Steel News

Mechel Develops Breakthrough Wire Production Technology

05 February 2008 - Mechel OAO’s Beloretsk Metallurgical Plant subsidiary successfully develops a unique technology to produce stabilized larger-diameter reinforcing wire for prestressed concrete structures.

ArcelorMittal Acquires Remaining Stake in Laminadora Costarricense and Trefileria Colima

05 February 2008 - ArcelorMittal acquires the remaining 50% stake of Laminadora Costarricense and Trefileria Colima from Clarion Del Norte, making it the sole owner of the only major long carbon steel producer in Costa Rica.

OAO Severstal Resumes Blast Furnace Operations at Cherepovets

05 February 2008 - OAO Severstal resumes operation of Blast Furnace No. 5 at its Cherepovets steel plant, following a fire on January 31 that resulted in the death of one Severstal employee and the injury of two others.

Danieli to Supply New Meltshop for Votorantim Group

04 February 2008 - Danieli will supply a complete one-million-tonne/year meltshop for Votorantim Group, Brazil, including EAF, LF, six-strand billet caster, several cranes, and a fume management plant.

Ternium Completes Sale of Steelscape and Other U.S. Assets

04 February 2008 - Ternium SA subsidiary, IMSA Acero SA de CV has completed the sale of its interests in Steelscape, ASC Profiles, Varco Pruden Buildings, and Metl-Span LLC to BlueScope Steel North America for a total consideration of US$726 million.

ArcelorMittal to Restart Seraing Blast Furnace n.6

04 February 2008 - Following its agreement to a solution to the CO2 quota allocation issue that was proposed by the federal and regional governments of Belgium, ArcelorMittal will now prepare to re-launch the Seraing blast furnace n.6 in Liège, Belgium.

Outokumpu to Invest in Advanced Stainless Capability at Tornio

01 February 2008 - Outokumpu announces a major investment at Tornio Works that would enable the  production of high-quality ultra-clean ferritic stainless steel grades, as well as bright annealed austenitic and ferritic stainless steel products.

ArcelorMittal to Acquire Three Coal Mines in Russia

01 February 2008 - ArcelorMittal signs agreements to acquire three coal mines and associated assets in Russia representing a combined estimated total reserve of more than 140 million tonnes for a total consideration of USD 720 million.

Siemens to Modernize Severstal Billet Caster

31 January 2008 - Siemens Metals Technologies will upgrade Severstal’s 6-strand billet caster in Cherepovets, Russia.

Nippon Steel Logs Record Sales from April through December 2007

31 January 2008 - Nippon Steel reports record sales through its fiscal third quarter ended December 31, 2007, crediting “brisk shipments to automakers and shipbuilders as well as higher prices for steel products.”

BHP Billiton and Baosteel Ink Long-Term Iron Ore Supply Agreement

31 January 2008 - BHP has signed an agreement to supply Baoshan Iron & Steel Co., Ltd. with an additional 10 million tonnes of iron ore per year for the next 10 years, with shipments beginning in April 2008.

IISI Study Reveals Growing Trend for Steel Recycling

31 January 2008 - Data gathered by the International Iron and Steel Institute shows that the steel can remains the world’s most recycled packaging material.

Outokumpu Identifies Corporate Responsibility as Focus for 2008

31 January 2008 - Outokumpu identifies corporate responsibility as its theme for 2008, setting concrete targets for environmental and social responsibility with the aim that everyone at Outokumpu participates.

Air Products-Abdullah Hashim Joint Venture to Provide ASUs for Shadeed Iron & Steel

29 January 2008 - Abdullah Hashim Group and Air Products form a joint venture to build two new air separation units for Shadeed Iron & Steel's production plant in the Sohar Industrial Port of Oman.

ThyssenKrupp Steel and JFE Develop New Ultrahigh-Strength Steel

29 January 2008 - ThyssenKrupp Steel and JFE Steel jointly develop a new multiphase steel for automotive applications that combines high strength with good formability.

Siemens to Supply Drives, Automation for voestalpine Stahl Hot-Dip Line

29 January 2008 - Siemens Metals Technologies will supply drives and automation equipment for voestalpine Stahl’s Hot-Dip Galvanizing Line No. 5.

ThyssenKrupp Inaugurates New Blast Furnace, Criticizes EU Climate Protection Plans

29 January 2008 - ThyssenKrupp Steel AG inaugurated its new Blast Furnace No. 8, which the company installed as part of a 340-million-euro program to secure hot metal production for its German plants.

SSAB to Receive Additional Compensation for Blast Furnace Incident

28 January 2008 - SSAB Tunnplåt AB is to receive approximately SEK 161 million of additional insurance compensation related to a blast furnace breakdown that occurred at the company’s Luleå plant in 1997.

BE Group, ArcelorMittal form Joint Venture for Swedish Service Centre Market

28 January 2008 - BE Group AB will acquire 50% of ArcelorMittal SSC AB, as part of BE Group’s and ArcelorMittal’s formation of a joint venture for the service processing and sale of thin sheets on the Swedish market.

World Crude Steel Production Reaches All-Time-High in 2007

28 January 2008 - World crude steel production reaches an estimated 1343.5 million tonnes in 2007, a 7.5% increase in production compared to 2006. The total marks the fifth consecutive year that world steel production grew by more than 7%.