Latest news with #AlloySteel
Yahoo
7 days ago
- Automotive
- Yahoo
Lincoln Electric fully acquires Alloy Steel
Cleveland, Ohio, US-based Lincoln Electric has announced the full acquisition of Alloy Steel Australia, including its related businesses. Financial details of the deal were not shared. Lincoln Electric expects the deal to be accretive to its earnings. Excluding transaction costs, the addition of Alloy Steel is projected to increase Lincoln Electric's earnings by $0.13–0.15 per diluted common share annually. The completion of this transaction follows Lincoln Electric's initial acquisition of approximately 35% ownership in Alloy Steel on 1 April 2025. Headquartered in Perth, Australia, Alloy Steel is a privately held manufacturer known for its proprietary wear plate solutions, engineering services and digital monitoring. These offerings are primarily supplied to the mining sector in the Asia-Pacific region to extend asset life and minimise operational downtime. Lincoln Electric chairman, president and CEO Steven B. Hedlund said: 'We are pleased to welcome the Alloy Steel team to Lincoln Electric to expand our presence in the attractive maintenance and repair sector. 'Customers are increasingly investing in maintenance to extend the life and maximise the productivity, safety and energy efficiency of their assets. We are looking forward to expanding their innovative wear plate solution globally and scaling its reach beyond the Asia-Pacific mining sector.' The integration of Alloy Steel's offerings is set to complement Lincoln Electric's existing range of maintenance and repair solutions, which serve various sectors including mining, steel, agriculture and industry. Alloy Steel's annual revenue stands at approximately $50m (A$77.41m), and its financial results will now be included in Lincoln Electric's International Welding Segment. "Lincoln Electric fully acquires Alloy Steel" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
04-08-2025
- Business
- Business Wire
Lincoln Electric Acquires Remaining Interest in Alloy Steel
CLEVELAND--(BUSINESS WIRE)-- Lincoln Electric Holdings, Inc. (Nasdaq: LECO) (the 'Company') announced today that it has acquired the remaining 65% interest in Alloy Steel Australia (Int) Pty Ltd. and its related businesses ('Alloy Steel'). The Company acquired an approximate 35% ownership interest in Alloy Steel on April 1, 2025, and following the completion of this transaction, the Company fully owns Alloy Steel. 'We are pleased to welcome the Alloy Steel team to Lincoln Electric to expand our presence in the attractive maintenance and repair sector,' said Steven B. Hedlund, Lincoln Electric's Chair, President and Chief Executive Officer. Alloy Steel is a privately held manufacturer of maintenance and repair solutions headquartered in Perth, Australia. It supplies proprietary wear plate solutions, engineering services and digital monitoring to the mining sector primarily in the Asia Pacific region to help customers extend asset life and minimize operational downtime. Alloy Steel's offering complements Lincoln Electric's current portfolio of maintenance and repair solutions for mining, steel, agricultural, and industrial applications. 'We are pleased to welcome the Alloy Steel team to Lincoln Electric to expand our presence in the attractive maintenance and repair sector,' said Steven B. Hedlund, Lincoln Electric's Chair, President and Chief Executive Officer. 'Customers are increasingly investing in maintenance to extend the life and maximize the productivity, safety, and energy efficiency of their assets. We are looking forward to expanding their innovative wear plate solution globally and scaling its reach beyond the Asia Pacific mining sector.' Alloy Steel's annual revenue is approximately USD$50 million and their results will be reported in the International Welding Segment. The acquisition is expected to be accretive to Company earnings, excluding transaction costs, at approximately $0.13 to $0.15 per diluted common share on an annual basis. Terms of the transaction were not disclosed. Forward-Looking Statements The Company's expectations and beliefs concerning the future contained in this news release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect management's current expectations and involve a number of risks and uncertainties. Forward-looking statements generally can be identified by the use of words such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "forecast," "guidance" or words of similar meaning. Actual results may differ materially from such statements due to a variety of factors that could adversely affect the Company's operating results. These risks and uncertainties include our ability to successfully integrate Alloy Steel and our ability to achieve the expected growth from the Alloy Steel acquisition. For additional discussion, see "Item 1A. Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2024. About Lincoln Electric Lincoln Electric is the world leader in the engineering, design, and manufacturing of advanced arc welding solutions, automated joining, assembly and cutting systems, plasma and oxy-fuel cutting equipment, and has a leading global position in brazing and soldering alloys. Lincoln is recognized as the Welding Expert™ for its leading materials science, software development, automation engineering, and application expertise, which advance customers' fabrication capabilities to help them build a better world. Headquartered in Cleveland, Ohio, Lincoln has 71 manufacturing locations in 20 countries and a worldwide network of distributors and sales offices serving customers in over 160 countries. For more information about Lincoln Electric and its products and services, visit the Company's website at
Globe and Mail
19-06-2025
- Automotive
- Globe and Mail
Alloy Steel Market Size to Hit USD 192.20 Billion by 2032
The global Alloy Steel Market continues to transform the steel industry with innovations in composition and sustainability. Rising demand from automotive, energy, and infrastructure sectors has driven new product development and competitive positioning. This Alloy Steel Market report integrates market insights, trends, and business growth drivers shaping the landscape. The Global Alloy Steel Market size is estimated to be valued at USD 147.94 Bn in 2025 and is expected to reach USD 192.20 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 3.8% from 2025 to 2032. This market report underscores robust market growth fueled by technological upgrades, strategic capacity expansions, and evolving end-use applications. Recent market revenue data for 2024 indicated a 4% year-on-year increase, validating our forecast and providing granular market analysis for stakeholders. Furthermore, share consolidation among the top five alloy steel producers reached approximately 60% in 2024, highlighting competitive intensity. Regionally, Asia Pacific dominated with over 45% of global consumption, while Europe and North America continue to invest in low-carbon technologies. The market scope now includes advanced high-strength grades for EV manufacturing, reflecting evolving performance specifications. Such dynamics accentuate the need for continuous market analysis and agile business growth strategies. Request Sample Copy of this Report (Use Corporate eMail ID to Get Higher Priority) at : Key Takeaways: Region: - North America: Robust automotive and aerospace alloy steel demand, driven by US EV production. - Latin America: Pipeline and construction projects in Brazil and Argentina boosting grade usage. - Europe: Emission norms fostering low-carbon alloy steel adoption in Germany and France. - Asia Pacific: Industrial expansions in China and India elevating mill capacity. - Middle East: Oil & gas infrastructure projects in GCC nations increasing corrosion-resistant steel usage. - Africa: Mining and heavy equipment demand in South Africa and Egypt rising alloy steel consumption. Market Segment : By Grade: Low-alloy (e.g., 4140 for gears); high-alloy (e.g., 904L in chemical plants). By Application: Automotive (powertrain components); oil & gas (offshore pipelines). By Form: Bars & rods (construction rebar); plates (shipbuilding hulls). market Growth Factors: - EV acceleration: Global EV output reached 11.5 M units in 2024, boosting high-strength, lightweight alloy steel demand by 6%. - Renewable energy build-out: Offshore wind capacity grew 10% in 2025, driving 5% uptick in corrosion-resistant grades. - Infrastructure spending: USD 20 Bn in bridge and tunnel projects across Asia Pacific spurred a 4.5% alloy steel demand increase in 2024. - Scrap supply constraints: Europe's scrap availability fell 3% in 2024, impacting