Steel Markets
Primetals secures long-term maintenance deals in the Americas
Written by David Schollaert
October 29, 2024
Primetals Technologies renewed two long-term maintenance service contracts with steel producers in the Americas.
The London-based metals service provider said the maintenance services contracts in Mexico and Brazil cover several continuous casters, including maintenance work for oscillators, molds, benders, segments, and runout rollers.
Primetals plans several investments at workshops in Santa Cruz, Brazil, and Apodaca, Nuevo Leon, Mexico, to support 10-year and five-year service agreements, respectively.
“As a long-standing partner, I am pleased to announce our customer’s decision to renew our contracts in Brazil and Mexico,” Eberhard Karnitsch-Einberger, Primetals Technologies head of metallurgical services, said in a statement on Monday. “Our commitment to excellence and continuous investment in improving our services have significantly contributed to our operational success, enabling our partner to cast higher-quality steel.”
Terms of the agreements were not disclosed.
Primetals Technologies is a worldwide engineering, plant-building, and life-cycle services partner for the metals industry. It offers a complete technology, product, and service portfolio that includes integrated electronics, automation, and environmental solutions. The company is a joint venture of Mitsubishi Heavy Industries (MHI) and Siemens.
David Schollaert
Read more from David SchollaertLatest in Steel Markets
Steady architecture billings signal improving conditions
The November ABI decreased month over month but was still the third-highest reading of the past two years.
Fitch warns more tariffs will pressure global commodity markets
“New commodity-specific tariffs, mainly on steel and aluminum products, could widen price differentials and divert trade flows,” the credit agency forewarned.
Slowing data center, warehouse planning drives decline in Dodge index
The Dodge Momentum Index (DMI) slid further in November as planning for data centers and warehouses continued to decline.
Latin America’s steel industry grapples with declining demand, rising imports
With climbing imports and falling consumption, the Latin American steel industry has had a challenging 2024, according to an Alacero report.
CRU: Trump tariffs could stimulate steel demand
Now that the dust has settled from the US election, as have the immediate reactions in the equity, bond, and commodity markets, this is a prime opportunity to look at how a second Trump presidency might affect the US steel market.