Steel News

ArcelorMittal Acquires South American Stainless Tube Maker Cínter SA

27 December 2007 - ArcelorMittal announced the acquisition of Cínter SA, a stainless steel tube producer located in Uruguay that will help to support the company’s strategy to strengthen stainless capacity in South America.

SMS Demag to Add Roughing Stand to Baosteel Heavy-Plate Mill

24 December 2007 - SMS Demag will supply a new roughing stand for Baosteel’s 5-meter heavy-plate mill in Shanghai.

Air Liquide Plans New Investments in Europe

24 December 2007 - Air Liquide plans to design and install three new air separation units to support a recently signed 15-year contract with ArcelorMittal.

CSN Announces Mine Expansion, New Integrated Mill in Minas Gerais State

20 December 2007 - CSN signs a Letter of Intent with the Minas Gerais state government detailing projects in mining, steel and cement production over the next six years, including a significant expansion in iron ore capacity as well as the creation of a new, 4.5 million tonnes/year integrated steel mill.

Moly Mines Enters Strategic Alliance with Molymet

20 December 2007 - Moly Mines and Molibdenos y Metales SA (Molymet) enter into a strategic commercial alliance that would blend Moly Mines’ mining project experience with Molymet’s downstream processing and marketing skills to create an alliance with the potential to deliver financial benefits to the shareholders of both enterprises.

ArcelorMittal Concludes Share Buy-Back Program, Initiates Another

19 December 2007 - ArcelorMittal announces the completion of its 27-million-shares buy-back program, and the start of its share buy-back program for up to 44 million shares.

Reliance Subsidiary Valex Opens Facility in China

19 December 2007 - Reliance Steel & Aluminum subsidiary Valex Corp. opens Valex China Co. Ltd., its first manufacturing plant based in China.

Siemens Replaces, Restarts Nizhny Tagil BOF Converter in 75 Days

19 December 2007 - Siemens Metals Technologies replaces and starts up a BOF converter and its offgas-treatment system for Russian steel producer Nizhny Tagil Iron & Steel Works, the first of four BOF converters it will replace for the company by 2009.

ArcelorMittal Lays Groundwork for Greenfield Facility in Russia

19 December 2007 - ArcelorMittal signs an agreement that will lead to creation of a greenfield long carbon steel production unit in the Tver region in Russia.

SMS Demag to Modernize G Steel Cast-Roll Plant

18 December 2007 - SMS Demag will add a conventional roughing mill that will operate in parallel to G Steel Public Co. Limited’s existing medium-slab casting-rolling plant.

Danieli Centro Met to Revamp Bloom Caster for Byelorussian Steel Works

17 December 2007 - Danieli Centro Met will modernize an existing four-strand vertical curve bloom caster to a curved design with multibending radius in operation at Byelorussian Steel Works’ No. 2 steel meltshop in Zhlobin.

Siemens to Supply Main Drives for Nippon Steel Plate Mill Upgrade

17 December 2007 - Siemens will supply a twin main drive for the new roughing train that will be added to Nippon Steel’s heavy plate rolling mill in Oita.

ArcelorMittal and Laiwu Steel to Terminate Share Purchase Contract

17 December 2007 - ArcelorMittal and Laiwu Steel will not extend their Share Purchase contract beyond December 31, 2007.

SMS Demag to Supply Heavy-Plate Rolling Mill for Hyundai Steel

17 December 2007 - SMS Demag will supply a new heavy-plate rolling mill—including complete mechanical and automation systems for the entire process line—for Hyundai Steel at Dangjin, South Korea.

ThyssenKrupp Steel Starts up New Blast Furnace at Duisburg

17 December 2007 - ThyssenKrupp Steel starts up its new blast furnace No. 8 in Duisburg, part of the company’s 340-million-euro expansion program to secure hot metal production for its German plants.

ArcelorMittal to Increase Stake in China Oriental

14 December 2007 - ArcelorMittal enters into a shareholders’ agreement with the controlling shareholders of China Oriental Group that will enable ArcelorMittal to eventually raise its equity stake in the company to 73.13%.

Nippon Steel Adopts HSS Plate for Container Ship Applications

13 December 2007 - Nippon Steel has adopted plate made from its YP47kg steel -- a high strength steel with high fracture toughness -- for application on 10 large container ships being built by Hyundai Heavy Industries or Kawasaki Kisen Kaisha.

ArcelorMittal to Acquire MT Majdalani

12 December 2007 - ArcelorMittal announces its acquisition of M.T. Majdalani Y Cia. SA, Argentina’s leading stainless steel service center and distributor.

Global Industry Group Announces Future Steel Vehicle Research Program

12 December 2007 - The International Iron and Steel Institute's automotive group, WorldAutoSteel, announces the Future Steel Vehicle project during the United Nations Framework Convention on Climate Change conference in Bali.

Posco Restarts 3rd Gwangyang Blast Furnace

11 December 2007 - Posco restarted the 3rd blast furnace at Gwangyang Works following a successful 55-day repair campaign.