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Steel Import Permit Applications Fall in November

04 December 2008 - Steel import permit applications totaled 2,277,000 net tons for the month of November, a 23% decrease from the 2,967,000 permit tons recorded in October 2008, according to the latest report from the AISI.

AK Steel Plans 5% Pay Cut for Salaried Workers, Other Cost Reductions

04 December 2008 - AK Steel will implement a salaried employee cost reduction program that includes an indefinite 5% pay reduction for salaried employees and temporary incentives for voluntary retirements.

Severstal Responds to Supreme Court Appeals Decision

04 December 2008 - Severstal North America comments on the U.S. Supreme Court’s decision to deny any further consideration of appeals of a previous jury verdict in favor of Wheeling Pittsburgh Steel and Mountain State Carbon, now known collectively as Severstal Wheeling.

ITC to Revoke Duties on Steel Reinforcing Bar from Turkey

03 December 2008 - The U.S. ITC will revoke its existing antidumping duty order on steel concrete reinforcing bar from Turkey, following a negative injury determination in sunset review.

U. S. Steel to Consolidate Production for Greater Efficiency

03 December 2008 - U. S. Steel will temporarily idle a number of its facilities over the next several weeks, as it concentrates production at its Mon Valley, Gary, Fairfield and Lake Erie Works.

Peabody Energy Enters Sales Agreement for Interest in Australia Mine

03 December 2008 - Peabody Energy enters agreement to sell its 62.5% interest in the Baralaba Mine to Cockatoo Coal Limited.

Timken Receives $16 Million Order from Indian Railways

03 December 2008 - Timken will supply its Timken AP Class E bearings for use on Indian Railways passenger and freight trains.

AK Steel Announces January 2009 Steel Surcharges

03 December 2008 - AK Steel will add a $10 per ton surcharge to invoices for electrical steel products shipped in January 2009.

Siemens VAI Starts up Slab Caster with LiquiRob Robot for Cosipa

02 December 2008 - Siemens VAI recently started up a new slab caster equipped with the LiquiRob robot system as well as thickness-on-demand capability for the Brazilian flat-steel producer Companhia Siderúrgica Paulista (Cosipa).

Supreme Court Denies Review of Massey Energy-Wheeling Pittsburg Ruling

02 December 2008 - Massey Energy comments on the United States Supreme Court’s decision to deny consideration of a July 2007 Circuit Court decision that awarded $220 million to Wheeling-Pittsburgh Steel.

Ruukki to Adjust Steel Production, Boost Efficiency

02 December 2008 - ABSTRACT: Rautaruukki plans a range of actions to bring steel production and other operations in line with weakened demand and stock levels, including the initiation of employer-employee negotiations about possible lay-offs, redundancies and part-time working schedules.

Essar Steel and Kobe Steel Sign Umbrella Agreement

02 December 2008 - ABSTRACT: Essar Steel signs umbrella agreement with Kobe Steel that will cover a range of steel quality and production control technologies for Essar, as well as the supply of slabs and other raw materials to Kobe Steel.

Outokumpu Averts Temporary Layoffs at Tornio

02 December 2008 - ABSTRACT: Outokumpu agrees with employees on a solution that avoids proposed full or part-time temporary layoffs at the Tornio plant that had been prompted by low order load.

Worthington Industries Names New CFO

02 December 2008 - Worthington Industries announces the appointment of B. Andrew “Andy” Rose as Chief Financial Officer and the appointment of Robert McMaster as Senior Financial Adviser to the Chairman.

Corus Tubes Announces Further Reorganization

01 December 2008 - ABSTRACT: Corus Tubes will extend the reorganization process it began earlier this year by reducing employment levels at each of the business unit’s principal establishments in the U.K. and the Netherlands. 

Geneva Acquisition to Acquire Global Hi-Tech Industries

01 December 2008 - ABSTRACT: Geneva Acquisition enters into definitive agreement to acquire privately held Global Hi-Tech Industries Ltd., an integrated steel producer in India.

Corus Sells Stake in GrantRail Group to JV Partner VolkerWessels

01 December 2008 - ABSTRACT: Corus is selling its 50% stake holding in the GrantRail Group to its joint venture partner, VolkerWessels, giving it full ownership.

JFE Steel and Foulath Sign MOU on Pelletizing Project in Oman

01 December 2008 - ABSTRACT: JFE Steel and Foulathof Bahrain sign a Memorandum of Understanding to jointly establish a pelletizingproject that could produce as much as seven million tonnes of iron ore pellets per year in Sultanate of Oman.

Evraz Receives Vnesheconombank Loans

28 November 2008 - Evraz Group signs a US$1,006.5 million loan with Russia's State Corporation Bank for Development and Foreign Economic Affairs Vnesheconombank.

ArcelorMittal Frýdek-Místek Expands Electrical Sheet Production

28 November 2008 - ArcelorMittal Frýdek-Místek commissions new lines for grain oriented electrical steel production that will more than double the facility’s current annual production rate.

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