Steel News

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.

Siemens to Supply Second 5-Meter Plate Mill for Shagang

12 November 2007 - Siemens Metals Technologies will supply a second 5.0-meter-wide plate mill for Shagang Wide Plate Mills in China. The plate mill will incorporate a Mulpic system for production of high strength plate, and a fully hydraulic nine-roll leveler to optimize plate flatness.

Baosteel Enters Cooperation Contract with Parsytec

09 November 2007 - Parsytec AG will install an initial espresso SI surface inspection system at a Shanghai Baosteel pickling line; the agreement includes an option for 9 additional surface inspection systems.

Posco Further Expands Asia Fellowship

09 November 2007 - Posco’s TJ Park Foundation confers fellowship certificates on 59 Asian students from 11 countries that were selected for scholarship in Korea.

Siemens and CRM Enter Agreement for Mulpic Heavy-Plate Cooling Systems

08 November 2007 - Siemens VAI Metals Technologies UK and the Centre de Recherches Metallurgiques sign exclusive Technology License Agreement for the supply and development of “Mulpic” systems.

SMS Demag to Supply X-Melt Ladle Furnace, Stirring Station for Corus Staal

08 November 2007 - SMS Demag will supply an X-Melt 330-tonne twin ladle furnace and stirring station for Corus Staal BV’s IJmuiden plant in North Holland.

ArcelorMittal to Acquire 28% Interest in China Oriental Group

08 November 2007 - ArcelorMittal enters agreement to acquire 820,119,151 ordinary shares—an approximately 28% equity interest—in China Oriental Group for a total consideration of US$ 647 million.

China Precision Steel Closes $47.9 Million Financing

07 November 2007 - China Precision Steel completes sale of an aggregate of 7,100,000 shares of its common stock and an aggregate of 1,420,000 warrants to purchase its common stock, for gross proceeds of $47,925,000.

Mechel Announces Syndication of Acquisition Refinancing Package

07 November 2007 - Mechel OAO arranges an acquisition refinancing package for its acquisition of the issued share capital of Yakutugol OJSHC, Elgaugol OAO, and the real estate complex of a railway and road from the Zeysk Railway Station to the Elga coal deposits.

Realignment to Support Next Phase of Outokumpu Strategy Development

06 November 2007 - Outokumpu is aligning its organization into an integrated model emphasizing its one-company approach toward customers as the group enters the next phase in its strategy development targeting a more stable and profitable business model.

Shareholders Approve Second-Step Merger of ArcelorMittal into Arcelor

06 November 2007 - Shareholders of ArcelorMittal and Arcelor approve the merger of ArcelorMittal into Arcelor during Extraordinary General Meetings held Monday, Nov. 5.

MultiServ Division to Support New Ningbo Iron & Steel Plant

05 November 2007 - Harsco’s MultiServ mill services division signs a 12-year agreement to support Ningbo Iron & Steel, a four-way joint venture of three Chinese steel producers and a Chinese investment firm.

Gibraltar Reports 3rd Quarter Sales and Earnings

02 November 2007 - Excluding one-time charges related to the sale of Hubbell Steel and Solar Michigan, Gibraltar Industries reports $12.8 million income from continuing operations on $343 million in sales from continuing operations for the third quarter, and $35.8 million income from continuing operations on $1 billion in sales from continuing operations for the first nine months.

Nippon Steel & Sumikin Stainless to Implement Broner System

01 November 2007 - Nippon Steel & Sumikin Stainless Steel will implement a Broner Metals Solutions Production Planning system at its Yawata plant in Japan.

Siemens to Provide Blast Furnace for Tata Steel Greenfield Facility

01 November 2007 - Tata Steel Ltd has placed an order with Metals Technologies (MT), a division of the Siemens Group Industrial Solutions and Services (I&S), for the supply of engineering and key equipment for a new blast furnace. The parties agreed not to disclose the contract price.

Siemens to Equip Bar Mills in United Arab Emirates, Russia

31 October 2007 - Siemens Metals Technologies will supply mechanical equipment, electrical equipment, and automation systems for a new bar mill in the United Arab Emirates, and a bar mill upgrade in Russia. The total order value of both projects is approximately 47 million Euros.

Tornio Works Ramps up Production after Strike Ends

31 October 2007 - Outokumpu ramps up production at Tornio Works following conclusion of the Salaried Employees Union strike.