In early 2024, ASTM A516 Gr.70 carbon steel plates, a prominent Saudi Arabian energy company embarked on a $2.5 billion expansion of a major power plant in the Eastern Province, aimed at boosting capacity by 1,200 MW to meet the kingdom's Vision 2030 goals for sustainable energy.
In late 2023, a prominent Vietnamese shipyard initiated a 180,000 DWT bulk carrier project for international shipping routes, valued at $80 million, to expand its fleet amid a 5.8% global shipbuilding CAGR to 2029.
In mid-2023, a leading German infrastructure firm launched a 1,200-meter cable-stayed bridge project over the Elbe River, part of the federal highway expansion to improve connectivity in Hamburg.
In Q2 2022, a U.S. petrochemical company in Texas launched a $150 million pressure vessel fabrication project for a new ethylene cracker unit, requiring materials for 500-bar vessels operating at 350°C.
In Q3 2021, a UAE-based petrochemical giant initiated a $500 million reactor upgrade in Abu Dhabi, requiring high-temperature-resistant steel for a 10,000-barrel unit handling corrosive hydrocarbons at 500°C.
