Steel News

Cash Tender Offer to Secure ArcelorMittal’s Position in Brazil

07 December 2007 - ArcelorMittal announces its intention to launch a de-listing cash offer to acquire the 43% outstanding shares in ArcelorMittal Inox Brasil SA that it does not yet own at a price of 100 Brazilian reals per share.

Danieli to Provide Wire Rod and Bar-in-Coil Mill for Walcownia Ostrowiec

07 December 2007 - Danieli will supply a new 400,000-tonnes/year high-speed wire rod and bar-in-coil mill for Walcownia Ostrowiec, a newly-formed company within the Interspeed Group.

ArcelorMittal Stocking up on Ferroalloys

07 December 2007 - ArcelorMittal’s agreement to acquire the assets of Central European ferroalloys manufacturer OFZ follows ArcelorMittal’s recent announcement of its entry into a 50/50 joint venture greenfield manganese project with South Africa’s Kalagadi Manganese.

Siemens to Assume Maintenance Responsibility for New TKS Plant in Brazil

06 December 2007 - Siemens Metals Technologies will take over complete responsibility for electrical and mechanical maintenance of all steel production equipment and machinery at ThyssenKrupp CSA Companhia Siderùrgica’s new 5-million-tonnes/year new integrated iron and steelworks in Brazil.

Cisco’s TelePresence to Enhance Posco’s Business Communications

05 December 2007 - Cisco’s TelePresence solution, which combines advanced technology and interactive environmental elements, will allow Posco to conduct unique ‘in-person’ meetings between people at its Seoul office and its branches in Pohang and Gwangyang.

ArcelorMittal Chairman to Step Down

05 December 2007 - ArcelorMittal’s Chairman, Joseph Kinsch will step down as Chairman of the Board of Directors at the company’s next General Meeting in May 2008.

Danieli to Supply Three FastCast Casters to Vizag Steel

04 December 2007 - Rashtriya Ispat Nigam contracts Danieli to supply three new FastCast™ Casters to produce up to 2.4 million tonnes/year of square billets and 0.33 million tonnse/year of round sections at their Visakhapatnam Steel Plant integrated steel plant in India.

Concast, SMS Meer to Provide Minimill for South Steel

04 December 2007 - South Steel-Pan Kingdom Invest. Co., Kingdom of Saudi Arabia, contracts Concast and SMS Meer to plan, engineer, and supply plant and equipment for a new minimill, including a flexible-charge EAF, continuous billet caster, and automated rebar rolling mill.

Siemens to Modernize Hot Rolling Equipment for two European Producers

04 December 2007 - Siemens will renew the drive systems in Rautaruukki Oyj’s hot strip mill at Raahe Works in Finland, and will also upgrade the roughing mill of Severstal’s hot rolling mill in Cherepovets.

ArcelorMittal to Sell 50% Interest in Metal Cord Producer Trefilarbed Rus

04 December 2007 - ArcelorMittal and Severstal-metiz agree on the sale of ArcelorMittal Wire Solutions’ 50% stake in steelcord producer TrefilArbed Rus to Severstal-metiz.

ArcelorMittal to Double Capacity of Monlevade Plant in Brazil

03 December 2007 - ArcelorMittal will double the capacity of its integrated long-products Monlevade Plant located in Brazil with the addition of a second blast furnace.

Siemens to Provide Two Billet and One Beam-Blank Caster for Steel Authority of India

03 December 2007 - Steel Authority of India Limited (SAIL) awards a major contract to Siemens Metals Technologies for two new 6-strand billet casters and one new 4-strand bloom/beam-blank combi-caster.

Danieli to Modernize Third Caster for Sollac Atlantique Facility in Dunkerque

03 December 2007 - Danieli will convert twin-strand caster CC21 to a vertical-curved design as part of the third and final stage of the complete rebuild of slab casting facilities at ArcelorMittal’s facility in Dunkerque, France.

Danieli Davy Distington to Supply Slab Caster for Baosteel Group

30 November 2007 - Baosteel’s Pudhong Iron & Steel has awarded a contract for a new 1.5 million tonne/year slab caster from Danieli Davy Distington.

ArcelorMittal Plans Greenfield Pipe Mill in Nigeria

30 November 2007 - ArcelorMittal announces plans to construct a 300,000 tonne/year Longitudinal Submerged Arc Welded pipe mill in Nigeria, which ties in with medium- to long-term opportunities for gas pipelines in Nigeria and the Gulf of Guinea.

Dragon Steel Awards Material Handling Systems Contract to Magnetek

30 November 2007 - Magnetek will supply DC Magnet and AC Thruster overhead crane brakes for Dragon Steel Corp., Taiwan.

Tata Steel Group Announces New Organizational Structure

29 November 2007 - In support of its quest to become one of the leading players in the global steel industry, Tata Steel Group announces a new organization that becomes effective January 1, 2008.

Danieli to Supply Billet Steelmaking Plant for Kosco

29 November 2007 - Korea Steel Shapes contracts Danieli Centro Met to supply a complete steel meltshop, including EAF, LF, billet caster, and all related ancillaries.

SMS Meer to Supply Large-Diameter Pipe Mill for ChTPZ Group

29 November 2007 - SMS Meer will supply the machines and equipment for a new large-diameter pipe mill for JSC Chelyabinsk in Russia.

Siemens to Replace, Upgrade Three Converters for voestalpine Stahl

29 November 2007 - Siemens Metals Technologies will exchange and modernize three LD steelmaking converters and peripheral facilities at voestalpine Stahl's integrated steel plant in Linz.