Steel

  • Jinan Steel signs plate supply deal Dec 27, 2007

    Jinan Iron & Steel Group Corp. has signed a one-year memorandum of understanding with South Korea’s Daewoo Shipbuilding Corp. to supply plate to the shipbuilder.

  • Paulson will face questions over weak yen Dec 27, 2007

    The omnibus bill that passed Congress and was signed by President Bush prior to the holiday recess directs Treasury Secretary Henry M. Paulson Jr. to report to Congress within the next four months on whether the Japanese are manipulating their currency.

  • Siemens, partner book order from Nippon Steel Dec 27, 2007

    Siemens AG’s Industrial Services and Solutions Group (I&S), Linz, Austria, and cooperation partner Fuji Electric Systems, Tokyo, have received an order to supply a new main drive for expansion of the heavy plate rolling mill at Nippon Steel Corp.’s Oita, Japan, facility.

  • Siemens replaces BOF converter at Russian mill Dec 27, 2007

    Siemens Metals Technologies, Linz, Austria, has replaced and started up a basic oxygen furnace converter and off-gas treatment system for Russian steel producer Nizhny Tagil Iron & Steel Works in Sverdlovsk Oblast.

  • SDI eyes move into small shapes, Busse says Dec 26, 2007

    Steel Dynamics Inc. (SDI) continues to look both upstream and downstream for growth opportunities following its acquisition of scrap processor OmniSource Corp., Keith E. Busse, SDI’s chairman and chief executive officer, said.

  • Posco inks $15.6M deal to buy stake in Malaysian steelmaker Dec 26, 2007

    Posco Ltd., Seoul, South Korea, has signed a $15.6-million accord to buy a majority stake in Malaysian steelmaker Megs Industries Sdn. Bhd. in its first overseas acquisition, according to wire and local media reports.

  • Hot band tags march higher, China lagging Benchmarker Dec 26, 2007

    Steel prices are heating up as the year comes to a close, according to the latest pricing report from SteelBenchmarker. Hot band prices posted gains in the United States, the world export market and in Western Europe, though China bucked the trend.

  • Leeco Steel expanding reach with plan for N. Carolina plant Dec 26, 2007

    Plate distributor Leeco Steel LLC is expanding into the Southeast and East Coast markets with a new plant in Hertford County, N.C.

  • Hyundai Steel sets hike on bar, H-beam prices Dec 26, 2007

    South Korea’s Hyundai Steel aims to boost prices on a range of steel products in an effort to recoup rising raw materials costs, according to wire reports.

  • Avtron, Morgan upgrading Nucor cranes in Tenn. Dec 26, 2007

    Avtron Industrial Automation, Independence, Ohio, and Morgan Construction Co., Worcester, Mass., have been awarded a contract to upgrade three hot metal cranes for the Memphis, Tenn., operations of Nucor Corp., Charlotte, N.C., Avtron said.

  • Siemens’ I&S unit books Nippon Steel order Dec 26, 2007

    Siemens AG’s Industrial Services and Solutions Group (I&S), Linz, Austria, and cooperation partner Fuji Electric Systems, Tokyo, have received an order to supply a new main drive for expansion of the heavy plate rolling mill at Nippon Steel Corp.’s Oita, Japan, facility.

  • Siemens starts up BOF converter at Russian steelmaker Dec 26, 2007

    Siemens Metals Technologies, Linz, Austria, replaced and started up a basic oxygen furnace converter and the off-gas treatment system for Russian steel producer Nizhny Tagil Iron & Steel Works.

  • Posco in $15.6M deal for stake in Malaysian steelmaker Megs Dec 26, 2007

    Posco Ltd. has inked a $15.6-million-deal to buy a majority stake in Malaysian steelmaker Megs Industries Sdn. Bhd. in its first overseas acquisition, according to wire and local media reports.

  • Oates named president, chief exec at Universal Stainless Dec 26, 2007

    Dennis M. Oates, formerly a top executive in the Specialty Alloys Division of Carpenter Technology Corp., has been named president and chief executive Officer of Universal Stainless & Alloy Products Inc., Bridgeville, Pa.

  • Northwest Pipe gets order for Ga. water project Dec 26, 2007

    Northwest Pipe Co., Portland, Ore., expects to supply 6,500 feet of 72-inch diameter steel pipe and engineered fittings for a project near Atlanta.

  • ArcelorMittal to buy Uruguay stainless tube firm Dec 26, 2007

    Global steel giant ArcelorMittal SA has reached a deal to acquire Cínter SA, a stainless steel tube maker located in Uruguay, in a bid to strengthen its stainless steel business in South America.

  • ArcelorMittal acquires Uruguay’s Cinter Dec 26, 2007

    Global steel giant ArcelorMittal SA has acquired Cínter SA, a stainless steel tube maker located in Uruguay, in a bid to strengthen its stainless steel business in South America.

  • AISI helps win extra funds for R&D Dec 21, 2007

    The American Iron and Steel Institute (AISI) helped secure $3.7 million for a program aimed at promoting new technologies that could make the energy-intensive process of making steel greener.

  • Refocused Carpenter to divest ceramics operations for $147M Dec 21, 2007

    Carpenter Technology Corp., Wyomissing, Pa., has agreed to sell its ceramics business for $147 million in a move aimed at focusing on global markets for its high-performing specialty alloy products.

  • Northwest to supply pipe for water project Dec 21, 2007

    Northwest Pipe Co. said it expects to supply 6,500 feet of 72-inch diameter steel pipe and engineered fittings for a project near Atlanta.

  • New Latrobe line to raise capacity at Pa. operation Dec 21, 2007

    Latrobe Specialty Steel Co., Latrobe, Pa., will install a new production line at its Franklin, Pa., location, boosting manufacturing capacity at the plant, according to local reports.

  • Sandvik contract business complete as hike accepted Dec 21, 2007

    Sandvik Materials Technology AB has completed contract business, with a hike implemented in November now fully accepted by customers.

  • China beefs up steel export tax hit list; Jan. 1 hikes set Dec 21, 2007

    China’s efforts to curb steel exports has landed some additional products in its sights, with the government set to impose or raise export taxes for various items beginning Jan. 1.

  • Consolidated Thompson ups ore sales to China Dec 21, 2007

    Consolidated Thompson Iron Mines Ltd., Toronto, is boosting the volume of iron ore sales to China.

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