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General Moly Signs Off-Take Agreement with SeAH Besteel

16 May 2008 - General Moly announces the signing of an off-take agreement with SeAH Besteel Corp., Korea’s largest manufacturer of specialty steels.

SMS Demag Consortium to Modernize Krakatau Steel Hot Strip Mill

16 May 2008 - PTKS, Indonesia, has placed an order with SMS Demag and its consortium partners to modernize the company’s hot strip mill in Cilegon, West Java.

Algoma Steel Improves Performance in First Quarter

16 May 2008 - Algoma Steel announces significant performance improvements for the first quarter of 2008, including a 6.2% increase in shipments and a 4.6% increase in sales vs. last year’s first quarter.

Nucor Getting Closer to Site Selection for $2-Billion Ironmaking Facility

16 May 2008 - Nucor applies for a permit to build a state-of-the-art iron-making facility in Louisiana that would produce 3 million tons/year of iron as well as power beyond its own needs through the capture and use of excess energy at the blast furnace and heat-recovery coke plant.

Toyota Expected to Agree to Steel Price Hike

16 May 2008 - A report published on JCN Network said that Toyota Motor Corp. is expected to agree to a steel sheet price hike exceeding 20,000 yen per ton in negotiations with Nippon Steel Corp.

Metso to Supply Iron Ore Induration Machine to Essar Steel

15 May 2008 - Metso Minerals will supply an iron ore induration machine to Essar Group’s Global Supplies Ltd.

Commerce to Issue Antidumping Order on Rectangular Pipe and Tube from Turkey

15 May 2008 - The U.S. Department of Commerce will issue an antidumping duty order on imports of light-walled rectangular pipe and tube from Turkey.

Nucor to form Joint Venture with Sidenor

15 May 2008 - Nucor signs MoU with Sidenor regarding a new joint venture for the production and distribution of long steel products and plate in the Balkans, Turkey, Cyprus, and North Africa.

ISRI Warns of Increasing Theft of Infrastructure Metals

15 May 2008 - The Institute of Scrap Recycling Industries issues a warning about the increase in theft of ferrous infrastructure metals, which join a growing list of metal materials that have been targets of thieves for several months.

ArcelorMittal to Increase Flat Carbon Prices for Third Quarter

15 May 2008 - ArcelorMittal initiates a price increase for its flat carbon products in Europe that will bring the base price level for hot band to 720 €/tonne, with corresponding increases for cold rolled and coated flat product prices.

AK Steel Announces Company Scholarship Recipients

14 May 2008 - Continuing a longstanding company tradition, AK Steel announces the award of college scholarships to sons and daughters of company employees.

Kentucky Electric Steel Parent ALJ Announces 2nd Quarter Earnings

14 May 2008 - Kentucky Electric Steel parent ALJ reports net income of $6.8 million on net sales of $82.3 million for the six months ended March 31, 2008.

ArcelorMittal Announces Changes to Management Committee

14 May 2008 - ArcelorMittal announces a number of changes to its Management Committee, including the retirement of Chairman Joseph Kinsch, and the assumption of his role by CEO Lakshmi Mittal.

Nucor Moves Forward on Italian Beams Venture with Duferco

14 May 2008 - Nucor enters agreement to acquire 50% of its Duferdofin-Nucor Srl beam production and distribution joint venture with Duferco, for euro 423.5 million.

United Steelworkers File Charges against Latrobe Specialty Steel

14 May 2008 - Union workers at Latrobe Specialty Steel file an unfair labor practice charge with the National Labor Relations Board stating that the lockout that began on May 9, 2008, is unlawful.

Siemens to Supply Equipment, Drives, Automation for Posco Process Lines

13 May 2008 - Siemens Metals Technologies will supply special equipment, drives and the automation system for a cold-strip annealing, pickling and finishing line at Posco’s Pohang plant.

Gerdau Ameristeel Announces Record 1st Quarter Earnings

13 May 2008 - Gerdau Ameristeel reports net income of $163.0 million on net sales of $2.0 billion for the three months ended March 31, 2008.

Russel Metals Reports 1st Quarter Earnings

13 May 2008 - Russel Metals reports net earnings of $29.2 million on consolidated revenues of $712 million for the first quarter of 2008.

Siemens to Equip New Process Line for BlueScope Indonesia

12 May 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.

Corus IJmuiden Launches New Zinc-Based Hot-Dip Coating

12 May 2008 - International steel producer Corus is to launch a new hot-dip zinc-based metallic coating with superior corrosion properties and the potential to significantly decrease coating thickness.

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