Steel

  • Faxander sets sights on expanding Ipsco’s AHSS role Nov 29, 2007

    After taking a hand in leading Svenskt Stal AB’s bold takeover of Ipsco Inc., Lisle, Ill., Olof Faxander is set on making Ipsco a world leader in the production and development of advanced high-strength steels (AHSS), primarily in plate applications.

  • Steel, energy growth plan driving Massey-Essar Mineral coal venture Nov 29, 2007

    Massey Energy Co., Richmond, Va., has entered into a joint-venture agreement with Essar Mineral Resources Ltd., a member of India’s Essar Group, to develop coal opportunities.

  • SSAB says prize helping advance growth in AHSS Nov 29, 2007

    Svenkst Stal AB (SSAB) is looking to beef up advanced high-strength steel (AHSS) production and development, identified as the key to its 18-percent annual volume growth in that area over the past several years, company executives said at the 2007 Swedish Steel Prize presentation in Stockholm.

  • Raytec stepping into iron ore with El Sol buy Nov 29, 2007

    PITTSBURGH — Raytec Metals Corp., Vancouver, British Columbia, an exploration and development company with interests in uranium, is venturing into iron ore with the acquisition of the El Sol Historic Iron Ore Project in the Red Lake mining district of Ontario. It will pay Canadian $160,000 ($161,226) and issue 1.25 million Raytec shares for the property, with $3 million earmarked for exploration expenditures.

  • Tenova wins ArcelorMittal plant upgrade pact Nov 29, 2007

    Tenova Strip Processing, Milan, Italy, has been contracted to help ArcelorMittal upgrade its Frydek-Mistek plant in the Czech Republic with a new silicon steel line. The line is a medium-size installation for the application of a magnesium-based thermal insulator on grain-oriented steel plate with magnetic properties. Installation at the plant near Ostrava will begin in March 2008, with start-up scheduled before summer.

  • Inca earmarks $100M for bar, light sections mill Nov 29, 2007

    Dominican Republic reroller Industrias Nacionales C. por A. (Inca), 49-percent owned by Brazil’s Grupo Gerdau SA, plans to spend $100 million to install a 420,000-tonne-a-year bar and light sections mill. The mill’s production is targeted at both domestic and export markets.

  • Freight costs could drive OCTG prices up in 1st half Nov 29, 2007

    After more than a year of small but steady declines, spot prices for oil country tubular goods (OCTG) largely held their ground in November.

  • ArcelorMittal to invest $5 billion in Brazil Nov 29, 2007

    ArcelorMittal, the world’s largest steelmaker, plans to invest $5 billion in Brazil over the next five years, eventually raising annual raw steel capacity in the country by some 4 million to 5 million tonnes from 14.5 million tonnes currently.

  • Steel, energy growth plan driving Massey-Essar coal venture Nov 29, 2007

    Massey Energy Co., Richmond, Va., has entered into a joint-venture agreement with Essar Mineral Resources Ltd., a member of India’s Essar Group, to develop coal opportunities.

  • SSAB says prize helping advance growth in AHSS Nov 29, 2007

    Svenkst Stal AB (SSAB) is looking to beef up advanced high-strength steel (AHSS) production and development, identified as the key to its 18-percent annual volume growth in that area over the past several years, company executives said at the 2007 Swedish Steel Prize presentation in Stockholm.

  • Taigang Stainless eyeing 200,000T cold-roll strip venture startup in ’08 Nov 29, 2007

    Taigang Stainless Steel Co. Ltd. is looking to commission a 50-percent-owned cold-rolled stainless strip project by the end of next year.

  • China asked to step up steel merger efforts Nov 29, 2007

    The China Iron and Steel Association (Cisa) has formally asked the government to take steps to speed up the consolidation of the country’s steel industry.

  • Faxander targets ramp-up of Ipsco’s AHSS stance Nov 29, 2007

    After taking a hand in leading Svenskt Stal AB’s bold takeover of Ipsco Inc., Lisle, Ill., Olof Faxander is set on making Ipsco a world leader in the production and development of advanced high-strength steels (AHSS), primarily in plate applications.

  • Rigs drive deeper with Timken bearings Nov 28, 2007

    Timken Co., Canton, Ohio, said its custom-engineered thrust bearings are now equipping some deep-sea oil drilling rigs.

  • ArcelorMittal to start expansion at Vitoria Nov 28, 2007

    ArcelorMittal Tubarao, formerly known as Cia. Siderúrgica de Tubarão, will start up the planned expansion of its hot-rolled mill at its Vitoria Works in March 2009.

  • WCI blast furnace slated to restart this week Nov 28, 2007

    The blast furnace at WCI Steel Inc. will be up and running later this week after a fire put it out of commission earlier this month.

  • Note sale pumps $1.3B into Nucor’s war chest Nov 28, 2007

    Nucor Corp., Charlotte, N.C., sold about $1.3 billion of senior unsecured debt via a three-part note sale Wednesday.

  • Mills ready response to EU dumping complaint Nov 28, 2007

    Chinese steel mills are preparing to respond to a trade complaint filed Tuesday by the European Confederation of Iron and Steel Industries (Eurofer) against wire rod imports from China and Turkey.

  • Hot band pricing steps up; world market bucking trend Nov 28, 2007

    Hot band spot prices took another stride higher in the United States and China, but showed signs of weakness elsewhere, according to the latest SteelBenchmarker report.

  • WCI blast furnace slated to restart this week Nov 28, 2007

    The blast furnace at WCI Steel Inc. will be up and running later this week after a fire put it out of commission earlier this month.

  • Ford’s sale of Jaguar, Land Rover seen driving supply changes Nov 28, 2007

    India’s Tata Motors Ltd. has emerged as the apparent frontrunner in bidding for Ford Motor Co.’s Jaguar and Land Rover brands. A new owner could bring changes to the supply chain for the companies, several analysts said, although not in the near term.

  • Dana secures $2B in funding, sees Ch. 11 exit in January Nov 28, 2007

    Financially troubled auto parts maker Dana Corp. has secured $2 billion in bankruptcy exit financing.

  • WTO names four new members to Appellate Body Nov 28, 2007

    The World Trade Organization has appointed four new members to its seven-member Appellate Body, including Jennifer Hillman, an Indiana Democrat who served on the U.S. International Trade Commission from August 1998 to December 2006.

  • W-P profitability vowed as Esmark buyout OK’d Nov 27, 2007

    Wheeling-Pittsburgh Corp. shareholders have voted overwhelmingly in favor of the company’s takeover by Esmark Inc., Chicago.

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