Steel News

IISI Reports World Crude Steel Production for April 2007

25 May 2007 - Figures released by the International Iron and Steel Institute show that world crude steel production for the 67 countries reporting stood at an estimated 109.3 million tonnes in April — 7.6% higher than for the same month of 2006, but 2.1% lower than the previous month (March 2007). Excluding China, world production fell by 3.5% compared to the previous month (March 2007), but rose only 3.0% compared to April 2006.

Williams Scotsman Launches Stainless Product for European Modular Building Industry

21 May 2007 - Williams Scotsman International announced the launch of Tecno Inox S/S, a new line of stainless steel products for the modular building marketplace, through its wholly-owned subsidiary, Wiron.

SMS Meer to Supply Finishing Center for Pervouralsk

21 May 2007 - OAO Pervouralsky Novotrubny Works, part of the ChTPZ Group, Russia, has placed an order with SMS Meer for a complete finishing center for their existing pipe plant.

Umformtechnik Transferred to ThyssenKrupp Steel

21 May 2007 - The ThyssenKrupp Umformtechnik group has been transferred to the ThyssenKrupp Steel segment, effective October 1, 2006.

Arcelor Mittal Reports First Quarter 2007 Results

21 May 2007 - Arcelor Mittal reported net income of $2.3 billion on sales income of $24.5 billion for the three months ended March 31, 2007.

SMS Meer to Supply Wire Rod and Bar Mill for Hmisho Trading

18 May 2007 - Hmisho Trading Group, Syria, has placed an order with SMS Meer for the supply of a new combined wire rod and bar mill that will incorporate technology for the endless rolling of bars.

Danieli Corus to Design Greenfield Blast Furnace for AMK

18 May 2007 - Alchevskiy Metallurgicheskiy Kombinat (AMK) has awarded Danieli Corus an order for design and supply of a greenfield blast furnace installation at its facility in southeastern Ukraine.

Parsytec to Supply Surface Inspection for USS Kosice Hot Dip Galvanizing Line

18 May 2007 - Parsytec AG has received an order from the Slovakian steelmaker USS Ko&scaron;ice to equip their brand-new hot dip galvanizing line (HDG Line No. 3) with Dual Sensor surface inspection technology.

Arcelor Mittal Announces Further Details on Legal Merger Process

17 May 2007 - The Boards of Directors of Mittal Steel and Arcelor announced further details about the process for the legal merger into Arcelor that was agreed in the context of Mittal Steel’s exchange offer completed on August 1, 2006.

SMS Meer to Supply CRS Straightener for Peiner Träger Section Mill

16 May 2007 - Peiner Träger, a member of the Salzgitter Group, places an order with SMS Meer for a straightener with CRS technology for its medium section mill.

Outokumpu Acquires Sandvik’s Minority Share in OSTP

16 May 2007 - Outokumpu has acquired Swedish Sandvik’s 11.6% minority shareholding in Outokumpu Stainless Tubular Products (OSTP AB) for EUR 21.5 million.

Concast to Supply Second Steelworks for Icdas Celik

11 May 2007 - Concast will supply a second electric steelworks—EAF, ladle furnace, and an 8-strand billet caster—for Icdas Celik’s Biga, Turkey, location.

And the Winner is....Alabama

11 May 2007 - ThyssenKrupp has selected Alabama as the home for its new state-of-the-art steel and stainless steel processing facility.

Concast to Supply Two Minimills for Tianjin Iron & Steel

09 May 2007 - Tianjin Iron and Steel and Concast recently concluded a contract for the supply of two electric steelworks, including EAFs, a vacuum degasser, and continuous billet and bloom casters.

ThyssenKrupp Steel to Concentrate Slab logistics at Rotterdam Port

08 May 2007 - ThyssenKrupp Steel says that it will make significant investments to expand capacity on both sides of the Atlantic as part of its forward strategy for profitable growth.

Siemens to Supply Electrical Engineering for Shougang Jingtang Process Lines

07 May 2007 - Metals Technologies, a division of the Siemens Group Industrial Solutions and Services, recently received an order from Shougang Jingtang United Iron and Steel to supply the electrical engineering equipment for three new strip-treatment lines in an order valued at approximately EUR 18 million.

JYXC Casts First Heat on SMS Jumbo Bloom Caster

07 May 2007 - Jiangjing Xing Cheng Special Steel has successfully cast its first heat on the jumbo continuous bloom caster supplied by Concast AG.

SSAB to Acquire Ipsco

03 May 2007 - Ipsco and SSAB Svenskt Stal AB have entered into an agreement providing for SSAB to acquire Ipsco for U.S. $160 per share in cash, giving the deal a total equity value of U.S. $7.7 billion. The Boards of Directors for both companies have approved the transaction.

Average Nickel Content Declining in Stainless Steels

02 May 2007 - MEPS reports that high nickel prices are prompting buyers of austenitic stainless steels to actively seek alternative grades or other materials, a trend that could have long-term implications.

Croatian Government Accepts CMC’s Mill Bid

30 April 2007 - Commercial Metals announced that its second bid to acquire Valjaonica Cijevi Sisak (VCS) has been accepted by the Croatian Privatization Fund and Croatian government. The April 17, 2007 bid was submitted via Swiss subsidiary, Commercial Metals International AG.  