Archive for February 21st, 2007
Severstal offers Mittal £1bn for Corus Scunthorpe plant
SEVERSTAL, the Russian steel group, has approached Tata Steel with a £1bn ($1.95bn, €1.48bn) offer for Corus’s Scunthorpe plant, Britain’s biggest remaining steelmaking operation.
The move, confirmed by two separate sources, follows Tata’s victory over Brazil’s CSN in the £6.7bn auction for the Anglo-Dutch steelmaker.
It would mark the first entry into British steelmaking for Alexei Mordashov, [...]
Posted: February 21st, 2007 under Steel International, Steel News.
Comments: 2
AK Steel Increases Carbon Steel Prices
AK Steel said Wednesday that it will increase spot market prices for its carbon steel products by $40 per ton for all new orders accepted for shipment on April 1, 2007 and later.
According to a statement released by AK Steel, the price increase is in response to increased demand for carbon steel products, as well [...]
Posted: February 21st, 2007 under Steel Prices.
Comments: 1
Who will bid for Mittal Steel Plant?
There is speculation about possible bidders for Mittal’s Maryland Steel Plant. Mittal have been ordered to sell the plant by the US Justice department under antitrust laws. The recent takeover of Arcelor by Mittal created fears about competition.
Newspapers and other online sources are naming China’s Wuhan Steel Corp, Ispat, Severstal, Evraz and Thyssen Krupp amongst [...]
Posted: February 21st, 2007 under Steel International, Steel News.
Comments: none