Steel News

SMS Demag to Provide 4th Continuous Caster for Salzgitter Flachstahl

02 June 2008 - SMS Demag will supply a bow-type X-Cast slab caster to Salzgitter Flachstahl that is capable of 1100 to 2600 mm wide slabs at thicknesses of 250 and 350 mm.

Parsytec to Provide Surface Inspection for SSAB Tunnplåt Slitting Line

30 May 2008 - ISRA Vision Parsytec AG will provide a surface inspection system for SSAB’s slitting line at their site in Tunnplåt, Sweden.

BlueScope Steel Plans Blast Furnace Reline at Port Kembla

30 May 2008 - BlueScope Steel receives formal approval for its planned $370 million reline of Blast Furnace No. 5 at its Port Kembla Steelworks.

ArcelorMittal Makes Donation for Victims of Myanmar Cyclone

30 May 2008 - ArcelorMittal is donating 100,000 euro to the Save the Children NGO to help the victims of the Myanmar disaster.

Venezuelan Tax Authorities Initiate Assessment against Sidor

29 May 2008 - Venezuelan tax authorities initiate a tax assessment against Sidor’s income taxes for fiscal years 2003, 2004, 2005, 2006, and 2007 regarding allegedly omitted payments totaling Venezuelan bolívares 1,438.6 million.

GM Honors Posco with Global Supplier of the Year Award

28 May 2008 - Posco recently received the General Motors 2007 Global Supplier of the year Award, one of only three steel corporations to receive this award for 2007.

Severstal to Invest in West African Iron Ore Deposit

28 May 2008 - OAO Severstal will purchase up to a 61.5% stake in African Iron Ore Group, which owns, through subsidiaries, the exploration rights for an iron ore deposit in the Putu Range area, in Western Africa.

ArcelorMittal South Africa Restarts Upgraded Rod Mill in Mozambique

28 May 2008 - ArcelorMittal South Africa restarts its recently refurbished rod mill in Mozambique, one of two mills the company acquired from the Mozambican government in 2006 for US$11.4 million.

Mechel Commissions Forging Equipment at Urals Stampings Plant

28 May 2008 - Mechel OAO commissions a new modern ring rolling mill, provided by SMS Meer, that will produce weldless straight and section rings by radial-axial rolling.

Toyota Accepts Significant Steel Price Hikes

28 May 2008 - Toyota Motor has accepted steel price hikes of slightly below 30,000 yen per ton in negotiations with major steelmakers, according to a release published on Japan’s JCN Network.

TKS Says EU Plans Threaten Competitiveness of German Steel Production

28 May 2008 - According to ThyssenKrupp, the EU’s plans for the CO2 emissions trading system are jeopardizing competitiveness of German steel production.

IISI Reports World Steel Production for April 2008

23 May 2008 - World crude steel production for the 67 countries reporting to IISI stood at an estimated 116.4 million tonnes in April 2008 — 5.6% higher than for the same month of 2007, but 2.7% lower than the previous month, March 2008.

ArcelorMittal Completes Consent Solicitation

23 May 2008 - ArcelorMittal announces the successful completion of its consent solicitation for several proposed amendments by its indirect wholly owned subsidiary, ArcelorMittal Financial Services LLC.

ISSF Projects Recovery in Stainless Production in 2008

22 May 2008 - The International Stainless Steel Forum is expecting stainless steel crude steel production to recover in 2008 following the 2.6% fall in production during 2007.

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.