- In February, Nippon Steel Corporation announced its plans to acquire U.S. Steel in a USD 14.9 billion deal, aiming to strengthen its competitiveness and production footprint in North America. This move is part of Nippon Steel’s strategy to secure advanced manufacturing capabilities and stable supply chains. Company Expands international presence, enhances operational scale, and drives future growth through cross-border consolidation.
- In May, Aperam announced the development of Europe’s first circular stainless steel product line, utilizing scrap-based inputs and closed-loop recycling methods across its manufacturing sites. The initiative supports EU environmental regulations and circular economy targets. Company Innovates in sustainable metallurgy, captures eco-conscious market share, and reduces production-related emissions.
- In March, Outokumpu entered into a long-term renewable energy agreement in Finland, securing low-carbon power for its stainless steel production processes. This move aligns with its 2030 climate targets and supports carbon footprint reduction. Company Advances sustainability goals, enhances green brand perception, and ensures long-term energy cost stability.
- In April, Nitech Stainless Inc launched a new product line of duplex and super duplex stainless steel pipes and tubes, targeting chemical, oil & gas, and desalination industries. The new line meets stringent corrosion resistance standards and boosts customization options. Company Broadens product portfolio, meets specialized industry demand, and reinforces brand as a high-performance alloy supplier.
- In January, Gibbs Wire & Steel Company LLC expanded its distribution capacity by opening a new service center in the Southeastern U.S., enabling faster delivery of precision slit coil and wire products to customers in the region. The facility enhances the company's logistics flexibility and service responsiveness.Company Improves customer service levels, supports regional growth, and optimizes supply chain efficiency.
