Steel News

ArcelorMittal Announces Acquisition of Carminati Distribuzione

29 October 2007 - ArcelorMittal will acquire a 70% stake in Carminati Distribuzione Srl, one of the leading steel distributors in Northern Italy.

Posco, Siemens Celebrate Six Months Operation of First Finex Plant

29 October 2007 - Posco has tapped more than 650,000 tonnes of hot metal during the first six months of operation of the first commercial Finex plant, jointly developed with Siemens Metals Technologies to operate with low-cost iron ore fines and lower environmental emissions.

ArcelorMittal Updates Status of Share Buyback Program

26 October 2007 - ArcelorMittal announces that it has repurchased 1,390,000 shares under the share buy-back program that was announced on September 13, 2007.

Parsytec to Supply Surface Inspection Systems for Anshan

26 October 2007 - Parsytec AG will install surface inspection systems to inspect silicon steel processed on two continuous annealing lines at Anshan Iron & Steel’s new silicon plant in Angang.

Outokumpu Details EUR 240 Million of Investments in Stainless Capacity

24 October 2007 - Outokumpu has announced it will invest an additional EUR 240 million over the next five years to expand quarto plate capacity in Sweden and the U.S., and to expand the service center offering in Germany.

Danieli to Upgrade Four Riva Rolling Mills

23 October 2007 - Danieli Morgårdshammar will upgrade four of Riva Group’s rolling mills with the installation of its ESS compact cantilever oil-film-bearing stands.

Siemens to Modernize Drives for Salzgitter Flachstahl Hot Rolling Mill

23 October 2007 - Salzgitter Flachstahl awards a contract to the Siemens Industrial Solutions and Services Group to supply new main drives and the associated automatic control technology for the company’s hot strip mill, with installation scheduled to take place in five stages.

Mechel Subsidiary Recertified Following Railway Manufacturing Audit

23 October 2007 - Specialists of the Register of Certification on the Federal Railway Transport extend the term of Mechel OAO’s certification for manufacturing rolling stock axles at its Urals Stampings Plant subsidiary.

ArcelorMittal and Borusan to Build New Hot Strip Mill in Turkey

23 October 2007 - ArcelorMittal signs a Memorandum of Understanding with Borusan to form a 50/50 joint venture partnership to construct a new hot strip mill in Gemlik, Turkey.

Danieli to Construct New Flat Products Complex for MMK-Atakas

22 October 2007 - Danieli will be the sole supplier of technological equipment for a new flat products complex MMK-Atakaş is planning for Iskenderun, Turkey, including EAF-based meltshop and caster, high-capacity hot rolling mill, continuous pickling line, cold rolling mill, hot dip galvanizing, and coil coating facilities.

Siemens-Led Consortium to Build EAF-Based Steelworks for Liepajas Metalurgs

22 October 2007 - Liepajas Metalurgs awards contract to a consortium led by Siemens to build a turn-key integrated electric steel plant that will replace the facility’s existing open-hearth based steel production route.

Danieli to Supply Hot-Dip Galvanizing Line for Tezcan

19 October 2007 - Danieli Wean United will supply a 400,000 tonne/year hot-dip galvanizing line to Tezcan Galvanizli Yapi Elemanlari Sanayi Ve Ticaret AS, Turkey.

SMS Demag to Supply Arccess EAF for OMZ

19 October 2007 - SMS Demag will supply a 120-tonne Arccess electric arc furnace to be installed at OMZ’s Kolpino, St. Petersburg, facility.

ArcelorMittal Reports Latest Status of Share Buyback Program

19 October 2007 - ArcelorMittal has repurchased 1,120,000 shares under the new share buy-back program that was announced on September 13, 2007.

Nafta and Latin American Steel Associations Develop Work Program

19 October 2007 - Representatives of five major NAFTA steel associations met recently with representatives of the Latin American Iron and Steel Association to discuss trade and other policy issues of common concern.

Nucor Reports 3rd Quarter Results

19 October 2007 - Nucor reports consolidated net earnings of $381.2 million on consolidated net sales of $4.26 billion for the third quarter, and consolidated net earnings of $1.11 billion on consolidated net sales of $12.20 billion for the first nine months of 2007.