World
All the latest headlines from all regions of the world outside the NAFTA market.
Latest News
SSAB to Substantially Increase Capacity for Quenched and Tempered Steels
25 August 2008 - SSAB announced a SEK 5.3-billion investment program to further develop the company’s production base in Sweden and the United States.
Sumitomo Metals and China Steel to Establish Steel Sheet JV in Vietnam
25 August 2008 - Sumitomo Metal Industries and China Steel Corp. conclude a joint-venture contract for the construction of a steel sheet mill in Vietnam.
Severstal Resources to Acquire PBS Coals
25 August 2008 - OAO Severstal has announced plans to acquire the business of PBS Coals Corp., a Somerset County, Pa., miner and processor of metallurgical and thermal coal with 133.5 million tonnes of in-place coal reserves and 228.3 million tonnes of in-place coal resources.
Corus Enters Negotiations for Sale of European Smelters
22 August 2008 - Corus has entered into exclusive negotiations with Klesch & Co. Limited for the sale of its aluminum smelters in the Netherlands and Germany.
Mechel Reports Progress on Development Program for Mechel Service OOO
22 August 2008 - Mechel OAO deploys production and service equipment at its Mechel Service OOO sales subsidiary branches within the scope of its ongoing development program.
Siemens to Supply Plate Mill, Upgrade Existing Line for Shougang Baoye
22 August 2008 - Siemens VAI Metals Technologies will supply a new 5-meter plate mill and modernize an existing rolling line for China's Shougang International Trade & Engineering Corp., Beijing.
Tata Steel Honored for Leadership in India
22 August 2008 - Tata Steel is presented with India’s “Think Odisha Leadership Award for Corporate Social Responsibility for 100 years of Service to the Nation” in recognition of its contribution to the industry and the nation’s economy.
ArcelorMittal Expands Iron Ore Investments in Brazil
21 August 2008 - ArcelorMittal will acquire 100% of the issued share capital of iron ore miner London Mining South America Limited for approximately US$764 million, and reaches agreement with Adriana Resources for development of an 80-20 iron ore port facility in the State of Rio de Janeiro, Brazil.
IISI Reports World Steel Production for July 2008
21 August 2008 - Figures released by the International Iron and Steel Institute show that world crude steel production for the 67 countries reporting stood at an estimated 117.2 million tonnes in July 2008 — 6.2% higher than for the same month of 2007, but 1.6% lower than the previous month, June 2008.
Rautaruukki to Invest Euro 12 Million in Steel Service Centers
20 August 2008 - Rautaruukki will invest a total of EUR 12 million to centralize steel service centre operations and reorganize the division of work between units.
Siemens VAI Modernize Coilers for Severstal Hot Rolling Mill
20 August 2008 - Siemens VAI Metal Technologies will modernize the coilers of OAO Severstal’s Tscherepowez hot rolling mill to enable coiling of high-strength steel, up to and including X100 tubular steels.
OneSteel Reports EBITDA of $767 Million for Fiscal 2008
20 August 2008 - OneSteel Limited reports $767 million EBITDA, excluding restructuring costs of $77 million and synergy benefits of $41 million associated with the integration of the Smorgon Steel businesses.
BlueScope Steel Announces Strong Full Year Results
20 August 2008 - BlueScope Steel reports Net Profit After Tax of $596 million and underlying earnings per share of $1.10 for FY08.
Salzgitter Reports Strong Results for First Half of 2008
19 August 2008 - The Salzgitter Group achieves strong results in the first half of the financial year 2008, based in part on persistently high, stable demand for rolled steel and tubular products.
New ArcelorMittal Ostrava Workers Don Orange Hardhats for Safety
19 August 2008 - ArcelorMittal Ostrava introduces a new safety measure that will allow quick and easy identification of new employees, who will be wearing orange helmets.
Mechel Launches Upgraded Medium-Section Mill at Targoviste Facility
19 August 2008 - Mechel OAO launches the upgraded medium-section mill at its Mechel Targoviste facility in Romania following the addition of two new mill stands and the execution of fundamental renovations.
Ruukki Metals Ends Service Center Employee Negotiations
18 August 2008 - Ruukki Metals concludes employer-employee negotiations related to the company’s efforts to streamline its steel service centers.
Bricmont to Supply Dual-Line Tunnel Reheat Furnace for Shanghai Meishan
18 August 2008 - Bricmont will supply a dual-line tunnel roller-hearth furnace for Shanghai Meishan Iron and Steel’s new thin-strip production line project in Nanjing, China.
Baosteel to Invest in Second Six-Color Metal Printing Line
18 August 2008 - Baosteel signs contract with ORG Canmaking Group and KBA Germany to install a new six-color metal printing line.
ArcelorMittal Ostrava Begins Overhaul of Blast Furnace No. 3
18 August 2008 - ArcelorMittal Ostrava initiates a complete overhaul of its Blast Furnace No. 3.
