25
May
01:00
Ovako invests 7.5m into Hofors mill to meet energy sector demand
Sweden-based producer of engineering steel, bars, tubes, rings and pre-components Ovako is investing €7.5 million into its ring mill in Hofors to meet demand from the energy sector, particularly wind power.
The initiative is part of a previously announced investment programme aimed at developing Hofors in advanced applications for clean steel. One application is for large ball bearing races, used mainly for wind turbines. “The transition to a more…
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Anonymous
Very good overview of the weekly steel market.
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