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voda 1 oktober 2019 17:07

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Elon Musks’ SpaceX Unveils Stainless Steel Clad Starship Mk1

SpaceX has unveiled its next-generation rocket, the Starship, and it’s a stainless steel stunner. The prototype rocket, called the Starship Mk1, sits at 50 meters tall with a diameter of 9 meters and will be powered by a total of 37 engines. CEO Mr Elon Musk display at an event held at SpaceX’s launch facility in Cameron County Texas said “This is the most inspiring thing that I’ve ever seen. Main goal of the event and of SpaceX’s work is to get the public inspired about space exploration and its potential for future. Becoming a spacefaring civilization, being out there among the stars, this is one of the things that makes me glad to be alive.”

The aim is for the dry mass of the Starship to be 120 tonnes, with a propellant mass of 1,200 tonnes. Currently, the prototype weighs in closer to 200 tonnes, but Musk says this should be able to be shaved down to 120 tonnes or even 110 tonnes in production. The rocket will eventually be able to haul a payload of 150 tonnes to orbit and back with full reusability, putting it ahead of NASA’s next-generation SLS system which should be able to carry a payload of 95 to 130 tonnes.

And about that stunning shiny exterior: It’s made of chromium-nickel stainless steel which is lightweight and is as strong as composite materials at very low temperatures, making it ideal for surviving the cold of space. It also has a high melting temperature, meaning it can survive the heat of re-entry into Earth’s atmosphere.

Source : Strategic Research Institute

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voda 1 oktober 2019 17:15

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Schnitzer Announces Q4 2019 Preliminary Results

Schnitzer Steel Industries Inc announced preliminary results for its fiscal 2019 fourth quarter ended August 31, 2019. The Company expects fourth quarter earnings from continuing operations to be in the range of USD 0.37 - USD 0.42 per share and adjusted earnings to be in the range of USD 0.38 - USD 0.43 per share. This range is a decrease compared to third quarter of fiscal 2019 reported and adjusted earnings from continuing operations of USD 0.56 and USD 0.65 per share, respectively, and a decrease relative to fourth quarter of 2018 reported and adjusted earnings of USD 2.08 and USD 2.11 per share, respectively, which included a discrete tax benefit of USD 1.06 per share.

Markets for recycled metals weakened in the fourth quarter, including a marked deterioration in August with a continued decline in September. In Auto and Metals Recycling (AMR), weak domestic and export demand for scrap metal led to a significant decrease in selling prices for ferrous products to levels last seen in 2017 contributing to a compression in metal spreads in the fourth quarter. Market prices for nonferrous products, and zorba in particular, also continued to decline throughout the fourth quarter as they were impacted by the ongoing effects of trade actions, including Chinese tariffs on imports from the US and a global slowdown in manufacturing production, as well as new Chinese import regulations, effective July 1, 2019, which imposed restrictive import quotas, and license and other requirements on imports of scrap products by Chinese companies. In Cascade Steel and Scrap (CSS), average finished steel prices in the fourth quarter are expected to decrease by over 10% from the multi-year peak reached earlier in the year, negatively impacted by extended customer destocking and outpacing the decline in scrap prices.

AMR expects to report quarterly operating income in the range of USD 21 million - USD 22 million, or USD 21 - USD 22 per ferrous ton, which represents a sequential decrease due primarily to a significant decline in ferrous and nonferrous scrap prices during the latter two months of the quarter, as well as seasonally lower retail sales and higher environmental-related expense. Average net ferrous and nonferrous selling prices are expected to be lower sequentially by 8% and 10%, respectively. Ferrous and nonferrous sales volumes are expected to increase sequentially by 9% and 4%, respectively. However, the benefits from higher volumes and from reductions in purchase prices for raw materials were only able to partially offset the decline in selling prices for scrap.

CSS expects to report quarterly operating income of approximately USD 6 million. While finished steel sales volumes are expected to increase by approximately 4% from the third quarter, operating income is expected to be lower sequentially primarily due to lower average net selling prices for finished steel products, particularly wire rod, outpacing the decline in raw material costs.

