Steel News

Nippon Steel Adopts HSS Plate for Container Ship Applications

13 December 2007 - Nippon Steel has adopted plate made from its YP47kg steel -- a high strength steel with high fracture toughness -- for application on 10 large container ships being built by Hyundai Heavy Industries or Kawasaki Kisen Kaisha.

SeverStal Confirms Discussions with SeverCorr Management Team

13 December 2007 - SeverStal confirms that it is in discussions with the senior management team at SeverCorr regarding the new company’s ownership structure.

ArcelorMittal to Acquire MT Majdalani

12 December 2007 - ArcelorMittal announces its acquisition of M.T. Majdalani Y Cia. SA, Argentina’s leading stainless steel service center and distributor.

ArcelorMittal to Build Beam Mill in Contrecoeur, Restructure Canadian Operations

12 December 2007 - ArcelorMittal’s Canadian restructuring plans include consolidation of flat products production at the Dofasco facility in Hamilton, and long products production at the company’s ArcelorMittal Montreal facility in Contrecoeur, Que.

Steel Technologies to Consolidate Operations with Mi-Tech Steel

12 December 2007 - Steel Technologies announces plans to combine its operations with Mi-Tech Steel’s, creating a combined company that will operate a total network of 25 facilities and generate projected annual revenues of approximately $1.4 billion.

Global Industry Group Announces Future Steel Vehicle Research Program

12 December 2007 - The International Iron and Steel Institute's automotive group, WorldAutoSteel, announces the Future Steel Vehicle project during the United Nations Framework Convention on Climate Change conference in Bali.

ITC to Conduct Sunset Review of Steel Wire Rod Imports

11 December 2007 - The U.S. ITC votes to conduct full five-year sunset reviews of a  countervailing duty order on carbon and alloy steel wire rod from Brazil, and antidumping duty orders on wire rod from Brazil, Canada, Indonesia, Mexico, Moldova, Trinidad and Tobago, and Ukraine.

Evraz to Acquire Claymont Steel for $564.8 Million

11 December 2007 - Building on its recent acquisition of Oregon Steel, Evraz Group SA announces plans to expand its North American presence with the acquisition of Delaware-based Claymont Steel for an aggregate price of approximately US$564.8 million, including debt and net of cash.

Posco Restarts 3rd Gwangyang Blast Furnace

11 December 2007 - Posco restarted the 3rd blast furnace at Gwangyang Works following a successful 55-day repair campaign.

ArcelorMittal to Increase Long Products Prices in Middle East, Mediterranean

11 December 2007 - Strong demand and rising raw material and billet costs have prompted ArcelorMittal to announce an additional $30/ton price increase for long steel products out of the Black Sea for Turkey, Mediterranean, Middle East, and North African (MENA) destinations.

Nucor Welcomes Former Weirton Steel Chief to Board of Directors

11 December 2007 - Nucor announces the election of former Weirton Steel President and CEO John H. Walker to its board of directors, effective January 1, 2008.

ArcelorMittal Acquires Leading U.K. Steel Distributor

10 December 2007 - ArcelorMittal announces the acquisition of NSD Limited, a leading steel distribution company specializing in sales of heavy sections and tubes based in Scunthorpe, North Lincolnshire, U.K.

Parsytec to Supply 4th Surface Inspection System for North American Stainless

10 December 2007 - Parsytec AG will supply a surface inspection system to North American Stainless for a hot band annealing-pickling line at its Ghent, Ky., facility.

Schnitzer Steel Makes Changes to Financial Executive Group

10 December 2007 - Schnitzer Steel announces reassignment of responsibilities for several members of its financial executive team, including former CFO Greg Witherspoon, who has been reassigned to a new position as Vice President, Special Projects.

ArcelorMittal Enters Cooperative Agreement with China Oriental Group

10 December 2007 - ArcelorMittal enters into a Business Cooperation Agreement with China Oriental Group and its subsidiaries regarding shareholdings and management of the company.

Cash Tender Offer to Secure ArcelorMittal’s Position in Brazil

07 December 2007 - ArcelorMittal announces its intention to launch a de-listing cash offer to acquire the 43% outstanding shares in ArcelorMittal Inox Brasil SA that it does not yet own at a price of 100 Brazilian reals per share.

Danieli to Provide Wire Rod and Bar-in-Coil Mill for Walcownia Ostrowiec

07 December 2007 - Danieli will supply a new 400,000-tonnes/year high-speed wire rod and bar-in-coil mill for Walcownia Ostrowiec, a newly-formed company within the Interspeed Group.

ArcelorMittal Stocking up on Ferroalloys

07 December 2007 - ArcelorMittal’s agreement to acquire the assets of Central European ferroalloys manufacturer OFZ follows ArcelorMittal’s recent announcement of its entry into a 50/50 joint venture greenfield manganese project with South Africa’s Kalagadi Manganese.

Allegheny Technologies Elects New Director

07 December 2007 - Allegheny Technologies announces the election of J. Brett Harvey, President and CEO of Consol Energy, to the company’s Board of Directors.

U. S. Steel Prices $500 Million of Senior Unsecured Notes

07 December 2007 - United States Steel prices $500 million of 7.00% Senior Notes due 2018 at 99.087% of the principal amount.