Steel Strip

Lakshmi Mittal said on Thursday talks with rival Arcelor on a possible takeover were going well and included discussions about the value of the deal.Arcelor has been against Mittal’s bid, valued at more than 21 billion euros ($26.47 billion), since the world’s largest steelmaker first announced its intentions more than four months ago, and instead [...]

Nucor Corp. now confirms it will build a galvanizing line to be served by its Decatur, AL, sheet mill. News of such a project first emerged late in 2005, but was denied by Nucor at that time. The 72-in. wide operation will be Nucor’s fourth galvanizing line, with an annual capacity of about 500,000 tons.The [...]

Wagon, the West Midlands-based automotive components group, was bullish about its prospects today despite a tough year.
Sales fell eight per cent to £417.2 million in the 12 months to March 31, down from £455.5 million a year ago.
And underlying pre-tax profits were down to £17 million from £19.7 million in 2005. Warwick-based Wagon, with car [...]