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

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SMS Meer to Supply Section Finishing Line for Ferrosider

01 September 2005 - Bar steel manufacturer Ferrosider, Italy, has placed an order with SMS Meer SpA, Italy, for the supply of equipment for the finishing line and for online straightening of sections for their mill in Ospitaletto, Italy.

SMS Meer to Provide Finishing Line for Mechel Steel

01 September 2005 - The Mechel Steel Group, Russia, has placed an order with SMS Meer SpA, Italy, for the supply of a complete cooling bed and finishing line for bars for its mill in Chelyabinsk (OAO Chelyabinsk Integrated Iron & Steel Works).

Baotou Starts up New Danieli Temper Mill

01 September 2005 - Baotou I&S (Group) Co. Ltd., P.R. China, recently processed the first coil on its new Danieli temper mill in Baotou City, Inner Mongolia.

SMS Demag to Supply Tandem Pickling Line for China Shougang

01 September 2005 - China Shougang Corp. of Beijing, P.R. China, has placed an order with SMS Demag AG, Germany, for the supply of a coupled high-capacity tandem pickling line.

Xin Yu Starts up Danieli Thick Slab Caster

01 September 2005 - Xin Yu Iron & Steel Co. Ltd. in Jianxi Province, P.R. China, recently started up a new Danieli single-strand medium slab caster.

Acciaierie di Sicilia Commissions SMS Vertical Compact Coiler System

01 September 2005 - Acciaierie di Sicilia, Catania, Italy, has issued the acceptance certificate to SMS Meer SpA, Italy, for the successful final acceptance of the new Vertical Compact Coiler system (VCCTM).

Hunan Valin Starts up New Danieli Ladle Furnace

01 September 2005 - Hunan Valin I&S Group Co. Ltd. (Xiangtan), P.R. China, recently started up a new 120-tonne Danieli Ladle Furnace.

Morgan Commissions Rod Mill for Yuzhong Steel Works

01 September 2005 - Morgan Construction Co. has successfully commissioned a single-strand rod mill it designed, built and installed for Yuzhong Steel Works, Ltd., (JISCO Group), P.R. China.

Danieli to Supply Second SBQ Mill for Jiangyin XingCheng

01 September 2005 - Jiangyin XingCheng Special Steel Co Ltd., P.R. China, has awarded Danieli an order for a second and larger SBQ mill.

ThyssenKrupp Stahl to Increase Carbon Flat Products Prices

01 September 2005 - ThyssenKrupp Stahl AG will raise its prices for carbon flat steel products by €20 – €30/t in the 4th quarter of 2005.

Mittal Enters Mining Development Agreement with Government of Liberia

01 September 2005 - Mittal Steel Co. NV has entered into a Mining Development Agreement with the Government of Liberia. Once it has been ratified, the agreement will give Mittal Steel access to about 1 billion tonnes of rich iron ore reserves in Western Liberia.

Posco Establishes Foundation for Social Responsibility

01 September 2005 - Posco recently established the "Posco TJ Park Foundation" as part of its effort to expand its social contribution activities. It will be managed with KRW 100 billion and aims to fulfill Posco's social responsibilities as a sustainable company.

Arcelor Signs Global Agreement with Trade Union Federations

01 September 2005 - Arcelor has signed a worldwide agreement on principles of corporate social responsibility with the International Metalworkers' Federation (IMF) and the European Metalworkers' Federation (EMF). The global steelmaker is the first company in the steel industry to sign such an agreement.

Quanex Reports Fiscal 3rd Quarter Results

26 August 2005 - Quanex Corp. reported record income from continuing operations of $45.0 million on record net sales of $98.8 million for the fiscal third quarter. Diluted earnings per share from continuing operations were $1.71, a third quarter record and more than double year ago quarterly results of $0.82.

Latest MEPS Forecasts for World Steel Prices

12 August 2005 - MEPS (International) Ltd. reports that global markets continue to be oversupplied. By mid-year, world output of steel was 7.6% higher than the same period a year earlier. MEPS attributes the oversupply to continued overproduction in Asia, particularly China. Steel supply has been reduced recently across Europe, North America and South America. The situation is now recognized as being so critical that South Korean, Japanese and Taiwanese steelmakers are also cutting back in an effort to prop up prices.

ITC to Conduct Sunset Review of Carbon and Alloy Seamless Pipe Orders

08 August 2005 - The U.S. International Trade Commission (ITC) voted to conduct full five-year sunset reviews for antidumping duty orders on imports of carbon and alloy seamless standard, line, and pressure pipe from the Czech Republic, Japan, Mexico, Romania, and South Africa.

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