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Archive for October, 2005

Excellent Online Resource

I have, on numerous previous occasions, written about the cost of accessing commercial information, particularly in specialist fields.
The ease with which the web enables the distribution of information, and the cost savings that it offers over traditional printed publications, does not seem to have filtered down to the user.
Many of the online resources are [...]

Mittal choses Chicago for US HQ

Mittal Steel USA has decided to locate its headquarters in downtown Chicago, not northwest Indiana as some economic development leaders there had hoped.The decision did not come as a surprise because Mittal Steel N.V. chairman Lakshmi Mittal had said over the summer that the company was leaning toward Chicago. The company’s new offices will be [...]

Made in Sheffield

I am going a bit “off-topic” here, but I came across a website run by an old friend from “years back” that I worked with at Brinsworth Strip Mills. At that time the company was part of British Steel, having previously been “Steel Peech and Tozer”, which in turn was part of the United Steel [...]

Minnesota Steel to go “slab route”

Minnesota Steel revises plant plans
IRON RANGE:The first steelmaking plant on the Range will produce slabs rather than coils.
The first Iron Range steelmaking plant will manufacture a niche product not produced elsewhere in the United States, according to a revised plan.
Minnesota Steel would produce steel slabs rather than hot-rolled coil, as first proposed, said John Elmore, [...]

Turkish company wins tender for national steelmaker

Turkish company wins tender for national steelmaker
Turkey’s OYAK, an industrial venture representing the army pension fund, placed the highest bid of 2.77 billion dollars (2.32 billion euros) for a 46.12-percent stake in the country’s biggest steel company, Erdemir.
OYAK was one of six bidders, including the world’s top steelmaker, Mittal, based in the Netherlands, and the [...]

Latest MEPS EU Carbon Steel Price Forecast

In the flat products category, the EU mills are now making strong efforts to push up prices for the final quarter of this year - after cutting back on output over the past few months. This initiative is likely to be partially successful. Inventories of hot and cold rolled coil have decreased due to a [...]

Corus and Salzgitter to cooperate

FRANKFURT, Oct 4 (Reuters) - Germany’s second-largest steelmaker Salzgitter (SZGG.DE: Quote, Profile, Research) will cooperate with UK rival Corus (CS.L: Quote, Profile, Research) in the development of steels with high strength and ductility (HSD), Salzgitter said on Tuesday.
The HSD steels contain high levels of manganese and are used in a wide range of applications, such [...]

Mittal, Arcelor Wary of Paying Too Much for Turkish Steelmaker

Oct. 3 (Bloomberg) — Mittal Steel Co. and Arcelor SA, the world’s two biggest steelmakers, will be wary of overpaying for a stake in Turkey’s state-controlled Erdemir, the country’s largest steelmaker, after its share price rose 46 percent this year.
Mittal, Arcelor and Russia’s OAO Severstal will compete for a 49 percent stake in Erdemir in [...]

Better Days ahead?

Survey shows UK manufacturing upturn

British manufacturing activity unexpectedly grew at its fastest pace in six months in September because of a rise in new orders, according to a survey of purchasing managers published on Monday.
The Cips/RBS Purchasing Managers’ Index rose to 51.5 last month from 50.3 in August - above the 50 mark which separates [...]