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Outokumpu Details EUR 240 Million of Investments in Stainless Capacity

24 October 2007 - Outokumpu has announced it will invest an additional EUR 240 million over the next five years to expand quarto plate capacity in Sweden and the U.S., and to expand the service center offering in Germany.

Danieli to Upgrade Four Riva Rolling Mills

23 October 2007 - Danieli Morgårdshammar will upgrade four of Riva Group’s rolling mills with the installation of its ESS compact cantilever oil-film-bearing stands.

Mechel Subsidiary Recertified Following Railway Manufacturing Audit

23 October 2007 - Specialists of the Register of Certification on the Federal Railway Transport extend the term of Mechel OAO’s certification for manufacturing rolling stock axles at its Urals Stampings Plant subsidiary.

ArcelorMittal and Borusan to Build New Hot Strip Mill in Turkey

23 October 2007 - ArcelorMittal signs a Memorandum of Understanding with Borusan to form a 50/50 joint venture partnership to construct a new hot strip mill in Gemlik, Turkey.

AK Steel to Upgrade Specialty Steel Operations

23 October 2007 - AK Steel is planning capital investments including a new electric arc furnace, new ladle metallurgy furnace, and additional electrical steel finishing equipment at its specialty steel operations in Butler and Zanesville.

Siemens to Modernize Drives for Salzgitter Flachstahl Hot Rolling Mill

23 October 2007 - Salzgitter Flachstahl awards a contract to the Siemens Industrial Solutions and Services Group to supply new main drives and the associated automatic control technology for the company’s hot strip mill, with installation scheduled to take place in five stages.

SMA Names New Leadership for Board of Directors

23 October 2007 - The SMA Board of Directors announces Gerdau Ameristeel President and CEO Mario Longhi as the new Chairman for 2008-2009, replacing Gallatin Steel President Don Daily, who served as SMA’s Chairman for the past two years.

Reliance Names Chairman of the Board and CEO

22 October 2007 - Reliance Steel & Aluminum announces that David H. Hannah, currently Chief Executive Officer, has been elected to the additional role of Chairman of the Board, effective October 17, 2007.

Danieli to Construct New Flat Products Complex for MMK-Atakas

22 October 2007 - Danieli will be the sole supplier of technological equipment for a new flat products complex MMK-Atakaş is planning for Iskenderun, Turkey, including EAF-based meltshop and caster, high-capacity hot rolling mill, continuous pickling line, cold rolling mill, hot dip galvanizing, and coil coating facilities.

Siemens-Led Consortium to Build EAF-Based Steelworks for Liepajas Metalurgs

22 October 2007 - Liepajas Metalurgs awards contract to a consortium led by Siemens to build a turn-key integrated electric steel plant that will replace the facility’s existing open-hearth based steel production route.

Gerdau Ameristeel Announces Selected 3rd Quarter Results

22 October 2007 - Gerdau Ameristeel reports selected preliminary comparative financial and operating data for the third quarter and nine months ended September 30, 2007 and 2006, including results for Chaparral from the date of its acquisition on September 14, 2007.

Universal Stainless Announces New Addition to Board

22 October 2007 - Universal Stainless & Alloy Products announces that Dennis M. Oates has joined the company's Board of Directors, filling the independent Board seat left vacant by the retirement of George Keane in May.

Timken to Increase SBQ Product Prices

22 October 2007 - Timken plans to increase base prices on hot-rolled, cold-finished, and single-thermal-treated special bar quality products by $30 per ton.

Cargill and Robinson Steel Finalize Joint Venture

19 October 2007 - Global iron and steel trader, processor and distributor Cargill has joined with RPS manufacturer and distributor Robinson Steel to form a new venture named Cargill Robinson, LLC.

SMS Demag to Supply Arccess EAF for OMZ

19 October 2007 - SMS Demag will supply a 120-tonne Arccess electric arc furnace to be installed at OMZ’s Kolpino, St. Petersburg, facility.

ArcelorMittal Reports Latest Status of Share Buyback Program

19 October 2007 - ArcelorMittal has repurchased 1,120,000 shares under the new share buy-back program that was announced on September 13, 2007.

Reliance Reports 3rd Quarter Results

19 October 2007 - Reliance Steel & Aluminum reported net income of $93.6 million on sales of $1.81 billion for the third quarter and record net income of $328.0 million on record sales of $5.55 billion for the nine months ended September 30, 2007.

EPA Raises Additional Objections to Draft Permit for Gary Works

19 October 2007 - The U.S. EPA outlines three more objections to the draft wastewater discharge permit proposed by the State of Indiana for U.S. Steel’s Gary Works, following initial objections raised by EPA earlier this month.

Danieli to Supply Hot-Dip Galvanizing Line for Tezcan

19 October 2007 - Danieli Wean United will supply a 400,000 tonne/year hot-dip galvanizing line to Tezcan Galvanizli Yapi Elemanlari Sanayi Ve Ticaret AS, Turkey.

Nafta and Latin American Steel Associations Develop Work Program

19 October 2007 - Representatives of five major NAFTA steel associations met recently with representatives of the Latin American Iron and Steel Association to discuss trade and other policy issues of common concern.

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