Steel News

Consolidated Thompson Drops Wabush Plans Following Dofasco Decision

04 September 2007 - Consolidated Thompson says it will not proceed with its purchase of a majority interest in the Wabush Mines Joint Venture following Dofasco’s notification that it will exercise its option to purchase Stelco’s and Cleveland Cliffs’ interests.

Gerdau Ameristeel Acquisition of Chaparral Clears Another Hurdle

04 September 2007 - The Committee on Foreign Investment in the United States okays the Agreement and Plan of Arrangement for Gerdau Ameristeel’s acquisition of Chaparral Steel.

ArcelorMittal to Buy Saar Ferngas from RAG

04 September 2007 - ArcelorMittal signs agreement with RAG Beteiligungs-AG for the acquisition of RAG’s 76.88% stake in Saar Ferngas AG, the largest gas distribution company in Saarland and Rhineland-Palatinate.

ArcelorMittal Completes Laser Welding Deal with Noble International

04 September 2007 - ArcelorMittal and Noble International complete the transaction to combine their laser-welded tailored blanks businesses in an approximately US$300-million deal involving eight production facilities in western and eastern Europe, China, India and the U.S., plus interest in two joint ventures in Asia.

SMS Demag to Supply Compact Hot Strip Mill for Colakoglu Metalurji

04 September 2007 - SMS Demag will construct a compact, 330-meter long, 3 million tonnes per year hot strip mill for Colakoglu Metalurji AS.

SMS Demag to Upgrade ArcelorMittal’s Gent Converters for Gas Recovery

03 September 2007 - SMS Demag will upgrade the dust collection system for ArcelorMittal’s two 290-tonne converters at Gent, preparing it to be retrofitted with a converter gas recovery system.

Tenova to Supply Latest-Technology Tinning Line for Jiangsu Dajiang Metal

03 September 2007 - Jiangsu Dajiang Metal’s Sunshine Group awards contract to Tenova to supply a 250,000 tonne/year high-speed electrolytic tinning line with insoluble anodes, tin dissolution reactors, and new edge-mask technology.

SSAB Inaugurates Plate and Parts Center in China

31 August 2007 - SSAB inaugurated a new plate center for warehouse and wear parts processing in China, the company’s first in the Asia-Pacific region.

PTI Installs JetBOx System at Five Asian Steel Facilities

31 August 2007 - Process Technology International completes installation and start-up of JetBOx combustion systems, comprising multiple JetBOxes and JetBUrners, at several steel mills in Asia.

Horsehead Employees Reach Tentative Agreement on New Contract

31 August 2007 - Just as the current contract is about to expire, members of United Steelworkers local 8183-25 reach a tentative labor agreement covering 32 hourly members at Horsehead's Monaca, Pa., facility.

Gerdau Ameristeel Announces Revised Financing Commitment

31 August 2007 - Gerdau Ameristeel replaces a previously announced financing commitment intended to fund the company’s pending acquisition of Chaparral Steel with a firm commitment from ABN AMRO Bank NV, HSBC and J.P. Morgan Securities as Joint Lead Arrangers.

Harsco Acquisition Expands Eastern European Presence

31 August 2007 - Harsco expands its services in the growing Eastern European steel industry with the acquisition of Alexander Mill Services International, a privately held company that provides mill services to some of the leading steel producers in Poland and Romania.

CMC Chairman Announces Retirement Plans

31 August 2007 - Chairman of Commercial Metals Board of Directors Stanley A. Rabin announces his intent to retire at the end of CMC's 2008 fiscal year on August 31, 2008.

Steel Dynamics Updates Third Quarter Earnings Guidance

31 August 2007 - Steel Dynamics says third-quarter earnings could be in an updated range of $1.02 to $1.07 per diluted share, but says its near-term market assessment remains relatively unchanged from its most recent news release in July.

U. S. Steel Marks First Year of Mercury Switch Recovery Program

30 August 2007 - U. S. Steel marks the one-year anniversary of its participation in the National Vehicle Mercury Switch Recovery Program, a national mercury reduction program that is expected to reduce up to 75 tons of mercury emissions over the next 15 years.

SeverCorr Launches Meltshop and Hot Mill Operations

30 August 2007 - Production of hot rolled steel coils is underway at SeverCorr with the start-up of operations in the facility’s new meltshop, caster, and hot mill.

AK Steel Completes Corporate Headquarters Move

30 August 2007 - AK Steel completes the move of its corporate headquarters from Middletown to West Chester, Ohio, a northern Cincinnati community.

BMZ Starts up SMS Meer-Supplied Seamless Tube Mill

29 August 2007 - Byelorussian Steel Works celebrates the official opening of a complete SMS Meer seamless tube plant featuring PQF three-roll finishing technology.

Shareholders Approve First Step of Mittal Merger Process

29 August 2007 - Mittal Steel shareholders approve the merger of Mittal Steel into ArcelorMittal, the first step in the two-step merger process between Mittal Steel and Arcelor.

July Imports Reach Second-Highest Monthly Total for 2007

29 August 2007 - The U.S. imported a total of 3,222,000 net tons of steel in July 2007—including 2,452,000 net tons of finished steel—according to the latest report from the American Iron and Steel Institute. Total and finished steel imports reflect a 6% and 2% increase, respectively, compared to June’s final data.