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Latest News:
Baosteel and Haier to Continue Strategic Cooperation
Jan. 5, 2009 - Baosteel enters a new round of strategic cooperation with household appliance magnate Haier Group, the fourth-largest white goods manufacturer in the world.
Posco CEO Selected as Korean CEO of the Year
Jan. 5, 2009 - Korea’s Hankyung Business Weekly names Posco CEO Ku-Taek Lee as CEO of the Year based on the evaluation of factors including financial achievement, stakeholder treatment, leadership and business ethics.
ALJ Reports Results for Fiscal Year 2008
Jan. 2, 2009 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, posted a net loss of $3.208 million for the fourth quarter, and net income of $6.332 million for the fiscal year ended September 30, 2008.
Domestic Service Center Shipments, Inventories Continue to Slide through November
Jan. 2, 2009 - Service center shipments of steel fell 32.7% in the U.S. and 30% in Canada in November according to the latest Metals Activity Report from the Metals Service Center Institute.
Asian Steel Consortium Closes Acquisition of 40% Stake in CSN’s Namisa Subsidiary
Dec. 31, 2008 - The Asian consortium Big Jump Energy Participacoes — Itochu, JFE Steel, Nippon Steel, Sumitomo Metal Industries, Kobe Steel, Nisshin Steel, and Posco — closes its acquisition of a 40% stake in CSN mining subsidiary Nacional Minerios SA.
MMK Signs Credit Facility Agreement with Sberbank
Dec. 31, 2008 - Savings Bank of the Russian Federation and OAO Magnitogorsk Iron & Steel Works enter nonrenewable 2-year credit facility for RUB 3.0bn to finance construction of MMK’s Plate Mill 5000 complex.
Ohio EPA, Tube City Settle Air Violations
Dec. 31, 2008 - The Ohio EPA reports Tube City IMS will pay $71,500 to settle violations of Ohio's air pollution laws related to slag handling and processing operations supporting AK Steel's Middletown Works.
China Steel Corp. Board Maps Out Near-Term Investments
Dec. 31, 2008 - China Steel Corp.’s Board of Directors announces plans to set up its No. 8 Vacuum Degasser and to subscribe for shares of Dragon Steel Corp. and Chung Hung Steel.
Rautaruukki Acquisition of Gensina Approved
Dec. 31, 2008 - Rautaruukki receives approval of its acquisition of the entire share capital of Gensina, a Lithuanian steel frame company.
USW Urges U.S. to Reject Latest Doha Paper for WTO Rules
Dec. 30, 2008 - USW issues statement calling on the Bush administration's top negotiators in the Doha Round of the World Trade Organization to reject the latest draft rules, which undermine U.S. trade laws on illegal dumping and subsidies.
Baosteel Builds China’s First On-line Tendering Platform
Dec. 30, 2008 - Baohua Tendering, a unit of Baosteel Group, has successfully developed and put into operation the first total process on-line tendering platform in China.
Tube City IMS Announces New Addition to Board of Directors
Dec. 30, 2008 - Tube City IMS announces the recent election of a new memberto the company’s Board of Directors.
Suzuki Metals to Acquire Valve Spring Wire Manufacturer Haldex Garphyttan
Dec. 29, 2008 - Nippon Steel Group’s Suzuki Metal Industry enters into a definitive agreement with Haldex AB for the acquisition of the Sweden-based Haldex subsidiary Haldex Garphyttan AB, a leading manufacturer of valve spring wire.
Sumitomo Metals Demonstrates Superior Corrosion Resistance for Tanker Applications
Dec. 29, 2008 - Sumitomo Metal Industries completes an extended corrosion-resistance trial of its SMICORE steel plate in an actual vessel, proving that SMICORE has higher corrosion resistance than conventional steel in the severe corrosion environments of both upper decks and bottoms.
Hertwich Engineering to Provide Continuous Homogenizing and Sawing Plant for EMAL
Dec. 29, 2008 - Hertwich Engineering, a company of the SMS group, will supply and commission a continuous homogenizing and sawing plant for Emirates Aluminum of UAE.

 

 

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