World
All the latest headlines from all regions of the world outside the NAFTA market.
Latest News
Posco-Mexico, Union Agree on Work Shift Overhaul
20 August 2010 - Posco-Mexico signed a new agreement with the Confederation of Mexican Workers on a work shift revamp, which introduces two four-group shifts for its factory workers instead of the previous three shifts.
voestalpine Sales, Earnings Increase During Q1 2010/11
20 August 2010 - voestalpine’s revenue went up by 22.1% from EUR 2,093.2 million for last year’s first quarter to EUR 2,556.1 million for the first quarter of 2010/11. The operating result (EBIT) increased by about EUR 230 million—from EUR -26.3 million to EUR 203.3 million.
Mechel Implements Summer Holidays Program for Subsidiaries
19 August 2010 - Mechel OAO is continuing its tradition of corporate health rehabilitation for children of its subsidiaries’ employees. The company is providing tours to health resort facilities for the summer holidays for the seventh time.
Rio Tinto Develops Award Recognizing Science and Innovation in Australia
19 August 2010 - Rio Tinto and the Australian Museum have partnered to develop a new initiative to encourage growth and development in the commercialization of science and innovation in Australia. The $10,000 Rio Tinto Eureka Prize for Commercialization will first be awarded in 2011.
Salzgitter Group Records Pre-Tax Profit in Q2 2010
19 August 2010 - In the second quarter of 2010, the Salzgitter Group generated an operating pre-tax profit of €18.6 million (Q2 2009 recorded a loss of €96.9 million), bringing the first half of 2010 to a close with an operating profit before tax of €21.2 million.
Posco ICT to Manage African Water, Sewage Systems
18 August 2010 - Posco ICT has begun a project to establish a monitoring system for water supply and drainage networks in major cities of Equatorial Guinea, West Africa. It will supply surveillance and control equipment for newly built networks in such cities as Mongomo, Ebebiyin, and Evinayong.
Siemens to Supply Handan with Electrical Equipment for BOF Converters
18 August 2010 - Siemens Ltd. China received an order from Handan Iron & Steel Group Co. Ltd. to supply automation and drive equipment for three new BOF converters in its Handan Steel Works. The project is scheduled for completion by year end.
ThyssenKrupp CSA Recognized for Safety Practices
17 August 2010 - ThyssenKrupp CSA Siderúrgica do Atlântico has received a diploma from the Brazilian Association for the Prevention of Accidents recognizing its work involving issues of health, safety, and environment during the construction of its steel mill complex between 2007 and 2010.
Siemens to Supply Rourkela with RH Vacuum Degassing Plant
17 August 2010 - Siemens VAI Metals Technologies has received an order from SAIL to supply an RH vacuum degassing plant to the Rourkela Steel Works in the state of Orissa. The new plant, which will enable production of high-quality steel grades up to cold-rolled non-oriented types, is scheduled to come into operation by mid-2012.
BlueScope Posts Profit, Declares Dividend
17 August 2010 - BlueScope Steel reported an A$192 million profit turnaround from the previous 12 months, delivering an A$126 million net profit after tax for FY2010. Directors have declared a 5 cents-per-share fully franked final ordinary dividend.
Corus to Rebuild Blast Furnace in Wales
17 August 2010 - Corus plans to invest £185 million into the No. 4 Blast Furnace at Port Talbot steelworks. The furnace will undergo a rebuild, starting in July 2012, that will equip it with technology to improve its safety, environmental performance, and reliability.
Posco Promotes Synergy among American Units
16 August 2010 - Posco recently hosted the Synergy Conference at the Posco-America headquarters in New Jersey in an effort to form a common ground for the steelmaker’s North and South American subsidiaries.
Corus to Produce Wind Tower Components in Teesside
16 August 2010 - Corus plans to construct a new £31.5-million manufacturing plant in Teesside to produce steel foundation structures, called monopiles, used to secure offshore wind turbines to the seabed. Preliminary engineering work is under way at the Corus Redcar site.
Ural Stal Orders Vacuum Degassing Plant from Siemens VAI
16 August 2010 - Siemens VAI Metals Technologies has received an order from the Russian Metalloinvest Holding to supply a new vacuum degassing plant to the JSC Ural Stal Works. The new plant is designed as a twin station with a capacity of 120 tonnes.
ThyssenKrupp Reports Nine-Month, Q3 Results for 2009/10
16 August 2010 - ThyssenKrupp reported that order intake and sales increased quarter-by-quarter, and in the first nine months of 2009/2010 were up from the prior-year period. Order intake increased by 8% to €30.6 billion for the first nine months, and sales were 1% higher at €31.1 billion.
Wipro to Transition ArcelorMittal Messaging to New Platform
13 August 2010 - Wipro Technologies enters five-year agreement with ArcelorMittal to consolidate and migrate its messaging systems to the Microsoft Exchange 2010 messaging platform.
NLMK Recognized as one of Russia’s Most Innovative Companies
13 August 2010 - Novolipetsk Steel celebrates the recognition of several of its projects under research conducted by Mediaholding Expert. As part of the research project, NLMK was also selected as one of the most innovative Russian companies.
Tata Steel Reports Q1 Profit
13 August 2010 - Tata Steel Limited reported 1,825 crores (US$ 393 million) profit after tax for the quarter ended June 30, 2010, an improvement of 4,034 crores (US$ 869 million) compared to a loss of 2,209 crores (US$ 476 million) in the company’s year-ago first quarter.
Corus to Upgrade Scottish Steelworks
12 August 2010 - Corus plans to invest £8 million at its Dalzell steel mill to help meet demand for heavy plate products. The company is also recruiting 60 workers at two plants following an upturn in orders.
CSN Reports Q2 2010 Results
12 August 2010 - Companhia Siderúrgica Nacional posted net income of R$894 million for the second quarter of 2010, an increase of 85%, or R$412 million, compared to Q1 2010. Net revenue totaled R$3.9 billion, up 22% compared to the first quarter, chiefly due to an 86% upturn in mining revenue. Steel revenue increased 8% in the same period.
