Steel News

Posco to Construct Integrated Steelworks in India

01 July 2005 - Posco recently signed a memorandum of understanding with the Orissa State government of India for construction of an integrated steelworks and development of a mine at Bhubaneswar, the capital of Orissa.

Wheeling Corrugating Bridge Deck Showing up in Construction Projects

01 July 2005 - Wheeling-Pittsburgh Steel reports that steel deck made by the company's Wheeling Corrugating Company (WCC) will be used in many highway projects locally and throughout the United States.

Aceros Arequipa Achieves Top EAF Performances

01 July 2005 - Aceros Arequipa, Peru, recently achieved top EAF performance with their recently revamped 40-tonne EAF.

ThyssenKrupp Stahl and JFE Establish Joint Venture in Japan

01 July 2005 - Steel producers ThyssenKrupp Stahl AG, Germany, and JFE Steel Corp., Japan, have established a joint venture company, JEVISE Corp.

Steelworkers Ratify Agreement with Samuel Manu-Tech

01 July 2005 - United Steelworkers' Ontario Atlantic Director Wayne Fraser announced Thursday that the 105 members of Local 8782 have ratified a new, three-year collective agreement with the Nelson Steel metal processing facility owned by Samuel Manu-Tech Inc.

Kobe Steel to Strengthen Disaster Recovery Measures

01 July 2005 - Kobe Steel, Ltd. will implement a disaster recovery plan that includes a real-time backup system for its computer systems. The plan will enable operations to continue with minimal disruption in the event of a disaster.

CMI Group Acquires Majority Holding in UVK Group

01 July 2005 - The Belgian Group Cockerill Maintenance & Ingénierie (CMI), and UVK Group have signed a share purchase agreement. The agreement includes a majority share takeover by CMI.

Danieli to Supply Caster Furnaces and Breakdown Mill for Corus Scunthorpe

01 July 2005 - As part of Corus’ previously announced £130 million investment at Scunthorpe steelworks, Corus has placed a major contract with Danieli to install a new bloom caster and to develop the Rod Mill to accept direct-cast bloom feedstock.

AISI Joins the Metal Initiative

30 June 2005 - The American Iron and Steel Institute (AISI) has joined The Metal Initiative, a coalition of metal construction product manufacturers and suppliers created to communicate the value of metal roofing and siding for commercial building applications.

Novamerican Reports 30th Consecutive Profitable Quarter

30 June 2005 - Novamerican Steel Inc. announced net income of $8.7 million on sales of $218.0 million for the second quarter and net income of $18.8 million on sales of $424.3 million for the six months ended May 28, 2005.

Mittal Steel Announces Third Quarter Production Cutbacks

30 June 2005 - Mittal Steel Co. NV announced plans to reduce global production by one million tons in the third quarter of 2005. This follows similar reductions in the second quarter.

TXI Prices Senior Notes Issued by Chaparral Steel

30 June 2005 - Texas Industries, Inc. announced that its wholly-owned steel business, Chaparral Steel Co., has priced its $300 million aggregate principal amount senior notes due 2013 at 10%.

Universal Stainless Amends PNC Credit Agreement

29 June 2005 - Universal Stainless & Alloy Products, Inc. has amended its credit agreement with PNC Bank, which consists of a PNC Term Loan and a PNC Revolving Line of Credit.

Steelworkers Ratify Agreement with B & T Steel

29 June 2005 - Members of the United Steelworkers' Local 8925 have ratified a new, three-year agreement with B & T Steel, a division of Russel Metals Inc.

CMC Opens New Birmingham Scrap Processing Facility

29 June 2005 - Commercial Metals Co. opened its newest scrap processing facility in Birmingham, Ala.

Elyria Recycling Agrees to EPA Order

29 June 2005 - U.S. Environmental Protection Agency Region 5 has issued an administrative consent order to Elyria Recycling Co. that requires the company to comply with federal regulations to protect stratospheric ozone at the company's scrap processing facility in Elyria, Ohio.

Lone Star Terminates Strategic Alliance with Tubos Del Caribe

29 June 2005 - Lone Star Technologies, Inc. announced that its largest subsidiary, Lone Star Steel Co., and Tubos del Caribe, SA (Tubocaribe), Colombia, have terminated their strategic alliance, following a change of ownership of Tubocaribe. The exclusive agreement was due to expire in October 2006.

Stelco Obtains Conditional Extension of Stay Period

28 June 2005 - Stelco Inc. has been granted an Order of the Superior Court of Justice (Ontario) extending the stay period under its Court-supervised restructuring from July 8, 2005 until July 18, 2005.

Wheeling-Pittsburgh Revises 2nd Quarter Expectations

28 June 2005 - Continued softness in the flat rolled carbon sheet market has prompted Wheeling-Pittsburgh Corp. to revise second quarter shipment expectations from 569,000 to 545,000 tons, and expected production from 654,000 to 600,000 tons.

CITT Rescinds Hot Rolled Steel Plate Orders

28 June 2005 - The Canadian International Trade Tribunal (CITT) has rescinded its June 27, 2000, finding on dumped hot rolled carbon steel plate from Brazil, Finland, India, Indonesia, Thailand and Ukraine and subsidized hot rolled carbon plate from India, Indonesia and Thailand.