Steel Strip

United States Steel Corp. plans to buy Lone Star Technologies Inc., a maker of welded pipe used in oil fields, in a $2.1 billion cash deal that will make it North America’s largest producer of tubular steel.
The Pittsburgh-based company said Thursday the transaction will combine its largely seamless tubular business with Lone Star’s welded tubular [...]

Voestalpine AG, Austria’s biggest steelmaker, agreed to buy specialty steel-producer Boehler- Uddeholm AG for 3.52 billion euros ($4.69 billion), foiling a bid by private equity company CVC Capital Partners Ltd.
Voestalpine will pay 69 euros a share for Boehler, according to a statement sent today to the Frankfurt stock exchange. The shares rose 47 cents, or [...]

China will continue to reduce export tax rebates for lower-end steel as well as encourage slower export growth among major steelmaker’s to moderate the rapid growth of steel products sales overseas, said Luo Bingsheng, vice chairman of the China Iron and Steel Association.
We are still putting forward new tax rebate measures aimed at reducing rapid [...]

Hardening and Tempering is a thermal process that strengthens steel through a controlled heating and cooling process Hardened and tempered steel strip, is used in many applications including saws, cutting tools as well as springs.
This process will result in improved mechanical properties and give a tougher more durable product. The hardening process involves heating the [...]

According to Metals Place  .
Major producers of steel reinforcing bars (rebar) in the US have announced a series of price increases for April deliveries. Nucor led the way, informing its customers last week that it would raise prices by $55/st for rebar, merchant bars and structural products, effective with shipments beginning April 1, 2007. Other producers, [...]

AFTER almost nine months of haggling and abuse Australia’s three big steel companies have finally agreed to a deal that will see OneSteel and Smorgon merge to form a $4 billion company, strengthening Australia’s steel-making sector and consolidating the industry into two players.
In August, Bluescope tried to block the merger of its two biggest customers, [...]

The majority of second quarter business has yet to be settled. A number of EU steelmakers have announced plans to lift April prices by around €20/30 per tonne but many customers believe the amounts to be too ambitious, given the availability of cheaper third country imports. However, the number of offers have declined recently and, [...]

 Arcelor Mittal said it is building a new steel service centre in Krakow, Poland, with a processing capacity of 450,000 tonnes per year. The new centre is expected to begin operating in the fourth quarter. Arcelor Mittal already has operating in Huta Zendzimira near Krakow and in Bytom near Katowice.

 
Technorati tags: Arcelor Mittal, Poland, Steel [...]

POSCO, the world’s third largest steelmaker, said Friday it is stepping up its defences to thwart any hostile takeover attempt amid reports Arcelor Mittal is looking at the company. “The company will acquire more friendly shares for stable management,” a POSCO official told AFP, adding that shareholders counted as friendly to the management now controlled [...]

MIDDLETOWN, Ohio - A piece of cardboard propped on a bench outside the union hall with “It’s Over” hastily scrawled across it seemed to say it all. AK Steel workers were going back to work.
A nearly 13-month-old lockout ended Wednesday as union workers at AK Steel Holding Corp.’s Middletown Works plant overwhelmingly approved a contract [...]