Steel News

SMS Group Donation to Help Quake Victims in China

22 May 2008 - SMS group donates EUR 100,000 to the Red Cross Society of China to help the earthquake victims in the Sichuan Province in central China.

Outokumpu to Expand Stainless Long Products Production in Sheffield

22 May 2008 - As part of Outokumpu’s strategy to increase its share of special products, and sales, the company announces an investment in long products finishing facilities in Sheffield, in the U.K.

ArcelorMittal Acquires 14.9% Share in Macarthur Coal

22 May 2008 - ArcelorMittal acquires a 14.9% stake (31,611,354 shares) in Macarthur Coal Limited, an Australian producer of low-volatile pulverized coal injection coal.

Nippon Steel President Expresses Hope for Building Steel Plant in Thailand

21 May 2008 - In a published statement, Nippon Steel President Shoji Muneoka expresses “strong hopes of building a steel plant in Thailand.”

ArcelorMittal Makes Donation for Victims of Sichuan Earthquake

21 May 2008 - ArcelorMittal China and its employees as well as the ArcelorMittal Foundation together contribute over 1 million RMB to the Chinese Red Cross Foundation to help the relief efforts in China following the earthquake that struck Sichuan on Monday, May 12.

SMS Demag to Supply Two 20-Roll Cold Mills for Benxi

20 May 2008 - SMS Demag will design and manufacture two new 20-roll cold rolling mills with X-roll technology for Benxi Iron & Steel (Group) Co.

General Moly Signs Off-Take Agreement with SeAH Besteel

16 May 2008 - General Moly announces the signing of an off-take agreement with SeAH Besteel Corp., Korea’s largest manufacturer of specialty steels.

SMS Demag Consortium to Modernize Krakatau Steel Hot Strip Mill

16 May 2008 - PTKS, Indonesia, has placed an order with SMS Demag and its consortium partners to modernize the company’s hot strip mill in Cilegon, West Java.

Toyota Expected to Agree to Steel Price Hike

16 May 2008 - A report published on JCN Network said that Toyota Motor Corp. is expected to agree to a steel sheet price hike exceeding 20,000 yen per ton in negotiations with Nippon Steel Corp.

Metso to Supply Iron Ore Induration Machine to Essar Steel

15 May 2008 - Metso Minerals will supply an iron ore induration machine to Essar Group’s Global Supplies Ltd.

ArcelorMittal to Increase Flat Carbon Prices for Third Quarter

15 May 2008 - ArcelorMittal initiates a price increase for its flat carbon products in Europe that will bring the base price level for hot band to 720 €/tonne, with corresponding increases for cold rolled and coated flat product prices.

Nucor to form Joint Venture with Sidenor

15 May 2008 - Nucor signs MoU with Sidenor regarding a new joint venture for the production and distribution of long steel products and plate in the Balkans, Turkey, Cyprus, and North Africa.

Nucor Moves Forward on Italian Beams Venture with Duferco

14 May 2008 - Nucor enters agreement to acquire 50% of its Duferdofin-Nucor Srl beam production and distribution joint venture with Duferco, for euro 423.5 million.

ArcelorMittal Announces Changes to Management Committee

14 May 2008 - ArcelorMittal announces a number of changes to its Management Committee, including the retirement of Chairman Joseph Kinsch, and the assumption of his role by CEO Lakshmi Mittal.

Siemens to Supply Equipment, Drives, Automation for Posco Process Lines

13 May 2008 - Siemens Metals Technologies will supply special equipment, drives and the automation system for a cold-strip annealing, pickling and finishing line at Posco’s Pohang plant.

Siemens to Equip New Process Line for BlueScope Indonesia

12 May 2008 - Siemens Metals Technologies will equip a new integrated zinc-coating and painting line at PT BlueScope Steel’s Cilegon site, the only production facility in Indonesia that produces coated and painted steel products.

BlueScope Steel Confirms Stronger Outlook in Second Half of 2008

12 May 2008 - BlueScope Steel confirms that it remains on target for a stronger second half, and advises the market of changes to its external reporting business segments.

Corus IJmuiden Launches New Zinc-Based Hot-Dip Coating

12 May 2008 - International steel producer Corus is to launch a new hot-dip zinc-based metallic coating with superior corrosion properties and the potential to significantly decrease coating thickness.

Siemens Modernizes Coke-Oven By-Product Plant for Isdemir

09 May 2008 - Siemens Metals Technologies completes the expansion and modernization of a coke-oven by-product plant for Turkish steel producer Isdemir.

JFE Steel to Boost Coal Output in Australia

08 May 2008 - JFE Steel and JFE Shoji Trade have agreed with their joint venture partners to significantly expand production at the Carborough Downs coal mine in Queensland, Australia.