Archive for September 8th, 2006
Severstal acquisition of Lucchini
Severstal has announced its intention to increase its equity stake in Lucchini SpA to 70.82% by purchasing, from a company controlled by Mr Mordashov, a 50.82% equity stake for a total consideration of Euro 550 million consisting of a cash component of Euro 182 million and balance by assumption of debt, in addition to the [...]
Posted: September 8th, 2006 under Steel International, Steel News.
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US based Auto manufacturers call for an end on corrosion resistant steel tariffs
A coalition of US based automotive manufacturers has called for an end to import tariffs on corrosion resistant steels. The group which includes General Motors Corp., Toyota Motor Corp., Ford Motor Co., DaimlerChrysler AG, Honda Motor Co. and Nissan Motor Co. claim that the tariffs are making it difficult to remain competitive in the face [...]
Posted: September 8th, 2006 under Steel News.
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