluminium distributor, announced that the 2018 sales reached $11.5 billion, with an increase of 18.7% year-on-year. The company earned a profit of $633.7 million in 2018 increased from $613.4 million in 2017.
Unicorn Group acquires PF Copeland and PFC Rainwater Systems
(Europe): Ireland’s Unicorn Group has acquired PF Copeland and PFC Rainwater Systems. PF Copeland is a specialist in stainless and mild steel manufacturing. PFC Rainwater Systems manufactures rainwater products for the construction industry. Both companies operate from the same facility in Mallusk.
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