World

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

Latest News

Corus Sells Stake in GrantRail Group to JV Partner VolkerWessels

01 December 2008 - ABSTRACT: Corus is selling its 50% stake holding in the GrantRail Group to its joint venture partner, VolkerWessels, giving it full ownership.

Corus Tubes Announces Further Reorganization

01 December 2008 - ABSTRACT: Corus Tubes will extend the reorganization process it began earlier this year by reducing employment levels at each of the business unit’s principal establishments in the U.K. and the Netherlands. 

Geneva Acquisition to Acquire Global Hi-Tech Industries

01 December 2008 - ABSTRACT: Geneva Acquisition enters into definitive agreement to acquire privately held Global Hi-Tech Industries Ltd., an integrated steel producer in India.

JFE Steel and Foulath Sign MOU on Pelletizing Project in Oman

01 December 2008 - ABSTRACT: JFE Steel and Foulathof Bahrain sign a Memorandum of Understanding to jointly establish a pelletizingproject that could produce as much as seven million tonnes of iron ore pellets per year in Sultanate of Oman.

Evraz Receives Vnesheconombank Loans

28 November 2008 - Evraz Group signs a US$1,006.5 million loan with Russia's State Corporation Bank for Development and Foreign Economic Affairs Vnesheconombank.

ArcelorMittal Frýdek-Místek Expands Electrical Sheet Production

28 November 2008 - ArcelorMittal Frýdek-Místek commissions new lines for grain oriented electrical steel production that will more than double the facility’s current annual production rate.

ArcelorMittal Launches Voluntary Separation Programs

28 November 2008 - ArcelorMittal meets with its European Works Council to present voluntary separation programs as part of a planned US$1 billion reduction of Selling, General and Administrative expenditures.

Peabody Energy to Sell Non-Strategic Interest in Australia Mine

26 November 2008 - Peabody Energy enters into an agreement to sell its 62.5% interest in the Baralaba Mine in Australia to Cockatoo Coal Limited.

MMK to Continue Investment in Plate Mill 5000

26 November 2008 - Magnitogorsk Iron & Steel Works says that work will continue with its Plate Mill 5000 investment project, which will allow the company to produce plate for a wide range of applications.

BHP Billiton Plans Major Capacity Expansion at Western Australia Iron Ore

26 November 2008 - BHP Billiton’s Rapid Growth Project 5 will increase installed capacity by 50 million tonnes across the company’s Western Australia Iron Ore operations for a total capital investment by BHP Billiton of US$4.8 billion.

SMS Meer Acquires Schumag Machinery Segment

25 November 2008 - SMS Meer takes over the Machinery Segment of Schumag AG of Aachen, Germany.

Siemens to Supply Power Distribution Equipment for SAIL Expansion at Bokaro

25 November 2008 - Siemens Ltd. India’s Industry Solutions Division will supply power distribution equipment for SAIL’s Bokaro steelworks, which is currently undergoing a major expansion with the addition of a new meltshop and cold mill.

Harsco to Explore Joint Venture with China’s Largest Stainless Producer

25 November 2008 - Harsco signs a Letter of Intent with Shanxi Taigang Stainless Steel, China’s largest stainless steel producer, to develop a new working relationship for the treatment and utilization of stainless and carbon steel slag.

SAIL to Set Up Steel Processing Unit at Lakhimpur Kheri

25 November 2008 - SAIL is planning to set up an additional Steel Processing Unit at Village Behjam, in the District Lakhimpur Kheri in Uttar Pradesh.

Tata Steel Group Endows Metallurgical Professorship

25 November 2008 - Tata Steel will endow a Professorship of Metallurgy at the University of Cambridge, with Dr. Harry Bhadeshia to be inaugurated this week as the first Tata Steel Professor of Metallurgy.

ArcelorMittal Completes Registration of Exchange Offer

17 November 2008 - ArcelorMittal announces the closing of its offer to exchange outstanding 5.375% Notes due 2013 and 6.125% Notes due 2018 for equal principal amounts of 5.375% Notes due 2013 and 6.125% Notes due 2018 that have been registered under the U.S. Securities Act of 1933 as amended.