Archive for May, 2006
No respite in Steel prices in the third quarter.
European Steelmakers have already announced substantial steel price increases for the third quarter, and I am seeing predictions of similar increases around the world.
Steel prices, which had been expected to taper off in the second half of the year, are now expected to rise nearly 19% from current levels in the third and fourth [...]
Posted: May 27th, 2006 under Steel.
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I’ll drink to that
A drink a day is good for your heart if you are an older man, Danish researchers have said, according to a report published in the British Medical Journal
A study of 50,000 men aged 50 to 65 found that daily alcohol reduced their risk of coronary disease by more than 40 per cent. However, the [...]
Posted: May 26th, 2006 under Steel.
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Steel stocks rise in Europe.
LONDON, England (Reuters) — European stocks jumped 1 percent on Friday as sentiment continued to improve after the recent correction, with steelmakers in focus after Arcelor said it planned to merge with Russia’s Severstal.
Arcelor, fighting a hostile takeover from global sector leader Mittal Steel, fell 3 percent as dealers said Mittal may struggle to raise [...]
Posted: May 26th, 2006 under Steel.
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Arcelor to merge with Severstal to thwart Mittal bid
Arcelor has moved to fend off Mittal Steel’s hostile €22.8bn bid by striking a deal with Russian steel rival Severstal.
The European steel giant will buy Severstal in a deal that gives the Russian group’s owner a one third stake in what would then be the world’s most profitable steel maker.
It values Arcelor at €44 a [...]
Posted: May 26th, 2006 under Steel.
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Tata Steel looking for Western Acquisitions
Tata Steel is looking at acquiring steel plants in the United States and Europe. It is also pursuing acquisition possibilities in South Africa, CNBC-TV18 reports.
Since December 2004, Tata Steel has acquired two steel companies in South East Asia, one in Singapore and the other in Thailand. While it integrates the two acquired units with its [...]
Posted: May 24th, 2006 under Steel.
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Great Materials Resource Site
Whilst searching the net for details of an old superseded steel specification I came across a site called AZom, (an acronym for the AZ of materials technology). Whilst I was unable to locate the specification there, I had stumbled across a gem.
I am not a great one for mission statements (check out Dilbert’s mission statement [...]
Posted: May 23rd, 2006 under Steel.
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Arcelor warming to Mittal bid?
European steelmaker Arcelor has said it is willing to study an improved 25.8bn euro ($33bn; £17.5bn) hostile takeover offer from Mittal Steel.
However, the Luxembourg-based firm said it would only do so once Mittal’s new bid had been approved by regulators.
A tie-up between Arcelor and Mittal would create the world’s biggest steel company, with control of [...]
Posted: May 22nd, 2006 under Steel.
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Simulation to reduce press shop set up times
Corus has developed a new and unique technology called In-Form that applies the latest computer aided engineering (CAE) simulation techniques to help optimise the set-up of automotive press shop processes. Following extensive trials, In-Form has demonstrated that it can help vehicle makers improve manufacturability and quality of complex stamped body panels thereby significantly reducing press [...]
Posted: May 18th, 2006 under Steel.
Comments: 1
Mittal launches Arcelor takeover bid.
BRUSSELS, Belgium (AP) — Mittal Steel has launched its hostile takeover offer for rival Arcelor, giving Arcelor shareholders the chance to determine its future after a months-long war of words between the steel makers.
Mittal, the world’s largest steel group by volume, is offering about 18 billion euros ($23.2 billion) of cash and its own shares [...]
Posted: May 18th, 2006 under Steel.
Comments: none
900 Jobs to go at Vauxhall plant
General Motors announced today that it was axing 900 jobs at its Vauxhall factory on Merseyside and dropped a heavy hint that its last remaining car plant in the UK could close altogether without a significant injection of funding.
The US auto giant is to close the night shift at the Ellesmere Port factory at the [...]
Posted: May 17th, 2006 under Steel.
Comments: none

