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Producers
The latest news on the companies producing steel or raw materials used in the iron- and steelmaking process.
Latest News
Dofasco and ThyssenKrupp Announce Mailing of Bid Circular
06 December 2005 - ThyssenKrupp AG has mailed its bid circular to Dofasco shareholders regarding its offer to acquire all of Dofasco's outstanding common shares in a friendly, all-cash transaction.
Timken Receives Disbursement Under U.S. Trade Law
05 December 2005 - The Timken Co. has received approximately $81 million under the U.S. Continued Dumping and Subsidy Offset Act (CDSOA) for 2005.
Commerce Department Initiates Investigations on Wire Rod Imports
05 December 2005 - The Department of Commerce has announced it will initiate antidumping duty investigations on imports of Carbon and Certain Alloy Steel Wire Rod from P.R. China, Germany, and Turkey.
Paulson Announces Slate for Algoma Shareholder Meeting
02 December 2005 - Paulson & Co. Inc., a major shareholder of Algoma Steel Inc., has announced its nominees for the Algoma board of directors. In November, Paulson had requisitioned a special shareholder meeting to replace a majority of current Algoma directors.
Stelco to Sell AltaSteel
02 December 2005 - Stelco Inc. has entered into a definitive agreement for the sale of AltaSteel Ltd.’s assets of to Scaw Metals Group, one of Africa's largest diversified iron, steel and engineering works.
Steel Dynamics to Expand Bar Processing at Pittsboro
01 December 2005 - Steel Dynamics, Inc. announced plans to expand operations at its Bar Products mill in Pittsboro, Ind., with additional downstream finishing operations for its special-bar-quality (SBQ) steel bar production.
Mittal to Restructure Weirton Plant Around Tinplate Operations
01 December 2005 - Mittal Steel USA announced to employees at its Weirton, W.Va., facility that it does not plan to restart the plant's ironmaking and steelmaking operations.
ThyssenKrupp Steel Employees Receive Special Bonus
01 December 2005 - The almost 20,000 employees of ThyssenKrupp Steel AG are to share in the record earnings of the largest single company in the ThyssenKrupp Group.
Siemens VAI to Replace Cosipa Slab Caster
01 December 2005 - Siemens’ Industrial Solutions and Services Group (I&S) has received an order from flat-steel producer Companhia Siderúrgica Paulista (Cosipa), Brazil, to replace their existing Slab Caster No. 3 located in Cubatão.
Restructuring Efforts Pay off for ThyssenKrupp Electrical Steel
01 December 2005 - ThyssenKrupp Steel is beginning to reap the benefits of restructuring its electrical steel operations. For the 2004/2005 fiscal year, subsidiary ThyssenKrupp Electrical Steel GmbH reported an eight-figure profit, which compares with a high eight-figure loss a year earlier.
Mittal Steel Increases Shareholding in Mittal Steel Zenica to 92%
01 December 2005 - Mittal Steel Co. NV has acquired a further 41% stake in Mittal Steel Zenica from the Kuwaiti Investment Agency for US$98 million.
Arcelor to Buy Stake in Two Costa Rican Long Carbon Steel Producers
01 December 2005 - Arcelor's Brazilian unit Arcelor Brasil has signed an agreement to buy a 50% stake of the capital of the Costa Rican companies Laminadora Costarricense SA and Trefileria Colima from Grupo Pujol Marti.
Arcelor Enters Into Strategic Partnership for Erdemir
01 December 2005 - Arcelor and the Turkish pension fund Ordu Yardimlasma Kurumu (OYAK) have agreed that Arcelor will acquire 41% of Ataer Holding AS, a wholly owned OYAK subsidiary that was founded to acquire a 49.29% equity stake of Eregli Demir ve Celik Fabrikalari AS (Erdemir).
Ipsco Wins Quality Award for Alabama Steelworks
01 December 2005 - Ipsco Inc.'s Alabama Steelworks has been named one of the winners of the 2005 Alabama Quality Awards.
October Steel Imports 18% Higher than Previous Month
30 November 2005 - The United States imported a total of 2,726,000 net tons (NT) of steel in October according to the latest report by the American Iron and Steel Institute (AISI), which is based on preliminary Census Bureau data. The total included 1,995,000 net tons of finished steel.
Gerdau Ameristeel to Resume Normal Operations at Beaumont Mill
30 November 2005 - Gerdau Ameristeel announced that it will resume normal operations at its steel wire rod mill in Beaumont, Texas, on December 12, 2005.
Surma to Replace Usher as Chairman of U. S. Steel
30 November 2005 - United States Steel Corp.’s board of directors has elected John P. Surma Jr. chairman of the board, effective February 1, 2006.
SMS Demag to Supply Meltshop, CSP, and Finishing Equipment for SeverCorr
28 November 2005 - SeverCorr LLC has placed an order with SMS Demag, Germany, for the supply of all production facilities for its integrated works, ranging from steelmaking to the hot strip mill, cold rolling mill and strip surface finishing.
Key Stelco Stakeholders Reach Agreement on Restructuring Plan
25 November 2005 - Key Stelco stakeholders have reached a consensual agreement on the economic terms of a restructuring plan.
Arcelor Extends Take-Over Bid for Dofasco
24 November 2005 - Dofasco Inc.’s Board of Directors is reviewing an unsolicited all-cash takeover bid from Arcelor SA for all outstanding Dofasco common shares.
