Steel News

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.

Tata’s Managing Director Honored by Indian Society for Quality

22 December 2008 - The Indian Society for Quality confers its Jamsetji Tata award on B Muthuraman, Managing Director of Tata Steel, for the year 2008.

Revised Emissions Trading Directive to Affect Ruukki Beyond 2013

19 December 2008 - Ruukki’s emissions allowances for steel production will be affected beyond 2013 by recent amendments to the European Union's Emissions Trading Directive.

voestalpine Abandons Efforts to Secure Land in Romania

19 December 2008 - voestalpine Group defers indefinitely its decision on a possible location of a new greenfield steel plant in the Black Sea region, bringing to a halt all efforts to secure property at a potential location in Romania.

World Stainless Production Logs One Last Hurrah for 2008

19 December 2008 - Worldwide production of crude stainless steel reached 6.3 million tonnes in the third quarter of 2008, an increase of 6.8% as compared to the same quarter in 2007, according to the International Stainless Steel Forum.

Mechel OAO Announces New Appointments

18 December 2008 - Mechel OAO announces a number of new executive appointments, including Vladimir Polin, who will now serve as Senior Vice President of Mechel OAO.

Second Danieli Superflexible Bar and Rod Mill in Operation at Kroman Çelik

17 December 2008 - Kroman Çelik completes startup of its new Danieli superflexible bar and rod mill, with the commissioning of its high-speed wire rod line.

Baosteel Produces Top Grade Silicon Steels Through PL-TCM

17 December 2008 - Baosteel is successfully producing top grade non-oriented silicon steel through its 1550-mm Pickling Line-Tandem Cold Mill.

ArcelorMittal Responds to French Competition Council Announcement

17 December 2008 - ArcelorMittal responds to the French Competition Authority’s imposition of a €301.78 million fine on the company’s French subsidiaries that are active in steel distribution.

SMS Demag and IMS Messsysteme Found SURCON GmbH

17 December 2008 - SMS Demag and IMS Messsysteme form a joint venture, SURCON GmbH, which will develop, produce and market slab inspection systems based on 3D and 2D measuring methods.

ArcelorMittal, European Works Council to Strengthen Dialogue

17 December 2008 - ArcelorMittal’s Group Management Board and the Secretariat of the European Works Council agree to strengthen the social dialogue regarding the company’s SG&A Voluntary Separation programs and other local productivity plans.

Evraz Signs $800 Million Loan with Vnesheconombank

16 December 2008 - Evraz Group signs a US$800 million loan with Russia's State Corporation Bank for Development and Foreign Economic Affairs.

SMS Demag to Supply X-Cast Slab Caster for Rourkela Steel

16 December 2008 - SMS Demag will supply an X-Cast slab caster for Rourkela Steel Plant’s Rourkela facility, located in the state of Orissa.

Danieli Wean United to Provide New Skinpass Facility for Usiminas Cosipa

16 December 2008 - Danieli Wean United will supply a new Danieli skinpass mill and coil dividing line for Usiminas Cosipa’s No. 2 Hot Strip Mill Plant in Cubatão, São Paulo.

ArcelorMittal Reduces Stake in Dillinger Hütte

16 December 2008 - ArcelorMittal will sell off a portion of its shares in Dillinger Hütte, reducing its economic and voting interest in the company from 51.25% to 33.4%.