Mr Carsten Spohr informed the Executive Board of thyssenkrupp AG that he is resigning from his Supervisory Board mandate of thyssenkrupp AG with immediate effect. The resignation takes place to prevent the occurrence of cross-links due to the planned appointment of Martina Merz as CEO of thyssenkrupp AG. Martina Merz has been a member of the Supervisory Board of Deutsche Lufthansa AG since 2016. Mr Carsten Spohr has been a member of the Supervisory Board of thyssenkrupp AG since 2013. With his resignation, Carsten Spohr enables Martina Merz to be appointed CEO of thyssenkrupp AG, as planned after approval by the Supervisory Board, and at the same time to remain on the Supervisory Board of Deutsche Lufthansa AG.

Ms Martina Merz, Chairwoman of the Supervisory Board of thyssenkrupp AG that "On behalf of the Supervisory Board of thyssenkrupp AG, I would like to sincerely thank Carsten Spohr for his effort on the Supervisory Board. He has greatly enriched our work with his strong entrepreneurial perspective."

Source : Strategic Research Institute

voda 1 oktober 2019 19:26

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Aperam wil converteerbare obligatie aflossen

FONDS KOERS VERSCHIL VERSCHIL % BEURS
Aperam
21,94 -0,40 -1,79 % Euronext Amsterdam

(ABM FN) Aperam is van plan om een converteerbare obligatie die afloopt in 2021 uit de markt te halen. Dit liet de fabrikant van roestvast staal dinsdag nabeurs weten.

Het gaat om een obligatie met een waarde van 300 miljoen dollar die afloopt eind 2021. De convertible heeft een rente van 0,625 procent. Beleggers krijgen de waarde van hun obligatie terug samen met de verschuldigde rente.

Het gaat om een obligatie die Aperam op 8 juli 2014 in de markt zette.

Het aandeel Aperam sloot dinsdag 1,8 procent lager af op 21,94 euro.

Door: ABM Financial News.
pers@abmfn.be
Redactie: +32(0)78 486 481

© Copyright ABM Financial News B.V. All rights reserved.

voda 3 oktober 2019 16:56

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Mitsubishi-Hitachi Metals to Acquire Siemens Stake in Primetals Technologies

Mitsubishi-Hitachi Metals Machinery an MHI group company and Siemens AG reached agreement on September 30th 2019, that MHMM will acquire Siemens' 49% stake in Primetals Technologies. Closing of the transaction is subject to customary conditions and is expected by early 2020. Siemens will support the process to ensure a successful closing of the transaction. Following closing, MHMM will assume sole control of Primetals Technologies. Financial details of the transaction were not disclosed.

Takashi Ishizuka, President and CEO, Industry & Infrastructure of MHI, MHMM's parent company, expressed his appreciation to Siemens said that "I would like to express my deep gratitude to Siemens for their enormous contribution to Primetals Technologies over the past four years and nine months. Primetals Technologies has been able to establish a highly successful business through Siemens' strong leadership and deep experience in the industrial machinery business. MHI expects that Primetals Technologies will build on these foundations and strengthen its business in the future."

Mr Jochen Eickholt, Chairman of Siemens Portfolio Companies said: "We have successfully brought together our activities in metal plant equipment and have achieved a lot together. Now the time is right for Primetals to develop even further under the full ownership of Mitsubishi-Hitachi Metals Machinery. The agreement with MHI benefits customers, employees and owners alike."

Mr Satoru Iijima CEO and Chairman of the Board of Primetals Technologies, also expressed his deep appreciation to Siemens and looked toward new cooperation opportunities with Siemens in the future: "We have learned a great deal from Siemens' contributions to Primetals Technologies. As a result of Siemens' focus on productivity, production-related processes and advanced automation, Primetals Technologies has improved across the board and been able to prepare for the challenges it will face in the coming years."

Source : Strategic Research Institute

voda 3 oktober 2019 17:02

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United States Steel Corporation to Acquire Stake in Big River Steel

United States Steel Corporation announced a joint venture partnership agreement under which it has taken the first step towards acquiring Big River Steel through the purchase of a 49.9% ownership interest at a purchase price of approximately USD 700 million in cash, with a call option to acquire the remaining 50.1% within the next four years. US Steel has committed financing to execute the transaction. The implied enterprise value of Big River, including the expected completion of its Phase II-A expansion, which is fully funded and already under construction, is approximately USD 2.325 billion.

