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World

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

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ArcelorMittal to Acquire MT Majdalani

12 December 2007 - ArcelorMittal announces its acquisition of M.T. Majdalani Y Cia. SA, Argentina’s leading stainless steel service center and distributor.

Global Industry Group Announces Future Steel Vehicle Research Program

12 December 2007 - The International Iron and Steel Institute's automotive group, WorldAutoSteel, announces the Future Steel Vehicle project during the United Nations Framework Convention on Climate Change conference in Bali.

Posco Restarts 3rd Gwangyang Blast Furnace

11 December 2007 - Posco restarted the 3rd blast furnace at Gwangyang Works following a successful 55-day repair campaign.

ArcelorMittal to Increase Long Products Prices in Middle East, Mediterranean

11 December 2007 - Strong demand and rising raw material and billet costs have prompted ArcelorMittal to announce an additional $30/ton price increase for long steel products out of the Black Sea for Turkey, Mediterranean, Middle East, and North African (MENA) destinations.

ArcelorMittal Acquires Leading U.K. Steel Distributor

10 December 2007 - ArcelorMittal announces the acquisition of NSD Limited, a leading steel distribution company specializing in sales of heavy sections and tubes based in Scunthorpe, North Lincolnshire, U.K.

ArcelorMittal Enters Cooperative Agreement with China Oriental Group

10 December 2007 - ArcelorMittal enters into a Business Cooperation Agreement with China Oriental Group and its subsidiaries regarding shareholdings and management of the company.

Cash Tender Offer to Secure ArcelorMittal’s Position in Brazil

07 December 2007 - ArcelorMittal announces its intention to launch a de-listing cash offer to acquire the 43% outstanding shares in ArcelorMittal Inox Brasil SA that it does not yet own at a price of 100 Brazilian reals per share.

Danieli to Provide Wire Rod and Bar-in-Coil Mill for Walcownia Ostrowiec

07 December 2007 - Danieli will supply a new 400,000-tonnes/year high-speed wire rod and bar-in-coil mill for Walcownia Ostrowiec, a newly-formed company within the Interspeed Group.

ArcelorMittal Stocking up on Ferroalloys

07 December 2007 - ArcelorMittal’s agreement to acquire the assets of Central European ferroalloys manufacturer OFZ follows ArcelorMittal’s recent announcement of its entry into a 50/50 joint venture greenfield manganese project with South Africa’s Kalagadi Manganese.

Siemens to Assume Maintenance Responsibility for New TKS Plant in Brazil

06 December 2007 - Siemens Metals Technologies will take over complete responsibility for electrical and mechanical maintenance of all steel production equipment and machinery at ThyssenKrupp CSA Companhia Siderùrgica’s new 5-million-tonnes/year new integrated iron and steelworks in Brazil.

Cisco’s TelePresence to Enhance Posco’s Business Communications

05 December 2007 - Cisco’s TelePresence solution, which combines advanced technology and interactive environmental elements, will allow Posco to conduct unique ‘in-person’ meetings between people at its Seoul office and its branches in Pohang and Gwangyang.

ArcelorMittal Chairman to Step Down

05 December 2007 - ArcelorMittal’s Chairman, Joseph Kinsch will step down as Chairman of the Board of Directors at the company’s next General Meeting in May 2008.

Danieli to Supply Three FastCast Casters to Vizag Steel

04 December 2007 - Rashtriya Ispat Nigam contracts Danieli to supply three new FastCast™ Casters to produce up to 2.4 million tonnes/year of square billets and 0.33 million tonnse/year of round sections at their Visakhapatnam Steel Plant integrated steel plant in India.

Concast, SMS Meer to Provide Minimill for South Steel

04 December 2007 - South Steel-Pan Kingdom Invest. Co., Kingdom of Saudi Arabia, contracts Concast and SMS Meer to plan, engineer, and supply plant and equipment for a new minimill, including a flexible-charge EAF, continuous billet caster, and automated rebar rolling mill.

Siemens to Modernize Hot Rolling Equipment for two European Producers

04 December 2007 - Siemens will renew the drive systems in Rautaruukki Oyj’s hot strip mill at Raahe Works in Finland, and will also upgrade the roughing mill of Severstal’s hot rolling mill in Cherepovets.

ArcelorMittal to Sell 50% Interest in Metal Cord Producer Trefilarbed Rus

04 December 2007 - ArcelorMittal and Severstal-metiz agree on the sale of ArcelorMittal Wire Solutions’ 50% stake in steelcord producer TrefilArbed Rus to Severstal-metiz.

ArcelorMittal to Double Capacity of Monlevade Plant in Brazil

03 December 2007 - ArcelorMittal will double the capacity of its integrated long-products Monlevade Plant located in Brazil with the addition of a second blast furnace.

Siemens to Provide Two Billet and One Beam-Blank Caster for Steel Authority of India

03 December 2007 - Steel Authority of India Limited (SAIL) awards a major contract to Siemens Metals Technologies for two new 6-strand billet casters and one new 4-strand bloom/beam-blank combi-caster.

Danieli to Modernize Third Caster for Sollac Atlantique Facility in Dunkerque

03 December 2007 - Danieli will convert twin-strand caster CC21 to a vertical-curved design as part of the third and final stage of the complete rebuild of slab casting facilities at ArcelorMittal’s facility in Dunkerque, France.

Danieli Davy Distington to Supply Slab Caster for Baosteel Group

30 November 2007 - Baosteel’s Pudhong Iron & Steel has awarded a contract for a new 1.5 million tonne/year slab caster from Danieli Davy Distington.

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