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The latest news on the companies producing steel or raw materials used in the iron- and steelmaking process.

Latest News

Ispat Inland Announces Redemption of Series R Bonds

07 September 2005 - Ispat Inland Inc. announced that it has called for redemption the $27,851,000 principal amount of its outstanding First Mortgage 7.9% Bonds, Series R, due January 15, 2007.

Ipsco Works to Maintain Shipments Despite Transportation Uncertainties

07 September 2005 - Ipsco reported that its Mobile, Ala., Steelworks sustained minimal damage from Hurricane Katrina, and was able to return to normal production levels within two days.

Keystone Emerges from Chapter 11 Bankruptcy Proceedings

06 September 2005 - Keystone Consolidated Industries, Inc. announced that it emerged from Chapter 11 bankruptcy proceedings on August 31, 2005.

Hydrogen Gas Supply Issues to Impact SDI Process Lines

06 September 2005 - Steel Dynamics, Inc. has notified its customers for cold rolled, galvanized and painted sheet products that, until it can make alternative hydrogen gas supply arrangements, it is suspending order entry for these hydrogen gas-dependent, value-added products.

Ipsco and its Employees Support Hurricane Relief

05 September 2005 - Ipsco is donating $500,000 to the Alabama Gulf Coast Chapter of the American Red Cross to be used in Hurricane Katrina relief work.

Stelco Continues to Pursue Plan of Arrangement

02 September 2005 - Stelco Inc. is continuing active discussions with stakeholders concerning its intention to introduce a plan of arrangement under the Companies' Creditors Arrangement Act that would enable Stelco to exit Court protection. The company notes that it is continuing to develop a detailed plan designed to help the company emerge as a viable and competitive steel producer in the North American market environment.

Stelco Court Monitor Files 35th Report

01 September 2005 - Stelco Inc.’s court-appointed Monitor has filed its thirty-fifth report regarding the company's Court-supervised restructuring. The Report provides updated information regarding the previously-announced agreement for the sale of substantially all of the assets of Stelpipe Ltd. to Romspen Investment Corp.

U. S. Steel Reports Management Appointments in Commercial Organization

01 September 2005 - United States Steel Corp. announced that J. James Kutka has been appointed Senior Vice President—Commercial, effective September 1.

Siemens to Supply Drive Systems for Angang’s New Hot Rolling Mill

01 September 2005 - Siemens AG’s Industrial Solutions and Services (I&S) Group was recently awarded a contract to supply the main drives and associated control technology for a new hot strip mill for the Anshan Iron & Steel Group Co. (Angang) in China. The contract is worth around EUR 22 million.

Posco Secures Stable Supply of Iron Ores from Australia

01 September 2005 - Posco recently made an early extension to its iron ore supply contract with Rio Tinto of Australia.

ThyssenKrupp Stahl Opens New Tailored Blank JV in China

01 September 2005 - ThyssenKrupp Tailored Blanks GmbH, a subsidiary of ThyssenKrupp Stahl, recently inaugurated a new tailored blank production facility in Changchun, northern China. The new company – TKAS (Changchun) Tailored Blanks Ltd. – is a joint venture between ThyssenKrupp Tailored Blanks GmbH and Angang New Steel Co. Ltd.

Posco Named to Dow Jones Sustainability Indexes

01 September 2005 - Posco was recently selected by Dow Jones and Swiss SAM (Sustainable Asset Management) as a leading company for sustainability in the steel industry.

Arcelor Closes Acquisition of Huta Lucchini Warszawa

01 September 2005 - The closing of the acquisition by Arcelor of Lucchini's crude steel production asset in Poland as well as Lucchini's Polish scrap companies Silscrap and Crapex was recently signed in Warsaw, Poland. The closing completes a transaction initiated on February 17th, 2005, with the signature of a Memorandum of Understanding between Arcelor and the Lucchini Group and follows the approval given by the competition authorities.

ThyssenKrupp Steel Confirms Major Fire at Electrolytic Coating Line

01 September 2005 - ThyssenKrupp Steel confirmed the outbreak of fire on Electrolytic Coating Line No. 2 (EBA 2) at 7:30 p.m. on Wednesday evening, September 14.

Mittal Steel Announces European Price Increases for Fourth Quarter

01 September 2005 - Mittal Steel Co. NV announced price rises for Mittal Steel Europe for the fourth quarter of 2005.

ThyssenKrupp Stahl to Increase Carbon Flat Products Prices

01 September 2005 - ThyssenKrupp Stahl AG will raise its prices for carbon flat steel products by €20 – €30/t in the 4th quarter of 2005.

Mittal Enters Mining Development Agreement with Government of Liberia

01 September 2005 - Mittal Steel Co. NV has entered into a Mining Development Agreement with the Government of Liberia. Once it has been ratified, the agreement will give Mittal Steel access to about 1 billion tonnes of rich iron ore reserves in Western Liberia.

Posco Establishes Foundation for Social Responsibility

01 September 2005 - Posco recently established the "Posco TJ Park Foundation" as part of its effort to expand its social contribution activities. It will be managed with KRW 100 billion and aims to fulfill Posco's social responsibilities as a sustainable company.

Arcelor Signs Global Agreement with Trade Union Federations

01 September 2005 - Arcelor has signed a worldwide agreement on principles of corporate social responsibility with the International Metalworkers' Federation (IMF) and the European Metalworkers' Federation (EMF). The global steelmaker is the first company in the steel industry to sign such an agreement.

Steelworkers Vote to Strike if Necessary Against Heico-Ivaco

01 September 2005 - United Steelworkers Ontario/Atlantic Director Wayne Fraser announced results of a strike vote by members of Locals 8794 and 7940 at the Heico-owned former Ivaco steelmaking facility in Hawkesbury. Results of the vote were 99.5% in the meltshop and 96% in the rod mill, in favor of strike action if necessary by the deadline of September 16.