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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.