Steel News

SAIL Steps up Availability of Steel in Domestic Market

10 July 2008 - Steel Authority of India Limited reports that it achieved its best-ever first-quarter (April to June 2008) performance in many areas while maintaining its focus on production to meet the growing demand for steel in the domestic market.

Usiminas Updates Investment Plan

10 July 2008 - Usiminas is revising its capital investment plans to incorporate the construction of a third mill with a slab production capacity of 5 million tonnes/year at Santana do Paraíso in the vicinity of Ipatinga Works.

Sumitomo Metals Expands Capacity for High-End Seamless Pipe Products

10 July 2008 - Sumitomo Metal Industries completes expansion work to add production capacity for high-end seamless pipes, at Steel Tube Works in Amagasaki and Wakayama Steel Works, both part of Sumitomo Metals’ Pipe & Tube Co.

ArcelorMittal Publishes New Corporate Responsibility Report

10 July 2008 - ArcelorMittal announces the publication of ‘Taking Responsibility for Transforming Tomorrow,’ its inaugural corporate responsibility report for the year ending 2007.

Danieli to Supply Technology, Equipment for new Mechel Rail and Structural Mill

09 July 2008 - Danieli will supply technology and equipment to construct a 1.1 million tonne/year rail and medium structural mill at Mechel’s Chelyabinsk Metallurgical Plant OAO subsidiary.

Nucor Completes Acquisition of 50% Stake in Duferdofin

09 July 2008 - Nucor completes its previously announced acquisition of 50% of the stock of Duferdofin–Nucor Srl for a purchase price of euro 423.5 million, or approximately $658 million.

Outokumpu to Supply Quality Yield Management Software for Avesta

08 July 2008 - ISRA Vision Parsytec will provide a new surface inspection system and a parsytec 5i site license for stainless steel producer Outokumpu.

PSI to Supply Manufacturing System for Villares Metals SA

08 July 2008 - PSI will supply its PSImetals manufacturing execution system to Villares Metals SA for its plant in Sumaré.

Danieli to Supply SBQ Rolling Mill for Shougang Baoye

08 July 2008 - Danieli will supply Shougang Baoye with a new high-capacity rolling mill capable of producing 1.0 million tonnes/year of large-size SBQ bars.

NLMK to Add New Power Plant at Lipetsk

08 July 2008 - NLMK signs contract for a new 150-MW power plant at its main production site in Lipetsk.

Arcelor Mittal Grants Final Approval for Tenova Walking Beam Furnace

07 July 2008 - ArcelorMittal grants final acceptance to Tenova LOI Italimpianti Genoa for the 450 tonne/hour walking beam furnace at the new MSPKK Hot Strip Mill located in Krakow, Poland.

EMG Automation to Install eMASS Strip Stabilization System for Corus Color

07 July 2008 - EMG Automation was recently awarded an order by Corus for the installation of an eMASS strip stabilization system at Myriad, the company’s Corus Color subsidiary in France.

Siemens to Supply Finger-Shaft EAF, Ladle Furnace, Billet Caster for New Severstal Minimill

07 July 2008 - Siemens VAI Metals Technologies will supply a finger-shaft electric arc furnace, ladle furnace, dedusting system, and billet caster for OAO Severstal’s new long-product steelmaking facility to be built at Balakovo in Russia.

ArcelorMittal and AREVA Enter Industrial Partnership

04 July 2008 - AREVA and ArcelorMittal enter agreement for a 70-million-Euro investment aimed at increasing production of steel products for the nuclear industry at ArcelorMittal subsidiary, Industeel.

Tenova Pyromet to Supply Equipment for Henan Sunshine Furnaces

03 July 2008 - Tenova Pyromet will design and supply equipment for two 39-MVA furnaces that Chinese Henan Sunshine Silicon Technology Development will build in the Henan Province in China.

Terra Nostra Anticipates Strong Demand for Stainless in China

03 July 2008 - Based on recent industry analysis, Terra Nostra Resources is anticipating sustained strong domestic demand for stainless steel in China.

Mechel Commissions New Rebar Production Line at Mechel Campia Turzii

03 July 2008 - Mechel OAO commissions a second construction rebar production line, this one at its Mechel Campia Turzii subsidiary in Campia Turzii, Romania.

Siemens to Supply BOFs, Degasser, LFs for New Facility at Posco’s Pohang Works

03 July 2008 - Siemens VAI Metals Technologies will supply engineering and equipment for a new BOF-based steelmaking facility at Posco's existing steelmaking facilities in Pohang, Korea.

Global Stainless Steel Production Recovers in First Quarter

03 July 2008 - Global stainless steel production reached 7.4 million tonnes in the first quarter of 2008, according to preliminary figures just released by the International Stainless Steel Forum.

Rio Tinto Announces Iron Ore Price Settlements in Asia

02 July 2008 - Rio Tinto reaches agreement with all of its customers in Asia for iron ore deliveries from Hamersley Iron, Robe River, and Hope Downs for the contract year commencing April 1, 2008.