News

SCHMOLZ + BICKENBACH not affected by US sanctions

Lucerne, April 9, 2018 – SCHMOLZ + BICKENBACH, a global leader in special long steel, today announced that the Group expects not to be materially affected by the sanctions imposed by the US government on its shareholder Viktor F. Vekselberg and his Renova Holding.Viktor F. Vekselberg holds substantially less than 50% of the total capital of SCHMOLZ + BICKENBACH through his investment companies. As a result and given the composition of its shareholder basis, SCHMOLZ + BICKENBACH does not...

Special steel for the plastics industry

Whether PET bottle, car headlight or medical packaging – precisely shaped plastics are produced in molds made of high-grade steel. At NPE 2018 (stand S15037, Expo hall, level 1) SCHMOLZ + BICKENBACH USA is showcasing innovations and established solutions of the mold steels from Deutsche Edelstahlwerke (DEW) and from Finkl Steel. The application-specific materials manufactured by the subsidiaries of the SCHMOLZ + BICKENBACH Group are extremely resistant to corrosion, very easy to polish, easy to machine and wear resistant,...

Finkl Steel Announces Price Increase

Chicago, IL, November 24, 2017 - Finkl Steel, a subsidiary of the SCHMOLZ + BICKENBACH Group, will increase prices by $0.05 / lb USD for all orders to be shipped on or after February 1, 2018. This price increase will be effective for all products shipped from all Finkl Steel production facilities.Finkl Steel has experienced a sharp cost increase for melt shop consumables over the last several months. “Unfortunately we can no longer absorb the significant cost increases for...