Big River operates a LEED-certified, Flex Mill in northeast Arkansas that is the newest and most advanced flat-rolled mill in North America. Big River’s technological leadership allows it to produce a wide product spectrum, including advanced automotive steels and electrical steels, and provide high-quality products and services to discerning customers in the automotive, energy, construction and agricultural industries. Big River’s recently announced Phase II-A expansion is expected to double the mill’s hot-rolled steel production capacity to 3.3 million tons annually, establishing it as one of the largest EAF-based flat-rolled mills in North America.

Source : Strategic Research Institute

voda 3 oktober 2019 18:10

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Jingye Submits Interest in British Steel to BEIS

According to reports in British media, Chinese steelmaker Jingye Group has reportedly approached the British Government in a bid to buy the Scunthorpe works. As per reports, Hebei Province based Jingye has contacted the UK government in the past fortnight, to express fresh interest in a takeover of the UK's second-biggest steel producer. Although the Official Receiver cannot enter into talks with Jingye, the Department for Business, Energy and Industrial Strategy has been able to continue discussions with potential buyers.

Turkish group Ataer has offered up to GBP 70 million for control of British Steel. British Steel, which employs 4,000 in Scunthorpe, collapsed in May has been operating under the control of the Government’s Official Receiver. It had granted Ataer, which is owned by a state group that controls the Turkish military pension, an exclusivity deal as it finalised its offer following an open bidding process.

Source : Strategic Research Institute

voda 3 oktober 2019 18:11

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Primetals Technologies to Modernized DC Twin Electric Arc Furnace at Baosteel

Primetals Technologies has received the final acceptance certificate from China's Baoshan Iron & Steel Co Ltd for the modernization of a more than 20 year old DC twin electric arc furnace at its Shanghai plant. The project involved redesigning both the upper and lower vessels and installing new anodes with increased durability. Improved power efficiency reduces production costs and raw materials can be used more flexibly. It is therefore now possible to operate the electric arc furnace with a hot metal content of up to 90%.

Under the modernization project Primetals Technologies was responsible for engineering, manufacturing and supplying essential components. The upper vessels with their water-cooled wall panels were completely redesigned, and the lower sections each were equipped with a new, air-cooled FIN anode. Overall, electric power efficiency levels and thus productivity was improved. New burner systems also were installed. It is now possible to operate the twin electric arc furnace with a hot metal content of up to 90%. Primetals Technologies was likewise responsible for monitoring the installation and commissioning work.

Baoshan Iron & Steel Co Ltd is part of the newly formed China Baowu Steel Group Corp Ltd, the second largest steel producer in the world, with a production capacity of 70 million tonnes. Baosteel produces high-quality products for both the Chinese domestic and the world markets. The twin electric arc furnace at the Shanghai plant has a tapping weight of 150 metric tonnes and is part of a production line on which billets and long products are manufactured for use as structural steels.

Source : Strategic Research Institute

voda 3 oktober 2019 18:11

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Indian Steel Industry Frets as Signing RCEP gets Closer

Business Line reported that Indian steel industry has expressed serious concern with Government inching close to signing Regional Comprehensive Economic Partnership which will open duty-free imports into the country from China. Mr Seshagiri Rao, Joint Managing Director, JSW Steel said “In 2009-10 when FTA was signed the industry was not familiar with its impact, but now having experienced the impact the industry wants more triggers in RCEP that will levy import duty automatically if imports breach certain level. With the steel industry already bleeding from FTA, the new proposed RCEP will include Australia, New Zealand and China to tap Indian market duty-free. China produces a billion tonne of steel a month, which is equivalent to India's annual consumption. Though China is part of WTO, it has an opaque system that provides export incentives including extending credits for a longer period at a lower cost.”

Mr TV Narendran, Managing Director Tata Steel, told Business Line that “The steel industry has not been much supportive of RCEP and it needs to be kept out of this. The fundamental point is that India is a growing market for steel. If anyone wants to participate in this market, let them come and invest in India, create jobs here. Why do you want somebody to borrow money at low cost and build some plant somewhere and import into India. The argument that countries that have no raw material should make steel and export, while India with all the raw material and domestic market, is still not trying to create an industry, goes against the opportunity that we have.”

The RCEP is a proposed free trade agreement between the ten member states of the Association of Southeast Asian Nations countries, China, Japan, India, South Korea, Australia and New Zealand. The negotiations for signing RCEP were formally launched in November 2012 at the ASEAN Summit in Cambodia and are now in the advanced stage of finalization.