production costs and shaping growth factors. - Steel decarbonization: Investment in electric arc furnaces rose 8% in 2024, aligning with low-carbon growth strategies. Purchase Now Up to 25% Discount on This Premium Report @ Market Trends: - Digital forging: IoT-enabled lines increased throughput by 8% in 2024, marking a key Alloy Steel Market trends shift toward Industry 4.0. - Low-carbon steel: Nippon Steel's e-furnace project cut CO₂ emissions by 18% in 2024, accelerating sustainable alloy development. - Advanced alloys: Maraging steel for aerospace achieved 10% weight reduction in early 2025, indicating trend evolution. - AI integration: Predictive maintenance models reduced downtime by 12% in European mills in 2024. - Reshoring initiatives: Five new North American steel plants announced in 2025, reversing offshoring trends. Actionable Insights: - Production capacity: Global alloy steel capacity reached 140 Mt in 2024; scheduled additions of 12 Mt by 2026. - Pricing: Average alloy steel price hit USD 1,150/t in Q4 2024. - Export volumes: China's exports topped 35 Mt in 2024; Southeast Asia imports grew by 7%. - EU imports: 8 Mt of high-alloy grades in 2024; micro-indicator scrap supply fell 3%. - Use-case index: Automotive accounted for 28% of total consumption; pipeline at 22%. - Alloy Steel Market revenue rose 5% YoY in 2024, driven by premium-grade sales. Key Players: • ArcelorMittal • Tata Steel Limited • Nippon Steel Corporation • China Baowu Steel Group • POSCO • JFE Steel Corporation • United States Steel Corporation • Nucor Corporation • Thyssenkrupp AG • Steel Dynamics, Inc. • SSAB AB • JSW Steel Limited • Gerdau S.A. • Essar Steel • Steel Authority of India Limited (SAIL) • Voestalpine AG • Evraz plc • NLMK Group • Baosteel Group • Severstal Competitive Strategies: ArcelorMittal's low-carbon TechSteel line, launched in 2024, secured contracts worth USD 1.2 Bn and enhanced Alloy Steel Market share in Europe. Tata Steel's joint venture in the UK expanded capacity by 2 Mt in 2025, yielding a 6% production boost. Nippon Steel's collaboration with Toyota on automotive-grade alloys cut processing times by 15% in Q1 2025, strengthening its competitive positioning. FAQs: 1. Who are the dominant players in the Alloy Steel Market? Leading producers include ArcelorMittal, Tata Steel Limited, Nippon Steel Corporation, China Baowu Steel Group, POSCO, and JFE Steel Corporation, together representing over 60% of industry share. 2. What will be the size of the Alloy Steel Market in the coming years? Our market forecast projects the Alloy Steel Market size to grow from USD 147.94 Bn in 2025 to USD 192.20 Bn by 2032 at a CAGR of 3.8%. 3. Which end-user industry has the largest growth opportunity? The automotive segment, driven by EV and lightweight component demand, accounts for nearly 28% of total Alloy Steel Market revenue and offers the highest expansion potential. 4. How will market development trends evolve over the next five years? Key Alloy Steel Market trends include digital forging adoption, low-carbon steel initiatives, advanced alloy development, AI integration, and regional reshoring efforts. 5. What is the nature of the competitive landscape and challenges in the Alloy Steel Market? Competition centers on capacity expansions, sustainability-driven product launches, strategic JVs, and digital upgrades. Challenges include raw material volatility and stringent regulatory requirements. 6. What go-to-market strategies are commonly adopted in the Alloy Steel Market? Companies deploy capacity partnerships, low-carbon product lines, technology collaborations (e.g., Nippon Steel and Toyota), and targeted geographic expansions to drive business growth. ✍️ Author of this marketing PR: Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. About Us: Coherent Market Insights leads into data and analytics, audience measurement, consumer behaviors, and market trend analysis. From shorter dispatch to in-depth insights, CMI has exceled in offering research, analytics, and consumer-focused shifts for nearly a decade. With cutting-edge syndicated tools and custom-made research services, we empower businesses to move in the direction of growth. We are multifunctional in our work scope and have 450+ seasoned consultants, analysts, and researchers across 26+ industries spread out in 32+ countries.
