Archive for November 28th, 2006
European steel makers strike deal
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 [...]
Posted: November 28th, 2006 under Steel International, Steel News.
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Brazilians get extra time to bid for Corus
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 [...]
Posted: November 28th, 2006 under Steel International, Steel News.
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