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Latest News:
Tata Steel Reports Increased Production, Mixed Sales in Third Quarter
Jan. 7, 2009 - Tata Steel reports that it produced 1.50 million tonnes of crude steel in the third quarter of FY09, a 17% increase over the third quarter of the previous fiscal year.
Russula to Provide Water Treatment Plant for Ahmsa Steckel Mill, Reheat Furnace
Jan. 7, 2009 - Russula will supply a complete new water treatment plant for Altos Hornos de Mexico’s Project Fenix Steckel Mill and reheat furnace.
Commerce Finds Dumping of Small Diameter Graphite Electrodes from China
Jan. 7, 2009 - The U.S. Department of Commerce announces its final determination that Chinese producers are dumping small-diameter graphite electrodes in the United States.
ArcelorMittal Extends Negotiating Period for Port Agreement with Adriana
Jan. 7, 2009 - Adriana Resources Inc. and ArcelorMittal have agreed to extend the time to complete the definitive agreement contemplated in their port agreement.
U. S. Steel Tubular to Exit DOM Tubular Products Business
Jan. 6, 2009 - United States Steel subsidiary U. S. Steel Tubular Products announces plans to close the drawn-over-mandrel lines at its Texas Operations Division and exit the DOM tubular products business.
Ruukki Service Center Fire Not Expected to Result in Delivery Delays
Jan. 6, 2009 - Rautaruukki does not expect the recent fire at its Hyvinkää, Finland, steel service centre to cause any significant disruptions to deliveries.
AK Steel Announces February 2009 Surcharges
Jan. 6, 2009 - AK Steel will add a $165 per ton surcharge to invoices for electrical steel products shipped in February 2009.
Danieli to Supply High-Speed Rebar Mill to Libyan Iron & Steel
Jan. 6, 2009 - Danieli Morgårdshammar will provide a new 800,000 tonnes/year high-speed rolling mill to Libyan Iron & Steel Co on a complete turnkey supply basis.
Vale Shareholders Approve Merger of Mineração Onça Puma
Jan. 6, 2009 - Companhia Vale do Rio Doce shareholders approve the proposed merger of the company’s wholly-owned subsidiary, Mineração Onça Puma SA, into Vale.
Baosteel and Haier to Continue Strategic Cooperation
Jan. 5, 2009 - Baosteel enters a new round of strategic cooperation with household appliance magnate Haier Group, the fourth-largest white goods manufacturer in the world.
Posco CEO Selected as Korean CEO of the Year
Jan. 5, 2009 - Korea’s Hankyung Business Weekly names Posco CEO Ku-Taek Lee as CEO of the Year based on the evaluation of factors including financial achievement, stakeholder treatment, leadership and business ethics.
ALJ Reports Results for Fiscal Year 2008
Jan. 2, 2009 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, posted a net loss of $3.208 million for the fourth quarter, and net income of $6.332 million for the fiscal year ended September 30, 2008.
Domestic Service Center Shipments, Inventories Continue to Slide through November
Jan. 2, 2009 - Service center shipments of steel fell 32.7% in the U.S. and 30% in Canada in November according to the latest Metals Activity Report from the Metals Service Center Institute.
Asian Steel Consortium Closes Acquisition of 40% Stake in CSN’s Namisa Subsidiary
Dec. 31, 2008 - The Asian consortium Big Jump Energy Participacoes — Itochu, JFE Steel, Nippon Steel, Sumitomo Metal Industries, Kobe Steel, Nisshin Steel, and Posco — closes its acquisition of a 40% stake in CSN mining subsidiary Nacional Minerios SA.
MMK Signs Credit Facility Agreement with Sberbank
Dec. 31, 2008 - Savings Bank of the Russian Federation and OAO Magnitogorsk Iron & Steel Works enter nonrenewable 2-year credit facility for RUB 3.0bn to finance construction of MMK’s Plate Mill 5000 complex.

 

 

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