Swedish engineering company Sandvik AB stated on Tuesday that it plans to consolidate its business portfolio by divesting its 50% stake in Fagersta Stainless wire rod mill
for a purchase price of SEK184m.
for USD 600 million, wire rod mill
and two downstream facilities also in U.S.
The recent price hike of rod does not for syndicate, rather it is an impact of raw materials price hike in the global markets, claimed leaders of different rod mill
Ducab and Senaat have set up the Ducab Aluminium Company, a 50,000tpa aluminium rod mill
which will be completed by the end of 2017.
The company's carbon steel wire rod, which is produced by a high-speed (110m/sec) wire rod mill
, corresponds to HS trade code 7213 and all sub-headings.
The company plans to upgrade the continuous wire rod mill
as well as to establish a pealing and heat treatment facility, among others.
Wire rods from the new Wire Rod Mill
at ISP are already in the market.
Under the new joint venture, the two companies will build a 50,00 tpa (tons per annum) aluminium rod mill
in the Khalifa Industrial Zone of Abu Dhabi (Kizad) at an estimated cost of Dh220 million.
The wire rod mill
will reach speeds of up to 105 m per second.
WORCESTER - Siemens VAI Metal Technologies has won a contract to make a new wire rod mill
for Weiyuan Iron & Steel Co.