Market News
Recent Developments
New product launches
- In June 2022, Bluescope Steel announced the launch of its W350 weathering steel in Australia. It provides very high strength and delivers significant advantages over conventional steel grades. BlueScope Steel is a leading global steel supplier and manufacturer for the building and construction industries, delivering high-quality steel products globally. The company is headquartered in Australia and has a significant presence in the global steel market, with over 15,000 employees across 16 countries. BlueScope's range of quality steel products is known for their durability, strength, and versatility across various industries and applications including roofing, building framing, and structural steel.
- In January 2021, ArcelorMittal launched new weathering steel grades for the construction industry that offers improved mechanical performance compared to existing structural long products. The new grades provide higher yield strength allowing for potential weight savings.
- ArcelorMittal is a leading global steel and mining company that specializes in the production of weathering steel. Weathering steel, also known as corten steel, is a self-protecting steel that develops a stable rust-like appearance when exposed to the weather. It has high tensile strength and is used in various applications, including bridges, shipping containers, seaports, and outdoor sculptures.
- In September 2020, Metal Sales Manufacturing Corporation introduced corten wall and roof panels to complement its existing portfolio. The panels provide an attractive, natural rust patina and eliminate the need for repetitive painting.
- Metal Sales Manufacturing Corporation is a company that specializes in the manufacturing of metal roofing, wall, and building systems. The company offers a range of steel products known for their durability, strength, and versatility across various industries and applications, including roofing, building framing, and structural steel. Metal Sales Manufacturing Corporation also provides a fast and easy way for customers to instantly provide their customers with a design/build, cold-formed steel building package, complete with cost estimate, construction contract, and blueprints ready for permit, through its IMPACT Building System.
Acquisition and partnerships
- In 2022, Arcelor Mittal acquired a Scotland recycling business, John Lawrie Metals to increase the use of scrap steel across its operations in Europe. John Lawrie Metals is a scrap metal re-processor, decommissioning specialist, and steel trading company based in the U.K.
- The company has over 80 years of experience in the industry and is one of the foremost scrap metal re-processors in the U.K. John Lawrie Metals handles around 200,000 tonnes of scrap metal annually and has scrap processing facilities in Aberdeen, Montrose, Evanton, and Liverpool.
- In December 2020, SSAB entered into a partnership agreement with NLMK Clabecq in Belgium to jointly supply weathering steels for infrastructure projects in the Benelux region. NLMK Clabecq is a subsidiary of NLMK Group, a leading steelmaker with a focus on high-quality steel products and services
- The company is located in Clabecq, Belgium, and specializes in the production of medium and heavy plates, with a particular emphasis on quenching and tempering (Q&T) technology. NLMK Clabecq serves various industries including construction, shipbuilding, and energy.
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