Steel News

BSE Implements VLB Technology in Korea

01 November 2005 - Badische Stahl Engineering, GmbH (BSE) has successfully introduced and implemented its VLB (Virtual Lance Burner) Oxygen and Carbon Injection technology in Korea and Taiwan.

Danieli to Supply EWR Billet Welding Lines at Al Ittefaq Steel

01 November 2005 - Al Ittefaq Steel, Saudi Arabia, recently contracted Danieli to supply new EWR® Endless Welding Rolling lines for the company’s rolling mills in Damman and Jeddah.

Siemens VAI to Provide Blast Furnace for Jindal South West Steel

01 November 2005 - Jindal South West Steel Ltd. (JSW Steel), India, recently signed a contract with Siemens for a new blast furnace (No. 3) and for the modernization of an existing blast furnace (No. 1) at its iron and steel works located in Toranagallu, India.

Outokumpu Initiates Employee and Union Consultations

01 November 2005 - Outokumpu has started employee and union consultations as part of its fixed cost reduction program.

Tenaris Makes Binding Offer to Acquire Welded Pipe Assets in Argentina

01 November 2005 - Tenaris SA has made a binding offer to acquire the welded pipe assets and facilities of Acindar Industria Argentina de Aceros SA (Acindar) located in Villa Constitucion, Santa Fe, for approximately US$28 million. Negotiations were conducted through Tenaris’ Argentine welded pipe subsidiary, Siat SA.

Mittal Steel Completes Acquisition of Kryvorizstal

01 November 2005 - Mittal Steel Co. NV has completed its acquisition of 93.02% of Kryvorizhstal.

Allegheny Technologies Reports Strong 3rd Quarter Results

27 October 2005 - Allegheny Technologies Inc. reported net income of $88.3 million on sales of $861.7 million for the third quarter, and net income of $241.0 million on sales of $2,645.5 million for the first nine months of 2005.

Elk Valley Coal Enters 10-Year Sales Agreement with JFE Steel

25 October 2005 - Fording Canadian Coal Trust and Teck Cominco Limited announced that Elk Valley Coal and JFE Steel Corp. of Japan have entered into a strategic collaborative relationship that seeks stable sales and supply of Elk Valley Coal hard coking coal.

Nucor Reports 3rd Quarter Results

21 October 2005 - Nucor Corp. announced consolidated net earnings of $291.9 million on consolidated net sales of $3.03 billion for the third quarter, and record consolidated net earnings of $969.3 million on consolidated net sales of $9.49 billion for the first nine months of 2005.

ITC to Uphold Antidumping Duties for Butt-Weld Pipe Fittings

19 October 2005 - The U.S. International Trade Commission (ITC) announced it will uphold existing antidumping duty orders on carbon steel butt-weld pipe fittings from Brazil, China, Japan, Taiwan, and Thailand.

Mittal Steel USA Adopts Katrina-Ravaged Community of Long Beach

12 October 2005 - Mittal Steel USA is focusing its Katrina rebuilding efforts on the beachfront town of Long Beach, Miss., which was devastated by the recent hurricane.

ITC Announces Remedy Proposals for Welded Steel Pipe from China

12 October 2005 - The U.S. International Trade Commission (ITC) announced the remedy proposals it will forward to the President and the U.S. Trade Representative (USTR) in its China safeguard investigation concerning circular welded non-alloy steel pipe from China.

Reliance Steel & Aluminum to Enter Chinese Market

11 October 2005 - Reliance Steel & Aluminum Co. has reached an agreement with New Wave Technologies Ltd., a Singapore public company, and its associate, Manufacturing Network Pte. Ltd. (MNPL), based in Singapore, to form a joint venture company, Reliance Pan Pacific, Pte. Ltd.

Mittal Steel USA Selects Corporate Headquarters Location

10 October 2005 - Mittal Steel has chosen Chicago's Loop for its U.S. headquarters.

ITC to Conduct Sunset Review for Pipe and Tube Imports

06 October 2005 - The U.S. International Trade Commission (ITC) has voted to conduct full five-year (sunset) reviews of the countervailing and antidumping duty orders on pipe and tube imported from Argentina, Brazil, India, Korea, Mexico, Taiwan, Thailand, and Turkey.

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.