World
All the latest headlines from all regions of the world outside the NAFTA market.
Latest News
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$3.9 billion, up 22% compared to the first quarter, chiefly due to an 86% upturn in mining revenue. Steel revenue increased 8% in the same period.
voestalpine Appoints New Spokesman
11 August 2010 - Nikola Donig has been appointed as the new spokesman of voestalpine AG, effective from September 1, 2010. In this role, he will be the main point of contact for media within voestalpine’s group.
WorldVest to Amend Company Name
11 August 2010 - WorldVest, Inc. plans to amend its name to Iron Mining Group, S.A. The name change should be effected with FINRA in the next 30 days. The company also recently cleared all conditions for the acquisition of Chile Inversiones de Minerales, Ltda. and anticipates final closing before August 31, 2010.
ArcelorMittal South Africa Announces BEE Transaction with Ayigobi Consortium
11 August 2010 - ArcelorMittal South Africa has announced a broad-based Black Economic Empowerment (BEE) transaction to introduce a 26% BEE shareholding into its operations. The transaction facilitates participation by the Ayigobi Consortium and an Employee Share Ownership Plan for more than 8500 employees.
SAIL Commissions New Tension Leveling Line at Salem Steel Plant
10 August 2010 - Steel Authority of India Ltd (SAIL) celebrated this week the commissioning of a new 70,000 tonnes per annum tension leveling line at the company’s Salem Steel Plant, part of a comprehensive modernization plan.
Outotec Awarded Contracts for Karara Iron Ore Project
10 August 2010 - Outotec has been awarded orders for Australia's Karara Iron Ore Project that include the design, supply, delivery, and installation of the complete flotation circuit along with all filtration technology.
Gerdau Revenue Grows with Recovery of Markets
10 August 2010 - The recovery of global demand for steel has driven Gerdau’s consolidated gross revenues to R$ 9.5 billion in the second quarter of 2010, a 31% increase on the same period of 2009. Physical sales have reached 4.4 million tonnes, a volume 30% higher than that of Q2 2009.
Harsco Inks New Minerals Contract with Slovenia’s Acroni
09 August 2010 - Harsco Corp. is expanding into Slovenia under a new five-year Harsco Minerals contract with the Acroni d.o.o. steel mill, Slovenia’s largest steelmaking operation and Europe’s third largest producer of heavy stainless steel plates.
China Steel Celebrates Record Hot Strip Mill Throughput
09 August 2010 - The cumulative production of China Steel’s No.1 Hot Strip Mill exceeded 100 million tonnes in July 2010. One of the major projects accomplished in 1982 during the company’s Phase II Expansion Project, No.1 Hot Strip Mill currently achieves 4.0 million tonnes of annual production.
Posco, Krakatau Steel Set Up JV for Indonesian Integrated Mill
09 August 2010 - Posco and Krakatau Steel have agreed to establish a joint venture for the construction and operation of an integrated mill in State Enterprises Ministry Building of Indonesia. The first stage of the 3-million-tonne facility will start construction in the second half of this year at the earliest, for completion in December 2013.
Nippon Steel Acquires Interests in Foxleigh Coal Mine
06 August 2010 - Nippon Steel Corp. has acquired from Itochu Corp. the whole of 10% interests in the Foxleigh Coal Mine joint venture in Queensland, Australia, held through its Australian subsidiary.
Siemens Slab Caster Starts Up at Qinhuangdao Shouqin
05 August 2010 - A slab caster capable of casting slabs in thicknesses up to 400 mm was recently started up at the steelworks of the Qinhuangdao Shouqin Metal Material Co., Ltd. in China. Siemens VAI received the order in June 2008 for a straight-mold, vertical-bending-type slab caster capable of casting up to 1.1 million tonnes of steel per year.
SSAB Reports Second Quarter 2010 Results
05 August 2010 - SSAB reported that second quarter 2010 sales increased by 66% to SEK 10,911 million, compared to SEK 6,583 million for the same period last year. An operating profit of SEK 708 million is a significant improvement over last year’s operating loss of SEK 952 million.
NLMK Group Q2 2010 RAS Financial Results
05 August 2010 - Novolipetsk Steel has announced its Q2 2010 Russian Accounting Standards (RAS) financial results for its major companies. Revenue for the Lipetsk production site increased by 33% quarter-on-quarter and 75% year-on-year, mainly as a result of higher prices and seasonal improvement in demand.
Rio Tinto Further Invests in Pilbara Capacity Expansion
04 August 2010 - Rio Tinto is to invest an additional US$790 million in its effort to expand the annual capacity of iron ore operations in the Pilbara to 330 million tonnes, bringing total investment funds approved in recent weeks to US$1 billion.
ArcelorMittal Announces Bond Issue Pricing
04 August 2010 - ArcelorMittal completes pricing of two series of U.S. dollar denominated notes, consisting of USD 1 billion aggregate principal amount of its 3.75% Notes due 2015, USD 1 billion aggregate principal amount of its 5.25% Notes due 2020, and a reopening of its 7% Notes due 2039 for USD 500 million aggregate principal amount.
ArcelorMittal Reveals Excellence Award Winners
04 August 2010 - ArcelorMittal has announced the winners of its annual Performance Excellence Awards for the 2009 financial year. Encompassing six categories, the awards were established in 2007 to celebrate excellence and innovation across the ArcelorMittal Group.
Kocks to Supply 3-roll Reducing & Sizing Block for Xuanhua Bar Mill
04 August 2010 - Xuanhua Iron & Steel has placed an order with Friedrich Kocks GmbH & Co for the supply of a 3-roll Reducing & Sizing Block for the facility’s small bar mill, one of five new rolling mills currently under construction.
ArcelorMittal Kryviy Rih Appoints New CEO
03 August 2010 - ArcelorMittal has appointed Rinat Starkov as the new CEO of OJSC ArcelorMittal Kryviy Rih, replacing Jean Jouet.
Rio Tinto to Invest for Next Stage of Simandou Iron Ore Project
03 August 2010 - Rio Tinto has approved US$170 million of further funding for the next stage of developing its Simandou iron ore project in Guinea, including mine, rail, and port infrastructure work. The investment takes effect immediately.
