Materials/Manufacturing

Electrical Steel Maker voestalpine Reports Big Hit from Pandemic but Signs of Recovery as Lockdowns Ease

A massive meltdown in demand for its steel and metal products in almost all countries and sectors due to Covid-19 is reported by voestalpine Group for the three months ending June 30. A key provider of electrical […]

Materials/Manufacturing

Neo Performance Materials Reports 23% Decline in Magnequench Business Due to Pandemic; SAMAG Acquisition Doing Well, says New CEO

Victimized by the global pandemic, business dropped 23% in the first six months of this year for the Neo Magnequench business unit of Neo Performance Materials, widely considered a bellwether of the magnetic materials industry. Revenues for Magnequench dropped to $68.8 million from $89 […]

Materials/Manufacturing

Backed by ArcelorMittal and Nippon Steel, AM/NS Is New Face for Electrical Steel Production in India

Backed by the deep pockets and persistence of ArcelorMittal and Nippon Steel, AM/NS is emerging as the new face of Essar Steel in India, a large but insolvent manufacturer of electrical and other steel products that the two partners […]