Steel News

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

27 November 2007 - Walcownia Ostrowiec contracts Danieli to supply a new 400,000-tonne/year high-speed wire rod and bar-in-coil mill.

Siemens Starts up World’s Largest DR Plant at Hadeed

27 November 2007 - Siemens Metals Technologies starts up a 1.76 million tonnes/year direct-reduction plant for Saudi Iron & Steel. Hot DRI from the new DR plant is charged directly to the EAF for an energy savings of up to 20%.

ArcelorMittal in Talks to Increase Stake in China Oriental Group

26 November 2007 - ArcelorMittal is in talks with the controlling shareholders in China Oriental Group Limited regarding future cooperation, and a possible share increase.

SMS Demag to Provide Shearing Line for Handan Iron and Steel

26 November 2007 - Handan Iron and Steel of China orders a heavy shearing line from SMS Demag that is capable of producing 2- to 16-meter leveled hot-strip plates.

Siemens Starts up First Meros Process at voestalpine Stahl Sinter Plant

26 November 2007 - Siemens Metals Technologies starts up the world’s first Maximized Emission Reduction of Sintering (Meros) off-gas-cleaning plant on voestalpine Stahl’s sinter plant. The upgrade has already delivered a significant reduction in off-gas emissions.

Posco and Danieli to Co-Develop Compact, In-Line Minimill

26 November 2007 - Posco and Danieli reach agreement for joint development of a new generation of plant for the in-line production of flat products, to be installed at Posco's Gwangyang Works in Korea.

Siemens to Supply EAF Meltshop for Egyptian Sponge Iron & Steel

23 November 2007 - Siemens Metals Technologies will engineer and supply a complete meltshop for Beshay Steel’s third facility: Egyptian Sponge Iron & Steel Company, which will be located at Sadat City, Egypt.

ArcelorMittal Reports Progress in Its Indian Greenfield Projects

23 November 2007 - The Government of India allocates steam coal blocks for the first phase of ArcelorMittal’s Indian greenfield projects in Jharkhand and Orissa.

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.