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World
All the latest headlines from all regions of the world outside the NAFTA market.
Latest News
Worthington to Sell Interest in European Steel Processing Venture
03 November 2008 - Worthington Steel agrees to sell its 49% equity interest in Canessa Worthington Slovakia to its joint venture partner, The CLN Group.
Siemens VAI to Supply 2nd Hot Coil Handling System to ISD Dunaferr
30 October 2008 - Siemens VAI Metals Technologies will install another hot coil handling system at ISD Dunaferr’s hot-rolling mill at Dunaújváros, Hungary.
Minmetals to Construct Rail and Structural Steel Mill for Mechel
30 October 2008 - Mechel OAO signs contract with China-based Minmetals to construct a rail and structural steel mill at its Chelyabinsk Metallurgical Plant OAO subsidiary.
Tata Steel Recognized with Fifth MAKE Asia Award
28 October 2008 - Tata Steel wins the Asian Most Admired Knowledge Enterprise "MAKE Asia" award for 2008, from among sixteen candidates nominated this year.
Posco to Acquire Stake in Brazilian Iron Ore Mine
28 October 2008 - Posco will invest $554.4 million as part of a consortium formed to acquire a 40% total stake in NAMISA, a subsidiary of Companhia Siderurgica Nacional, Brazil.
Mechel Establishes East-European Steel Division
28 October 2008 - Mechel OAO establishes its East-European Steel Division to streamline operations of its four Romanian subsidiaries.
Siemens to Upgrade Automation for Hyundai Steel Compact Strip Mill
28 October 2008 - Siemens Metals Technologies will equip parts of Hyundai Steel’s compact hot strip mill in Dangjin with new automation.
SMS Demag Commissions X-Cast Slab Caster at Amurmetal
27 October 2008 - SMS Demag puts an X-Cast single-strand continuous slab caster into operation for Amurmetal, Komsomolsk-on-Amur, Russia.
SAIL Okays Two More Processing Units, One Industrial Training Unit
23 October 2008 - The Steel Authority of India Limited Board grants approval in principle for the installation of two more steel processing units plus an Industrial Training Institute at Samastipur in Bihar to help with local skill development.
World Steel Association Reports Steel Production for September 2008
23 October 2008 - Figures released by the World Steel Association show that world crude steel production for the 67 countries reporting stood at an estimated 108.4 million tonnes in September 2008 — 3.2% lower than for the same month of 2007, and 3.7% lower than the previous month, August 2008.
Siemens to Provide Heavy Plate Mill for Hunan Valin’s Xiangtan Facility
22 October 2008 - Hunan Valin Xiangtan Iron & Steel commissions Siemens VAI to engineer and supply equipment for a new five-meter plate rolling mill for its Xiangtan facility.
Rautaruukki Continues Eastward Expansion with New Belarus Office
21 October 2008 - Rautaruukki continues its eastward expansion with the opening of its first sales office in Belarus, a further step in its strategic intent to become the industry leader in steel construction in Europe.
Siemens VAI to Deliver Coil Handling Extension for Celsa Atlantic
21 October 2008 - Siemens VAI awarded a contract for a second compactor and coil-handling extension for Celsa Atlantic’s bar mill in La Coruña, Spain.
Steel Partnership Inches Closer to Namisa Acquisition
21 October 2008 - Companhia Siderúrgica Nacional establishes strategic partnership with a consortium of Asian steelmakers that would acquire 40% of the total capital of CSN subsidiary Nacional Minérios SA for the aggregate amount of approximately US$ 3.12 billion.
Tenova to Supply Four Furnaces for Vallourec & Sumitomo Tubos do Brasil’s New Pipe Mill
20 October 2008 - Tenova Italimpianti Deutschland will provide engineering, fabrication, and supervision of erection and commissioning for four reheat furnaces to be installed in Vallourec & Sumitomo Tubos do Brasil’s new pipe mill in Minas de Gerais, Belo Horizonte, Brazil.
NLMK Starts Maintenance Work on Lipetsk Blast Furnace
20 October 2008 - NLMK starts maintenance work on the 1.3 million tonnes/year Blast Furnace No. 3 at its main production site in Lipetsk.
voestalpine Postpones Decision on New Black Sea Steel Plant
20 October 2008 - Ongoing difficulties in the financial markets prompt the voestalpine Group to postpone its decision on a new greenfeld flat products steel plant it had been evaluating in the Black Sea region.
Corus Cuts Production by 20%, Signs 5-Year Supply Contract with Vale
20 October 2008 - Tata Steel Group’s Corus subsidiary will reduce its crude steel production by up to 20% over the next three months in an attempt to mitigate the effects of the softening near-term demand outlook.
Tube City IMS, Sinosteel Sign Strategic Cooperation Agreement
17 October 2008 - Tube City IMS signs strategic cooperation agreement with Sinosteel Corp. of Beijing, China.
Siemens VAI Upgrades Wuhan Rod Mill
17 October 2008 - Siemens VAI successfully upgrades a twin-strand rod mill for Wuhan Iron & Steel with the addition of Morgan’s Reducing Sizing Mill to each strand for single-family rolling throughout the mill.
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