Steel Strip

Regular visitors have probably noticed that to the left of our articles are two search engine scripts. These are optimised for steel related searches. Regular readers, will be aware that we have been experimenting for some time now with the Eurekster powered Swicki, and more recently with the Google powered community search.
The problem with general [...]

INDIA’S Tata Steel landed the winning blow today in the auction of former British Steel company Corus.
Tata offered 608p a share, valuing Corus at £5.75 billion, after going head to head with Brazil’s CSN in a late-night process run by the Takeover Panel.
The battle with CSN, which dates back to December, added a third to the [...]

A head-to-head bid battle for former British Steel firm Corus is due to get under way at 4.30pm (GMT) today.
The £5 billion auction – set to involve Brazilian firm CSN and India’s Tata Steel – has been established by the UK’s Takeover Panel and will consist of up to nine bidding rounds.
The winner is expected [...]

The US market is slow. Service centre inventories are unlikely to be fully adjusted until the end of the first quarter at the earliest. Transaction prices for a number of products continue to slide. High levels of imports, ordered earlier in the year, have contributed to the oversupply, despite strict production discipline by the major [...]

China’s steel output increased 18.5 percent in 2006 from the previous year, despite curbs imposed to slow rising investment and reduce pollution, a news report cited the government as saying.
China, the world’s largest steel producer, has had a surge of new mills rushed into operation to supply its fast-growing construction and manufacturing industries.
Total output of [...]

Corus will finally have a new owner this week - and there are fears that its first move will be to cut thousands of jobs in the steelmaking industry.
Indian firm Tata Steel was today set to trump a Brazilian rival’s offer for the steelmaker, which employs more than 1,200 on 13 sites across the West [...]

Hyundai Steel Co. , South Korea’s second-biggest steel maker, said on Monday it is in talks with Japan’s No.2 maker JFE Steel Co. and Germany’s ThyssenKrupp to broaden ties, but no details have been set.
Hyundai Steel, a unit of Hyundai Motor Group, made the comment in response to a report in Japan’s Nikkei business daily [...]

The future of Anglo-Dutch steelmaker Corus, which employs 8,000 in Wales, will be decided this week in a quick-fire auction.
Brazilian steel group CSN is tipped to trump Indian rival Tata in the £6bn-plus battle.
The long-running contest could be all over by early Wednesday morning after the Takeover Panel announced an unusual set of rules to [...]

Brazilian steelmaker Companhia Siderurgica Nacional rejected reports on Thursday that a domestic iron ore dispute might damage its chances of winning a bid battle for Anglo-Dutch rival Corus Group.
Companhia Siderurgica Nacional (CSN) has made a 4.9-billion-pound recommended cash bid for Corus, trumping two earlier offers from India’s Tata Steel. But many analysts expect Tata to [...]

Russian coal and steel producer Evraz Group SA said Wednesday that it has completed its acquisition of Oregon Steel Mills Inc., one of the largest investments in the United States by a Russian company.
Evraz agreed in November to buy Oregon Steel for US$2.3 billion (€1.8 billion), or $63.25 a share in cash. The deal received [...]