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Latest News:
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Siemens to Equip New Process Line for BlueScope Indonesia May 12, 2008 - Siemens Metals Technologies will equip a new integrated zinc-coating and painting line at PT BlueScope Steel’s Cilegon site, the only production facility in Indonesia that produces coated and painted steel products.
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JFE Steel to Boost Coal Output in Australia May 8, 2008 - JFE Steel and JFE Shoji Trade have agreed with their joint venture partners to significantly expand production at the Carborough Downs coal mine in Queensland, Australia.
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Siemens to Modernize Cold Rolling Stand for Alunorf May 5, 2008 - Siemens Metals Technologies will modernize the Aluminium Norf GmbH (Alunorf) Cold Rolling Stand No. 4, including the addition of new cooling beam for selective roll cooling and inductive edge heating.
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SMS Group Reports Record Business Year May 5, 2008 - SMS group describes 2007 as a record business year, with pre-tax results of EUR 176 million that were double the previous year’s figure of EUR 85 million.
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Esmark Agrees to Merge with Essar Steel May 1, 2008 - Esmark agrees to the material terms of a proposed tender offer and merger with Essar Steel Holdings Limited for a cash purchase price of $17.00 per share.
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Highveld Agrees to Disposal of Vanadium Assets Apr. 29, 2008 - Evraz Group’s Highveld Steel and Vanadium Corp. enters definitive agreements with Vanchem Vanadium Products (Proprietary) Ltd. on Highveld’s disposal of certain vertically integrated vanadium assets.
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IISI Reports World Steel Production for March 2008 Apr. 24, 2008 - World crude steel production for the 67 countries reporting to IISI stood at an estimated 119.5 million tonnes in March 2008 — 5.8% higher than for the same month of 2007, and 11.0% higher than the previous month, February 2008.
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IISI Provides Short Range Outlook for Steel Industry Apr. 16, 2008 - In its just-released short-range outlook, the International Iron and Steel Institute forecasts that 2008 will still be another strong year for the steel industry, with apparent steel use projected to rise 6.7%, to 1282 million tonnes in 2008.
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NLMK Upgrades Steelmaking Facilities Apr. 15, 2008 - Novolipetsk Steel announces completion of the project to refurbish its continuous casting machine CCM-4, which has been commissioned with a new slab capacity of 2 million tonnes per year at the company’s main production site in Lipetsk.
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Evraz Closes First Stage of Ukrainian Assets Acquisition Apr. 15, 2008 - Evraz Group completes the first stage of its acquisition of selected production assets in Ukraine, including greater-than-90% shareholding in the Dnepropetrovsk Iron and Steel Works and the Sukhaya Balka iron ore mining and processing complex.
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VALE Signs MOU with JFE Steel and Dongkuk Steel Apr. 9, 2008 - Companhia Vale do Rio Doce signs a memorandum of understanding with Japan’s JFE Steel and South Korea’s Dongkuk Steel Mill to conduct a feasibility study for construction of a steel slab plant in the Industrial District of Pecém, in the Brazilian State of Ceará.
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Mechel, Danieli Enter Partnership Apr. 4, 2008 - Mechel OAO signs three-year partnership agreement with Danieli for the implementation of reconstruction and development projects at Mechel's steel subsidiaries.
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SMS Demag to Upgrade NLMK Hot Strip Mill Mar. 28, 2008 - SMS Demag to further modernize the finishing train of NLMK’s hot strip mill, including the installation of CVC plus, work roll bending, and hydraulic roll-gap adjustment.
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Danieli to Supply Bar and Section Mill for INCA Mar. 27, 2008 - Danieli Morgårdshammar will supply a new 400,000-tonnes/year superflexible bar and light section mill to Industrias Nacionales, C por A (INCA) for its facility in Santo Domingo.
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Rasselstein Growth Bucks Market Trend for Tinplate Mar. 26, 2008 - Rasselstein’s CEO describes how investments have helped this ThyssenKrupp Steel subsidiary expand market share as well as total shipments, beating the prevailing market trends for tinplate.
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ArcelorMittal to Acquire Additional Noble Shares Mar. 26, 2008 - ArcelorMittal’s shareholding in Noble International will reach approximately 49.95% with the just-announced acquisition of an additional 10.31% of Noble’s shares from Chairman and founder Robert J. Skandalaris.
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Siemens to Supply Turnkey Process Technology for new SAIL Cold Mill Mar. 18, 2008 - Siemens will design, engineer, supply, install and commission the core lines of SAIL’s new 1.3 million tonnes/year cold mill facility in Jharkand, India, including a coupled tandem pickling line, hot-dip galvanizing line, and an electrolytic strip cleaning line.
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Danieli Morgårdshammar to Upgrade Stahl Gerlafingen Section Mill Mar. 17, 2008 - Danieli Morgårdshammar will upgrade AFV Beltrame’s Grobstraße section mill with the installation of its profile sizing process as well as a new reversing breakdown mill, new ultra-flexible reversing pre-finishing mill, and new universal finishing sizing stand.
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Evraz, TMK to Buy Ipsco Tubulars from SSAB Mar. 17, 2008 - SSAB announces plans to divest Ipsco Tubulars to Evraz for $4,025 million in cash; Evraz will sell some of the U.S. based Ipsco Tubulars businesses to OAO TMK and its affiliates.
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ArcelorMittal Announces Third Episode of its Web TV’s 2nd Season Mar. 11, 2008 - ArcelorMittal announces ‘Freedom Beams’ - the third episode of ArcelorMittal Web TV’s second season, which reveals the full story behind the famous steel beams produced by ArcelorMittal for the construction of New York's iconic One World Trade Center, The Freedom Tower.
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Mechel to Form Long-Term Partnership with Russian Railways Feb. 27, 2008 - Mechel OAO signs agreement to form a long-term, mutually beneficial partnership with Russian Railways in which Mechel will provide rails up to 100 meters long from a rail and structural steel mill to be built at the company’s Chelyabinsk Metallurgical Plant.
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IISI Reports World Steel Production for January 2008 Feb. 25, 2008 - Steel production for the 67 countries reporting to the International Iron and Steel Institute stood at an estimated 113.0 million tonnes in January — 4.9% higher than for the same month of 2007.
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VALE Reports 2007 Production Feb. 18, 2008 - Companhia Vale do Rio Doce reports record production in 2007 of 296 million tonnes of iron ore, 17.6 million tonnes of pellets, and 247,900 tonnes of finished nickel, in addition to copper, bauxite, alumina, aluminum, kaolin, and cobalt.
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ArcelorMittal Reports Record Results for 2007 Feb. 14, 2008 - ArcelorMittal announces net income of $2.4 billion on sales of $28.0 billion for the fourth quarter, and net income of $10.4 billion on sales of $105.2 billion for the twelve-month period ended December 31, 2007.
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