Steel News

BHP Billiton and Baosteel Ink Long-Term Iron Ore Supply Agreement

31 January 2008 - BHP has signed an agreement to supply Baoshan Iron & Steel Co., Ltd. with an additional 10 million tonnes of iron ore per year for the next 10 years, with shipments beginning in April 2008.

IISI Study Reveals Growing Trend for Steel Recycling

31 January 2008 - Data gathered by the International Iron and Steel Institute shows that the steel can remains the world’s most recycled packaging material.

Outokumpu Identifies Corporate Responsibility as Focus for 2008

31 January 2008 - Outokumpu identifies corporate responsibility as its theme for 2008, setting concrete targets for environmental and social responsibility with the aim that everyone at Outokumpu participates.

Air Products-Abdullah Hashim Joint Venture to Provide ASUs for Shadeed Iron & Steel

29 January 2008 - Abdullah Hashim Group and Air Products form a joint venture to build two new air separation units for Shadeed Iron & Steel's production plant in the Sohar Industrial Port of Oman.

ThyssenKrupp Steel and JFE Develop New Ultrahigh-Strength Steel

29 January 2008 - ThyssenKrupp Steel and JFE Steel jointly develop a new multiphase steel for automotive applications that combines high strength with good formability.

Siemens to Supply Drives, Automation for voestalpine Stahl Hot-Dip Line

29 January 2008 - Siemens Metals Technologies will supply drives and automation equipment for voestalpine Stahl’s Hot-Dip Galvanizing Line No. 5.

ThyssenKrupp Inaugurates New Blast Furnace, Criticizes EU Climate Protection Plans

29 January 2008 - ThyssenKrupp Steel AG inaugurated its new Blast Furnace No. 8, which the company installed as part of a 340-million-euro program to secure hot metal production for its German plants.

SSAB to Receive Additional Compensation for Blast Furnace Incident

28 January 2008 - SSAB Tunnplåt AB is to receive approximately SEK 161 million of additional insurance compensation related to a blast furnace breakdown that occurred at the company’s Luleå plant in 1997.

BE Group, ArcelorMittal form Joint Venture for Swedish Service Centre Market

28 January 2008 - BE Group AB will acquire 50% of ArcelorMittal SSC AB, as part of BE Group’s and ArcelorMittal’s formation of a joint venture for the service processing and sale of thin sheets on the Swedish market.

World Crude Steel Production Reaches All-Time-High in 2007

28 January 2008 - World crude steel production reaches an estimated 1343.5 million tonnes in 2007, a 7.5% increase in production compared to 2006. The total marks the fifth consecutive year that world steel production grew by more than 7%.

ArcelorMittal Inaugurates Prototype Vacuum Plasma Coating Line

25 January 2008 - ArcelorMittal inaugurates Arceo, its industrial prototype for a breakthrough vacuum-plasma steel coating line in Belgium.

Aker Kværner Appoints New President and CEO, Considers Name Change

23 January 2008 - Aker Kværner ASA appoints Simen Lieungh at the company’s new President and CEO, and will nominate Martinus Brandal as the new Chairman of the Board.

Siemens to Supply Second Corex Plant to Baosteel Pudong Steel

23 January 2008 - Siemens Metals Technologies will supply a second 1.5-million-tonnes/year Corex C-3000 plant to Shanghai Baosteel Pudong Iron and Steel in China.

U. S. Steel and JFE Steel to Exchange Technical Expertise

23 January 2008 - United States Steel and JFE Steel enter into a technical exchange agreement to share expertise in steelmaking practices, benchmarking, and other areas of mutual interest.

Siemens-led Consortium to Build Turnkey Facility for Asturiana de Laminados

22 January 2008 - Asturiana de Laminados SA awards a contract to a consortium headed by Siemens Metals Technologies to build an integrated turnkey sheet production plant.

VALE Clarifies Status of Investment Negotiations

22 January 2008 - Companhia Vale do Rio Doce has been maintaining a dialogue with Xstrata Plc management, and continues to analyze several other potential investment options.

SMS Demag Consortium to Supply X-Melt BOF Meltshop for Visakhapatnam Steel Plant

22 January 2008 - An international consortium led by SMS Demag will supply to Visakhapatnam Steel Plant an X-Melt BOF meltshop with an annual capacity to produce 2.8 million tonnes of liquid steel.

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.