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World

All the latest headlines from all regions of the world outside the NAFTA market.

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Two ArcelorMittal Mills Cut 440,000 Tonnes of Emissions with Gas Recovery Projects

27 June 2012 - ArcelorMittal Flat Carbon Europe sites in Gent and Bremen are recovering and re-using their waste gases to reduce their emissions and energy costs. Their projects have been identified as best practices for the rest of the group to replicate.

Salzgitter Lowers Profit Guidance on Deteriorating Economic Outlook

27 June 2012 - In releasing its profit guidance for the financial year 2012, the Salzgitter group notes that the economic outlook for Germany and the eurozone as a whole has deteriorated further due to the severe problems caused by Europe's debt crisis; this falls markedly short of the expectations underlying the profit guidance released by the Salzgitter Group on 15 May 2012.

Sutor Technology Receives Nasdaq Notification of Non-Compliance with Minimum Bid Price Rule

26 June 2012 - Sutor Technology Group Limited, a leading China-based non-state-owned manufacturer and distributor of high-end fine finished steel products and welded steel pipes received notification that it is not in compliance with the $1.00 minimum closing bid price requirement under the NASDAQ Listing Rules.

Saudi Arabian Company Orders Micro Steel Mill from SMS Concast

26 June 2012 - Al Qaryan Steel Company from the Kingdom of Saudi Arabia has placed an order with SMS Concast for the design, manufacture and commissioning of a micro steel mill to be installed in Dammam.

Tata Steel to Assess Market Demand Before Relighting Port Talbot Furnace

26 June 2012 - Tata Steel said it may delay relighting the No. 4 blast furnace at Port Talbot, Wales, if market demand towards the end of the year does not justify immediate production.

NSL Consolidated Successfully Completes Full Load Testing of Kurnool Iron Ore Plant

26 June 2012 - Perth-based NSL Consolidated Ltd. successfully conducted the first complete full load test of its Kurnool dry separation iron ore plant in the southeast Indian state of Andra Pradesh.

Shandong Hengji Steel Commissions Coating Facilities

26 June 2012 - Shandong Province-based Hengji Steel Co. has commissioned its new coating facilities which have an annual production capacity of 500,000 tonnes, including 300,000 tonnes of hot dip galvanized and 200,000 tonnes of pre-painted galvanized iron.

Shareholders Approve Merger of Nippon Steel & Sumitomo Metal Industries

26 June 2012 - Nippon Steel and Sumitomo Metal Industries obtained approval at their respective annual shareholders' meetings regarding their merger agreement; as a result, the businesses will integrate and form Nippon Steel & Sumitomo Metal Corporation as of 1 October 2012.

Serbia to Idle Loss-Making Steel Mill

25 June 2012 - Serbia plans to halt production at the loss-making Smederevo steel mill next month and send most of its 5500 workforce home with reduced salaries until after the company's sale expected in September.

VIZAG Selects Danieli Automation for MES Solutions at New Operations

25 June 2012 - The Visakhapatnam Steel Plant (VIZAG) selected Danieli Automation for the supply of Manufacturing Execution System (MES) Level 3, including the network, at its expansion project in India.

Malaysian HRC Project to be Commissioned by 2015

25 June 2012 - Maegma Steel is in the final stages of setting up an integrated steel mill in Lumut, Malaysia, after the signing of a gas sales agreement with Malaysian state-owned gas company Petronas on 25 June 2012.

Tenaris Announces $1.5 Billion Investment Plan for U.S. Operations

22 June 2012 - Tenaris announced a US$1.5 billion investment plan to expand its U.S. operations including the installation of a state-of-the-art seamless pipe mill, heat treatment and premium threading facilities.

Tata Steel Achieves Vertical Integration in Electrical Steels

22 June 2012 - Tata Steel has completed an important strategic project that makes it only the second vertically integrated producer of grain oriented electrical steels in the European Union.

CMI FPE Doubles Its Production Capacities with New Cold Rolling Mills Manufacturing Center

22 June 2012 - CMI FPE unveiled on 30 May 2012 the new layout of its Taloja (Maharashtra) facility; the expansion doubles the production capacities of this plant, henceforth known as CMI Center of Excellence for Cold Rolling Mills Manufacturing.

Nippon Seeks $1.2 Billion in Compensation from POSCO Over Technology Dispute

22 June 2012 - Nippon Steel is demanding US$1.2 billion in compensation in a legal case charging POSCO with improperly obtaining electrical steel sheet technology.

World Steel Dynamics Publishes 2012 List of World-Class Steelmakers

22 June 2012 - World Steel Dyanamics published its annual World-Class Steelmakers list.

Tenaris Inaugurates Finishing Line for Boiler Tubes in Romania

22 June 2012 - After a US$60 million investment in the construction of a dedicated finishing line carried out in conjunction with other improvements to the hot rolling mill, Tenaris officially inaugurated its new finishing facility for boiler tubes in Zalau.

SCHALKE Receives Order for Coke Oven Machinery in Brazil

22 June 2012 - Companhia Siderúrgica do Pecém (CSP) - a Brazilian company - is building a new steel plant situated in Pecém in the state of Ceará, Brazil, and has placed an order for coke oven machinery from SCHALKE.

Siemens to Modernize Pickling Line Tandem Cold Mill at voestalpine Stahl

21 June 2012 - voestalpine Stahl GmbH has placed an order with Siemens to modernize the coupled tandem pickling line No. 1 at its Linz plant in Austria.

Rio Tinto Takes Next Steps in its Iron Ore Development Plans

21 June 2012 - Rio Tinto is taking the next steps in its phased investment program by committing US$4.2 billion to develop its tier one iron ore business.

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