[ Industry Update ]
[ Industry Update ]
Fives signs contract with Husteel
Fives has signed a contract with Husteel to design and supply a complete solution to manufacture oil country tubular goods for its new plant in the USA . Husteel is investing USD 122M into a greenfield plant in Splendora , Texas . Fives will provide engineering , manufacturing and supply of the complete solution to produce tube and pipe with a diameter of 60 to 114 mm and a wall thickness of up to 10mm for the oil and gas industry .
AMPP agreement with AWWA
The Association for Materials Protection and Performance ( AMPP ) and the American Water Works Association ( AWWA ) announced an agreement to collaborate to benefit their members and the wider public . The cooperative agreement will “ help to promulgate knowledge and technologies that protect people , assets and the environment from the effects of corrosion ,” stated David LaFrance , CEO of AWWA ( pictured ). It opens the door for cooperation on events and webinars , technical information exchange and research , and the possibility of collaboration in countries outside of the United States and Canada , particularly India .
Outokumpu completes divestment
Global moly production and usage Q1
Figures released for Q1 2023 show that global production of molybdenum fell by 3 % to 146.8 million pounds ( mlbs ) and global usage of molybdenum fell by 8 % to 144mlbs . China remained the largest producer of molybdenum at 67.2mlbs - a 3 % rise when compared to the previous quarter . South America remained the second largest producer at 41.2mlbs – a 7 % fall when compared to the previous quarter . Production in North America fell to 27mlbs – an 11 % fall when compared to the previous quarter . Production in Other regions saw a 3 % fall to 11.4mlbs when compared to the previous quarter . China remained the largest user of molybdenum at 56.1mlbs but saw the largest fall , 19 %, when compared to the previous quarter . Europe remained the second largest user at 33.2mlbs – a 5 % rise when compared to the previous . Use in Other regions fell 5 % to 21.1mlbs when compared to the previous quarter . The USA saw a 1 % rise in usage to 15.7mlbs . Japan also saw a rise in usage , 2 %, to 12.9mlbs when compared to the previous quarter .
Outokumpu has completed the divestment of the Long Products business in Degerfors and Storfors to Cogne Acciai Speciali , and has therefore exited the long products business . The company now focuses fully on its core business , stainless steel flat products and ferrochrome . Outokumpu ’ s plate operations in Degerfors are not affected by the divestment . The enterprise value of the transaction is EUR 12M and has a positive cash impact for Outokumpu .
www . stainless-steel-world . net Stainless Steel World September 2023 73