-
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.
-
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.
-
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.
-
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 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.
-
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.
-
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, 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.
-
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.
-
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 Steel Co. Ltd. is looking to commission a 50-percent-owned cold-rolled stainless strip project by the end of next year.
-
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.
-
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.
-
Timken Co., Canton, Ohio, said its custom-engineered thrust bearings are now equipping some deep-sea oil drilling rigs.
-
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.
-
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.
-
Nucor Corp., Charlotte, N.C., sold about $1.3 billion of senior unsecured debt via a three-part note sale Wednesday.
-
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 spot prices took another stride higher in the United States and China, but showed signs of weakness elsewhere, according to the latest SteelBenchmarker report.
-
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.
-
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.
-
Financially troubled auto parts maker Dana Corp. has secured $2 billion in bankruptcy exit financing.
-
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.
-
Wheeling-Pittsburgh Corp. shareholders have voted overwhelmingly in favor of the company’s takeover by Esmark Inc., Chicago.