Steel News

Posco Enters Development for Utilization of Domestic Wastes

21 November 2007 - Posco will work with Busan Metropolitan City to develop a business capable of turning domestic wastes into fuel that can subsequently be used to generate power, in the first application of this technology in Korea.

ArcelorMittal Pledges Continued Investment in Republic of Mozambique

21 November 2007 - ArcelorMittal signs Memorandum of Cooperation with the Republic of Mozambique that is to help stimulate economic growth and further the development of the steel industry and mining sector for the region through investments and the future construction of a new bar mill facility.

ArcelorMittal Plans Q1 Steel Price Increase for U.S., Q2 Increase for EU

20 November 2007 - Raw material and energy cost increases for 2008 are prompting ArcelorMittal to increase prices for flat steel products in the NAFTA and European markets.

Gerdau to Acquire MacSteel from Quanex

20 November 2007 - Brazil-based Gerdau Group signs definitive agreement for the acquisition of Quanex Corp.’s MacSteel business for US$ 1.458 billion in cash, plus the assumption of debt and certain liabilities.

IAS to Supply Level 1 System for Xin Jiang Joinworld Intermediate Mill

19 November 2007 - Xin Jiang Joinworld Co. signs contract with Industrial Automation Services to design, supply, and commission a Level 1 Control System for their new intermediate aluminum foil mill.

Posco Recognized for High Corporate Social Responsibility

19 November 2007 - Posco receives positive reviews for its high social responsibility by the Japanese edition of Business Week, andin a survey on corporate sustainability jointly conducted by MoneyToday and Eco Frontier.

Design Software Editors to Promote ArcelorMittal Construction Products

19 November 2007 - ArcelorMittal signs agreements with four leading editors of programs used in building and construction to include ArcelorMittal predesign software in their products, which will further promote the use of ArcelorMittal products and solutions by the construction industry.

Baosteel Starts Up World’s Largest Corex Ironmaking Plant

19 November 2007 - Baosteel Pudong Iron and Steel starts up a Corex C-3000 plant, with a nominal production capacity of 1.5 million tons of hot metal per year, making it the world’s largest.

SAIL Honored at CUBIC Awards

16 November 2007 - Steel Authority of India Limited was recently honored in the category of 'Most Innovative Industry Resource' amongst a host of organizations from across the world who participated in the 'Corporate University Best in Class Awards 2007'.

ArcelorMittal Awarded Two Gold Medals at Batimat 2007

16 November 2007 - ArcelorMittal is awarded two gold medals for new products it unveiled at the Batimat construction fair: a roof or cladding system with an integrated photovoltaic solution, and a sleek, open and versatile beam that offers a new architectural dimension within an environmentally friendly approach.

ThyssenKrupp Anlagenservice to Support Salzgitter Blast Furnace Reline

16 November 2007 - ThyssenKrupp Anlagenservice is commissioned as general contractor for lining the Salzgitter Flachstahl GmbH Blast Furnace C in the spring of 2008.

Tata Steel Earns DSIR Award for Hexavalent Chromium Research

16 November 2007 - Tata Steel wins Department of Scientific & Industrial Research Award 2007 for R&D effort in implementing an indigenous technology for removing hexavalent chromium from chrome-ore concentrates.

Posco Starts up High-End Processing Center in Poland

15 November 2007 - Posco celebrates completion of construction and start-up of operations for the Posco-Poland Processing Center, the company’s high-end steel processing center in Poland.

ArcelorMittal Enters the Estonian Market

15 November 2007 - ArcelorMittal acquires a 100% stake in Galvex OÜ, a privately owned Estonian steel galvanizing line that produced 190,000 tonnes of hot dip galvanized steel in 2006.

ArcelorMittal Completes Merger Process

14 November 2007 - ArcelorMittal announces the effectiveness of the merger of ArcelorMittal into Arcelor, the second step in the two-step merger process between Arcelor and Mittal Steel NV, which merged into ArcelorMittal on September 3, 2007.

ABB to Modernize ArcelorMittal Rolling Mill, Pickle Line

14 November 2007 - ABB has been awarded a contract by the ArcelorMittal Group to modernize the cold rolling mill located in the city of Crakow, Poland; ABB will also support ArcelorMittal’s pickle line upgrade in the same facility.

Pohang’s Third Blast Furnace Sets World Record for Productivity

14 November 2007 - Posco’s Pohang Works sets a new world record for furnace productivity with its third blast furnace, which produced 12,300 tonnes of molten metal a day using a “drastically increased” oxygen-enriched blast.

Siemens to Replace ThyssenKrupp Nirosta Converters

13 November 2007 - Stainless steel producer ThyssenKrupp Nirosta places order with Siemens Metals Technologies to replace two AOD converters at the company's plant site in Krefeld, Germany.

IAS to Supply Level 1 System for Fujian Nanping Aluminum Cold Mill

12 November 2007 - Industrial Automation Services will design, supply, and commission a new Level 1 Control System for Fujian Nanping Aluminum’s new four-high cold rolling mill.

Posco Awarded Highest Credit Rating among Global Steelmakers

12 November 2007 - Posco has received an A1 rating from global credit assessment institute Moody’s—the highest credit rating among global steelmakers.