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Mechel Commissions Gas Cleaning System at Otelu Rosu EAF Shop

28 August 2008 - Mechel OAO launches a new gas cleaning system in the arc furnace shop of its Otelu Rosu facility at Ductil Steel, a Romanian company that Mechel acquired in April 2008.

Steel Minister Lays Foundation Stone for SAIL’s 5th Steel Processing Unit

28 August 2008 - The Steel Authority of India celebrates laying of the foundation stone for a fifth Steel Processing Unit to be constructed at Billowa village in the Gwalior district of Madhya Pradesh.

Nucor Acquires American Compressed Steel

28 August 2008 - Nucor’s David J. Joseph subsidiary completes its acquisition of the American Compressed Steel operations of Secondary Resources, Inc.

ThyssenKrupp Group to Further Optimize Portfolio

28 August 2008 - To support continued growth, ThyssenKrupp is implementing an investment program with a volume of up to €20 billion. A divestiture of the Services segment’s Industrial Services business unit is also planned.

SMS Demag to Supply X-Melt Converter Shop for SAIL’s IISCO Facility

28 August 2008 - SMS Demag will supply a complete 2.6 million tonnes/year X-Melt converter shop for SAIL’s IISCO facility.

Steel Dynamics Increases Share Repurchase Authorization

27 August 2008 - The Steel Dynamics Board of Directors approves a further increase of 10 million shares to the company’s existing share repurchase program.

Nucor Subsidiary Acquires Ambassador Steel

27 August 2008 - Nucor subsidiary Harris Steel completes its acquisition of Auburn, Ind., based Ambassador Steel for a cash purchase price of approximately $185 million.

FeMET Initiative Awards Design and Curriculum Grants

27 August 2008 - The American Iron and Steel Institute and the Association for Iron and Steel Technology Foundation’s FeMET Initiative awards its design and curriculum development grants for the academic year 2008-2009.

Nucor to Restart Kingman Bar Mill

27 August 2008 - Nucor announces plans to restart steel bar production at its previously idled rolling mill in Kingman, Ariz.

SSAB Contracts Acxiom to Provide IT Infrastructure

27 August 2008 - Svenskt Stal AB contracts Acxiom Corp. to provide information technology infrastructure and services for the company’s North American Division over the next three years.

Steel Imports Creep up 4% in July

27 August 2008 - The U.S. imported a total of 2,842,000 net tons of steel in July 2008, up 4% vs. June final data according to the latest report from the American Iron and Steel Institute.

BlueScope Steel to Divest its Taharoa Iron Sands Business

26 August 2008 - BlueScope Steel Limited announced the sale of its New Zealand iron sands mining and export operation, the Taharoa Iron Sands Business, to Cheung Kong Infrastructure Holdings Limited.

FTC Grants Early Termination of Waiting Period for Cliffs-Alpha Merger

26 August 2008 - The Federal Trade Commission grants Cleveland-Cliffs and Alpha Natural Resources early termination of the waiting period under the Hart-Scott-Rodino Act for their proposed merger.

Siemens to Supply Three Slab Casters for Shougang’s New Tangshan Steelworks

26 August 2008 - Siemens VAI Metals Technologies will supply three new continuous-casting machines for Shougang Group’s new Tangshan Shougang Baoye Iron and Steel facility, including a caster capable of casting ultra-thick slabs of up to 400 millimeters.

Increase to Special Litigation Reserve Leads to Updated 2008 Results for Carpenter

26 August 2008 - Carpenter Technology reports an increase in its previously reported special litigation reserve due to a recent trial court decision related to alleged disposal of manufacturing wastes in 1973-74.

Sumitomo Metals and China Steel to Establish Steel Sheet JV in Vietnam

25 August 2008 - Sumitomo Metal Industries and China Steel Corp. conclude a joint-venture contract for the construction of a steel sheet mill in Vietnam.

Severstal Resources to Acquire PBS Coals

25 August 2008 - OAO Severstal has announced plans to acquire the business of PBS Coals Corp., a Somerset County, Pa., miner and processor of metallurgical and thermal coal with 133.5 million tonnes of in-place coal reserves and 228.3 million tonnes of in-place coal resources.

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