Steel News

Corus Increases Reversing Mill Plate Price

08 June 2010 - Corus has increased transaction prices for reversing mill plate by £60 per tonne on all new orders from June 4. The increase is driven by further rises in raw material costs and continued improvements in demand for steel plate.

Tata Steel Active on World Environment Day

08 June 2010 - Tata Steel observed World Environment Day at Jamshedpur and all its operational locations, keeping with this year’s global theme, “Many Species. One Planet. One Future.” The day included a widespread tree-plantation drive.

Tata Steel Unveils Environment Awareness Campaign

07 June 2010 - Tata Steel has unveiled its new nationwide environment awareness campaign “Greenfection” to raise awareness and urge the citizens to protect the environment. The launch was marked by “Green Lighting” of the Victoria Memorial and the Tata Centre in Kolkata.

Jilin Liyuan Aluminium Orders Extrusion Presses from SMS Meer

07 June 2010 - Jilin Liyuan Aluminium Co. Ltd., China, has ordered two SMS Schloemann extrusion presses from SMS Meer. The scope of supply includes a 100-MN frontloading press and a 45-MN direct/indirect tube press.

Posco to Strengthen its Global Education Program

07 June 2010 - Posco opened a Posco Family Global Mini MBA program in association with the University of Hawaii at the end of last year. In August, the Global Capability Building Workshop will be hosted for factory managers at Gwangyang and Pohang Steelworks. Posco also recently launched the Cross-cultural Negotiation Development Program at the university.

Posco Conducts Research for Better Workplace

07 June 2010 - Posco recently launched a research group for GWP (Great Work Place) Making, which will conduct research on various factors involved in making a better workplace, as well as approaches to improve them.

ThyssenKrupp Stahl-Service-Center Relocates to Krefeld

04 June 2010 - ThyssenKrupp Stahl-Service-Center GmbH has relocated to Krefeld, bringing together the production operations and expertise of its three North Rhine-Westphalian branches—Bochum, Breyell, and Leverkusen—as well as its headquarters, formerly based in Langenfeld.

Air Liquide to Extend Support at Dongbei Special Steel

04 June 2010 - Air Liquide will build a new air separation unit to supply oxygen and nitrogen to Dongbei Special Steel Group in Dalian, Liaoning Province.

Open-die Forging Press from SMS Meer Inaugurated at Buderus

04 June 2010 - The 80/100-MN open-die forging press installed by SMS Meer was formally inaugurated in March at the Wetzlar Works of Buderus Edelstahl GmbH. The press can be operated with both 8000-tonne press force and in the slower upsetting cycle with 10,000-tonne press force.

ShanDong Fulun Orders High-Speed Wire Rod Mills from SMS Meer

03 June 2010 - ShanDong Fulun Iron & Steel Co. Ltd., of Laiwu City, China, has placed an order with SMS Meer for the supply of two high-speed wire rod mills, each achieving an annual capacity of 700,000 tonnes of wire rod.

ArcelorMittal Kryviy Rih, Siemens Begin Construction of CCM

03 June 2010 - ArcelorMittal, ArcelorMittal Kryviy Rih, and Siemens VAI jointly announced that construction of the first Continuous Casting Machine (CCM) at the ArcelorMittal Kryviy Rih has begun. Capacity of the new CCM will be over 1.2 million tonnes of steel per year; start-up is targeted for September 2011.

Gerdau S.A. Proposes to Acquire Minority Shares in Gerdau Ameristeel

03 June 2010 - Gerdau S.A. has delivered to the Board of Directors of Gerdau Ameristeel a proposal to acquire all shares of Gerdau Ameristeel Corp. that it does not already own for US$11.00 cash per share. The Board has unanimously determined that it would support a transaction at the price, subject to finalization of definitive documentation for the transaction.

voestalpine Appoints New Member to Management Board

02 June 2010 - The Supervisory Board of voestalpine AG recently appointed Franz Rotter to the Management Board, effective from January 1, 2011. He will head the Division Special Steel, taking over from Claus J. Raidl.

LKAB Inaugurates Gruvberget Iron Ore Mine

02 June 2010 - Mining has commenced at Gruvberget in Svappavaara, Europe's largest iron ore project, after LKAB's president Lars-Eric Aaro and Kiruna's municipal commissioner Kenneth Stålnacke fired the first round to inaugurate LKAB's first new iron ore mine in 50 years.

Outokumpu Opens Service Center in Kunshan, China

02 June 2010 - Outokumpu has inaugurated a new service center in Kunshan, Jiangsu Province, China, that will support the Group's strategy of expanding operations in Asia. The Kunshan service center has an annual capacity of about 30,000 tonnes of stainless steel.

JSW Steel Acquires Coking Coal Mine in U.S.

01 June 2010 - JSW Steel Ltd. has completed the acquisition of certain coking coal mining concessions in the U.S., following Board approval in March. The mines, located in West Virginia, have total resources of 123 million tonnes.

Vale to Sell Minority Stakes of Oman Subsidiary

01 June 2010 - Vale S.A. has entered into an agreement with Oman Oil Co. S.A.O.C. (OOC) to sell 30% of Vale Oman Pelletizing Co. LLC, for US$125 million. OOC is a wholly owned company of the Government of the Sultanate of Oman.

Posco Holds Tech Fair for Japanese Automakers

01 June 2010 - Posco is holding a series of technology fairs mainly aimed at its Japanese customers that manufacture automotive products. The steelmaker plans to introduce its global sales network and the various auto parts made of its steel products at these fairs.

Mechel Obtains International Credit Rating

28 May 2010 - Moody's Investors Service has assigned a B1 corporate family rating to Mechel and a B1 Probability of Default Rating. Moody's Interfax Rating Agency also assigned an A2.ru.ru national scale rating to the company.

Posco Invites Volunteers to Join Hope-Sharing Activities

28 May 2010 - Posco, together with the international housing NGO Habitat Korea, is currently in search of 100 new members of BEYOND, the company’s collegiate volunteer group.