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World

All the latest headlines from all regions of the world outside the NAFTA market.

Latest News

ArcelorMittal and Borusan to Build New Hot Strip Mill in Turkey

23 October 2007 - ArcelorMittal signs a Memorandum of Understanding with Borusan to form a 50/50 joint venture partnership to construct a new hot strip mill in Gemlik, Turkey.

Danieli to Construct New Flat Products Complex for MMK-Atakas

22 October 2007 - Danieli will be the sole supplier of technological equipment for a new flat products complex MMK-Atakaş is planning for Iskenderun, Turkey, including EAF-based meltshop and caster, high-capacity hot rolling mill, continuous pickling line, cold rolling mill, hot dip galvanizing, and coil coating facilities.

Siemens-Led Consortium to Build EAF-Based Steelworks for Liepajas Metalurgs

22 October 2007 - Liepajas Metalurgs awards contract to a consortium led by Siemens to build a turn-key integrated electric steel plant that will replace the facility’s existing open-hearth based steel production route.

Danieli to Supply Hot-Dip Galvanizing Line for Tezcan

19 October 2007 - Danieli Wean United will supply a 400,000 tonne/year hot-dip galvanizing line to Tezcan Galvanizli Yapi Elemanlari Sanayi Ve Ticaret AS, Turkey.

SMS Demag to Supply Arccess EAF for OMZ

19 October 2007 - SMS Demag will supply a 120-tonne Arccess electric arc furnace to be installed at OMZ’s Kolpino, St. Petersburg, facility.

ArcelorMittal Reports Latest Status of Share Buyback Program

19 October 2007 - ArcelorMittal has repurchased 1,120,000 shares under the new share buy-back program that was announced on September 13, 2007.

Nafta and Latin American Steel Associations Develop Work Program

19 October 2007 - Representatives of five major NAFTA steel associations met recently with representatives of the Latin American Iron and Steel Association to discuss trade and other policy issues of common concern.

Nucor Reports 3rd Quarter Results

19 October 2007 - Nucor reports consolidated net earnings of $381.2 million on consolidated net sales of $4.26 billion for the third quarter, and consolidated net earnings of $1.11 billion on consolidated net sales of $12.20 billion for the first nine months of 2007.

SMS Meer to Upgrade Vítkovice Tube Mill

18 October 2007 - SMS Meer will provide a sizing mill, rotary hearth furnace, and reheat furnace as part of VVT-Vítkovice Válcovna Trub’s existing 14-inch hot rolling mill.

Potential Strike Threatens Production at Outokumpu’s Tornio Works

18 October 2007 - In the process of collective bargaining, the Union of Salaried Employees has given notice for industrial action targeting seven Finnish metals-industry companies, including Outokumpu’s Tornio Works.

New Uddeholm Steel Grade Wins EPMA Award of Merit

17 October 2007 - Uddeholm Tooling AB’s new Uddeholm Vancron 40 wins this year’s European Powder Metallurgy Association Award of Merit in the category Equipment/Materials.

ArcelorMittal and Novaled Pursue Joint OLED Development

17 October 2007 - ArcelorMittal and Novaled join forces for a new Organic Light Emitting Diode project using ArcelorMittal’s steel plates as the substrate to achieve remarkable properties for bendable OLED applications.

General Steel Holdings Retains HC International

16 October 2007 - General Steel Holdings, one of China's leading non-state owned steel products producers, retains HC International to design and execute its investor relations campaign.

Danieli to Upgrade ANDEC Steelworks in Ecuador

16 October 2007 - Danieli Centro Met to supply a new 25-tonne ladle furnace and a fume dedusting plant for Acerias Nacionales del Equador’s steel works in Guayaquil, Equador.

Posco Starts Construction of Galvanized Sheet Plant n Mexico

16 October 2007 - Posco recently held a groundbreaking ceremony to celebrate the start of construction of a new galvanized steel sheet plant in Eastern Mexico that will produce 400,000 tons per year of high-end material for automotive applications.

ArcelorMittal Expands Presence in China

16 October 2007 - ArcelorMittal has acquired a 90% stake in Rongcheng Chengshan Steelcord, a privately owned steelcord wire drawing company based in China’s Shandong Province.

CVRD to Invest US$ 11 Billion in 2008

15 October 2007 - Companhia Vale do Rio Doce’s Board of Directors approves an investment budget of US$ 11.0 billion for 2008, representing the largest annual investment program ever undertaken by CVRD or by any mining company in the world.

ArcelorMittal Reports Status of Share Buyback Program

12 October 2007 - ArcelorMittal reports that it has repurchased 721,000 shares under the new share buy-back program that was announced on September 13, 2007.

IISI Reveals Short-Range World Steel Outlook for 2007, 2008

12 October 2007 - The International Iron and Steel Institute releases world steel production forecasts for 2007 and 2008 during its recent 41st Annual Conference of IISI Members in Berlin.

AIS Implements BetaPlanner for New voestalpine Stahl Reheat Furnace

11 October 2007 - AIS successfully completed its implementation of the SteelPlanner reheat furnace optimization module for voestalpine Stahl’s new reheat furnace project in Linz, Austria.

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