Steel Strip

 MOSCOW: Novolipetsk Steel, the Russian steel maker owned by the billionaire Vladimir Lisin, has agreed to form a $1.6 billion joint venture with Duferco Group of Switzerland to make and distribute steel in the United States and Europe. Novolipetsk, or NLMK, will pay $805 million for 50 percent of the venture, which will control 22 [...]

STEEL giant Corus is to delay a shareholder’s meeting to give a Brazilian company more time to come up with a counterbid to Tata Steel’s offer.
The Anglo Dutch group has put back the meeting from December 4 to December 20 to allow Companhia Siderurgica Nacional to go through its books and decide whether it wants [...]

EU regulators on Thursday set a Jan. 3 deadline to rule on Tata Steel’s 4.3 billion pound US$7.7 billion (euro6.01 billion), bid for Britain’s Corus Group PLC, just days after CSN made another higher offer.
Brazil’s Companhia Siderurgica Nacional SA trumped Tata last week with an offer of US$8 billion (euro6.25 billion) for Europe’s second largest [...]

BRAZIL’S Companhia Siderurgica Nacional (CSN) is expected to make a firm offer for Corus Group of around £4.25bn within the next two weeks, said sources last night.
The move is expected to trigger a higher offer from Indian rival Tata Steel which has seen its offer for the Anglo-Dutch steelmaker topped by 20p.
Corus shares were trading [...]

Spotted by Paul over at the Tinbasher it seems that a member of the fairer sex has not only joined the the metal bashing industry but is blogging about it too. To quote the tag line:
I am a woman entering into the Sheet Metal Industry… in other words I make duct! This is my journey (as [...]

UK manufacturing employment has hit its lowest level since 1841, according to a government survey released late Thursday.
The November Labor Market Report from the Office for National Statistics noted that the manufacturing employment levels were the same as the time period when the country’s main sectors included coal mining, shipbuilding, textiles, iron and steel.
A total of [...]

A plan by Arcelor Mittal to sell Canadian steel producer Dofasco to ThyssenKrupp of Germany has hit a stumbling block, the world’s biggest steel group has said.
“Arcelor Mittal has been informed that the directors of the Strategic Steel Stichting, the Dutch foundation that holds the shares of Dofasco, decided on November 10 not to dissolve [...]

MIDLAND manufacturers could be driven out of business by government plans to tackle climate change, an MP warned.
Adrian Bailey (Lab, West Bromwich West) said the steel and foundry industry in his constituency could suffer if extra costs were imposed.
Jobs would be lost to manufacturers overseas where costs were cheaper, he warned.
But there were also opportunities [...]

Some European steel prices are now quite markedly starting to dip. Stock-building is reaching the end of its current run, and inventory liquidation will no doubt follow. Some producers are restraining their output to avoid excess supply coming onto the market and depressing prices further.
But the market is being influenced increasingly by other factors – [...]

Stelco is warning that it won’t meet its targets for production, revenues or earnings because the steel market has weakened considerably in the past few months.
“As the third quarter was ending, we realized the market was softening much more than expected,” Stelco CEO Rodney Mott said during a conference call with analysts Friday.
Mott said demand for [...]