Steel News

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.

ArcelorMittal to Increase Long Products Prices in Middle East, Mediterranean

11 December 2007 - Strong demand and rising raw material and billet costs have prompted ArcelorMittal to announce an additional $30/ton price increase for long steel products out of the Black Sea for Turkey, Mediterranean, Middle East, and North African (MENA) destinations.

ArcelorMittal Acquires Leading U.K. Steel Distributor

10 December 2007 - ArcelorMittal announces the acquisition of NSD Limited, a leading steel distribution company specializing in sales of heavy sections and tubes based in Scunthorpe, North Lincolnshire, U.K.

ArcelorMittal Enters Cooperative Agreement with China Oriental Group

10 December 2007 - ArcelorMittal enters into a Business Cooperation Agreement with China Oriental Group and its subsidiaries regarding shareholdings and management of the company.

Cash Tender Offer to Secure ArcelorMittal’s Position in Brazil

07 December 2007 - ArcelorMittal announces its intention to launch a de-listing cash offer to acquire the 43% outstanding shares in ArcelorMittal Inox Brasil SA that it does not yet own at a price of 100 Brazilian reals per share.

Danieli to Provide Wire Rod and Bar-in-Coil Mill for Walcownia Ostrowiec

07 December 2007 - Danieli will supply a new 400,000-tonnes/year high-speed wire rod and bar-in-coil mill for Walcownia Ostrowiec, a newly-formed company within the Interspeed Group.

ArcelorMittal Stocking up on Ferroalloys

07 December 2007 - ArcelorMittal’s agreement to acquire the assets of Central European ferroalloys manufacturer OFZ follows ArcelorMittal’s recent announcement of its entry into a 50/50 joint venture greenfield manganese project with South Africa’s Kalagadi Manganese.

Siemens to Assume Maintenance Responsibility for New TKS Plant in Brazil

06 December 2007 - Siemens Metals Technologies will take over complete responsibility for electrical and mechanical maintenance of all steel production equipment and machinery at ThyssenKrupp CSA Companhia Siderùrgica’s new 5-million-tonnes/year new integrated iron and steelworks in Brazil.

Cisco’s TelePresence to Enhance Posco’s Business Communications

05 December 2007 - Cisco’s TelePresence solution, which combines advanced technology and interactive environmental elements, will allow Posco to conduct unique ‘in-person’ meetings between people at its Seoul office and its branches in Pohang and Gwangyang.

ArcelorMittal Chairman to Step Down

05 December 2007 - ArcelorMittal’s Chairman, Joseph Kinsch will step down as Chairman of the Board of Directors at the company’s next General Meeting in May 2008.