Source : Business Line

voda 3 oktober 2019 18:14

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NLMK Lipetsk Begins Hot Testing at Mill 2000 New Reheating Furnace

NLMK Lipetsk has started hot testing at its new furnace for preheating slabs before rolling at Mill 2000. The new reheating furnace will increase NLMK Lipetsk’s hot-rolled steel output by 110,000 tonnes (+2%), reduce energy consumption by 50%, and almost halve air emissions. The new walking beam reheat furnace has replaced the outdated pusher-type furnace. Walking slabs along through the furnace with moving beams eliminates the possibility of surface defects and improves slab reheating parameters. The revamp will boost furnace productivity by 23% to 320 tonnes/hour (2.25 million tonnes per year). The furnace’s advanced control system based on a learning mathematical algorithm is able to adjust the heating process to steel grades without human intervention. Total project capex amounted to RUB 4.3 billion. Ramp-up to full capacity is planned before the end of 2019.

Reheating Furnace No 2 was assembled in 10 months, one month ahead of schedule, with no hot-rolling process interruptions. A full BIM (Building Information Modelling) cycle was used for furnace design, construction and assembly. This technology enabled the company to create a digital twin of the future unit and the construction process, to pre-emptively eliminate potential errors, and to optimize the scope and schedule of construction works at an early design stage.

Source : Strategic Research Institute

voda 3 oktober 2019 18:14

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Shijiazhuang iron & steel orders continuous caster from SMS Concast

Shijiazhuang Iron & Steel Co Ltd, a member of HBIS Group, has awarded an order to SMS Concast, a company of SMS group, covering the supply of a second continuous bloom caster. The order was placed within the frame of a relocation program to reduce the environmental impact on the city of Shijiazhuang, China. Within the same program, Shigang had already ordered two 130-ton SHARC electric arc furnaces and a three-strand vertical continuous caster producing high-quality blooms from SMS group at the beginning of the year. This second continuous caster will be a traditional curved-type machine for the production of high-quality blooms. The product range will include steel grades from engineering steels and tire cord grades up to stainless steel. A wider portfolio of special steels will also be possible to be produced on this caster. With its three strands, the machine will cast blooms of 410 x 530 millimeters cross-section with lengths between 5.0 and 6.1 meters.

The caster with a radius of 16.5 meters will allow operating the caster at high quality level with a wide operating window for the Dynamic Mechanical Soft Reduction Just like the vertical caster, this machine will be equipped with state of the art technology to produce special steels for a wide range of applications and a wide selection of alloys. The technological package will include electromagnetic CONSTIR mold and final stirrers, a high-precision tandem resonance oscillator and a finely adjustable air-mist secondary cooling system with seven independently controllable cooling zones. The DMSR system will have eleven modules per strand to ensure the blooms perfect internal quality. In addition, the caster will feature an infrared temperature measuring system installed for the purpose of online quality control of the blooms and for controlling the dynamic secondary cooling system. Length measurement by laser and an online weighing system will assure high bloom weight accuracy. The technological package is rounded up by a water-box quenching system.

Within the scope of digitalization, the plant will be provided with a state-of-the-art automation and data recording system to ensure fully digitalized quality tracking. Additionally the system will increase the yield through optimization of the cut lengths of the blooms.

Source : Strategic Research Institute

voda 3 oktober 2019 19:17

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Bayou Steel Shuts LaPlace Steel Mill

Bayou Steel Group is shutting down its LaPlace steel mill, putting nearly 400 workers out of work as the ripple effects of the growing trade war between the US and China put pressure on the domestic steel industry. A manager for the 40-year-old plant, which is one of the largest employers in St. John the Baptist Parish, said in a letter to Parish President Natalie Robottom and state workforce officials on Monday that "unforeseen business circumstances" and a lack of financing would force the plant's owners to permanently close the plant by the end of November. The move came as a shock to local officials, who said the closure came without warning. Parish spokeswoman Baileigh Rebowe said workers had no idea it was coming either.

The Louisiana Workforce Commission said it had received no warning of the closure and layoffs until Monday. The commission said it will deploy a mobile unit to the American Job Center Office on West Airline Highway in LaPlace on Tuesday to offer advice on job openings, retraining and other assistance that may be available to the plant's 376 workers.

