.jpg?lang=en-US&ext=.jpg)
World
All the latest headlines from all regions of the world outside the NAFTA market.
Latest News
Ruukki Service Center Fire Not Expected to Result in Delivery Delays
06 January 2009 - Rautaruukki does not expect the recent fire at its Hyvinkää, Finland, steel service centre to cause any significant disruptions to deliveries.
Posco CEO Selected as Korean CEO of the Year
05 January 2009 - Korea’s Hankyung Business Weekly names Posco CEO Ku-Taek Lee as CEO of the Year based on the evaluation of factors including financial achievement, stakeholder treatment, leadership and business ethics.
Baosteel and Haier to Continue Strategic Cooperation
05 January 2009 - Baosteel enters a new round of strategic cooperation with household appliance magnate Haier Group, the fourth-largest white goods manufacturer in the world.
Posco CEO Selected as Korean CEO of the Year
05 January 2009 - Korea’s Hankyung Business Weekly names Posco CEO Ku-Taek Lee as CEO of the Year based on the evaluation of factors including financial achievement, stakeholder treatment, leadership and business ethics.
Baosteel and Haier to Continue Strategic Cooperation
05 January 2009 - Baosteel enters a new round of strategic cooperation with household appliance magnate Haier Group, the fourth-largest white goods manufacturer in the world.
Rautaruukki Acquisition of Gensina Approved
31 December 2008 - Rautaruukki receives approval of its acquisition of the entire share capital of Gensina, a Lithuanian steel frame company.
China Steel Corp. Board Maps Out Near-Term Investments
31 December 2008 - China Steel Corp.’s Board of Directors announces plans to set up its No. 8 Vacuum Degasser and to subscribe for shares of Dragon Steel Corp. and Chung Hung Steel.
Rautaruukki Acquisition of Gensina Approved
31 December 2008 - Rautaruukki receives approval of its acquisition of the entire share capital of Gensina, a Lithuanian steel frame company.
China Steel Corp. Board Maps Out Near-Term Investments
31 December 2008 - China Steel Corp.’s Board of Directors announces plans to set up its No. 8 Vacuum Degasser and to subscribe for shares of Dragon Steel Corp. and Chung Hung Steel.
MMK Signs Credit Facility Agreement with Sberbank
31 December 2008 - Savings Bank of the Russian Federation and OAO Magnitogorsk Iron & Steel Works enter nonrenewable 2-year credit facility for RUB 3.0bn to finance construction of MMK’s Plate Mill 5000 complex.
Asian Steel Consortium Closes Acquisition of 40% Stake in CSN’s Namisa Subsidiary
31 December 2008 - The Asian consortium Big Jump Energy Participacoes — Itochu, JFE Steel, Nippon Steel, Sumitomo Metal Industries, Kobe Steel, Nisshin Steel, and Posco — closes its acquisition of a 40% stake in CSN mining subsidiary Nacional Minerios SA.
Baosteel Builds China’s First On-line Tendering Platform
30 December 2008 - Baohua Tendering, a unit of Baosteel Group, has successfully developed and put into operation the first total process on-line tendering platform in China.
Tata Steel Invited to Join Bidding Process for Mines in Liberia
29 December 2008 - Tata Steel is invited by the Ministry of Justice for the Republic of Liberia join the bidding process for the Western Cluster iron ore project in Liberia, following the dismissal of previous claims impropriety from the media.
Hertwich Engineering to Provide Continuous Homogenizing and Sawing Plant for EMAL
29 December 2008 - Hertwich Engineering, a company of the SMS group, will supply and commission a continuous homogenizing and sawing plant for Emirates Aluminum of UAE.
Sumitomo Metals Demonstrates Superior Corrosion Resistance for Tanker Applications
29 December 2008 - Sumitomo Metal Industries completes an extended corrosion-resistance trial of its SMICORE steel plate in an actual vessel, proving that SMICORE has higher corrosion resistance than conventional steel in the severe corrosion environments of both upper decks and bottoms.
Suzuki Metals to Acquire Valve Spring Wire Manufacturer Haldex Garphyttan
29 December 2008 - Nippon Steel Group’s Suzuki Metal Industry enters into a definitive agreement with Haldex AB for the acquisition of the Sweden-based Haldex subsidiary Haldex Garphyttan AB, a leading manufacturer of valve spring wire.
Siemag to Supply Automated Coil System for Qinghai Ping An Aluminum
24 December 2008 - Qinghai Ping An Aluminium places an order with Siemag for a coil conveying and storage system for its new aluminum flat-material production plant at Xining in western China.
Sandvik Materials Technology Adjusts Alloy Surcharge for Seamless Tube
24 December 2008 - Sandvik Materials Technology will reduce the time lag on its alloy surcharge model for seamless tubular products to allow it to more closely reflect current market pricing trends.
Siemag to Provide Slab Grinding Machine for Outokumpu Stainless Oy
23 December 2008 - Outokumpu Stainless Oy, Tornio, places order with Siemag for a grinding machine designed to grind slabs at temperatures of up to 800°C.
World Steel Production Continues to Fall in October 2008
22 December 2008 - Figures released by the World Steel Association International show that world crude steel production for the 67 countries reporting stood at an estimated 100.5 million tonnes in October 2008 — 12.4% lower than for the same month of 2007, and 6.9% lower than the previous month, September 2008.
.png?lang=en-US&ext=.png)
