Steel News > Home

Welcome to SteelNews.com

Latest News:

Novolipetsk Steel to Acquire Beta Steel for US400 million
Sep. 5, 2008 - Novolipetsk Steel (NLMK), Russia, signs a definitive agreement to acquire Beta Steel, Portage, Ind., for an all-cash consideration of USD400 million, on a debt free, cash free basis.

Nucor Announces New Addition to Board of Directors
Sep. 5, 2008 - Nucor announces the election of Christopher J. Kearney, Chairman, President and CEO of SPX Corp., to its board of directors effective October 1, 2008.

Rio Tinto Continues to Invest in Canadian Iron Ore Expansion
Sep. 5, 2008 - Rio Tinto approves a $US193-million capital expenditure to expand the magnetite plant at Iron Ore Co. of Canada, and a US$75 million investment for completion of a feasibility study on the third-phase expansion.

Gerdau to Make Siderperú one of the Largest Steel Mills in South America
Sep. 5, 2008 - Gerdau will invest US$ 1.4 billion to increase the production capacity of Siderperú to 3 million tonnes by 2013, transforming it into one of the largest steel mills in South America.

Mechel Completes Repair of Coking Battery at Chelyabinsk
Sep. 5, 2008 - Mechel OAO has completed the repair of Coking Battery No. 4 at its Chelyabinsk Metallurgical Plant, bringing the facility’s total annual output up to 440,000 tonnes of commercial coke.

SMS Meer to Supply PQF Tube Mill for ArcelorMittal JV in Saudi Arabia
Sep. 5, 2008 - SMS Meer will supply a PQF (premium quality finishing) seamless tube plant for ArcelorMittal’s joint venture OCTG plant with the Saudi Bin Jarallah Group.

Steel Import Permit Applications Shrink 21% in August
Sep. 4, 2008 - Steel import permit applications totaled 2,363,000 net tons in August 2008, a 21% decrease from the 2,991,000 permit tons recorded in July 2008, and a 17% decline from the July preliminary imports total of 2,842,000 net tons, according to the latest report from the American Iron and Steel Institute.

ArcelorMittal and Kalagadi Manganese Move Ahead with Manganese Venture
Sep. 4, 2008 - Kalagadi Manganese and ArcelorMittal implement their previously announced joint venture for developing Kalagadi’s manganese deposits, following ArcelorMittal’s USD 432.5 million payment to subscribe for a 50% interest in Kalagadi Manganese.

Severstal Confirms Fatality at Sparrows Point
Sep. 4, 2008 - Severstal confirms that an industrial incident on Wednesday at its Sparrows Point facility resulted in one fatality.

AK Steel Announces October 2008 Surcharges for Electrical Steels
Sep. 4, 2008 - AK Steel will add a $940 per ton surcharge to invoices for electrical steel products shipped in October 2008.

SMS Meer to Provide High-Capacity Wire Rod Mill for ArcelorMittal Hochfeld
Sep. 4, 2008 - SMS Meer will supply ArcelorMittal Hochfeld with a complete high-capacity wire rod mill with FRS technique for the production of high-grade steels.

ArcelorMittal Reports Confidence in a Sustainable Steel Pricing Environment
Sep. 4, 2008 - ArcelorMittal states its belief that steel pricing will remain structurally strong in light of continued cost increases in raw materials and steel equipment.

Universal Stainless Reports Bridgeville Contract Continuance
Sep. 3, 2008 - Universal Stainless & Alloy Products and Local 9531 of the United Steelworkers agree to a two-week continuance of the collective bargaining agreement covering hourly employees at the company's Bridgeville facility.

PSI to Provide PSImetals System for New ThyssenKrupp Stainless Facility in Alabama
Sep. 3, 2008 - PSI will deliver and implement its PSImetals production management system for ThyssenKrupp Stainless USA’s stainless steel plant currently under construction in Alabama.

Timken to Provide Repair Services for Sparrows Point
Sep. 3, 2008 - Timken will provide industrial services to OAO Severstal’s Sparrows Point facility, including the performance of bearing, chock, and roll repairs as well as other lifecycle services.