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World

All the latest headlines from all regions of the world outside the NAFTA market.

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ITC Finds Potential Harm with Non-Alloy Steel Pipe from China

04 October 2005 - The U.S. International Trade Commission (ITC) announced that it has found that certain circular welded non-alloy steel pipe from China is being imported into the United States in such increased quantities or under such conditions as to cause real or threatened market disruption to the domestic producers of like or directly competitive products.

Ohio Steel Producers Report First Half Results

04 October 2005 - Ohio steelmakers posted moderately strong production and shipping figures for the first half of 2005, even as the market struggled to emerge from an inventory correction that began before the end of 2004.

Mittal Steel Acquires 93% Stake in Kryvorizhstal

01 October 2005 - Mittal Steel Co. NV has agreed to acquire a 93.02% stake in the capital of KryvorizhStal from the State Property Fund of Ukraine following a public auction.

Benxi Starts up 2nd Danieli Flexible Thin Slab Casting Strand

01 October 2005 - Benxi Iron & Steel Co., P.R. China, recently started up its second Danieli flexible thin slab casting strand. Since the first heat was cast, a wide range of steel grades has now been successfully commissioned.

Outokumpu Sells its Remaining Boliden Shares

01 October 2005 - Outokumpu recently sold the all of its remaining 46,669,712 Boliden shares to institutional investors. Total net proceeds of the sale amounted to EUR 180 million.

Arcelor Included in Dow Jones Sustainability Index

01 October 2005 - Arcelor has been included in the Dow Jones Sustainability Index (DJSI) World, one of the most important and recognized global indexes tracking the performances of the leading sustainable development-driven companies worldwide.

Southern Steel Starts up Danieli Bar and Rod Mill at Phu My

01 October 2005 - Southern Steel Corp., Vietnam, recently initiated the first stage of its Phu My minimill startup with the commissioning of the 400,000 tonnes/year bar and rod rolling mill and delivery of its first hot rolled products.

Concast to Supply Ladle Furnace for Gerdau Acominas

01 October 2005 - Concast AG, Switzerland, and its subsidiary Concast Metalurgia Ltda., São Paulo, Brazil, have been awarded a major contract by Gerdau Açominas to supply a 230 tonne ladle furnace and its auxiliaries in Ouro Branco, Minas Gerais, Brazil. Auxiliaries will include a deslagging stand, material handling system, electrical substation and distribution.

Mittal Steel Completes Acquisition of 36.67% of Hunan Valin Steel

01 October 2005 - Mittal Steel Co. NV has received final approval relating to its acquisition of 36.67% of Hunan Valin Steel Tube & Wire Co. for a total consideration of US$338 million.

TKS Reshuffles Hoesch Hohenlimburg Management Board

01 October 2005 - ThyssenKrupp Steel recently announced several changes for the Management Board of Hoesch Hohenlimburg GmbH.

Arcelor Inaugurates Medium Section Mill at Belval in Luxembourg

01 October 2005 - Arcelor recently inaugurated the Belval Medium Sections Mill installed in its Esch-Belval site in Luxembourg.

LOI to Supply Heavy Plate Heat Treat Lines to Angang

01 October 2005 - Angang Group International Trade Co., China has awarded LOI Thermprocess a contract to supply two heat treatment plants for heavy-gauge steel plate.

Arcelor Maintains Focus on Profitable Global Growth

01 October 2005 - Arcelor participated in the auction for the sale of the 46.12% stake in Turkish steelmaker Eregli Demir ve Çelik Fabrikalari TAS (Erdemir) held by the Turkish Privatisation Administration.

Ugine & ALZ Starts up Carinox Steel Plant

01 October 2005 - Arcelor’s new Ugine & ALZ Carinox steel plant has produced its first heat.

Arcelor puts Shareholder Value Before Size in KryvorizhStal Auction

01 October 2005 - Arcelor participated in the auction for the sale of the 93.02% stake in Ukrainian steelmaker KryvorizhStal (KMK) held by the Ukrainian State Property Fund (SPF).

Former ThyssenKrupp Specialty Steels to Change Name

30 September 2005 - The North American distribution operations of the production mill Edelstahl-Witten-Krefeld GmbH (EWK) will be renamed Swiss Steel International NA.

Dietrich Metal Framing Announces UltraSTEEL Framing

23 September 2005 - Dietrich Metal Framing, a Worthington Industries company is introducing Dietrich UltraSTEEL(TM) metal framing products to the North American market.

ITC to Continue Antidumping Duty Orders on Stainless Pipe Fittings

21 September 2005 - The U.S. International Trade Commission (ITC) has determined that revoking an existing antidumping duty orders on stainless steel butt-weld pipe fittings from Japan, Korea, and Taiwan would be likely to lead to material injury within a reasonably foreseeable time.

U. S. Steel Adjusts Third Quarter Earnings Expectations

21 September 2005 - United States Steel Corp. expects third quarter results will be below the current range of earnings estimates reported by investment analysts. The company says that in late October, it will report significant declines in income for the Flat-rolled and U. S. Steel Europe segments, compared to second quarter results.

Siemens to Supply Drive Systems for Angang’s New Hot Rolling Mill

01 September 2005 - Siemens AG’s Industrial Solutions and Services (I&S) Group was recently awarded a contract to supply the main drives and associated control technology for a new hot strip mill for the Anshan Iron & Steel Group Co. (Angang) in China. The contract is worth around EUR 22 million.

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