Steel News

Arcelor Enters Into Strategic Partnership for Erdemir

01 December 2005 - Arcelor and the Turkish pension fund Ordu Yardimlasma Kurumu (OYAK) have agreed that Arcelor will acquire 41% of Ataer Holding AS, a wholly owned OYAK subsidiary that was founded to acquire a 49.29% equity stake of Eregli Demir ve Celik Fabrikalari AS (Erdemir).

SMS Demag to Supply Meltshop, CSP, and Finishing Equipment for SeverCorr

28 November 2005 - SeverCorr LLC has placed an order with SMS Demag, Germany, for the supply of all production facilities for its integrated works, ranging from steelmaking to the hot strip mill, cold rolling mill and strip surface finishing.

Arcelor Extends Take-Over Bid for Dofasco

24 November 2005 - Dofasco Inc.’s Board of Directors is reviewing an unsolicited all-cash takeover bid from Arcelor SA for all outstanding Dofasco common shares.

Worthington Industries Forms Dietrich Construction Group

11 November 2005 - Worthington Industries announced the formation of Dietrich Construction Group to advance the use of light gauge steel framing in the construction marketplace.

Mittal Steel Proposes to Refund Outstanding Revenue Bonds

11 November 2005 - Mittal Steel Co. NV has proposed the refunding of some or all of the following outstanding revenue bonds:

Domestic Wire Rod Producers File Unfair Trade Cases Filed

11 November 2005 - Five domestic producers of carbon and alloy steel wire rod have filed antidumping duty petitions charging that dumped wire rod imports from P.R. China, Germany and Turkey cause material injury to the domestic industry. The petitioners allege antidumping margins of 330% for P.R. China, 42 to 82% for Germany, and 31 to 78% for Turkey.

Siemens to Supply Ladle Met Facility to Sheffield Steel

09 November 2005 - Sheffield Steel Corp. has awarded the Siemens Group Industrial Solutions and Services (I&S) a contract for a new 85-ton ladle furnace.

ITC to Uphold Duty Orders for Cut-to-Length Plate from Five Countries

09 November 2005 - The U.S. International Trade Commission (ITC) will uphold existing antidumping and countervailing duty orders on cut-to-length carbon steel plate imports from India, Indonesia, Italy, and Korea, as well as an antidumping duty order on cut-to-length carbon steel plate imports from Japan. However, an existing antidumping duty order on cut-to-length carbon steel plate imports from France will be revoked.

Gibraltar Reports 3rd Quarter Sales and Earnings

04 November 2005 - Gibraltar Industries, Inc. reported net income of $12.7 million on sales of $282 million for the third quarter, and net income of $39.3 million on sales of $844 million for the nine months ended September 30, 2005.

Siemens to Provide Electrical Systems for New Wuyang Slab Caster

01 November 2005 - The Siemens Industrial Solutions and Services Group (I&S) has received an order from Wuyang Iron and Steel Co., China, to equip a new single-strand continuous slab-casting plant with electrical systems.

Anshan Commissions New SMS Mevac RH Unit

01 November 2005 - Anshan New Iron & Steel Co., Ltd., P.R. China, has successfully commissioned its second RH-recirculation degasser, delivered by SMS Mevac GmbH.

Morgan Commissions Brandenburg Mill Upgrade

01 November 2005 - Morgan Construction Co. has successfully commissioned an upgrade that it designed, built and installed to the four-strand rod mill of BES Brandenburger Elektrostahlwerke GmbH, Germany.

Stein Heurtey to Supply Annealing Furnace Technology to Panzhihua I&S

01 November 2005 - Panzhihua Iron & Steel Co. (Pangang) recently awarded Stein Heurtey an order to supply vertical annealing furnace technology for its new continuous galvanizing line to be located at Chengdu, P.R. China.

Siemens to Modernize HKM Slab Caster

01 November 2005 - The Siemens Industrial Solutions and Services Group (I&S) has received an order from Hüttenwerke Krupp Mannesmann GmbH (HKM), Germany, to modernize its continuous slab caster No. 2. Valued at around five million euros, the project includes all process-control, automation and drive equipment.

SMS Demag Upgrades Baotou CSP Caster

01 November 2005 - SMS Demag AG, Germany, has successfully completed its modernization of the twin-strand compact strip production (CSP®) facility at Baotou Iron & Steel Group, P.R. China.

Siemens to Supply New Main Drive for ThyssenKrupp Tandem Cold Mill

01 November 2005 - The Siemens Industrial Solutions and Services Group (I&S) has received an order from ThyssenKrupp Steel AG to supply a new main drive for the BETA coupled tandem pickling line at its Dortmund plant. The order is valued at approximately three million euros.

Danieli to Supply Three More Spooler Plants for Celsa Group

01 November 2005 - Celsa recently awarded Danieli orders for three high-capacity Spooler lines to be installed at its Cardiff (U.K.), Castellbisbal (Spain), and Huta Ostrowiec (Poland) bar mills. The order follows Danieli’s successful spooler line installation at Celsa’s Nervacero SA, Vizcaya plant in Spain.

Calvi and Hoesch Hohenlimburg to Merge Special Profiles Interests

01 November 2005 - The Italian Calvi Holding Group and Hoesch Hohenlimburg GmbH have agreed in principle on the sale to Calvi of a 75.1% majority interest in the special profiles operations of Hoesch Hohenlimburg. The merger will create the world’s largest and technologically leading manufacturer of rolled, extruded and cold-drawn special profiles.

Arcelor to Increase Stake in Brazilian Stainless Steel Producer Acesita

01 November 2005 - Arcelor recently entered into a definitive agreement with two Brazilian pension funds regarding its acquisition Acesita SA common shares representing 25% of the Brazilian stainless steel producer's voting capital and 8% of its total capital stock.

Outokumpu to Cease Production of Coil Products in Sheffield

01 November 2005 - Outokumpu recently announced it would cease the operations of its Coil Products Sheffield (CPS) business unit in the UK. The decision follows a thorough review of its stainless steel cold rolling operation in Sheffield.