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Financial Support for Small, Medium Businesses Dealing with Posco

01 October 2009 - Posco teams with the Industrial Bank of Korea to help small- and medium-sized enterprises that deal with Posco to secure the necessary funds for production.

AISI Disappointed by Boxer-Kerry Climate Bill

01 October 2009 - The American Iron and Steel Institute expresses its disappointment in the Boxer-Kerry climate bill, which aims to reduce emissions by 20% by 2020--beyond the House bill's target passed in June.

Ruukki Selected for Bridge Project Delivery in Norway

30 September 2009 - Ruukki has signed a contract to deliver and install steel structures for Krakeroy bascule bridge and steel piles for the bridge foundations.

Siemens to Supply Reversing Rolling Mill to Chinalco’s Harbin Location

30 September 2009 - Chalco North East Light Alloy has ordered a single-pass reversing finishing mill with twin coiler from Siemens VAI Metals Technologies. The mill is part of a hot and cold mill expansion to be erected in Harbin, China.

ArcelorMittal Frýdek-Místek Continues to Invest, Increase Production

30 September 2009 - The new ArcelorMittal Frýdek-Místek facility for production of grain oriented (GO) steel was recently commissioned. According to company CEO Tomá&scaron; Mischinger, this segment has not experienced a drop of demand due to the economic crisis.

Worthington Reports 1st Quarter Results

30 September 2009 - Worthington Industries reports net earnings of $6.7 million on net sales of $417.5 million for its fiscal 2010 first quarter ended August 31, 2009.

Reliance Updates Q3 Outlook, Amends and Extends Credit Facility

30 September 2009 - Reliance Steel & Aluminum is updating its outlook for the third quarter that ended September 30. The company expects earnings for the third quarter to be in the range of $.40 to $.45 per diluted share.

Vale Concludes Deal to Increase Stake in CSA

30 September 2009 - Vale concludes its agreement to increase its stake in ThyssenKrupp CSA Siderúrgica do Atlântico to 26.87% through a capital infusion of EUR$ 965 million.

Vallourec Subsidiary to Acquire DPAL FZCO

29 September 2009 - Vallourec’s fully owned subsidiary VAM Drilling has reached an agreement to acquire Dubai-based DPAL FZCO, a supplier of drill pipes that is owned by Soconord Group. The move strengthens VAM Drilling’s presence in the Middle East.

Konecranes Closes Factory in Ettlingen, Germany

29 September 2009 - Konecranes will close down its production facility in Ettlingen, Germany, by March 31, 2010, affecting about 85 employees in crane production and assembly, component production, and plant administration.

Stainless, Specialty Imports Still Down More than 50% through June

29 September 2009 - Total stainless imports reached 175,783 tons through June 2009, a 57.1% decrease compared to YTD June 2008 according to the latest report from SSINA. Total specialty imports reached 238,274 tons through the same period, a 54.2% decrease compared to YTD June 2008.

China Steel Starts Commercial Production of 980-MPa CR Steel Product

29 September 2009 - China Steel Co. in Taiwan has completed the development of the dual phase, cold rolled steel product with a tensile strength of 980 MPa, and already has started to supply this product to the market.

Wheeling Corrugating to Implement Verticent ERP Solution

29 September 2009 - Wheeling Corrugating will implement the Verticent Enterprise Resource Planning solution at each of its operating facilities. A major theme of the partnership will be automation and integration.

Steel Dynamics Adds Gabriel Shaheen to Board

28 September 2009 - Steel Dynamics’ board of directors appoints Shaheen to the board, bringing the number of directors to 11.

Mill Steel Celebrates 50 Years With New Growth, Markets

28 September 2009 - The Grand Rapids-based steel distributor is marking its 50th year of business with an expanding customer base and new business in Michigan and across North America.

SMS Siemag Inaugurates Office Complex, Piping Shop

28 September 2009 - A newly built office complex and the modernized piping shop at the Hilchenbach, Germany, location of SMS Siemag AG opened on September 25.

Northwest Pipe to Revitalize Idle Bossier Facility

28 September 2009 - Governor Bobby Jindal and other leaders announce the revitalization of Northwest Pipe's facility in Bossier City, La., that has been idle for three years. The company’s tubular products group is refitting the plant to manufacture OCTG and pipe for the oil and gas industry.

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