Steel News

SMS Meer Acquires Schumag Machinery Segment

25 November 2008 - SMS Meer takes over the Machinery Segment of Schumag AG of Aachen, Germany.

Siemens to Supply Power Distribution Equipment for SAIL Expansion at Bokaro

25 November 2008 - Siemens Ltd. India’s Industry Solutions Division will supply power distribution equipment for SAIL’s Bokaro steelworks, which is currently undergoing a major expansion with the addition of a new meltshop and cold mill.

Harsco to Explore Joint Venture with China’s Largest Stainless Producer

25 November 2008 - Harsco signs a Letter of Intent with Shanxi Taigang Stainless Steel, China’s largest stainless steel producer, to develop a new working relationship for the treatment and utilization of stainless and carbon steel slag.

SAIL to Set Up Steel Processing Unit at Lakhimpur Kheri

25 November 2008 - SAIL is planning to set up an additional Steel Processing Unit at Village Behjam, in the District Lakhimpur Kheri in Uttar Pradesh.

Tata Steel Group Endows Metallurgical Professorship

25 November 2008 - Tata Steel will endow a Professorship of Metallurgy at the University of Cambridge, with Dr. Harry Bhadeshia to be inaugurated this week as the first Tata Steel Professor of Metallurgy.

ArcelorMittal Completes Registration of Exchange Offer

17 November 2008 - ArcelorMittal announces the closing of its offer to exchange outstanding 5.375% Notes due 2013 and 6.125% Notes due 2018 for equal principal amounts of 5.375% Notes due 2013 and 6.125% Notes due 2018 that have been registered under the U.S. Securities Act of 1933 as amended.

NLMK to Idle Two Blast Furnaces

17 November 2008 - Novolipetsk Steel announces plans to idle its Blast Furnaces No. 2 and 4, which represent a combined total capacity of approximately 2.5 million tonnes of pig iron.

Outotec Research Center Recognized at Excellence Finland Quality Awards

17 November 2008 - Outotec Research Oy takes part in the Finnish Excellence Quality Awards and receives the prestigious award, ‘Recognised for Excellence’.

Siemens to Supply Drive Systems for Corus Ijmuiden Hot Strip Mill

17 November 2008 - Siemens Nederland NV will supply new drive technology for Corus Strip Products Ijmuiden’s existing Hot Strip Mill No. 2.

NLMK Terminates Agreement to Purchase John Maneely Company

17 November 2008 - Novolipetsk Steel terminates its agreement to buy DBO Holdings, the corporate parent of John Maneely Co., from The Carlyle Group.

Mechel Subsidiary to Supply Rails to Russian Railways OAO

14 November 2008 - Mechel OAO subsidiary Chelyabinsk Metallurgical Plant OAO signs contract with Russian Railways OAO for the supply of rail products from 2010 to 2030.

China Opportunity to Merge with Specialty Steelmaker Golden Green Enterprises

14 November 2008 - China Opportunity Acquisition enters into definitive agreement with Golden Green Enterprises Limited under which the companies will merge, with Golden Green Enterprises being the surviving entity.

Tenaris Unions Sign Workers Unity Accord

13 November 2008 - Unions representing Tenaris workers in Canada, Argentina, Italy, Romania and Brazil sign a new unity accord targeting increased bargaining power for its workers.

Baosteel to Supply Steel Wire for World’s Largest-Span Suspension Bridge

13 November 2008 - Baosteel wins its bid to supply galvanized steel wire to the Jiangsu Taizhou Yangtze River Road suspension bridge, which is to have the largest span in the world.

JSW Steel Logs 5% Growth in Crude Steel for October

13 November 2008 - JSW Steel Limited posts 5% growth in crude steel production in October 2008 as compared to the corresponding period in 2007.

Rio Tinto Revises Iron Ore Shipments Guidance

12 November 2008 - Rio Tinto is revising its estimate of iron ore shipments from the Pilbara region of Western Australia to between 170 and 175 million tonnes in 2008.

Rautaruukki Divests Color-Coating Line in Sweden

12 November 2008 - Rautaruukki sells its color-coating line in Gävle, Sweden to Trelleborg Rubore AB, also of Sweden.

SSAB Appoints Chief Financial Officer

11 November 2008 - SSAB announces the appointment of Marco Wirén as its new Chief Financial Officer.

Sumitomo Completes Acquisition of Norton Manufacturing Company

11 November 2008 - Sumitomo Metal Industries and Sumitomo complete their acquisition of Norton Manufacturing and start operation of the newly established SMI Crankshaft LLC.

Weak Stainless Market Drives Outokumpu Production Cuts

11 November 2008 - Low order loads are prompting Outokumpu to initiate statutory negotiations on temporary layoffs at its Tornio plant in Finland.