The LaPlace plant, which first opened in 1979, specializes in turning scrap materials into products like rebar that can then be sold to builders and other customers. In recent months, sharp swings in the market for steel as well as scrap metal and other raw materials, coupled with uncertainty around trade with China, the world's largest steel market, has pressured many steelmakers.

Source : Strategic Research Institute

voda 3 oktober 2019 19:18

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Xingda Opens Steel Cord Plant in Thailand

Chinese steel cord reinforcements maker Jiangsu Xingda Steel Cord Ltd Co has initiated production at its first overseas plant, in Chonburi. Xingda Steel Cord General Manager Mr Liu Xiang said that “Establishing Xingda Steel Cord (Thailand) Co Ltd is integral to our strategy of globalization and proves our commitment to better serve our valued customers in the global steel cord market." He stressed that Xingda has plans to keep expanding internationally, saying building and operating this plant "will enable us to gain tremendous amount of experience of running a factory in another country, and this will pave the way for our further global expansion."

With a designed annual capacity of 100,000 metric tonnes, the Thai plant will produce steel cord products used in the tires of passenger cars and commercial trucks and buses. It's designed to provide fast and flexible delivery of steel cord products to tire makers in Thailand and Southeast/South Asia.

Source : Tire Business

voda 3 oktober 2019 19:19

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Severfield Acquired Service Structural Steelwork Business Harry Peers

Severfield plc the market leading structural steel group, announced that it has entered into an agreement to acquire 100% of the share capital of Harry Peers & Co Limited a leading full-service structural steelwork business, for a net initial consideration of GBP 18.0 million payable in cash on completion. A performance-based deferred consideration is in place, which could increase the purchase price by up to GBP 7.0 million, which would be payable in late 2020.

The Acquisition will significantly expand and extend Severfield’s current capabilities into attractive complementary market sectors: nuclear, process industries and power generation. Combining the businesses will enhance Severfield’s position as the UK’s broadest structural steel services group.

Source : Strategic Research Institute

voda 3 oktober 2019 19:19

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Cevian Never Demanded Special Dividend from thyssenkrupp - Report

Reuters quoted a spokesman as saying that Swedish fund Cevian, which holds an 18% stake in Thyssenkrupp has never demanded a special dividend from the ailing conglomerate, squashing speculation about such a move. The spokesman said that Cevian, Thyssenkrupp’s second-largest shareholder, had previously participated in two capital increases and voted against proposals to pay a dividend in 2017 to improve the group’s balance sheet.

Cevian, which first disclosed a stake in Thyssenkrupp six years ago, has long criticised the group’s complex structure, which spans capital goods ranging from elevators to submarines, arguing that individual units could thrive better on their own.

Source : Reuters

voda 3 oktober 2019 19:20

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Kamdhenu Adds New Production Capacity in UP

Kamdhenu Ltd has added new production capacity of 60,000 tonne per annum in Dadri, Uttar Pradesh to manufacture Kamdhenu Structural Steel. The company undertook the new capacity expansion through its franchise partner. The capacity addition follows robust demand for Kamdhenu Structural Steel, its key infrastrucre steel product, in western UP and adjoining areas like, Delhi and Haryana given the strong real estate and infrastructure development in the region.

Commenting on the company’s sustained growth in the state, Mr Sunil Agarwal, Director Kamdhenu Limited said that “Kamdhenu Structural Steel is witnessing strong demand in north India on the back of robust infrastructure growth, revival of housing sector coupled with customer trust in our strong product portfolio." He added that at our Dadri plant, we are producing I-Beams, angles and channels to cater to this demand. UP is a key growth market for us and we are committed to meet the increasing demand for high quality building materials in the state by increasing our production capacity by approx. 20% in the coming years.

Source : Strategic Research Institute,

voda 3 oktober 2019 19:21

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KIOCL to Begin Groundwork For Ductile Iron Spun Pipe Unit By December

Deccan Herald reported that KIOCL Ltd is planning to start the groundwork for ductile iron spun pipe plant in Mangaluru by December. KIOCL is setting up a DISP plant with a capacity of 2 LTPA (lakh tonnes per annum) under forward integration project. An investment of around INR 836 crore is being expected in this project. Addressing presspersons Mr MV Subba Rao, Chairman and Managing Director of KIOCL Ltd said that “If everything goes well, we are going to start the ground work for DISP project before December. The proposed project is expected to create a minimum of 500 direct employment in the region.”

