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World

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

Latest News

Mittal Steel in Talks with Baotou Steel

29 December 2005 - Mittal Steel Co. has confirmed that it is involved in discussions with Baotou Iron and Steel Group Co., Ltd. about a possible participation in this company.

Arcelor to Enhance Offer for Dofasco Acquisition

26 December 2005 - Arcelor SA announced last week its intention to make an enhanced all-cash offer to acquire all of the outstanding common shares of Canadian steelmaker Dofasco Inc. at C$63.00 per share.

Ispat Inland to Merge with Mittal Steel USA ISG

23 December 2005 - Mittal Steel Co. NV is merging wholly owned U.S. operating subsidiaries Mittal Steel USA ISG Inc. and Ispat Inland Inc.

CMC Reports Near-Record First Quarter

22 December 2005 - Commercial Metals Co. reported first quarter net earnings of $69.6 million on net sales of $1.6 billion for the quarter ended November 30, 2005.

IISI Reports World Crude Steel Production for November 2005

21 December 2005 - Figures released by the International Iron and Steel Institute (IISI) show that world crude steel production for the 61 countries reporting stood at an estimated 94.1 million tonnes in November — 4.1% higher than for the November 2004. Year-to-date world crude steel production has already exceeded 1 billion tonnes for the year. (2004 was the first year in which the world produced more than one billion tonnes of crude steel.)

WL Ross Completes Purchase of VTG

16 December 2005 - WL Ross & Co. LLC has completed its acquisition of rail logistics company VTG from TUI AG.

Imsa Acero to Invest US$120 million to Increase Production Capacity

16 December 2005 - Grupo Imsa’s Board of Directors has authorized a US$120 million investment a new continuous industrial line to galvanize and paint high-specification steel at Imsa Acero’s facilities in Monterrey, Mexico.

Trade Associations Endorse Conclusions of U.S.-China Commission Report

09 December 2005 - Representatives of NAFTA steel industry trade associations endorsed key trade conclusions of the recently released “November 2005 Report to Congress of the U.S.-China Economic and Security Review Commission.”

ITC to Conduct Sunset Reviews for Stainless Pipe from Korea and Taiwan

07 December 2005 - The U.S. International Trade Commission (ITC) announced it will conduct full five-year reviews of the antidumping duty orders on welded stainless steel pipe imported from Korea and Taiwan (Inv. Nos. 731-TA-540 and 541 (Second Review)).

Dofasco and ThyssenKrupp Announce Mailing of Bid Circular

06 December 2005 - ThyssenKrupp AG has mailed its bid circular to Dofasco shareholders regarding its offer to acquire all of Dofasco's outstanding common shares in a friendly, all-cash transaction.

Commerce Department Initiates Investigations on Wire Rod Imports

05 December 2005 - The Department of Commerce has announced it will initiate antidumping duty investigations on imports of Carbon and Certain Alloy Steel Wire Rod from P.R. China, Germany, and Turkey.