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World

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

Latest News

Tata Steel CEO Honored by Indian Institute of Materials Management

03 January 2012 - The Indian Institute of Materials Management (IIMM) has named Tata Steel Managing Director Mr. HM Nerurkar as CEO of the Year for 2011.

Posco-India Opens Field Office to Support Odisha Project

03 January 2012 - Posco-India recently opened a new field office near Nuagaon village to accelerate efforts to secure the construction site for its Odisha project, which has been stalled since mid-May of 2011.

Emirates Steel Commissions Heavy Section Mill

03 January 2012 - Emirates Steel succeeded in rolling out the first beams, marking the start of the hot commissioning of the first Heavy Section Mill in the Middle East and North Africa region.

China Steel Organizes Research Alliance for Hot Stamping

30 December 2011 - China Steel, Taiwan, recently invited a number of related companies and academic institutions to form a new alliance designed to enhance the competitiveness of the domestic auto industry.

Ruukki Joins United Nations Global Compact

30 December 2011 - Ruukki recently joined the United Nations Global Compact, a strategic policy initiative for businesses that are committed to enhance good corporate citizenship.

Severstal Granted Exploration and Extraction Rights for N1 coal field at Usinskoe

30 December 2011 - OAO Severstal’s OAO Vorkutaugol coal production unit recently won exploration end extraction rights for the N1 coal field at the Usinskoe deposit in the Komi region, Russia.

China Steel Announces New President, Management Changes

30 December 2011 - The 14th Board of Directors of China Steel Corp., Taiwan, approved a number of management changes during its recent meeting, starting with the promotion of Vice President of Production Jyh-Yuh Sung to the position of President.

Production Starts at Bahru Stainless

29 December 2011 - Bahru Stainless recently started up its factory in Johor Bahru, Malaysia, successfully processing its first coil in the annealing and pickling line AP1 on December 12.

SAIL, Kobe Steel to Form JV for ITmk3® Project Study

29 December 2011 - Steel Authority of India Limited and Kobe Steel, Ltd. have agreed to establish a joint venture company to carry out a detailed feasibility study for a commercial ITmk3® ironmaking plant in India. The plant, which would be constructed at SAIL's Alloy Steels Plant in Durgapur in West Bengal, would have the capacity to produce 500,000 tonnes of iron nuggets per year.

Tata Steel to Sponsor 24 Tata Kids of Steel Triathlon Events in 2012

29 December 2011 - Tata Steel has broken its own record for the number of Tata Kids of Steel triathlon events, with 24 events scheduled to take place during 2012, the year of the London Olympic Games.

Outokumpu Changes Segment Reporting for New Organization

28 December 2011 - Outokumpu will launch next week its new organization in which the business is steered as one group by the CEO responsible for the operative management and all business operations.

Sumitomo Metals Subsidiaries to Merge on January 1

28 December 2011 - Sumitomo Metal Industries Ltd. has signed a merger agreement with its wholly owned subsidiaries, Sumitomo Metals (Kokura), Ltd., and Sumitomo Metals (Naoetsu), Ltd. to merge operations on January 1, 2012, with Sumitomo Metals continuing as the surviving company.

Burn Standard Refractory Unit Becomes Wholly-Owned SAIL Subsidiary

28 December 2011 - Maharatna Steel Authority of India Limited (SAIL) has completed the process of transferring Burn Standard’s Refractory Unit at Salem to SAIL Refractory Company Limited (SRCL), a newly formed subsidiary of SAIL.

Posco Receives Korea New Growth Management Award

28 December 2011 - Posco received presidential commendation in the large enterprise division of the 8th Annual Korea New Growth Management Award.

Metinvest Launches Second Ore Concentrate Upgrading Facility at Ingulets GOK

27 December 2011 - Metinvest has commissioned its second magnetic and flotation iron ore concentrate upgrading facility at Ingulets Iron Ore Enrichment Works.

Mechel Announces Acquisition of Donetsk Electrometallurgical Plant

27 December 2011 - Mechel OAO completed on December 23, 2011, the acquisition of 100% of the shares of Donetsk Electrometallurgical Plant (DEMZ AO). The acquisition is valued at $537 million.

BlueScope Steel to Receive Steel Transformation Plan Advance

27 December 2011 - The Australian Federal Government’s announced that it would advance payment of $100 million to BlueScope Steel under the government’s Steel Transformation Plan (STP).

Posco Meets with CEOs to Strengthen Carbon Steel Business

27 December 2011 - Posco recently hosted training and strategy sessions for CEOs of overseas carbon steel factories and processing centers.

Qatar Steel Increases Stake in South Steel to 29.74%

23 December 2011 - Qatar Steel’s Board of Directors has recently approved the company’s decision to increase its stake in South Steel of Saudi Arabia by additional 9%, to 29.74%.

Outokumpu Supplies Quarto Plate for Nuclear Fusion Research

23 December 2011 - Outokumpu has won a tender to supply 350 tonnes of quarto plates for a fusion experiment project in Japan called JT-60SA. The stainless steel plates, made out of low cobalt 304, will be used in the cylindrical section of the cryostat, which is the hull surrounding the main components of the Tokamak reactor.

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