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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Plate distributor Leeco Steel LLC is expanding into the Southeast and East Coast markets with a new plant in Hertford County, N.C.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Sandvik Materials Technology AB has completed contract business, with a hike implemented in November now fully accepted by customers.
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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.
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Consolidated Thompson Iron Mines Ltd., Toronto, is boosting the volume of iron ore sales to China.