Steel News

China Steel Becomes First Steel Mill to Apply UNFCCC ACM0012

20 May 2009 - China Steel is the first steel mill worldwide to apply the Project Design Document issued by the United Nations Framework Convention on Climate Change.

Mechel Launches Welded Mesh Production Line in Moscow Region

19 May 2009 - Mechel Service commissions its new automated line to manufacture welded meshes in the town of Vidnoye in the Moscow Region.

Kobe Steel Details Capital Investment Plans for Fiscal 2009

19 May 2009 - Kobe Steel announces plans to invest 118 billion yen on a nonconsolidated basis to upgrade its plant and equipment in fiscal 2009, which ends March 31, 2010.

Vietnam Government Awards Investment Certificate to China Steel, Sumitomo

19 May 2009 - China Steel, Sumitomo Metal Industries, and other partners successfully obtain an investment certificate from Vietnam’s Ba Ria-Vung Tau Province for construction of China Steel Sumikin Vietnam Joint Stock Company, an advanced steel sheet project.

Tenova to Supply Push-Pull Pickle Line for Intfor

18 May 2009 - Tenova’s Strip Processing Business Unit will install a new push-pickling line and acid regeneration plant for INTFOR in Romania.

Climate Smart Steel from SSAB to Enclose Swedish Pavilion

18 May 2009 - Prelaq Energy from SSAB, a newly developed façade and roofing sheet, will enclose the buildings at the Swedish pavilion at Expo 2010 in Shanghai next year.

ThyssenKrupp Reports Six-Month Results, Full-Year Outlook

18 May 2009 - ThyssenKrupp reported earnings of €(215) million (before taxes) on sales of €21.4 billion for the first six months of fiscal 2008/2009.

JSW Steel Reports Strong Growth in April, Denies Sale of U.S. Operations

15 May 2009 - Reporting a 60% year-over-year growth in crude steel production in April, JSW Steel Limited denies the sale of any U.S. operation within the context of current market conditions.

Meishan Iron & Steel Celebrates Startup of New Blast Furnace

15 May 2009 - Meishan Iron & Steel celebrates the start-up of its new Blast Furnace No. 4 with an ignition and furnace startup ceremony.

Bluescope Steel Reports Fire at Western Port Plant

13 May 2009 - Bluescope Steel reports a fire at the Pickle Line Building at its Western Port Plant.

Tata Steel UK Meets with Lenders to Reset Debt Package

13 May 2009 - Tata Steel UK would prepay over £200 million of the non-recourse debt as part of its plan to reset the terms and conditions of its debt package.

Mechel Closes Acquisition of Bluestone Coking Coal Assets

12 May 2009 - Mechel OAO closes its previously announced acquisition of Bluestone Coal, a privately-held West Virginia-based coal businesses engaged in the mining, processing and sale of premium quality hard coking coal.

Gerdau Reports First Quarter Results

12 May 2009 - Gerdau reports first quarter net income of R$ 35 million on revenues of R$ 7.7 billion, reflecting the significant impact of the ongoing contraction in world steel demand.

Ruukki Concludes Negotiations at Kalajoki Unit

11 May 2009 - Rautaruukki concludes employer-employee negotiations at the Kalajoki unit in Finland, where 35 employees will be transferred to the Ruukki Engineering division; the negotiations also resulted in 12 redundancies.

Evraz Vitkovice Steel Signs Long-Term Supply Agreement with Ostrava

11 May 2009 - Evraz Vitkovice Steel signs long-term agreement with ArcelorMittal Ostrava that guarantees the supply of liquid pig iron for the Vitkovice steelmaking facilities.

NLMK Restarts Blast Furnace No. 4

11 May 2009 - Novolipetsk Steel restarts its Blast Furnace No. 4 following a complete overhaul.

Termination of Contract Could Lead to Closure of Corus Teesside

11 May 2009 - Corus has initiated discussions regarding the possible closure of its Teesside Cast Products following the recent termination of a slab offtake agreement originally signed with four international slab buyers in 2004.

ThyssenKrupp Steel Initiates Social Compensation Plan

11 May 2009 - In response to the dramatic slump in the world economy, ThyssenKrupp Steel initiates plans to cut some 1800 to 2000 regular jobs by September 30, 2010.

Ternium Completes Transfer of Sidor Shares to Venezuela

08 May 2009 - Ternium SA completes the transfer of its entire 59.7% interest in Sidor to Corporación Venezolana de Guayana, a Venezuelan governmental entity.

Essar Steel Expands Service Center Capacity in India to 2.5 MTPA

07 May 2009 - Essar Steel inaugurates its fourth steel service center facility in India, bringing its total processing capacity in India to 2.5 million tonnes/year.