Steel News

Siemens to Modernize Bokaro Steel Hot Mill

01 November 2005 - Siemens’ Industrial Solutions and Services (I&S) Group recently received an order from Bokaro Steel Plant (BSL) for the modernization of their hot-rolling mill at Bokaro, India.

ThyssenKrupp to Increase Prices in January

01 November 2005 - ThyssenKrupp Steel AG recently announced it would increase its prices by €20/t for hot-rolled, cold-rolled and coated products as well as non-grain-oriented electrical steel sold under quarterly contracts. The increases will become effective on January 1, 2006.

Arcelor, Baosteel and Nippon Celebrate Opening for Automotive Sheet Facility

01 November 2005 - Arcelor, Baosteel and Nippon Steel recently celebrated the opening of their automotive steel sheet joint venture, Baosteel-NSC/Arcelor Automotive Steel Sheet Co., Ltd. (BNA) in Shanghai.

Stein Heurtey to Supply Walking Beam Furnace for VA Stahl Upgrade

01 November 2005 - Stein Heurtey was recently awarded a contract by voestalpine Stahl GmbH for the turnkey supply of a 420 tonnes per hour Digit@l walking beam furnace. Stein Heurtey will also supply the charging and discharging machines.

Concast to Supply Ladle Furnace for Gerdau Acominas Ouro Branco

01 November 2005 - Concast AG, Switzerland, and its subsidiary Concast Metalurgia Ltda., Brazil, have been awarded a major contract from Gerdau Açominas to supply a 230-tonne ladle furnace and auxiliaries for the company’s Ouro Branco facility in Minas Gerais, Brazil.

Siemens to Supply Replacement Converter for Ahmsa

01 November 2005 - Altos Hornos de Mexico, SA de CV (Ahmsa) recently awarded the VAI Division of Siemens Group Industrial Solutions and Services (I&S) a contract to engineer and supply a new 60-ton replacement converter. The contract value is EUR 1.67 million.

Danieli to Upgrade Bar Finishing Line at Gerdau Riograndense

01 November 2005 - Gerdau Riograndense, Brazil, recently awarded an order to Danieli Morgårdshammar to upgrade its bar and light section rolling mill.

WISCO Orders Two Additional Parsytec Systems

01 November 2005 - Wuhan Iron and Steel Co. (WISCO) has placed an order with Parsytec for surface inspection technology systems for two cold rolling annealing lines.

Rasselstein Starts up SMS Demag Tin Line

01 November 2005 - Rasselstein GmbH of Andernach, Germany, recently produced the first tinned coil in its new electrolytic tinning line supplied by SMS Demag.

Danieli to Supply Wire Rod Mill for Diler Demir Celjk

01 November 2005 - Diler Demir Çeljk, Turkey, has contracted Danieli Morgårdshammar to install a high-speed wire rod mill at the 1.2 million tonnes per year steel complex in Gebze.

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.