On the potential for such a plant, he said the Central government is going to spend more than INR 11 lakh crore on water supply and sanitation projects in the coming years. The company can help meet the needs of the market for DISP for water supply and sanitation projects.

Source : Deccan Herald

voda 3 oktober 2019 19:21

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Kobe Steel to Post JPY 10.8 billion Special Loss

Jiji Press reported that Japan's Kobe Steel Ltd will post an extraordinary loss of 10.8 billion yen to write down its securities holdings. The loss, caused by drops in the prices of listed stocks, will be recorded in its forthcoming consolidated earnings for April-September.

Source : Strategic Research Institute

voda 3 oktober 2019 19:22

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Danieli Anoil Added-Value Oil Film Bearings for Rolling Mills In The Metal Industry

Today This technology has made giant steps foreward and the major international players still focus on these bearings, which the experts refer to “the heart of the rolling stands”. It is possible to convert a bushing from hydrodynamic to hydrostatic while maintaining a constant oil pressure of the load area, thus reducing the friction coefficient between bushing and sleeve (up to 0.001) and increasing the lifetime and efficiency of the bushing. A complete conversion of the bearing body also entails transforming the sleeve from Full Key to Semi Keyless. This increases the load-bearing capacity of the bearing, while reducing to a minimum strip defects due to Backup Rolls (BUR) during rolling (-75%), with consequent increase of productivity.

By investing in research, Danieli was able to develop a new Seal End Plate (with all surfaces nitrided), new roll neck seals (Danieli patent) and a new roll-coolant seal (Danieli patent) to retain the oil within the bearing and prevent infiltration of the coolant. The standard roll-neck seal rotates with the roll and has garter springs and internal stiffening to prevent it from being deformed by centrifugal forces when rotating at high speeds.

For the cold rolling mills, careful selection of the correct grade of rubber combined with PTFE lips has substantially reduced heat hardening of conventional seals, which leads to premature failure.

Nitreg hardening ensures a hard-wearing and heat-conducting seal-running surface that outperforms ceramic coatings.

In the traditional configuration, the backup-roll chock is fastened to the roll body with a threaded locknut assembly.

This threaded assembly requires the use of an overhead crane, pin and wire rope wound around the circumference of the lock nut for tightening and loosening.

This method carries the risk of projectiles due to pin failure and does not indicate how much load is present during fastening or loosening.

One of the latest innovations that Danieli bringing to the market to solve the above-mentioned problems is the mechanical lock referred to as T-lock provides the same results as the hydraulic one while at the same time being less invasive and costly.

Source : Strategic Research Institute

voda 3 oktober 2019 19:29

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Moody's Completed Periodic Review of Ratings of Steel Dynamics

Moody's Investors Service has completed a periodic review of the ratings of Steel Dynamics, Inc and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

Steel Dynamics Inc's Ba1 Corporate Family Rating acknowledges the company's low-cost position as an Electric Arc Furnace producer of steel. The rating also considers its geographic foot print in the US and the breadth of its product diversity, making it not dependent on any one market The company's good free cash flow generation, solid liquidity and increasing value added product offering are also considerations in the rating. The rating however also incorporates the volatility in the steel industry and the company's financial policy.

Source : Strategic Research Institute

voda 3 oktober 2019 19:29

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Myanman Steel Companies in Thilawa SEZ Expand Production

Myanmar Times reported that two steel manufacturing companies in the Thilawa Special Economic Zone near Yangon are ramping up production and set to expand their markets and products. JFE Meranti Myanmar Co Ltd announced last week that it is set to introduce its first locally produced coated-steel products under the brand ALZU this December. The products are intended for both local and export markets. The company is a joint venture between Japanese companies JFE Steel Corp, JFE Shoji Trade Corp, Marubeni-Itochu Steel Inc, and Hanwa Co Ltd, and Singapore-based Meranti Steel Pte Ltd.

According to JMM, its ALZU brand will provide premium aluminum-zinc alloy-coated and colour-coated steel products. The products are designed and manufactured by JMM in Myanmar for use in roofing, walling, and other related applications for a variety of industrial, commercial, residential, and institutional projects.

Source : Myanmar Times

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