Steel News

ThyssenKrupp Mourns the Loss of Erich W. Heine, Claus-Peter Hellhammer

03 June 2009 - ThyssenKrupp Steel mourns the loss of ThyssenKrupp Steel AG Executive Board member Erich Walter Heine and ThyssenKrupp Steel employee Claus-Peter Hellhammer, both of whom were aboard the Air France aircraft that crashed over the Atlantic on Monday.

OAO Severstal Appoints CEO of Severstal Resources

02 June 2009 - OAO Severstal announces the appointment of Alexander Grubman as CEO of its Severstal Resources division.

ArcelorMittal Extends Port Agreement with Adriana

02 June 2009 - Adriana Resources and ArcelorMittal agree to amend their current Port Agreement.

ThyssenKrupp Executive Reported on Board Missing Air France Flight

02 June 2009 - ThyssenKrupp executive Erich Walter Heine is reported to be among the passengers aboard Air France Flight 447, which disappeared over the Atlantic Ocean on Monday, June 1.

Siemens to Modernize Hoesch Hohenlimburg Medium Strip Mill

01 June 2009 - Siemens VAI Metals Technologies will modernize Hoesch Hohenlimburg's medium-strip rolling mill, including renewal of the mill’s basic and process automation systems and the roughing stand’s servo-hydraulic control equipment.

Tata Steel UK Receives Lenders’ Consent to Reset Debt Covenants

01 June 2009 - Tata Steel UK receives Lenders’ approval to reset the covenants in its £3.7-billion acquisition-related senior debt facility with no increase in interest costs and additional financing.

Posco Opens New Processing Center in Japan

01 June 2009 - Posco opens a second Posco-Japan Kyushu Processing Center plant in Kyushu, Japan, that is expected to offer logistics services for a maximum of 400,000 tonnes of steel products per year.

Baosteel Puts Fourth Can Line into Production

01 June 2009 - Baosteel Group starts up Foshan Tin-Making Corporation, the Group’s fourth domestic seamless tin facility.

ArcelorMittal Kryviy Rih to Implement Shortened Workweeks

01 June 2009 - ArcelorMittal Kryviy Rih announces plans to reduce salary costs by implementing a reduced, three-day workweek.

Posco-Vietnam Nears Completion of Cold-Rolling Plant

29 May 2009 - Posco-Vietnam is in the final stage of construction of a cold-rolling plant near Ho Chi Minh City in southern Vietnam.

SAIL Takes Measures to Preserve Sliding Q4 Profits

29 May 2009 - SAIL reports a 37% decrease in profit for the fourth quarter of fiscal year 2008-09 vs. the year-ago fourth quarter.

ArcelorMittal Grants Acceptance Certificate for Silicon Steel Coating Line from Tenova

29 May 2009 - Tenova Strip Processing receives acceptance certificate from ArcelorMittal for the new magnesium coating line Tenova installed at the company’s Valcovny Plechu plant in the Czech Republic.

ArcelorMittal Announces EUR 2.5 Billion Bond Issue

28 May 2009 - ArcelorMittal completes pricing of two series of EUR-denominated notes for an aggregate principal amount of EUR 2.5 billion.

Saldanha Works Experiences Incident at its Corex Unit

28 May 2009 - ArcelorMittal South Africa’s Saldanha plant experiences an accident at its Corex facility that may have been caused by a leak of liquid iron through the furnace shell. No one was injured during the incident.

BlueScope to Defer Port Kembla Blast Furnace Restart

28 May 2009 - BlueScope Steel confirms that it will defer the restart of the newly relined No. 5 Blast Furnace at Port Kembla.

Siemens to Supply Four Long-Product Casters for SAIL’s Bhilai Steel Plant

28 May 2009 - Steel Authority of India Limited places an order with Siemens VAI Metals Technologies for the supply of four long-product casters to be installed at SAIL’s Bhilai Steel Plant.

Mechel Announces Extension of Bridge Loan

27 May 2009 - Mechel OAO obtains a two-month extension of its bridge loan taken to finance the acquisition of Oriel Resources (Great Britain).

NLMK Implements New Environmental Project

27 May 2009 - Novolipetsk Steel has begun to revamp the lime rotary kiln dedusting systems in its refractory shop.

Siemens Commissions New Plate Mill for Wuyang Iron and Steel

27 May 2009 - Siemens VAI Metals Technologies commissions a new 4100-millimeter plate mill for Wuyang Iron and Steel in just ten days.

ArcelorMittal Ostrava Plants 1111 Trees in the Ostrava Region

26 May 2009 - ArcelorMittal Ostrava has planted 1111 trees in the Ostrava region, delivering on its promise to plant trees in return for the plastic cups collected during last year’s ‘Colours of Ostrava’ festival.