Steel News

Siemens VAI to Install Dedusting for New Novolipetsk LD Converter

12 December 2008 - Siemens VAI Metals Technologies will install dedusting systems and auxiliary equipment for a new LD converter in NLMK’s Steel Works No. 2.

Corus in Discussions with UK Unions

12 December 2008 - Corus takes an inclusive approach to the financial crisis by actively discussing options with employees and their representatives in the UK.

Ruukki to Acquire Lithuanian Steel Frame Company

11 December 2008 - Rautaruukki signs agreement to acquire the entire share capital of Lithuanian steel constructor Gensina from its private owners.

ThyssenKrupp Honored for Outstanding Corporate Citizenship

11 December 2008 - ThyssenKrupp AG wins a corporate citizenship award for its Ideas Park and its associated “Discovering future technology” initiative in this year’s “Freedom and Responsibility” initiative competition.

Rio Tinto to Reduce Net Debt by $10 Billion Through 2009

11 December 2008 - Rio Tinto announces a detailed package of initiatives aimed at preserving value for shareholders by conserving cash flow and reducing levels of debt.

Conros Group to Add Two ERW Pipe Mills in 2009

11 December 2008 - The Conros Group is adding two new ERW pipe mills for the manufacture of larger diameter pipe and API Line Pipe as well as square and rectangular hollow structural sections.

TKS Rasselstein Wins Packaging Award

09 December 2008 - ThyssenKrupp Steel subsidiary Rasselstein and Soudronic AG of Switzerland jointly win the 31st German Packaging Award for a newly developed food can production line that achieves 30% higher productivity than conventional machines.

SSAB to Reduce Costs, Personnel

09 December 2008 - SSAB announces plans to reduce its workforce by 1300 as part of a cost savings program that is estimated to reduce operating costs by at least SEK 1 billion per year.

Despite Downturn, SMS Group Reports Strong Finish for 2008

09 December 2008 - The SMS group reports that it is expecting a slight increase in order intake for the current year 2008, to around EUR 5.4 billion as compared to EUR 5.15 billion in the previous year.

Mechel Obtains Credit Lines from VTB Bank

08 December 2008 - VTB Bank provides Mechel OAO with credit lines totaling approximately US$560 million for its subsidiaries Yakutugol OJSHC, Southern Kuzbass Coal and CMK.

ArcelorMittal South Africa Launches Saldanha Science Centre

08 December 2008 - ArcelorMittal South Africa signs memorandum of understanding for development of its second Science Centre in the Vredenburg/Saldanha Bay region of the Western Cape.

Baosteel Reports Solid Increase in Automotive Sheet Sales for 2008

08 December 2008 - Baosteel preserves its leading role in automotive sheet production and sales, as it reports a 9.7% increase in total sales volume for the year as compared to the same period of the previous year.

Evraz Board Elects New Chairman

05 December 2008 - Evraz Group elects Alexander Abramov as Chairman of the company’s Board of Directors. Alexander Frolov will continue to serve as CEO.

Outotec Receives Excellence Award from Samarco

05 December 2008 - Brazilian iron ore producer Samarco Mineração presents Outotec with its Prêmio Samarco de Excelência 2008 award in recognition of its performance during implementation of the company's third pelletizing plant project.

Broner to Streamline Serov Production Processes

05 December 2008 - Broner Metals Solutions will supply an advanced production management and optimization solution to A.K. Serov in Russia.

Tata Steel Reports Best-Ever Blast Furnace Output in November

05 December 2008 - Tata Steel reports a significant increase in hot metal and crude steel production for the month of November, including record-setting blast furnace and meltshop tonnages.

Nippon, ArcelorMittal Defer CGL Construction at I/N Kote

05 December 2008 - Nippon Steel and ArcelorMittal will defer further construction on the new continuous galvanizing line at I/N Kote, based on the sudden downturn of the North American automotive market.

Baosteel Starts up First Corex Slag Vertical Milling Line in China

04 December 2008 - Baosteel puts the first Corex slag vertical mill and powder milling line into operation to process slags from its new Corex-C3000 smelting unit into admixture for high-performance concrete.

Timken Receives $16 Million Order from Indian Railways

03 December 2008 - Timken will supply its Timken AP Class E bearings for use on Indian Railways passenger and freight trains.

Peabody Energy Enters Sales Agreement for Interest in Australia Mine

03 December 2008 - Peabody Energy enters agreement to sell its 62.5% interest in the Baralaba Mine to Cockatoo Coal Limited.