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World

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

Latest News

Rio Tinto Announces 2008 Iron Ore Price Settlement

26 June 2008 - Rio Tinto Iron Ore announces that its subsidiary Hamersley Iron has reached agreement with China's Baosteel on the price for Hamersley iron ore deliveries for the contract year commencing April 1, 2008.

Mechel Announces Spur-Track to Elga Deposit

24 June 2008 - Mechel OAO holds a ceremony together with Transstroy Engineering Corporation ZAO, celebrating a new railway spur-track that will connect Mechel’s Elga deposit with the Baikal-Amur mainline.

Siemens to Supply Slab Caster, RH Degasser for Posco Gwangyang Works

23 June 2008 - Posco places orders with Siemens VAI Metals Technologies to replace an existing caster with a new high-speed twin-strand slab caster, and to supply a new twin-station RH degassing plant at its Steel Making Plant No. 1 site in Gwangyang, Korea.

IISI Reports World Steel Production for May 2008

23 June 2008 - World crude steel production for the 67 countries reporting to IISI stood at an estimated 119.5 million tonnes in May 2008 — 5.8% higher than for the same month of 2007, but only 2.9% higher than the previous month, April 2008.

Rautaruukki to Streamline Steel Service Center Operations

20 June 2008 - Rautaruukki announces plans to streamline its steel service centre operations by eliminating overlaps at the centers and centralizing customer service.

ArcelorMittal Announces Change of Principal Borrowing Vehicle

19 June 2008 - ArcelorMittal announces that the principal borrowing vehicle of the Group will be ArcelorMittal, the ultimate holding company of the Group.

Siemens to Supply Two Additional Finishing Stands for Chinalco Hot Rolling Mill

19 June 2008 - Siemens VAI Metals Technologies will supply and install two additional finishing stands for Chinalco Aluminum’s aluminum hot rolling mill at Chinalco Ruimin in Mawei, Fuzhou.

Tenova Goodfellow to Supply EFSOP System for RIVA Acciaio EAF

19 June 2008 - RIVA Acciaio orders a Goodfellow EFSOP process optimization system for their EAF furnace operations at RIVA Alpa, Gargenville, France.

Mechel Begins Next Phase of Technological Modernization at VMZ

19 June 2008 - German-based Ernst Koch GmbH will supply and install a new straight-flow KGT 25/47 type drawing mill as part of Mechel’s modernization of the Vyartsilya Metal Products Plant.

Siemens to Upgrade Tandem Cold Rolling Mill for CSN

18 June 2008 - Siemens VAI Metals Technologies will modernize Companhia Siderúrgica Nacional’s five-stand tandem cold rolling mill No. 3 in Volta Redonda.

AIS to Provide SteelPlanner Solution for ArcelorMittal Asturias Plate Mill

17 June 2008 - AIS Group will install its SteelPlanner technology on ArcelorMittal’s Asturias heavy plate mill to improve scheduling and plate nesting as part of a major expansion project.

ArcelorMittal Expands Stake in Erdemir to Nearly 25%

17 June 2008 - ArcelorMittal increases its ownership of Turkish steel company Erdemir to 24.989%, with the acquisition of an additional 11.31% stake in the company at a cost of US$ 869.25 Million.

SAIL Plans Fourth Steel Processing Unit

16 June 2008 - SAIL is planning to build its fourth steel processing unit, which will produce 8- to 25-mm diameter bars from billets supplied by SAIL’s Bhilai Steel Plant.

SMS Demag to Supply X-Roll Heavy Plate Rolling Mill for Posco

13 June 2008 - SMS Demag AG will supply a 5.5-meter X-Roll® heavy-plate rolling mill for Posco’s Gwangyang facility for the production of 6 to 200 mm thick plates that are between 900 and 5400 mm wide.

Siemens to Provide Galvanizing and Anneal Lines for Wuhan Facility

12 June 2008 - Siemens Metals Technologies will supply a new hot galvanizing line plus a new continuous annealing line for coupled tandem pickling line No. 3 at the Wuhan Iron and Steel's Wuhan facility.

Karampada Iron Ore Resource Allocated for ArcelorMittal’s Jharkhand Steel Plant

12 June 2008 - The Governments of India and Jharkhand allocate a mining lease for the Karampada iron ore deposit to ArcelorMittal for use in the integrated steel plant it is planning to build in Jharkhand.

Siemens to Provide Enviro-Friendly Meros Plant for Masteel Sinter Process

11 June 2008 - Siemens Metals Technologies will install a Meros plant for Maanshan Iron & Steel (Masteel), marking the first application of this technology outside Europe.

Vale Announces Public Offer of Equity

11 June 2008 - Companhia Vale do Rio Doce announces a proposed public offering of common shares and preferred class A shares, with a maximum value of US$ 15 billion, subject to approval of its Board and the Brazilian regulator.

ArcelorMittal to Double Output at Temirtau Plant

11 June 2008 - ArcelorMittal says it will double the steelmaking capacity of its Temirtau plant in Kazakhstan, increasing its annual output from 5 to 10 million tonnes.

Auditors Confirm NLMK’s Compliance with ISO 14001-2004

10 June 2008 - NLMK passes a recertification audit of its Environment Management System for compliance with the requirements of ISO 14001-2004.

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