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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
AK Steel Processes First Heat through New Ashland Degasser
01 August 2005 - AK Steel has processed the first heat of molten steel through a new vacuum degasser at its Ashland, Ky., Works.
Siemens VAI to Supply Hot Strip Mill for Mittal Steel
01 August 2005 - Mittal Steel has announced plans to build a new hot strip mill in Cracow, Poland. The new 2.4 million tonnes/year mill, which will be able to roll steel strips up to 2100 mm wide, will be among the largest of its kind in Europe.
Posco Jumps 85 Places in Fortune’s 2005 Global 500
01 August 2005 - Moody's has upgraded Posco from A3 to A2, which is even higher than the national credibility grade for all of Korea (A3). Posco’s new rating is the highest among the credibility grades of all blast furnaces of the world, and is the second highest among all steelworks after Nucor, which is ranked as A1.
ThyssenKrupp Stahl and Dusseldorf Government Conclude Air Pollution Control Agreement
01 August 2005 - ThyssenKrupp Stahl AG and the District Government of Düsseldorf have signed an agreement to reduce particulate air pollution in the north of Duisburg. The agreement was prompted by the District Government’s requirement to draw up an action plan. This links up with the Air Pollution Control Plan of Fall 2004 and is aimed at achieving a fast reduction in particulate air pollution (PM 10).
Stelco Court Monitor Files 34th Report
01 August 2005 - Stelco Inc.’s court-appointed Monitor has filed its thirty-fourth report regarding the company's Court-supervised restructuring. The Report provides the Court with updated information regarding the process for the filing of and determination of claims by the USW International and USW Locals 8782 and 5328.
SMS Demag to Supply Gas Generating Plant for Aceralia
01 August 2005 - Aceralia Corporación Siderúrgica, SA (Arcelor Group), Spain, has placed an order with SMS Demag, Germany, to expand the gas generating plant for two 290-tonne converters in the LD Steel Plant A in Avilés.
SMS Meer to Supply New Stand Group for Arcelor
01 August 2005 - F. Bonelli y Cia., Argentina, has placed an order with SMS Meer, Italy, for the supply of three new convertible stand groups for the mill in San Nicolás, Argentina.
Mittal Steel Selects Broner as Corporate MES and Scheduling Solutions Provider
01 August 2005 - Broner Metals Solutions has been selected by Mittal Steel as the standard for Production Scheduling and Manufacturing Execution Systems (MES) throughout all of Mittal Steel.
SMS Demag to Supply Slab Caster to Mittal for Dabrowa Gornicza
01 August 2005 - Mittal Steel, Poland, awarded SMS Demag AG, Germany, a contract for the turnkey supply of a twin-strand slab caster for its Dabrowa Gornicza (formerly Huta Katowice) works.
Posco Completes Plate Mill II Improvements
01 August 2005 - The Plate Rolling Dept. of Posco’s Pohang Works recently held a ceremony to commemorate completion of improvements in the Plate Mill II, making its first step to launching a system of high-quality steel production.
ThyssenKrupp Stahl Reshuffles Management Board at Rasselstein
01 August 2005 - Effective October 1, 2005, two new directors will join the management board of Rasselstein GmbH in Andernach:
Arcelor to Combine Brazilian Operations in a Single Company
01 August 2005 - Arcelor will combine all its Brazilian long and flat carbon steels businesses — CST, Vega do Sul and Belgo — in a single company. Arcelor will hold the majority stake in the new company, which will be listed on Brazil's São Paulo stock exchange.
ThyssenKrupp Approved for Brazilian Steel Mill Project
01 August 2005 - The supervisory bodies of ThyssenKrupp have endorsed the continued pursuit of the project to build a steel mill in Brazil.
ThyssenKrupp Stahl Approved for Blast Furnace Installation
01 August 2005 - The Düsseldorf district authority granted approval to ThyssenKrupp Stahl AG for the construction of Blast Furnace No. 8. The investment is the centerpiece of a modernization program for the company’s hot metal base in Duisburg-Hamborn, which also includes the relining of nearby Blast Furnace No. 9. The 41-year-old Blast Furnace No. 4 will then be shut down and kept only as a back-up unit. The concept is to be implemented by 2008 at a total cost of €340 million.
Norambar Establishes New Credit Facility
01 August 2005 - Norambar Inc. has obtained an arrangement for a new credit facility.
Timken Reports Record 2nd Quarter Results
29 July 2005 - The Timken Co. reported net income of $67.3 million on sales of $1.3 billion for the second quarter of 2005. Results reflect a 17% increase in sales and more than doubling of earnings per share compared to a year ago.
Allegheny Technologies Reports Strong 2nd Quarter Results
28 July 2005 - Allegheny Technologies Inc. (ATI) reported net income of $91.7 million on sales of $904.2 million for the second quarter 2005.
Ipsco Reports Record 2nd Quarter Results
28 July 2005 - Ipsco Inc. announced net income of $126 million on sales of $667 million for the second quarter of 2005. and net income of $281 million on sales of $1,413 million for the first six months of 2005.
Dofasco Posts Solid 2nd Quarter Results
28 July 2005 - Dofasco Inc. reported consolidated net income of $59.2 million on consolidated sales of $1,061.0 million for the second quarter of 2005.
Steelworkers Local 8782 Issues Strike Notice to Stelco
28 July 2005 - The United Steelworkers' Local 8782 has sent a letter to Stelco Inc. CEO Courtenay Pratt, informing him that, as of Wednesday, July 27 2005, the union is serving 90-day strike notice.
