Steel News

Siemens to Equip 3rd Tandem Pickling Line for Wisco

22 November 2007 - Siemens Industrial Solutions and Services Group will equip Wuhan Iron & Steel’s new, five-stand coupled tandem pickling line No. 3 with mechanical equipment, drive and automation systems, and technological controls.

ArcelorMittal Enters Coal Mining Joint Venture in Mozambique

22 November 2007 - Under a new joint venture partnership with Black Gold Mining in Mozambique, ArcelorMittal will acquire a 35% equity in the joint venture company, Rio Minjova Mining and Exploration, for an initial payment of US$2.5 million.

IISI Reports World Steel Production for October 2007

22 November 2007 - Steel production for the 67 countries reporting to the International Iron and Steel Institute stood at an estimated 114.0 million tonnes in October — 6.6% higher than for the same month of 2006.

Siemens to Supply Hot Finishing Mill for Chinalco Aluminium

21 November 2007 - Siemens Metals Technologies receives order from Chinalco Aluminium to supply the mechanical and electrical equipment for a new hot aluminum twin coiling finishing mill.

ArcelorMittal to Acquire Equity Stake in General Moly

21 November 2007 - ArcelorMittal signs agreement to acquire a 12.6% equity stake in General Moly, as well as a letter of intent to enter a long-term off-take agreement for approximately 6.5 million pounds per year of molybdenum.

Harsco’s Excell Minerals Division Awarded New Contracts in Europe

21 November 2007 - Harsco’s newest operating division, Excell Minerals, receives contracts with ArcelorMittal's Imphy Alloys specialty steel works in France, and with BGH Freital’s specialty steel works in Germany.

IISI, Steel Industry Call for Review of BHP-Rio Tinto Alliance

21 November 2007 - Speaking on behalf of steel producers worldwide, the International Iron and Steel Institute issues a formal request that all relevant competition authorities review the proposed alliance between BHP and Rio Tinto.

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.