Steel News

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.

Siemens VAI Starts up Slab Caster with LiquiRob Robot for Cosipa

02 December 2008 - Siemens VAI recently started up a new slab caster equipped with the LiquiRob robot system as well as thickness-on-demand capability for the Brazilian flat-steel producer Companhia Siderúrgica Paulista (Cosipa).

Outokumpu Averts Temporary Layoffs at Tornio

02 December 2008 - ABSTRACT: Outokumpu agrees with employees on a solution that avoids proposed full or part-time temporary layoffs at the Tornio plant that had been prompted by low order load.

Ruukki to Adjust Steel Production, Boost Efficiency

02 December 2008 - ABSTRACT: Rautaruukki plans a range of actions to bring steel production and other operations in line with weakened demand and stock levels, including the initiation of employer-employee negotiations about possible lay-offs, redundancies and part-time working schedules.

Essar Steel and Kobe Steel Sign Umbrella Agreement

02 December 2008 - ABSTRACT: Essar Steel signs umbrella agreement with Kobe Steel that will cover a range of steel quality and production control technologies for Essar, as well as the supply of slabs and other raw materials to Kobe Steel.

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.