World
All the latest headlines from all regions of the world outside the NAFTA market.
Latest News
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.
Siemens VAI to Supply Reversing Intermediate Mill for Acciaierie Venete
15 August 2008 - Siemens VAI Metals Technologies will supply the mechanical equipment for a new reversing intermediate mill at Acciaierie Venete’s factory in Mura, Italy.
Vale to Invest in Brazilian Steel Mill
15 August 2008 - Companhia Vale do Rio Doce announces its intention to build a 2.5 million tonnes/year steel plant in Brazil.
Siemens to Supply Ultra-Thick Slab Caster for Shougang Qinhuangdao Works
14 August 2008 - Siemens VAI Metals Technologies will supply a continuous slab caster to Shougang Group that is capable of casting slabs that are 250 to 400 millimeters thick.
Valin and ArcelorMittal to Form Electrical Steel Joint Venture
14 August 2008 - Hunan Valin Steel Group and ArcelorMittal sign joint venture agreement for the production and sales of 600,000 tonnes/year of grain-oriented and non-grain-oriented silicon electrical steel.
Vietnam Steel, Vicem and Tata Steel to Build 4.5-Million TPY Steel Complex
14 August 2008 - Vietnam Steel, Vietnam Cement Industries, and Tata Steel sign joint venture agreement for a proposed 4.5-million tonnes/year steel complex in Vietnam.
Novolipetsk Steel to Acquire JMC for $3.53 Billion
14 August 2008 - Russian steel producer Novolipetsk Steel signs definitive agreement to acquire U.S. steel pipe and tube manufacturer John Maneely Co. for US$3.53 billion on a debt-free, cash-free basis.
Outotec to Supply Large Iron Ore Pelletizing Plant for Tata Steel
13 August 2008 - Tata Steel contracts Outotec to supply a new iron ore pelletizing plant for its steel works in Jamshedpur.
