Steel Strip

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 [...]