Open / Close Advertisement

Producers

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

Latest News

SMS Demag Innse to Supply Inline Skinpass Mill for TKAST

01 January 2005 - ThyssenKrupp Acciai Speciali Terni SpA (TKAST), Italy, has placed an order with SMS Demag Innse SpA, Italy, for an inline skinpass mill and associated equipment. The mill will be installed at the exit side of the existing cold strip anneal and pickle line.

Magnum Metal Process Inaugurates New Office

01 January 2005 - Value-engineered solutions provider Magnum Integrated Technologies Inc. recently opened a new office in Pune, India, as part of the company’s wholly owned subsidiary Magnum Metal Process Technologies Pvt. Ltd.

Mittal Steel Announces US$3.2 Billion Credit Facility

01 January 2005 - Newly formed Mittal Steel Co. NV announced that it has mandated ABN AMRO, Citigroup Global Markets Limited, Deutsche Bank AG London and HSBC Bank plc (as Mandated Lead Arrangers and Bookrunners) and CSFB and UBS Limited (as Mandated Lead Arrangers) to arrange a US$3.2 billion unsecured revolving credit facility. The credit facility has been fully underwritten by the Mandated Lead Arrangers. It is expected to launch to the market at the end of January.

SMS Demag to Provide Flying Crank Shear for Cockerill Sambre

01 January 2005 - Cockerill Sambre (Arcelor Group), Belgium, has purchased a modern flying crank shear and a scrap sorting facility from SMS Demag, Germany. The equipment will be installed at the company’s Kessales site in Liège, Belgium.

VAI Reports Strong Order Book for January

01 January 2005 - Building on its record year 2004, VAI has continued its successful business development at the beginning of 2005. As Gerhard Falch, Voest-Alpine Industrieanlagenbau GmbH Chairman and Vice-Chairman of VA Technologie AG explains, “Due to the taking effect of the major orders from Hadeed worth around EUR 340 million, negotiated and agreed upon in October 2004, and other contracts worth more than EUR 160 million from Saudi Arabia, the CIS, China, Iran, Poland and Turkey, VAI can already point to an order intake in January 2005 of over EUR 500 million.”

Posco Speeds Up Implementation of Innovative Strategies

01 January 2005 - In an effort to create a world-class corporate culture, Posco continues to implement activities that will help spur innovation in daily business activities.

Arcelor Acquires 100% Stake in Stahlwerke Bremen Subsidiary

01 January 2005 - Arcelor has agreed with Bremer Investitions-Gesellschaft (BIG), the minority shareholder of its subsidiary Stahlwerke Bremen (SWB), on the acquisition by Arcelor of the 30.3% stake that BIG holds in SWB. After completion, Arcelor will hold, through wholly owned subsidiaries, 100% of SWB.

Danieli Morgardshammar to Upgrade Ares Bar Mill

01 January 2005 - Ares SA (Arcelor Group), Luxembourg, has awarded Danieli Morgårdshammar an order for the modernization of its Bar Mill C located in Rodange.

Posco Implements Life-Long Learning System

01 January 2005 - Posco recently held a ceremony for the declaration of becoming a life-long learning company after deciding to introduce a 'Life-Long Learning System' to enhance corporate competitiveness and improve the quality of employees' lives with harmony in work, relaxation and learning.

Danieli to Install Spooler Line at ACA

01 January 2005 - Aceralia Corrugados Azpeitia (ACA), Spain, will add a Danieli Spooler line to their Azpeitia bar mill.

Posco Opens Era of 30 Million Tonnes per Year

01 January 2005 - With the production of 30.2 million tonnes of crude steel last year, Posco opened an age of 30 million tonnes of crude steel productivity and consolidated the foundation for a new take-off.

Ispat Iscor Commences Coke Expansion Project

01 January 2005 - Ispat Iscor Ltd. has obtained approval from South African environmental authorities to commence construction of a new coke oven battery at its Newcastle steel plant in northern Kwa-Zulu Natal. This will enable the company to expand its market coke production by some 450,000 tonnes per year.

ThyssenKrupp and CVRD to Build New Steel Mill in Brazil

01 January 2005 - Brazilian President Luiz Inácio Lula da Silva welcomes the plans of ThyssenKrupp AG and Brazilian ore producer Companhia Vale do Rio Doce (CVRD) to build a new steel mill in the state of Rio de Janeiro. The project was presented to the President in Brasilia by Prof. Dr. Ekkehard Schulz, Chairman of the Executive Board of ThyssenKrupp AG, and Prof. Dr. Ulrich Middelmann, Vice Chairman of the Executive Board of ThyssenKrupp AG and Chairman of the Executive Board of ThyssenKrupp Steel AG.

Steel Dynamics Sets Fourth Quarter Cash Dividend

31 December 2004 - Steel Dynamics, Inc. announced its previously approved fourth quarter dividend of $0.10 per common share will be payable on January 17, 2005, to shareholders of record at the close of business on December 31, 2004.

Cleveland-Cliffs Amends ISG Pellet Contract

31 December 2004 - Cleveland-Cliffs Inc. has entered into an amendment to its major Pellet Sale and Purchase Agreement with International Steel Group Inc., for pellet deliveries to ISG Cleveland and ISG Indiana Harbor through 2016.

Republic Achieves ISO Environmental Certification at Hamilton Plant

30 December 2004 - Republic Engineered Products, Inc. announced that its plant in Hamilton, Ont., has been certified to the ISO 14001 environmental standard. The Hamilton facility—Republic Canadian Drawn Inc.—became part of Republic in January 2004.

OSHA Honors Pro-Tec Coating for Voluntary Worker Protection

29 December 2004 - Pro-Tec Coating Co., Leipsic, Ohio, has received the highest honor for voluntary worker protection programs from the U.S. Labor Department's Occupational Safety and Health Administration (OSHA).

Wheeling-Pittsburgh and Severstal North America form Coke Joint Venture

29 December 2004 - Wheeling-Pittsburgh Steel Corp. and Severstal North America, Inc. signed a non-binding letter of intent to create a joint venture involving Wheeling-Pittsburgh Steel's Coke Plant, located in Follansbee, W.Va. The venture would ultimately provide for each party to take 50% of the coke produced by the joint venture.

AK Steel Completes Redemption of Senior Notes

27 December 2004 - AK Steel completed the redemption of the remaining $117.4 million principal amount of its 9% Senior Notes Due 2007, and the remaining $33.5 million principal amount of its 8-7/8% Senior Notes Due 2008.