14:49, 09 October 2019

Severstal Invests in Arcanum Alloys in US

Severstal is a leading Russian steel producer, a Metal-Expo regular exhibitor announced that it has been a leading investor in the last round of financing Arcanum Alloys Inc, an American company, engaged in the development and production of innovative materials based on steel. Severstal acted as a lead investor with investments of about USD 6 million. Among other investors, a major American venture capital firm, Khosla Ventures.

Arcanum Alloys Inc has developed a unique technology for the production of rolled products with a diffusion-modified surface layer. Thanks to this technology, the company can produce a wide range of products with improved properties. Their first product offers aesthetic and corrosion properties equivalent to stainless steel, but with excellent formability and lower cost and capital costs. Products with such qualities may be of interest to customers in the automotive industry, the construction industry and manufacturers of household appliances.

Severstal welcomes all steel industry professionals to visit its stand at Metal-Expo'2019, the 25th Jubilee International Exhibition, November 12-15, Hall 75, VDNHa, Moscow, Russia. Stand N 1B10.

The total of more than 550 companies from 34 world countries will attend Metal-Expo’2019, while more than 30k steel industry professionals from all over the world are expected to visit the event.    

New on the topic

Electronic registration now open for the June Castings and Metal Structures Exhibition complex

The electronic registration for the specialised exhibitions Metallurgy.Russia'2024 and Litmash.Russia'2024, as well as the forum for manufacturers of metal structure...

22 March, 16:13

Stainless steel consumption in Russia increased by 27%.

The association 'Spetsstal' has reported that the visible consumption of the main types of stainless steel products in Russia increased by 27.3% to 661.9 thousand tonnes in 2023, compared to 2022. This represents an ...

20 March, 13:33

Mechel PAO (MOEX: MTLR), has summarised its production and sales results for 2023.

Mechel PAO (MOEX: MTLR), a prominent Russian mining and metals company, has released its operating results for Q4 and 12M 2023. Oleg Korzhov, Chief Executive Officer, stated that the averag...

28 February, 12:48

Stocks of non-ferrous metals from Russian Federation on the LME increased 2.5 times

In 2023, the stocks of non-ferrous metals from the Russian Federation on the London Metal Exchange (LME) increased significantly. It is worth noting that traders primarily engage in tradin...

02 February, 15:56
Subscription to newsletter