Industry Update
ESAB launches “ Demobus ”
N ’ GENIUS represents a wide selection of new highperformance materials said to be superior than conventional austenitic stainless steels and a cost-effective alternative to more expensive nickel alloys and high-alloy stainless steels .
SSMW acquires Allied Alloys LP
ESAB ’ s “ Demobus ” will visit more than 100 cities in over 20 European countries in 2024 . The tour will make stops in Lithuania , Germany , France , Benelux , Italy , UK , Ireland , Greece , Turkey , southeast Europe and conclude with a visit to Nordic countries in November . The full schedule is posted on ESAB ’ s website . The Demobus offers visitors the opportunity to try the company ’ s latest welding and cutting equipment ( including the ESAB Ultimate Line-Up , Warrior ® Edge systems and battery-powered Renegade VOLT™ ). Visitors can take advantage of exclusive on-site special offers and connect with ESAB process and filler metal experts for technical advice , as well as enter to win a custom-painted Sentinel™ A60 automatic welding helmet .
PPS becomes N ’ GENIUS distributor
Stainless Steel Midwest ( SSMW ) has acquired Houston-based Allied Alloys LP . Founded in 2006 , Allied Alloys produces approximately 10,000 metric tons ( 11,023 tons ) of recycled metals per month . The company purchases scrap from North and South America and sells to more than 20 countries across Europe , Asia and Latin America .
ArcelorMittal acquires stake in Vallourec
Project Pipeline Supply ( PPS ) has reached an agreement to sell and distribute pipeline and piping packages with products made from the N ’ GENIUS Series of high strength austenitic stainless steels . PPS provide pipes , fittings , flanges , components and specialist equipment to the offshore oil and gas , process , renewables and defence industries . This unique agreement will allow PPS to offer customers total packages of products made using the N ’ GENIUS Series .
ArcelorMittal has signed a Share Purchase Agreement to acquire 65,243,206 shares , representing c . 28.4 % equity interest in Vallourec , for EUR 14.64 per share from Funds managed by Apollo Global Management , Inc ., for a total consideration of approximately EUR 955M . Vallourec presents a compelling opportunity to increase ArcelorMittal ’ s exposure to the attractive , downstream , value-added tubular market . It offers innovative , safe and competitive products for sectors including energy , automotive and construction . 85 % of Vallourec ’ s 2.2 million tonnes of annual rolling capacity is focused around low-carbon , integrated productions hubs in US and Brazil , both of which are important strategic markets for ArcelorMittal .
46 Stainless Steel World May 2024 www . stainless-steel-world . net