NEWS
The amount of the deal is approximately €400 million
German steelmaker Thyssenkrupp Steel has announced that it has sold its Indian subsidiary, Thyssenkrupp Electrical Steel India. The deal is worth approximately €400 million and is expected to close within the next few months.
The buyer (Jsquare Electrical Steel Nashik) is a 50/50 joint venture between JSW Steel and Japan’s JFE Steel Corporation.
As noted in Thyssenkrupp, the sale of the Indian company is based on market and strategic considerations.
The supply of raw materials from Thyssenkrupp’s German steel mills to India is expensive and weakens our competitiveness in this country in the long term,” explained Dennis Grimm, spokesman for the board of Thyssenkrupp Steel.
He added that it is not economically feasible for the company to set up its own production of local raw materials.
The proceeds from the sale, the German company noted, will strengthen the capital base of the steel segment and, among other things, will be used for environmental transformation. This also includes the activities of Thyssenkrupp Electrical Steel.
As demand for grain electrical steel remains high due to the global energy transition, the company will increasingly focus on the growth markets of Europe and North America in the future,” Thyssenkrupp said in a statement.
in August 2024, Thyssenkrupp completed the sale of 20% of the steel division Thyssenkrupp Steel Europe to the Czech energy company EP Corporate Group (EPCG). The parties discussed EPCG’s purchase of another 30% of Thyssenkrupp Steel to form a 50/50 joint venture.
Classification of stainless steel pipes1. Classification by production method:
(1) Seamless tubes - cold drawn tubes, extruded tubes, cold rolled tubes.
(2) Welded pipe:
(a) Classification by process - gas shielded welded pipe, arc welded pipe, resistance welded pipe (high frequency, low frequency).
(b) According to welding seam - straight seam welded pipe, spiral welded pipe.
2. Classification according to cross-sectional shape: (1) circular steel pipe; (2) rectangular pipe.
Spiral steel pipe stacking requirements1. The principle requirement for stacking spiral steel pipes is to stack them according to types and specifications on the premise of ensuring stable stacking and ensuring safety. Different types of materials should be stacked separately to prevent confusion and mutual erosion;
Difference Between Straight Seam Steel Pipe and Spiral Steel Pipe
Advantages of Using Carbon Steel in ConstructionSteel is an alloy metal, which means it’s a combination of several types of elements. In the case of steel, this is a combination of iron, carbon, and trace elements. It has a number of advantages for construction applications due to the fact that it’s fairly inexpensive to manufacture and has a very high tensile strength.
What determines the type of steel is the ratio of elements used to produce it, and it’s the magic formula of the carbon steel alloy created that makes it preferred for many projects. While there are thousands of different types of steel, these types are generally bucketed into four categories: carbon steel, alloy steel, stainless steel, and tool steel.- Anti-corrosion steel pipe classificationPN8710 anti-corrosion
When there are many types of corrosive media in steel pipes, such as acids, alkalis, salts, oxidants and water vapor, the coating must be chemically inert and resistant to acid, alkali and salt corrosion. The coating film should have a dense structure, good waterproof permeability and strong adhesion. , tough and plump. In this case, IPN8710 anti-corrosion is suitable. 
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