Steel Strip

ThyssennKrupp reported a 23% fall in first quarter profits. The main reasons were quoted as falling steel prices generally and in the stainless market specifically.ThyssenKrupp have been selling of some of the lower added value production assets (mainly “long products”)Nevertheless they expect to make pretax profits of around 1.5 billion euros for the full fiscal [...]

Continued growth and increased production requirements have resulted in Island Steel expanding into a new £1.5m facility adjacent to the existing site at Alexandra Docks, Newport, supported by funding from Barclays.
The 36,000 sq ft premises will house a new £1.5m slitting machine, more than doubling existing capacity and will create the highest specification slitting line [...]

So Arcelor have made known a clause in a contract with Nippon that allows the Japanese steel company to withdraw the right to use patent technologies if the ownership of the company changes substantially.
I assume that they hope that this will make them less attractive as a potential take-over target. In fact Nippon is known [...]