Steel News

ArcelorMittal Reports Status of Share Buyback Program

21 January 2008 - Under share buy-back programs announced on September 13 and on December 12, 2007, ArcelorMittal has repurchased 1,007,333 shares from January 10 through 16, 2008.

ThyssenKrupp Confirms Lower 1st Quarter Results

21 January 2008 - ThyssenKrupp AG reports first-quarter earnings will be lower than year-earlier results, which were boosted by exceptionally strong demand and very high base prices for stainless steel.

Danieli and Kocks to Upgrade Seversky Seamless Tube Mill

21 January 2008 - Friedrich Kocks will supply the 3-stand extractor and 14-stand sizing mill for Danieli’s conversion of an existing Pilger mill into a continuous 14-inch seamless tube mill for TMK Group’s Seversky Truboprokatny Zavod subsidiary.

Siemens to Supply Equipment for Strip Processing Lines in China

18 January 2008 - Siemens Metals Technologies will supply dynamic air knives for two hot galvanizing lines at Tangshan HengYuan Coating & Galvanizing, and a new skinpass mill at Tonghua Iron and Steel Co.

Nippon Steel Names New President

18 January 2008 - Nippon Steel announces that Vice President Shoji Muneoka, 61, will become President of the corporation on April 1.

ArcelorMittal Lays Groundwork for Reorganization of Gandrange Facility

17 January 2008 - ArcelorMittal will shut down the unprofitable Gandrange facility’s meltshop and billet mill in order to focus on developing the facility’s wire rod mill, which will now process billets produced at other company facilities in Germany and Luxembourg.

Mechel Appoints Director of its Steel Division

16 January 2008 - Mechel OAO announces the appointment of Andrey Deineko as the new Director of its Steel Division.

ArcelorMittal Extends EDS Contract in Germany

16 January 2008 - ArcelorMittal extends its contract with EDS through the end of 2011 for infrastructure and application services at the company’s Bremen and Eisenhuttenstadt facilities in Germany.

General Steel Holdings Acquires Controlling Interest in Tongxing

15 January 2008 - General Steel Holdings obtains final government approval to acquire a controlling interest in Hancheng Tongxing Metallurgy, with core operations in coking coal production and rebar processing.

ArcelorMittal Provides Update on Fatalities at Abaiskaya Mine Accident

15 January 2008 - ArcelorMittal confirms the final number of fatalities as 30 for the Abaiskaya Mine Accident in Kazakhstan.

Linde Seals Long-Term Gas Contract at Scunthorpe with Corus

14 January 2008 - Linde Group will construct a new air separation unit, refurbish an existing unit, and extend the pipeline network for the Scunthorpe facility of international steel producer Corus.

ArcelorMittal Provides Update Concerning Accident in Kazakhstan

14 January 2008 - ArcelorMittal provides update on the accident that occurred January 11 at its Abaiskaya mine in Kazakhstan, the cause of which has not yet been identified.

Nucor, Duferco to Form Joint Venture to Produce, Distribute Beams

11 January 2008 - Nucor signs Memorandum of Understanding with the Duferco Group to establish a 50/50 joint venture for the production of beams in Italy and the distribution of beams in Europe and North Africa.

Mechel Wins Tender for Port Temryuk Production Complex

10 January 2008 - Mechel OAO’s Mecheltrans OOO transportation subsidiary wins the open tender held by Russian Railways OJSC for the sale of the Port Temryuk production complex.

ArcelorMittal to Acquire Venezuelan Pipe Manufacturer Unicon

10 January 2008 - ArcelorMittal enters definitive agreement to acquire Unicon, the leading manufacturer of welded steel pipes in Venezuela.

ThyssenKrupp Implementing Quintiq Planning Solution

09 January 2008 - ThyssenKrupp Steel AG, Germany, is implementing Quintiq’s Advanced Planning & Scheduling solution to optimize capacity utilization at its steel mills and in its supply chain procedures.

ArcelorMittal and SNIM to Develop Iron Ore Project

09 January 2008 - ArcelorMittal and Societe Nationale Industrielle et Miniere conclude a Memorandum of Understanding for development of a large iron ore mining project using the El Agareb Iron ore resource in Mauritania.

Siemens to Modernize ArcelorMittal South Africa Hot Strip Mill

08 January 2008 - The Siemens Division Industry Solutions will equip the cooling section of ArcelorMittal South Africa’s Vanderbijlpark hot strip mill with new process and basic automation that will allow the precise control of phase transitions during strip cooling.

Tayiuan Iron & Steel Goes Live with Broner Scheduling Solution

04 January 2008 - Taiyuan Iron and Steel goes live with a Broner Scheduling solution that includes a caster scheduler, meltshop control center, and a schedule editor at its plant in TaiYuan city, ShanXi province, China.

American Metal & Technology Adds 17 CNC MAZAK Lathes

04 January 2008 - American Metal & Technology increases production capacity with the purchase and installation of 17 additional CNC MAZAK lathe machines.